Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +4.4% YoY) with rents up 18% over the last year and home prices up 19%. Actual inflation rate is much higher than 7.5%.
Price increases over last year (CPI report)
Used Cars: +40.5%
Gasoline: +40.0%
Gas Utilities: +23.9%
Meats/Fish/Eggs: +12.2%
New Cars: +12.2%
Electricity: +10.7%
Overall CPI: +7.5%
Food at home: +7.4%
Food away from home: +6.4%
Transportation: +5.6%
Apparel: +5.3%
Shelter: +4.4%
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Inspired me to look up the same numbers.
For Coinbase, Q1 2019 was 30% outside the Bay Area, and last quarter (Q4 2021) was 89% outside the Bay Area.
Tech is definitely decentralizing. Silicon Valley is now in the cloud.
Inspired me to look up the same numbers.
For Coinbase, Q1 2019 was 30% outside the Bay Area, and last quarter (Q4 2021) was 89% outside the Bay Area.
Tech is definitely decentralizing. Silicon Valley is now in the cloud.
I’ll admit I’m ignorant in a lot of areas when it comes to crypto and NFTs. Still have a lot to learn.
But it’s clear to me in 10 years or less the ownership shares of my entire real estate portfolio will be tokenized and tradable 24/7 by investors all over the world.
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