Episode Transcript
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Speaker 1 (00:00):
I like asking questions. The reason why is because the
fund begins when you start researching for answers such as
should we be worried about the price of coffee? Plus?
Why is your monthly rent through the roof crazy? My
name is Errol. I'm a daily writer, a silent wolf.
That means I stand on the sidelines and do nothing
but watch lists and study than activate. I happen to
(00:21):
call it the daily mess, a chronological walk through an
everyday world. Yeah, it's my morning writing as a receiver
of thoughts and ideas. We as people tend to throw
things to the side because we think we're going to
deal with it later on. When a subject arrives inside
of me, I know it's time to dig in. It's
still keeping that daily journal, but by doing the research
the picture becomes clearer. This is the daily mess between us.
(00:46):
Should we be worried about the price of coffee? I mean,
Brazil is a major supplier and has been hit hard
with a fifty percent terra from the United States. This
is a huge sign that clearly states coffee is headed
not just up way up. Now. What you may not
know is that coffee has already been higher than normal
due to droughts in Brazil as well as Vietnam. The
(01:08):
tariff will exacerbate the situation. Sadly, the US can't increase
their own coffee production to offset the impact of the tariffs.
You might actually change your coffee path due to higher prices,
especially if you get your coffee from a grocery store
versus a coffee shop. The tariffs are creating uncertainty in
the market, which is making it very difficult to predict
(01:31):
what's going on in the market. The tariffs are so
small compared to the other elements that control the actual
price of coffee. You got to think about the weather conditions,
supply chain disruption, labor costs, and global demand. They all
play a huge role in the cost of your coffee.
In the end, you're going to have to take the hit.
(01:52):
If a cup of Joe is your morning glow, stock
up now because there's change on the way. Hey, coming
up next. Why is our rent so high? Hey? Thanks
for coming back to the daily mess? Why is your
monthly rent so high? People are forking out a lot
(02:12):
of money for property they don't even own. Financial experts
say it's connected to a mix of economic, social, and
policy reasons. There's a supply and demand imbalance. Our decision
to live in certain areas plays a huge role in
what prices look like. We also can't leave out construction
(02:34):
costs and restrictions. Building today is through the roof crazy.
Now toss in zoning rules. How about height limits and
approval process. It's excess weight that slows everything down. Renting
today involves huge investors and corporate ownership. They set the
high prices to get a return on their investment. When
(02:57):
property taxes go up, guess what, so will your rent?
Maintenance costs are completely out of control that's passed on
to you. It's no hidden truth. The cost of rent
right now has grown faster than income. It makes renting
less affordable. So what can people do well? Negotiate rent,
stay out of hot areas, get a roommate, or put
(03:20):
your monthly investment in a landlord that isn't so big.
I'm Eryl, and that's the daily mess.