Inflation for real families
Original post made
by Keri, South of Midtown,
on Oct 2, 2012
I went down to my local grocery store, today, and purchased a typical basket of groceries. I was shocked! I have also been forced to buy gasoline at well over four dollars per gallon. How did this happen, while we are being told that inflation is not an issue?
I think inflation is conflated into an overall algorithym, including the deflation of housing prices, but this does not compute for most of us.
Most of us are seeing that we are in the middle of a major inflationary period. I am worried that we are facing a hyper-inflationary period. As a mother of two kids, I am very concerned.
Posted by Jan H
a resident of Old Palo Alto
on Oct 3, 2012 at 2:53 pm
Our combined family inco e is about $300,000. No brag, just fact. BUT, the local real estate agents treat us like losers because we cannot afford a house more expensive than $1.3 million, which buys a small, junky house on a sub-standard size lot in the first block of a street off a very busy street near the railroad track!
The local restaurants treat us like losers because we buy our clothes at Target. Yes, we have nice cars, but they were bought used.
My husband has a graduate degree in economics and owns his own firm, but the banks, the medical insurance companies, and the neighbors treat us like losers because he does not take an obscene salary, takes large pay cuts before giving his employees small ones, and restores the pay cuts to employees before restoring them to himself.
He is treated like a loser because his company only employs 20 people, so he does not get good rates from insurance companies or banks. Most of the. O ey he makes goes back into the company, not our bank account.
What is wrong with this country,, this state, and especially, this city???! We are struggling with the price of housing (we have 4 adults, one small child living in a 3 bdrm, 2 ba house...need a larger one), gas, utilities, and food. We actually make less now than we did in 1999! Our standard of living has tanked, while we watch young people in their twenties in the same industry build huge custom houses on large lots, have multiple children, and all on one hyper inflated income!
Sometimes I feel we are being punished for doing the right thing, putting family and employees first. And for not doing anything illegal by SEC rules, as I have seen many people in the same Silicon Valley Area (yes, some in PA) do.
Our income would be a very good one anywhere but Palo Alto. Here, we are criticized, even ostracized, because we haven't "bettered" ourselves in the ways they think appropriate, i.e, whatever it takes to make boatloads of dough, however unethical.
Between the snobs, the cheats, the ineffectual city council, the ugly buildings going up, the cuts in city services, and the huge increase in crime, I don't want to live here any more
E illy, this