Tourism dominates the economy here, and right now, everyone seems obsessed with chasing that same quick buck. It’s easy to feel smug when you inherit a property or a slice of the pie, allowing you to casually charge $150 a night just to let someone sleep in a tiny studio.
But looking at the broader trends over the last couple of years—and I haven't even bothered to dig through the data because frankly, I lack the motivation—it makes me wonder: how much more miserable are we going to get?
Here is a snapshot of what I see happening in my own city and across the country.
1.) Real estate. In the decent neighborhoods, in those solid, older buildings, rent used to top out around $1,100. We’re talking about a mid-sized American city, not some rural outpost in the Midwest or somewhere near Lake.
Today? You might find a mediocre apartment for $1,400 if you're lucky. A better one? That'll run you $1,600. New construction? You're looking at $2,000 minimum. And this isn't even a tourist hub where prices are artificially inflated.
2.) Cars. I was looking at the car I bought over seven years ago. Back then, I paid a realistic market price for a small, sensible vehicle.
Fast forward to now. That same car is now 15 to 20 years old, yet it’s selling for essentially the same price, or maybe even 10% less than what I paid back then.
3.) Equipment. I’ve been checking the market for small mini-excavators lately for some side work. A year or two ago, you could pick up a decent entry-level machine for maybe $12,000 or $15,000.
Now? Those exact same machines are 50% to 100% more expensive.
4.) Utilities and groceries.
The absolute essentials—bread, flour, oil, milk, dairy, toilet paper, basic hygiene products.
On top of all that, looking at the average net salaries for private sector workers compared to 2022 levels, they are lagging behind the public sector by nearly $1,000.$500
https://tinypic.host/i/prosjek-privatnik.nzhMdWhat kind of future is that?🙄
I don't even need to spell it out; we all see it.
And once everything fully transitions to the new currency standard, I dread to think what happens next.
Then there's the income distribution: roughly 1 million out of 1.6 million people are scraping by on $1,100.
https://tinypic.host/i/place1.nzWfq