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by _huayra_
1541 days ago
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I wish I knew if there was any lit on this, but I think the same way. When the cost to own a given size house is double the cost to rent that house (in some VHCOL places like Seattle that is true at the moment), eventually people are just gonna opt out and rent. Anecdotally, I've basically opted out of any sort of food that I don't prepare myself. Although not immune, Costco has avoided the same level of inflation as other grocery stores and especially restaurants, so I just shop there and save money because the prices for prepared food has just gone through the roof. |
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Grocery stores are beginning to level-up their "price optimization" strategies (car insurance companies have been doing it for much longer [0]): people who work for it pay less. A box of cereal is $3.99 on the shelf; with club card and digital coupon it's $1.99. That's one item down 50%. You scale that methodology to your entire shopping trip, and your dollars go way further.
[0]: https://www.npr.org/2015/05/08/403598235/being-a-loyal-auto-...