The cost of living - COL.

Previously I stated the C.O.L.A. to 2.8%. There is now a very slim chance of 2.7%. I'm sure there will be all manner of finger pointing and gnashing of teeth, whichever is the number. My own personal Cost of living exceeds that percent. :(
 

Previously I stated the C.O.L.A. to 2.8%. There is now a very slim chance of 2.7%. I'm sure there will be all manner of finger pointing and gnashing of teeth, whichever is the number. My own personal Cost of living exceeds that percent. :(
As does mine. Utilities and other recurring bills have increased far more than 3% over the past year. Same with nearly everything I purchase on a regular or occasional basis.
 
As does mine. Utilities and other recurring bills have increased far more than 3% over the past year. Same with nearly everything I purchase on a regular or occasional basis.
I haven't got all the September bills, but I would estimate my own cost of living has gone up 3.1% over last year. With the Headline CPI projected to be 3.0%~3.1% and CPI-W 2.7%~2.8%, there will be a lot of squabbling and squawking.

To use a phrase from the past... "it's transitory."
annual rate of inflation.jpg
 
Some of this doesn't affect me directly, since my property taxes are frozen, but on several recent news broadcasts, reporters have been speaking with residents about rising property taxes and how those costs will be a deciding factor in whether or not they can afford to buy a home, even if interest rates drop. Many say they cannot afford a home, no matter how low interest goes, since the property taxes and insurance are rising faster than any interest they might save.

I do not understand the need for taxing authorities to increase property tax rates, when they are automatically collecting more taxes as home prices rise every year. Most homes where I live are selling for 3-4 times what they were 15 years ago, yet they always find a way to justify raising taxes for more and more money. [We are not a growing community that requires more law enforcement or city services. Our population has stayed the same for 20 years.]

And we're not seeing improvments from higher taxes. Most of us are dodging potholes, and we have old water lines that constantly break, and just get patched. A city truck stopped some days ago and dumped gravel in a big pothole in front of my house instead of a proper repair. Two red lights downtown have been out over a year and we have stop signs now instead because the city says they can't afford to fix the traffic signals.
The county I live in has no stoplights and only stop signs (to save money of course). When I lived in Indiana, the big trend in towns around Indianapolis was roundabouts. Then again, saves money. Carmel Indiana has the most roundabouts than any other city in the US. They have 155 roundabouts. When I lived in that area, it was a pain. It seemed like every intersection was a roundabout.
 


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