@WallStreetApes Dont let insurance companies off the hook here. Im sure some of that increase in monthly payment is from home insurance increasing based on that new value assessment.
I teach auto shop at a small high school. We work on students cars, teachers cars, students parents cars and some community people cars. We only charge for parts and not labor, so we saved some people a lot of money last school year. This last school year we did 126 oil changes, 68 brake jobs, 85 alignments, 4 steering racks, 22 tune ups, 32 struts, 20 shock absorbers, 4 transfer cases, mounted and balanced 82 new tires, 4 timing chains, 15 valve cover gaskets, 14 thermostats, 4 radiators, 12 in tank fuel pumps, 8 EVAP canisters, 6 exhaust manifolds, 4 mufflers, 15 AC repairs including evacuate and recharge, 8 alternators, 22 batteries, 9 starters and so much more! Proud of those students I am!
@tribalgrassroot@PatRos43871@Idontgive2u@Jrmie1569712 Exactly right. It's led to hyper domestic economic growth/productivity but ultimately now hyperinflation.
Eventually, it will self-correct, but in doing so it will devastate the economy and stock prices/retirement accounts.
@beerandtokens Because most of them are boomers that know they wont live to see the ramifications.
They can see the campfire waning and instead of chopping more firewood (doing actual work), they just add the few remaining logs until they sleep and let everyone after freeze to death.