OT: Completely OT: Inflation

[Kenneth Brody]

Quoting John Esak (Tue, 4 Oct 2005 00:42:36 -0400):
[...]
> My question is this. How is it that people (economists, pundits,
> everyone seemingly - except me) feels that there won't be immediate
> HUGE inflation everywhere. With gas at the pumps moving in the $3/$4
> dollar range and companies like us having to raise manufactured goods
> costs (petroleum and natural gas based as plastic resin is) up by so
> much to stay in business...
[...]

Probably because they don't _want_ to see it.

The same thing happens in the real estate rental business, especially
in places with "rent control".  Taxes have gone up 20-30% in the past
year, fuel oil prices have nearly doubled, utilities have gone up as
well, and tenants scream bloody murder when the landlords propose a
5% increase in rents.  At this rate, even a 100% occupied building,
with 100% "allowed" rent, will be losing money.

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