Rents rocket, energy goes boom and Main Street gets squeezed again...
The saddle is on the horse. We've got a blanket, some food and the wild blue yonder staring us in the face. As long as Bill gets access to the Internet, and our Starlink satellite subscription doesn't die, we figure we'll be good for this ride with him by our virtual side.
Apartment Guide says the average US rent for a 2 bedroom apartment in 2021 was $1968.
A 20% increase took an additional ~$340 a month from the average apartment dweller just last year. It’s no stretch to say that the vast majority of renters would simply not have the money, not even close. They were/are already living right on the edge, or over it. So there is a big story out there that isn’t being told, certainly not by the msm, and I’m sure the Biden administration wants to keep it permanently under wraps. It’s actually getting harder to blame everything on Trump, although this will be the conditioned response. But this constitutes a housing Apocalypse, full stop. This at a time when our nation is filling up with millions of illegals from our southern border. You tell me what has to give.
“Consumers hate rising prices. Investors hate falling prices. About 90% of the voters want prices to stay steady. But the 10% who will decide the issue want them to go up.”
Is this not at the heart of explaining and exposing the false narratives of the US dollar, COVID-covid response, the benefits of war with Russia, non-binary biology, and the wisdom of “trusting the science”? Beware the experts. This is going to hurt a bit
In Auckland New Zealand we are already paying USD9.00 or more per gallon for petrol. So, if only we could go down to $6 a gallon we would be laughing. Diesel is USD6.70 a litre. Its all relative.
Actually they worked as expected - they weren't expected to be on all the time. During the big freeze in Texas the regulator expected something like 20% availabilty for wind and got more than that. They are "peaking" assets that boost power supply during the day. Advertising them as anything other than that is misleading.
I'm in the "gas" industry, as in NATURAL GAS. Here in Houston, we assume that's what you mean when you write about gas. If you're talking about what goes in your car until we can cover the countryside with windmills and solar panels, it's GASOLINE.
.... and to go off-grid in New Zealand so you can charge your Tesla at home is USD 60,000 to USD 80,000 for a large family home.