Inflation… in the real estate market and pool floats

Inflation is being thrown around right and left. Do you know what it means? This is the quick definition: inflation is the decline of purchasing power of a given currency over time. Why is that important? The value of the dollar decreases and prices of goods rise. That means everything from food to gas, rents to clothes rise in price.

You may be wondering, how can I stop this and how does this tie into real estate.

1) you can’t…depressing I know, sorry

2) If you are in-between renting and buying, now is the time to buy

Now is the time to buy because while prices may be slightly elevated, if we see the inflation, that some economists are predicting, prices of goods will keep going up and that means rents will keep going up. If you purchase a house, you are locking in a mortgage payment and that will not “inflate”. Seems like a big step now, but could save you even more money down the road.

Now, inflation in pool floats is a lot more fun: inflate, float, and enjoy.