Inflation is the average increase in prices over time. It affects everything we purchase.
Essentially, if you take an average basket of goods, over time, the average price of this basket of goods increases. What you were able to purchase at the grocery with $100, 20 years ago is a lot different than what you can purchase today.
Numerically, your money is worth the same. $100 fifty years ago is still $100 today, HOWEVER, your purchasing power is a lot less. Numerically, it is still $100 but you can buy a lot less with it today compared to 10 years ago.
If you make $50,000 and inflation is eating away at your salary. The same $50,000 will not have the same purchasing one year from now. Essentially, you are becoming poor although your salary is unchanging because you the cost of everything else is increasing except your salary
How do you combat inflation:
- You have to invest your money so that you receive a return on investment above the inflation rate. (stocks, bonds, mutual funds, treasury, real estate) Example, if I invest $10, can I get a return of $15?
For more strategies on how to improve your financial future, contact us directly at Contact@Mandrellco.com to set up your appointment. We have a wealth of resources and will be sure to connect you to industry leaders.Read more
Are you in the market to buy, rent or sell property in Jamaica Plain? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Multifamily properties in the area. All these numbers reflect what’s taken place over the last 6 months.
Total Multifamily Buildings SOLD: 19
Average Living Area by Square Feet: 3,442.79
Average Listing Price: $1,053,368
Average DOM (Days on Market): 46.95
Average Sales Price: $1,038,290
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Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.