Loading ...I watched Wolf Richter on Wealthion. Both are from the bay areas. Neither are seeing a imminent crash at this time but now if the debt ceiling is being razed things could change a bit.
Being from north cal too I don’t see much changing except house selling has slowed now that interest rates went up.
Foods went down a little. Gas prices are higher than elsewhere because of the taxes too which keeps food and consumer discretion up in price due to middleman.
Housing and rentals haven’t dropped.
Richer said that rentals are still going up and they’re already way over price, He said rents going up by 6 to 8 percent on new leases right now.
He said it’s weird that interest went up while the economy’s still busy and rentals going up.
Its true I went out to dinner for moms day and put it off for crowds was still busy and another friend who went on moms day said she should have waited too.
Kids have plenty to do. A near by water park they got yr long tickets where they have Miniature golf, lots of games they get tokens for every time they go which could be daily and who knows what else plus the water park in summer months. It’s busy. Plus other places similar without the water park. Traveling is busy. Short trip to the Bay Area beaches or Tahoe is still going on.
Snow activity slowed a bit with those winter storms but not due to the economy;
Its not going down because of the Demos and the green agenda are affecting prices. Then Wall Street buying up housing then doubling rents which should be illegal, Single family housing and rentals shouldn’t be bought up by Wall Street. Chinese and others buying up housing getting their money out of China mostly in southern Calif. Then illegals piling in which will need housing and will take up all the affordable housing first driving prices up if any left with locals not really being able to afford to go to higher rents and they already raised the more affordable rents too high. Illegals will double up family’s or have 4-5 single men in a one bedroom and more in a two bedroom.
Prices for services up and boomers left and no way coming back after they took advantage after 08 in many fields so now they all need help which gives the younger crowd a edge on wages business can no longer get away with and serves them right.
I think the problem this time with housing up artificially and not going down as they should is that Wall Street and aforementioned not only drove housing up but rentals too, After 08 people could move out of their house and rent till the market hit a bottom. The other choice it get a trailer and don’t pay rent many have done but this time will it go back down or stay up because of what politicians and Wall Street had done. That or leave the state. It it doesn’t people will demand higher wages. Maybe that’s why they’re bringing in all these illegals to undermine them. So if it crashes and burns they should burn with it.