Welcome to New England. I noticed Californians brag about how big their car or house is. New Englanders brag about how hard they work. I still feel guilty not working full time for no reasonable reason but personal insanity.....
This is going to be really bad for people commuting long distances which tend to be folks who couldn’t afford closer in and now spend up to 2 hours each way. The war in Ukraine would have to end very quickly to change this and the OPECkers have to increase production/particularly Saudi who we have nurtured despite them being an awful regime. We need to call on some chips including asking oil executives to do their part for the country.
I hope I don’t tube this thread but Putin enabling was done by Bush, Obama, Trump, and Biden with that starting to PARTIALLY turn when Putin over estimated his ease of taking Ukraine.
People forget that 10 years ago price/gallon was >$4.00 in many areas. I remember taking my daughter to her friends house one Saturday around 2013 or 2014 and gas went below $4 and I was amazed. We’ve gotten used to high supply and lower demand and cheap oil for many years. We were cycling higher and now we have a potential supply crisis and the OPECkers are continuing to squeeze us by not increasing production.
Interesting. When I bought a house in Los Angeles in 1980, I got a great deal with a fixed rate of 13%. When I bought a house here in 1997 it was maybe 8%. Ultimately I refinanced that down to 4% which seemed rock bottom. I honestly could have put a lot more cash buying my current house but I surmised my savings will well exceed the 3.62% fixed rate and they obviously did. I’m now paying 2.8% on a 30 year fixed. Mortgage rates 5-7% are historically not bad. We just happen to be in a period that probably won’t replicate for awhile. Someone your ago should be heavy equity invested.