Listen "How will inflation affect the housing market?"
Episode Synopsis
Yeah, it's, it's tough. I mean, I've had times in my life, I had more debt than other times. And when you have more debt, you have more stress. And you have, you know, a lot of times that stress rolls over into a lot of other parts of your life, it may be financial stress, but it may affect your marriage, it may affect your kids, it may affect your job, if you can eliminate that it can really be life changing.So one of the things that has added a lot of people's stress to their life, as we've talked about, and what the Debt Crusher can definitely help with is the gas prices. Right? I know that everybody has seen the gas prices go up dramatically recently. I think Indiana was just I just got a notification on my phone a couple of days ago that the average now is over $5. I think the national average is like $4.93 or something like that.Right? Yeah. $4.93. Now, it may have gone up since I put this these numbers together, because I found this very, very interesting. Using a gas price at $4.93. And using last year's gas price at $3.07. So that's that's not even the total because we were at $2. Not that long ago.Yeah. Right. Actually, when everybody was working from home, I think it was like it was maybe even under two, I think times I filled up and I was like, I even took a picture and sent it to everybody. Everybody look what I just filled up for. Right?Yeah. Because you know, then I was filling my car up for 40 $45. Yep, a full fill up. I filled up my car last Sunday, and it was almost $100 to fill up my car. Now you do have a premium? I have to put premium in my car. But yeah, there's that. Yeah, that that it does have to have. But it's still it was, it's still the same increase, I had to put premium at $40 to so that $50 A month almost $60 Not a month, a fill up. Is that's what it is. You know, and that's a lot. But let's take the difference between the average for the gas now. proximately. I think it's higher, but for $4.93. And last year at $3.07. That's $1.86 More a gallon that we are spending if you take the average miles per gallon, some cars get more some cars get less, but the average miles per gallon is 20 miles per gallon if you take city and and highway driving the whole bit right. And so that added point, basically nine cents a mile. nine cents a mile. That's to drive in your car. That's what it added about. Stop driving to work. Yeah.It if you take that by 14,000 miles, which is the average approximately the average miles driven per year, that's $1,260 additional per year or $105 per month. That is unbelievable. And that can really affect somebody's budget.Oh humongous...$100 extra a month. That's just crazy. You're having to spend now on gas.Connect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!