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Welcome to accelerating Depreciation.

Profile picture for Aldreth
Contributions: 4233
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Since August 2009

It Would Be the Epitome of Complacency to Assume Double-Digit Inflation Is Not in the Cards

 

"remember: The true inflation rate, stripped of the government's cover-ups and shenanigans, could be as much as seven full percentage points higher."

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May 13 2008 - US

Replies (60)

Profile picture for gunner69
Contributions: 506

We dont pay much attention to that stuff here in the northeast. I waited on line at home depot for 30 min this weekend and had to wait 10 min while this guy filled up his escalade and talked on his cell this evening. Before his night minutes kicked in! 

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May 13 2008
Profile picture for gunner69
Contributions: 506

I also spent like 50 bucks to slightly raise the ph level in my pool.

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May 13 2008
Profile picture for gunner69
Contributions: 506

Life goes on. It won't before you know it!

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May 13 2008
Profile picture for gunner69
Contributions: 506

Oh and my daughter is sick. I have more important things to worry about!

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May 13 2008
Profile picture for jmeirhofer

gunner - I have to agree with you.  Every where I go here in the Bay area there is a line and I mean everywhere.  This weekend I took the boat to the lake.  Got there early so as not to have to wait to long to put in and it was still 45min.   We waited nearly an hour and 1/2 to get out.  Got home and put $54 gas in the truck and $47 gas in the boat.  I would imagine every one of the couple hundred other boats out there did the same.

 

Last weekend I called a few places to see about getting an estimate for hardwood floors.  The average wait for measurement was two weeks.  All of them stated it would be about 3 months wait for installation.

 

Oh, and my employer did well enough in 07 to give me a nice double digit raise, same with my wife.  We will be stimulating the crap out of the economy this year.

 

Horde your money and wait for the sky to fall or enjoy life and what it has to offer.   We never know when that last breath will be.  I prefer to have not spent it wonder what could have been.

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May 13 2008
Profile picture for gunner69
Contributions: 506

Honestly aldreth. I went through alot of different periods in my life. I grew up pretty humble in a very small apartment. Made some money and lost it. Made it back again ect..... If i had a nice place i would spend more time at home. If not I would be at the beach all day. At the end of the day I was never really happier or felt worse either way. Life goes on....

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May 13 2008
Profile picture for gunner69
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Last weekend I called a few places to see about getting an estimate for hardwood floors. The average wait for measurement was two weeks. All of them stated it would be about 3 months wait for installation

 

I hear you on that one. I thought these guys were slow? I thought they would be lining up at my door like a lending tree commercial? 

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May 13 2008
Profile picture for gunner69
Contributions: 506

Back to work for me I guess....

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May 13 2008
Profile picture for silent_observer

gunner, you are an old man so you dont care. everyone here is more middle aged so they all care about what happens around them. you also sound like a person with lots of cash around. don't waste your time posting here. enjoy your vacation home and beach front.

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May 13 2008
Profile picture for Aldreth
Contributions: 4233
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Since August 2009

He posts here because he is upside down.

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May 13 2008
Profile picture for Pasadenan
Contributions: 6704
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For all the people that state the CPI is a good measure of "inflation" for the average household, I have not found one yet that can tell me exactly what is in the index, how each item is weighted, and how it compares to their actual spending patterns.  My "experience" has consistently been 7% inflation when looking at the same items over a fairly broad time span.

 

But of course this doesn't reflect market, money policy, and other fluctuations that are provided by the graph presented.

 

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May 13 2008
Profile picture for ghennis00
Contributions: 2463

I love gunner's attitude, "I don't care what you say, I'm stickin my head in the sand and kissin my but goodbye!"

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May 14 2008
Profile picture for azrob
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"I have more important things to worry about, plus my daugher is sick"... and yet... takes the time to post SEVEN times on it!!!! what a tool!

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May 14 2008
Profile picture for DebtsNMesses
Contributions: 6662
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Accelerated inflation on basic necessities makes expensive items, like homes, have accelerated depreciation.

 

I have noticed that once inflation breaks over 15% annually, even the govt can't bring it back under control.

 

A friend of ours is glad he lost the bid on a fence job. His prices increased for supplies 20% last month.

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May 14 2008
Profile picture for ghennis00
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"I have noticed that once inflation breaks over 15% annually, even the govt can't bring it back under control."

 

Exactly which inflation measurement?  antiquated cpi is now about 12%

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May 14 2008
Profile picture for DebtsNMesses
Contributions: 6662
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Last summer it was clocked by me, my hubby's company, and the gold industry at 14-17%. We had a jump in Nov, and another in Jan-Feb-March-April. I cannot believe it's 12%.

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May 14 2008
Profile picture for ghennis00
Contributions: 2463

LOL, well yea.  Depending on how you measure it, you can get an inflation rate of 2%(gov't cpi) or all the way up to 20%, or even 1000% in the future(Zimbabwe) just depending on how you measure.

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May 14 2008
Profile picture for gunner69
Contributions: 506

I thought a tool was a guy who posts all day why he is teaching class! LOL Not at 1am when everyone is asleep!

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May 14 2008
Profile picture for gunner69
Contributions: 506

You can post seven times while you are sleeping AZROB. Should we count yours?

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May 14 2008
Profile picture for jal74
Contributions: 969

Once again - this is a one sided look at inflation. 

 

You have to also look at the other side - deflation.  When a house that cost $600,000 2 years ago sells for $300,000 - the effect of that is deflation.  Given that gas and food represent less than 5% of the household budget, while the cost of housing represents over 20% - the deflationary effect of the current housing price bust will be seen over the next two to three years.

 

Regards

 

 

 

 

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May 14 2008
Profile picture for gunner69
Contributions: 506

Could you please tell me how many degrees you have and how hot your girlfriend is and how much money you have. I would love to here it again!

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May 14 2008
Profile picture for sunshineday

He's too busy with his hot girlfriend to answer you, so I'll answer:  she's pretty hot.  I'm not sure about the degrees or the money, though.

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May 14 2008
Profile picture for ghennis00
Contributions: 2463

LOL

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May 14 2008
Profile picture for gunner69
Contributions: 506

gunner, you are an old man so you dont care

 

Do I sound that old?

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May 14 2008
Profile picture for azrob
Real Estate Agent

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gunner69 = 100's of posts not a shred of information ever... Aldreth and I post graphs, statistics, analysis, things that are valuable for someone thinking of buying a home to consider...

 

You insult aldreth for his work, me for being more educated than you, my girlfriend etc. That's your level of debate? OK, thanks for contributing... Retard.

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May 14 2008
Profile picture for gunner69
Contributions: 506

You ego is slowing down zillows server!

 

PS You post the same thing over and over about the  Arizona real Estate market. Also, I never claimed to be an expert. Just goofing around on here.  Also you teach at community college! LOL

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May 14 2008
Profile picture for gunner69
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Treu

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May 14 2008
Profile picture for gunner69
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i

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May 14 2008
Profile picture for gunner69
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ver

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May 14 2008
Profile picture for gunner69
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et

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May 14 2008

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