I'm not talking about weimar republic style hyperinflation my feeling is more on the order of 5 - 12% (maybe not even by CPI standards). Essentially 1970's style stagflation again. CA wages are already high a few years of that and Uber will be back at baseline.
What are you talking about? It’s already here. A home in Bay Area is close to 2 mil now lol.
How much is a meal at mcdonalds?
Why is a home in an unbelievably popular place to live, which is also full of massive amounts of new money, your measure of inflation?
A home near me is about 100k for 2000 sq ft main floor. Does that mean inflation doesn't exist?
What a weird argument.
that's localized inflation due to housing scarcity in the Bay, it's not hitting the economy as a whole.