Inflation — Jaysen’s killer kicker: Cocoa Pebbles up 92% since 1998, but Columbus real estate up 170%. The episode’s headline-grabbing stat.
#SellFor1Percent #ColumbusRealEstate #ColumbusOhio
Full Transcript
And so long story short is is that I think the market will continue to plug along We’re going to have ebbs and flows like everything else but um you know I’m happy to hear Rich is busy Uh Jane you’re busy Jaysen’s busy I’m as busy as I want to be And so life is good Put that into the universe Life is good Cocoa Pebbles has gone up 92 since 1998 Okay So put that into the universe Yeah We’re doing Cocoa Pebble trackers now instead of Big Mac trackers So what was the price of Cocoa Pebbles in 1998 The price of Cocoa Pebbles in 1998 was 2 and 75 cents It is now 5 and 50 cents after inflation today Okay Real estate has uh in Columbus has gone up about 170 since 1998 So it’s outpaced Cocoa Pebbles Yeah And real estate also during recessions it’s outpaced inflation Real estate typically during a recessionary times also does very well and outpaces inflation The biggest key is wages have to keep pace and right now they seem to be so that’s a good sign But if wage if wages go stagnant well then houses can’t keep going up at this clip either So and that’s why I think you know there’s that meme online about boomers and their houses they bought for 2 and 50 cents that you know you guys feel wealthier because even though groceries are higher you know you’re you’re looking at your real estate values balloon up And so everyone feels wealthier So it’s an interesting dynamic I feel wealthy because I know.