Dan on Nostr: Before the last 60% of the inflation we have suffered, we, "do it yourself" type ...
Before the last 60% of the inflation we have suffered, we, "do it yourself" type people really made out well with home improvement projects. A given average project would cost us 35% on materials and if we did it ourselves, we'd save the 65% on labor. It was a great deal for us to build wealth in the real-estate area.
Now it's a different story. I'm guessing I spend 80% of my project on materials and save 20% on the labor. I have realized that the labor portion has also inflated, but only once, at the sorce, witch is the human. I compare that to kitchen cabinets that have 20 + different, internal, inflationary, components that have are compounded over 6 months to create the cabinets. Those components range from gas/transportation/wood/glue/nails/paint/tools/rent/labor. These items combine and compound the 8% inflation while outpacing the human.
Inflation is a horrible theft and must be stopped.
Bitcoin is the best tool I have ever seen or imagined to combat inflation.
Now it's a different story. I'm guessing I spend 80% of my project on materials and save 20% on the labor. I have realized that the labor portion has also inflated, but only once, at the sorce, witch is the human. I compare that to kitchen cabinets that have 20 + different, internal, inflationary, components that have are compounded over 6 months to create the cabinets. Those components range from gas/transportation/wood/glue/nails/paint/tools/rent/labor. These items combine and compound the 8% inflation while outpacing the human.
Inflation is a horrible theft and must be stopped.
Bitcoin is the best tool I have ever seen or imagined to combat inflation.