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My thoughts on inflation after four beers

Posted on 8/10/18 at 7:39 pm
Posted by Harry Rex Vonner
American dissident
Member since Nov 2013
35818 posts
Posted on 8/10/18 at 7:39 pm
If you live in Atlanta or are moving to Atlanta - or Fort Worth or a good neighborhood in Nashville, or Fayetteville/Bentonville AR - you're paying top dollar to rent or you're going to pay top dollar to buy.

Is this simply an event caused by smart owners/investors, trust fund babies, smart financial folks who weren't born with a silver spoon, but bought low earlier...etc...and they're not going to cave to the first-to-tenth offer that comes down the pike. ?

The media is starting to scream about inflation, and I believe it's just inflation caused by a collection of individuals who have the means to hold out.

They're not selling low.

I don't blame them, and thus I believe that doesn't mean there's a frick ton of inflation on the horizon.

I live in Northwest Arkansas, and I consistently toss mailers from investors or agents who state "I WANT TO BUY YOUR HOUSE!" - and when I say toss, I mean I toss them in the trash can. I don't even call them to see what they'll offer, because in reality, I know they will come with some BS offer, in regards to where I live right now.

Long story short - I could sell my house right now for triple what I bought. Maybe quadruple. I don't know. But I also know I could move to Conway, Arkansas and pay what people were paying 4 years ago here in NWA.

So where's the inflation? I could find a job in Conway and move there and bank the big difference in selling my house here and buying a house there. People move to Arkansas from California all the time and do triple what I'm talking about.

If anything, all this is trending to move people out of cities to more toward the country. Good.

The price of meat. Let's cover that quickly. The 4-mile area I'm in is ridiculous. Well, I just found out there's a place across town 6 miles that has the best price of meat in the fricking universe. I'm sampling more of it tonight. The quality might be a tad less, but I sure as hell don't see any local news stories of local folks dying of meat sold at stores with lower prices.

Gasoline? The only sky screaming about gas prices is from #Resist leftist fricktards making a mountain out of a mole hill as usual. Gas prices aren't bad.

Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 8/10/18 at 7:46 pm to
quote:

My thoughts on inflation after four beers
Yeah, have another one.
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 8/10/18 at 8:35 pm to
Inflation is about to come from the carrier shortage and transportation costs that I don’t see decreasing anytime soon.
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 8/10/18 at 10:02 pm to
People don’t understand inflation and think that things should always cost the same.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 8/11/18 at 12:43 am to
quote:

My thoughts on inflation
Your first thoughts should probably have been to learn what inflation is, specifically the who, what, why, where, when, & how of its measurement and calculation since your post makes it seem like you don't have any idea about any of it at all.

Or maybe it's just that you should think about these things and drink at the same time. But take solace that your limiting inflation by not having to buy too many beers if 4 was all it took to reach that level.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 8/11/18 at 1:30 am to
quote:

I live in Northwest Arkansas,
quote:

Long story short - I could sell my house right now for triple what I bought. Maybe quadruple
Well according to the Federal Housing Finance Agency House Price Index, in typical home in the Fayetteville-Springdale-Rogers MSA is worth about 2.57 times more than it was 30 years ago (Q1 1989 to Q1 2018.

Home Price Index Calculator
Posted by Harry Rex Vonner
American dissident
Member since Nov 2013
35818 posts
Posted on 8/11/18 at 1:59 pm to
well the Federal Housing Agency House Price Index is wrong

How about that?
Posted by Harry Rex Vonner
American dissident
Member since Nov 2013
35818 posts
Posted on 8/11/18 at 2:03 pm to
Carrier shortage means power to the drivers who are going to command higher wages and salaries


Reverse of the current powers that be that think they'll always be able to drive their overhead by raping the manufacturers


Power to the people


You all are arguing "what's probably going to happen" since you learned it from your globalist overlords

I'm posting about reality

This post was edited on 8/11/18 at 6:54 pm
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9181 posts
Posted on 8/11/18 at 7:10 pm to
quote:

If you live in Atlanta


Yes, there is a shortage of desirable housing for those wanting to buy, hence the sellers are getting good prices. It's cyclical, although prices for land in new development will drive much higher new/future housing prices and I don't see that changing anytime soon.

quote:

The price of meat. Let's cover that quickly.


You tell me. At Costco a prime full packer brisket is $2.99 a lb here, while a flat choice grade goes for close to $5 a lb and sometimes pushing $6 per lb. There is a lot of fat waste with the prime packer, but that pricing differential is just stupid and the last full packer I bought I literally lost 40% after trimming and cooking, so I went back to choice full packers from Kroger at $2.99. Go figure.
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