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Message
re: Price Increases are Exhausting
Posted on 2/8/24 at 6:10 pm to Big Scrub TX
Posted on 2/8/24 at 6:10 pm to Big Scrub TX
quote:
I'm one of those that believes my eyes and reality. There is 0% chance that a diversified basket of groceries is up 100% over 2 years. ZERO
I said 50% in a few years and I think that's more accurate than not regardless of whether the CPI says it's 26% in 4 years or whatever.
Posted on 2/8/24 at 6:12 pm to OweO
quote:
This is like all the streaming companies. And the second one increases their prices the others increase their prices. I have Cox cable, they went up on me twice in 4 months, every time they go up I have to call and do the whole dog and pony show telling them it would be cheaper for me to go to a streaming service, they drop the price about $60-$70 then at some the go up again... As if they are trying to catch you slipping.. I guess its the customers fault for all of it because if they go up, we just keep paying.
I definitely believe in this. It's like when Mellow Mushroom first came to town and started charging 13 dollars for a calzone. Within 6 months, all of the calzones at different places in town cost 13 dollars instead of 9 dollars. One is just looking for permission for another.
Posted on 2/8/24 at 6:12 pm to fallguy_1978
quote:Someone else said 100 and you said 50. Neither are true for a diversified basket of groceries. Certain items? Sure.
I said 50% in a few years and I think that's more accurate than not regardless of whether the CPI says it's 26% in 4 years or whatever.
Posted on 2/8/24 at 6:18 pm to Big Scrub TX
Property taxes in Texas are absolutely insane.
$1200-$1500 a month for homes that aren’t even over 700k.
$1200-$1500 a month for homes that aren’t even over 700k.
Posted on 2/8/24 at 6:20 pm to Paul Allen
quote:2.5% sounds about right on the high end.
Property taxes in Texas are absolutely insane.
$1200-$1500 a month for homes that aren’t even over 700k.
Remind me - what's the state income tax there?
Posted on 2/8/24 at 6:20 pm to fallguy_1978
quote:
I said 50% in a few years and I think that's more accurate than not regardless of whether the CPI says it's 26% in 4 years or whatever.
Here’s a decent one
Gross revenue of grocers
Kroger’s 2700+ supermarkets brought in 148B in revenue in 2023. 121B in 2019. 22.3% jump over 4 years.
Albertson’s did 60B in 2019 and 77B in 2023. 28% increase.
Posted on 2/8/24 at 6:21 pm to Macfly
quote:thats the thing. its not just the increases on the surface, its the rate at which it's happening. i think someone else said it in this thread but im making more than ive ever made but also have less than ive ever had because my raises aren't keeping up with the cost of living
The price increases over the last year would normally take about 3 years without the dems.
Posted on 2/8/24 at 6:21 pm to Big Scrub TX
Zero state income tax. Which is a good thing but not when you’re spending 20k a year in property taxes. Sure the public schools are great but in essence you’re paying for a private school tuition with that insane amount of property taxes.
Posted on 2/8/24 at 6:24 pm to Paul Allen
quote:
Zero state income tax. Which is a good thing but not when you’re spending 20k a year in property taxes. Sure the public schools are great but in essence you’re paying for a private school tuition with that insane amount of property taxes.
Let me know the escrow payment differences between a home in south Louisiana and a home in Texas. There ain’t much difference.
Posted on 2/8/24 at 6:42 pm to fallguy_1978
I use the fast food barometer. It's fairly accurate.
Five years ago, Krystals was 5 for $5. Cookout had the 5 dollar meal. Now Krytals is $7.99 and Cookout is $7.58.
I'd say around 50-60 percent
Five years ago, Krystals was 5 for $5. Cookout had the 5 dollar meal. Now Krytals is $7.99 and Cookout is $7.58.
I'd say around 50-60 percent
This post was edited on 2/8/24 at 6:43 pm
Posted on 2/8/24 at 6:47 pm to Big Scrub TX
Pretty much. Just restocking cleaning supplies and toiletries at Walmart is expensive now. Clothes detergent there was higher than at Winn Dixie. I hit $150 there with what I just mentioned and hardly any food as I prefer a regular grocery over Walmart for food. If I buy real food at Winn Dixie I can hit $150 easy using their specials. If I’m careful it will mostly last 2 weeks. I avoid boxed garbage if I can.
Posted on 2/8/24 at 7:04 pm to bad93ex
quote:
Any day now we will be getting work emails about our salaries increasing due to "cost of living."
Annnnny day now …..
Posted on 2/8/24 at 7:13 pm to greenbean
quote:
every restaurant full, every train ride full, every plane full, every attraction full.
I think this has everything to do with not having family dinner time together at home. People have lost the capability to be intimate with the people they live with.
Posted on 2/8/24 at 7:18 pm to AwgustaDawg
Thats a long way to say you are a sheep still on the Biden train. You do you pal
Posted on 2/8/24 at 7:32 pm to Paul Allen
quote:
Zero state income tax. Which is a good thing but not when you’re spending 20k a year in property taxes.
I have always tried to point this out whenever anyone over the years claims that TX is an attractive place to live because “no state income tax”… there may be other reasons TX is attractive to live, but the lack of a state income tax has never been one, due to the property taxes - and not just since inflation, but for many, many years it has canceled out whatever advantage no state income tax is perceived to have ,
Posted on 2/8/24 at 7:38 pm to BK Lounge
Something that amazes me is how many vape shops are open now.Their all over the place now.Lots of tattoos shops also.
Posted on 2/8/24 at 7:40 pm to TigerintheNO
quote:
the bill will come due at some point
I've been hearing this for 25 years though. IDK?
I have siblings who live only for today and don't have a care in the world. I have a pretty good net worth, the wife and I have good jobs, but I stress over the debt situation in China, unrest in Middle East and the vacancy of commercial real estate in downtown areas. Who's better off? I have 10x's more, but my worries are 10x worse.
Posted on 2/8/24 at 8:29 pm to BK Lounge
quote:
it has canceled out whatever advantage no state income tax is perceived to have ,
My state and local tax liability is 15k more in Louisiana than it is in texas for same income and same home value in Jefferson parish.
Posted on 2/8/24 at 8:40 pm to JohnnyKilroy
quote:
Kroger’s 2700+ supermarkets brought in 148B in revenue in 2023. 121B in 2019. 22.3% jump over 4 years. Albertson’s did 60B in 2019 and 77B in 2023. 28% increase.
Now do their gross profit.
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