First of all, let s talk about inflation . Inflation has made a lot of real estate property owners rich . Some say it s the devaluation of our currency by our Government via the printing of more and more money. Let s see if we can t take it a little further. Inflation occurs when we have a high requirement for investment and low productivity to help finance that investment.
Inflation also accompanies transitions in technology.
Each generation brings with it new ideas and technologies as it enters the work force. The Baby Boomers were far from the exception. Add to that the expense of retooling for the new technology they brought with them. A workable formula we can use to predict inflation. We will even see many items go down in price.