Get Ready for Corona Inflation

A quick post, as today’s message presents a challenging fact. Sometimes the truth hurts and better on a Friday than a Monday! Keep reading, though, for an inspiring conclusion.

Fact: Prices for discretionary (and non-discretionary) items are about to go UP. All one needs to look at is the spike in residential home prices that began in mid-2020 and is still going. Demand for suburban homes has skyrocketed due to the work-from-home and leave-big-cities trends, among other major factors. As learned in high school and college economics, as demand increases generally so do prices.

Travel and hotels will probably see the most noticeable price increases post Covid.

Photo courtesy of Sean Sullivan, Cruz Bay, St. John USVI.

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