[ejb999]

I don't have the figures handy, but based on what I am seeing I suspect we are entering a period of the biggest wealth gap in recent history between the rich and everybody else.

Massive, massive asset inflation, for those that own things - and the bigger and more you own, the more you have benefited, and then massive inflation in consumer/everyday products like food, energy and clothing and for those seeking to buy their first house, as well as renters finding out the rent is being jacked up rapidly - i.e. the people who can afford inflation, are seeing massive gains in their asset portfolios, and the people who can least afford it - are on the verge, if not already at, a disaster in the personal economic situation.

We are heading for a train wreck of massive proportions imo, best to get prepared if you can.

[ryanSrich]

I feel this. 2021-2022 has been insane as a person looking to buy a new house, car, and get kids into daycare. Luckily we already own a house with good equity, have a good car, and have childcare. But we’re looking at moving and upgrading a few of these things, and let me tell you. The demand for housing and vehicles is beyond anything I could have imagined. Houses routinely selling for 30-50% over list. Car dealerships selling new cars at $10k over MSRP because the two year old version of that car is selling for the price of a new one used.

If we didn’t have existing assets like a house or quality cars we could trade in I don’t know what we would do. Just having two good salaries, a lot of cash, and high credit isn’t cutting. You need assets.