Is High Inflation Back?

One of the hedges for people with money is real estate, which may be the reason we're seeing such a building boom and increasing real estate prices. This, in turn, pushes up the demand (and price) of related goods and services. Don't know if I am right on this or not but it's my hypothesis at the moment.
 

Don M. said:
It appears that the "official" CPI numbers do NOT reflect the costs that the average person faces.
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You got that right Don...surely not for most folks. Think we all know that pesky inflation is "always" clawing at the door.
 

JonDouglas said:
One of the hedges for people with money is real estate, which may be the reason we're seeing such a building boom and increasing real estate prices. This, in turn, pushes up the demand (and price) of related goods and services. Don't know if I am right on this or not but it's my hypothesis at the moment.
Click to expand...
Hub is a Fire Commissioner...they are looking for land to build yet another fire station - they are in the process of building one right now, so this land will be for the future. You won't believe what they are considering paying per sq. foot in this "country" area for land. The biggest profits are from undeveloped to developed sold land. We were fortunate to have benefited from this in the past, personally, also.
 
Don M. said:
It appears that the "official" CPI numbers do NOT reflect the costs that the average person faces.
Click to expand...
the CPI is not your personal cost of living index ….it only measures price changes in 80 ,000 goods and services , most of which you don’t use or buy ..

it compares the temperature of the 1500 mini economies that make up this country .

it has nothing to do with how many times you use or buy something , how you substitute or the quality of what you personally buy ..higher end goods see more of a price increase but may last longer
 
mathjak107 said:
the CPI is not your personal cost of living index ….it only measures price changes in 80 ,000 goods and services , most of which you don’t use or buy ..it compares the temperature of the 1500 mini economies that make up this country .it has nothing to do with how many times you use or buy something , how you substitute or the quality of what you personally buy ..higher end goods see more of a price increase but may last longer
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That's true....yet the SS COLA seem to be tied to this index....which is probably written by those who have little concern about things like grocery prices. While we are lucky enough to not having to worry about minor increases in the cost of "staples", there are a lot of retirees who fall further behind every year due to rising costs.
 
There is no way to reflect anyone’s actual cost of living so colas are linked to a industry stand so to speak based on 1500 mini economies,some of which may see nothing like you do .

rents fell here in nyc by almost 20% and for millions there were no increases at all ..that is very different hen other areas
 
mathjak107 said:
There is no way to reflect anyone’s actual cost of living so colas are linked to a industry stand so to speak based on 1500 mini economies,some of which may see nothing like you do .

rents fell here in nyc by almost 20% and for millions there were no increases at all ..that is very different hen other areas
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Guess the rents went down there from the ridiculous to the "I can't believe it" price levels then...lol.
 
Think a lot of folks want to move away from the crowded urban areas to get more "space" both inside their homes and outside ...green grass even and just more distance between them and others if possible after enduring crowded covid living conditions for over a year. Being cooped up and saving their money gave them a leg up to do it...to say nothing of the incredibly low interest rates.
 
Liberty said:
Guess the rents went down there from the ridiculous to the "I can't believe it" price levels then...lol.
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Remember , half of all rentals in nyc are stabilized …while all are not necessarily below market they are capped by what the stabilization board votes on so that is a good thing ..the rest of the open market has to stay competitive rent wise
 
we went through loads of lumber because of the rioting , the wild fires , booming construction , plus loss of workers , plant shut downs and illness..we can see pent up demand for a while …but as you see when supplies adjust prices plunge. A lot of the price increases are supply chain issues and will self alleviate
 
I was at the local hardware store, this morning, and while there, I looked at the price of an ordinary 8 ft. 2X4....they wanted $8.29. When I got home, I looked at the prices, online, at the nearest Lowe's....they want $8.79. It's no wonder that the price of lumber is adding 10's of thousands of dollars to the price of new homes. The last time I bought a 2X4, I doubt that I paid much more than a dollar.....about 6 or 7 years ago.

This pandemic has turned the world upside down.
 
Funny, (not really), there ain't no shortage if you got the money. :mad: Our close by Home Depot.
Now I see 3" Chlorine tablets have soared in price. Bought 50 lb. bucket last summer for $95.00. SURPRISE... 50 lb. is now $300.00 and up and that's if you can find it. :mad::mad:
Folks, this is called runaway mega inflation.

NOTICE THERE IS PLENTY OF SUPPLY. PRICE DROP???NOT!
$64.24 A SHEET. HOME DEPOT 6/13/21
Common: 19/32 in. x 4 ft. x 8 ft., Actual: 0.578 in. x 47.75 in. x 95.75 in. Oriented Strand Board.
194 in stock
Aisle 58
 
Keesha said:
Lockdowns proved to isolate the virus and greatly reduce deaths and keep people out of hospital.
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That's total nonsense. No virus has ever been isolated apart from uncontaminated genetic material, which is a requirement
to prove there's a virus. Yet that has never been done, not for any of the imaginary make believe viruses, which therefore, don't exist.
Thus, no one has had nor died from a covid19 virus. Many people died who were murdered in hospitals, but that has nothing to do with a virus.
Koch's Postulates <-- and the fake virus testing;
Refutation of the theory of viruses <-- which has been known from the very beginning;
Exosomes or viruses <-- which one of these actually makes any sense;
Vaccinations <-- where the current cases are coming from (plus the fake testing).
 
John cycling said:
That's total nonsense. No virus has ever been isolated apart from uncontaminated genetic material, which is a requirement
to prove there's a virus. Yet that has never been done, not for any of the imaginary make believe viruses, which therefore, don't exist.
Thus, no one has had nor died from a covid19 virus. Many people died who were murdered in hospitals, but that has nothing to do with a virus.
Koch's Postulates <-- and the fake virus testing;
Refutation of the theory of viruses <-- which has been known from the very beginning;
Exosomes or viruses <-- which one of these actually makes any sense;
Vaccinations <-- where the current cases are coming from (plus the fake testing).
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… okay! 😵‍
I truly don’t care that much
…… yawn 🥱
 

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