Tuesday, June 15, 2021

Whenever I read a story on ZH and see him screaming about how inflation is here to stay, I like to go to the MLS and see what Mr. Real Estate has to say.

Yesterday when I looked, significant price cuts of 100k were coming in 4 days. When I looked this morning, price cuts were coming in two days. Nothing is sitting past 30 days so far.

There will be a point where price is no option doesn't work anymore and people will just sit things out. But that doesn't play into the hyper inflation narrative.

Lumber is down. Home prices are coming down. Food will stay high because everything they say about the drought is true. EVERYTHING. We've finally gotten to a point where restaurants know what they need to operate and their inflation will moderate.

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