I dont understand the market. It seems all the market does is bring the cost up of everything that is NOT optional, like home and food, but it seems so never bring up the pay of jobs. What Im I nor understanding?
Good question. In a nutshell, because they are separate market that follow their own rules of supply and demand. So in this way a free market system is not "fair", because wages should go up as much as inflation - wages generally move in the same direction, but companies are very reluctant to offer higher wages, because they will never be able to bring them down again. Here is a good article explaining it: www.forbes.com/sites/johnbremen/2022/04/07/why-salary-increases-do-not-keep-pace-with-inflation/?sh=61c5af537533 But you have what I call your "personal economy of one" and because this is a free market system you can control it. Learn a new skill, change company, interview for a different job, get a side job, invest in real estate...
Of course! In many cases, one of the best ways to finance a property, if you can use your VA benefits, but also come with a few extra hurdles to navigate
Thanks for the suggestion Alex. Let me address that in the next market update for MKE in a few days! Rates have started to rise and it does the opposite of what you might think... (thanks for letting me build a little suspense here ;-)
