Quote:
Originally Posted by SumAznGuy
It's a balancing act. If minimum wage goes up to say $15 like how everyone wanted it to.
Then the price of a happy goes to up $10 for the sake of argument.
Like the RE prices, your actual income hasn't gone up, so your buying power has decreased.
Cars is one of those items you don't buy on a regular basis so the impact of that is less.
But food, gas, general merchandise that people use on a daily basis goes up.
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Depending on how you look at it.
Many people buy cars on loan. Also insurance, maintenance, etc...all add up to "daily living cost"
Same as real estate, mortgage is pretty much daily living cost just like grocery.