I live in a rural setting, with 1/2 acre on the shore of lake Michigan. I propose that any big ticket purchases be made sooner than later. I was looking at at buying something I wanted and waited 2months and then thought of purchasing it. The price rose $750.00 dollars. So buy sooner than later.
"Despite all our accomplishments we owe our existence to a six-inch layer of topsoil and the fact that it rains."
Life on a farm is a school of patience; you can't hurry the crops or make an ox in two days.
Henri Alain
Thanks, Y'all!
Invasive plants are Earth's way of insisting we notice her medicines. Stephen Herrod Buhner
Everyone learns what works by learning what doesn't work. Stephen Herrod Buhner
I propose that any big ticket purchases be made sooner than later.
The holy trinity of wholesomeness: Fred Rogers - be kind to others; Steve Irwin - be kind to animals; Bob Ross - be kind to yourself
Carl said, "I think the prudent thing to do at the moment is to sit tight. The longer you put off a major purchase, too, the more likely you are to realize that you didnt actually need it in the first place. As for rising food prices, what better incentive could you need to plant another bed in the garden?
Invasive plants are Earth's way of insisting we notice her medicines. Stephen Herrod Buhner
Everyone learns what works by learning what doesn't work. Stephen Herrod Buhner
Living a life that requires no vacation.
Carl Nystrom wrote:
I propose that any big ticket purchases be made sooner than later.
This is exactly the sort of thinking that drives inflation. If people assume that prices are going to go up, then buying now, at any price, seems logical. If everyone buys goods at an elevated price, then supply will not be able to outrun demand and ... prices will stay the same, or go up.
While I am not an economist, my understanding of the current situation (from reading articles on reputable news outlets, by reputable experts) is pretty classic supply and demand. We have just experienced a massive supply disruption, we have pumped a lot of easy money into the system, and now there are a bunch of mis-matches in supply and demand. Evidence for this can be seem in the price of lumber. As all the cooped up homeowners ran to Home Depot to buy boards for their new fence, the prices went crazy. As soon as the price climbed too high, they stopped buying so much, mills started working triple shifts, and so supply and demand are balancing out. Here is an intersting graph:
https://tradingeconomics.com/commodity/lumber
This graph is of "lumber" in a commodity sense, but given time, that price will drive down cost we pay for the finished products at the store (I.E. plywood and 2x4s or whatever).
This disruption will likely last for a long time, but I think the prudent thing to do at the moment is to sit tight. The longer you put off a major purchase, too, the more likely you are to realize that you didnt actually need it in the first place. As for rising food prices, what better incentive could you need to plant another bed in the garden?
Life on a farm is a school of patience; you can't hurry the crops or make an ox in two days.
Henri Alain
The wishbone never could replace the backbone.
Stacie Kim wrote:We live in a semi-urban area, but in a hidden pocket of "rural" inside the town. (The house up the street has horses.) We have the smallest lot in our neighborhood, at just under .5 acre.
Our tips to hedge ourselves against inflation and a bad economy:
1. Rethink our ideas of money being akin to wealth. By that we mean define our family's wealth in non-currency types of ways. Our tangible, holding-in-our-hands assets are worth more than digits in a bank computer somewhere. I don't mean we have gold or anything like that; I mean we are trying to make sure we have what we need on hand for our family now, before we must make a hasty financial decision later. Things we can't manufacture here, ie: rice, sugar, dairy, mammal meat, etc. are what we are focusing our stockpile on.
2. We are trying to put our own systems in place here on our property so that we are not slaves to the market/economy. Our systems include food, water, shelter, tools, etc. We are actively trying to make ourselves as self-sufficient as possible so that we are not washed about with the tides of inflation.
a. We are trying to grow as much food as we can.
b. We are saving as much seed as we can.
c. We are raising as much poultry as we can.
d. We are collecting as much water as we can.
e. We are learning as much DIY for repairs/construction as we can. We may not be able to afford large purchases later, so we'll need to fix up and make do with what we've got now.
f. We are paying as much extra to our mortgage (our only debt) as much as we can.
3. We are engaging in side hustles--reselling, mowing lawns, etc.
4. Be content. Remember how God has taken care of us in the past, and trust He will continue to provide for us. We've yet to go to bed hungry. We've never been without clothing or shoes. We've never been homeless. We've never been without medical care. In the grand scheme of things, we are filthy stinkin' rich compared to 90% of the world.
Stacie Kim wrote:We live in a semi-urban area, but in a hidden pocket of "rural" inside the town. (The house up the street has horses.) We have the smallest lot in our neighborhood, at just under .5 acre.
Our tips to hedge ourselves against inflation and a bad economy:
1. Rethink our ideas of money being akin to wealth. By that we mean define our family's wealth in non-currency types of ways. Our tangible, holding-in-our-hands assets are worth more than digits in a bank computer somewhere. I don't mean we have gold or anything like that; I mean we are trying to make sure we have what we need on hand for our family now, before we must make a hasty financial decision later. Things we can't manufacture here, ie: rice, sugar, dairy, mammal meat, etc. are what we are focusing our stockpile on.
2. We are trying to put our own systems in place here on our property so that we are not slaves to the market/economy. Our systems include food, water, shelter, tools, etc. We are actively trying to make ourselves as self-sufficient as possible so that we are not washed about with the tides of inflation.
a. We are trying to grow as much food as we can.
b. We are saving as much seed as we can.
c. We are raising as much poultry as we can.
d. We are collecting as much water as we can.
e. We are learning as much DIY for repairs/construction as we can. We may not be able to afford large purchases later, so we'll need to fix up and make do with what we've got now.
f. We are paying as much extra to our mortgage (our only debt) as much as we can.
3. We are engaging in side hustles--reselling, mowing lawns, etc.
4. Be content. Remember how God has taken care of us in the past, and trust He will continue to provide for us. We've yet to go to bed hungry. We've never been without clothing or shoes. We've never been homeless. We've never been without medical care. In the grand scheme of things, we are filthy stinkin' rich compared to 90% of the world.
Reminiscing Remnant
Jenn Lumpkin wrote:Seems like things are getting really weird ... to me.
Reading this, I just would like somebody who understands these things to forewarn me ... I guess this IS the forewarning.
If I could figure out what to do, I'd do it, but ... holy mackerel. What's going to happen? (btw, this link takes you to the "comments" at the bottom but Just go on up to read from the top.). If you read it ... which I hope somebody will and then ... what to do, whut to do? Like "trust He will provide for us," well that's a fine policy ... might just have to rely on that. He's done it so far.
peace
brian
Some places need to be wild
Some places need to be wild
Invasive plants are Earth's way of insisting we notice her medicines. Stephen Herrod Buhner
Everyone learns what works by learning what doesn't work. Stephen Herrod Buhner
Candice Churchwell wrote:
What I'm concerned about: My IRA is currently in the stock market which is not performing well, however, land investments seem to typically increase in value.
My idea: Cash out some or all of my IRA to purchase about 5-10 acres of land (with a home) for the purposes of permaculture and other income producing activities.
Gardens in my mind never need water
Castles in the air never have a wet basement
Well made buildings are fractal -- equally intelligent design at every level of detail.
Bright sparks remind others that they too can dance
What I am looking for is looking for me too!
Some places need to be wild
Oh the stink of it! Smell my tiny ad!
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