Over the last 5 years, how much inflation has there been in the US?
I recieved a letter from my landlord, increasing my rent roughly 5%. He claims the increase is to reflect inflation and that inflation is roughly 5% a year.
Is he right? I'm no expert, but that strikes me as not true.
>>3409201
on paper, inflation is pretty low, like 2% per year
in reality, a dollar's purchasing power is half of what it was in 2008
>>3409201
(((government))) stats say inflation is <2% iirc. Real inflation is much higher, about 20%. Hard to tell bc the Fed's entire job is to keep prices from changing, even if they should.
Your landlord is most likely an idiot who know nothing about contemporary fiscal policy and is is trying to jew you with a lame excuse. if you're a good tenant and its a small apartment, threaten to leave. He won't want to lose a guy who pays on time, otherwise you're screwed.
>>3409508
Yeah, I'm fine with the increase. Its not much, but the excuse of inflation sounded stupid. I'm going to talk to him and argue that he needs to fix some shit if he expects me to pay increased rent.
I know from friends that my place is still a good deal, mostly because it's a shit building in a shit neighborhood. He put it on the market, couldn't get anyone to buy it.
>>3409452
Yeah, that's what I was seeing from the charts I looked over. I'ts been about 4-5 years since I signed a lease, no rent increase in all that time.
Just seems like he's hoping the jargon impresses my dumb neighbors.
(((Renting)))
Literally burning money. Good goy.
>>3409681
(((Owning)))
Literally getting into debt so you can shackle yourself to a post in the middle of nowhere. Good goy.