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Started By
Message
Are you altering purchases due to inflation?
Posted on 7/11/21 at 11:58 am
Posted on 7/11/21 at 11:58 am
I found myself buying the cheaper ground beef for hamburgers yesterday.
On a much grander scale, I have a friend who stopped his plans for building a new house due to marked increases in home building.
How about you?
Buying a cheaper vehicle? Putting off buying electronics? Not buying steak?
Or frankly not caring and still getting whatever?
On a much grander scale, I have a friend who stopped his plans for building a new house due to marked increases in home building.
How about you?
Buying a cheaper vehicle? Putting off buying electronics? Not buying steak?
Or frankly not caring and still getting whatever?
47
Posted on 7/11/21 at 11:59 am to East Coast Band
We have to hold up on vehicle purchases.
The worst thing for me is the price of beef. I only eat beef, chicken and salmon, nothing else.
The worst thing for me is the price of beef. I only eat beef, chicken and salmon, nothing else.
Posted on 7/11/21 at 12:00 pm to East Coast Band
Yes
Planning on another car and a new condo, but putting both off for at least a year.
Planning on another car and a new condo, but putting both off for at least a year.
Posted on 7/11/21 at 12:01 pm to East Coast Band
No. Inflation is eternal. Life is not.
Posted on 7/11/21 at 12:01 pm to East Coast Band
I had to cancel my tigerdroppings premium subscription
Posted on 7/11/21 at 12:01 pm to RogerTheShrubber
A condo and car are not driven by inflation...
Posted on 7/11/21 at 12:02 pm to lynxcat
quote:
A condo and car are not driven by inflation...
Locally, they are absolutely being driven by inflation. Its a micro economy due to the isolation.
Material prices put the condo project on hold.
This post was edited on 7/11/21 at 12:05 pm
Posted on 7/11/21 at 12:04 pm to East Coast Band
My crypto portfolio has gone from basically 0% to like 5% of my net worth and I’ve upped my 401(k) contribution big time
Other than that, nah just living life as usual. My mortgage will act as a hedge against dollar devaluation and I already have all the material possessions I really want
Other than that, nah just living life as usual. My mortgage will act as a hedge against dollar devaluation and I already have all the material possessions I really want
This post was edited on 7/11/21 at 12:05 pm
Posted on 7/11/21 at 12:04 pm to RogerTheShrubber
I'm fortunate that I'm not in the position to be buying a home right now so this insane housing market isn't really affecting me. BUT, I hope to be looking in about 2 years. I hope that it's settled by then. With a home, I'll feel a little better about the inflation we're seeing.
It's real, it's definitely real. EVERYTHING is going up in price except my paycheck. I feel it every time I go to the grocery store it seems that several things cost more. I'm a simple man that usually buys the same things, give or take a few items. Slowly ticking up, damn near every month.
It's real, it's definitely real. EVERYTHING is going up in price except my paycheck. I feel it every time I go to the grocery store it seems that several things cost more. I'm a simple man that usually buys the same things, give or take a few items. Slowly ticking up, damn near every month.
Posted on 7/11/21 at 12:06 pm to supadave3
quote:
It's real, it's definitely real. EVERYTHING is going up
Prices are unbelievable. Almost all new construction is in a hiatus. Groceries are ridiculous.
Posted on 7/11/21 at 12:08 pm to East Coast Band
Was planning a pool and outdoor kitchen addition but contractors are a year out and materials are sky high., so I’ve put it off for a bit.
Posted on 7/11/21 at 12:09 pm to LSU Coyote
quote:
I only eat beef, chicken and salmon, nothing else.
sounds like you haven't been hungry enough to find something else
Posted on 7/11/21 at 12:09 pm to East Coast Band
New construction (eg, lumber prices) will cost you in nominal housing price and finance costs to the tune of 10's of thousands. That hurts just typing it much less if buying new construction home right now.
Give me the half side of beef all day long before new construction home right now!
Give me the half side of beef all day long before new construction home right now!
Posted on 7/11/21 at 12:09 pm to East Coast Band
Not caring and still getting whatever.
Posted on 7/11/21 at 12:10 pm to Doctor Strangelove
quote:
Was planning a pool and outdoor kitchen addition but contractors are a year out and materials are sky high.,
That's what the issue is here. Material prices are so high, no one is building. Forces existing real estate prices into the stratosphere.
Posted on 7/11/21 at 12:11 pm to East Coast Band
Nope. If I were making any major purchases I probably would have had second thoughts, but I'm for damn sure not passing up purchasing good ground beef, steaks, etc because it's a little more expensive.
Posted on 7/11/21 at 12:12 pm to East Coast Band
We don't go out to eat as often. Out here, two entrees plus tax and tip is pushing $40 no matter where you go. And we like to have a couple of drinks, so that pushes it up to $60. So we do stay home and cook more now.
Posted on 7/11/21 at 12:12 pm to East Coast Band
Restaurant prices have gone up at least 20%. Every time we go out to eat I’m shocked by some of the prices
Posted on 7/11/21 at 12:17 pm to East Coast Band
I've been wanting some cube steak and gravy over rice for a while, but every time I've been to the store over the past few months cube steak has been almost $9 a pound. I ain't paying that much for cube steak.
Posted on 7/11/21 at 12:19 pm to East Coast Band
Putting off buying an SUV.
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