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re: Why do people 50+ disregard inflation calculators?
Posted on 5/29/19 at 8:07 pm to fallguy_1978
Posted on 5/29/19 at 8:07 pm to fallguy_1978
Eta: dominos located in a nola hood:
That's the price before taxes, delivery fee and tip
This post was edited on 5/29/19 at 8:13 pm
2
Posted on 5/29/19 at 8:13 pm to JohnnyKilroy
Looks like you are getting shitty prices. I ordered 2 large, cheesticks and a two liter last Friday from Dominos for $20 when I had extra kids at my house.
Pizza isn't more expensive adjusting for inflation. A one topping carry out when I was in HS 23 years ago was $5 and it was a great deal. You can easily find that for $7-8 now from most of the national chains at any given time.
Pizza isn't more expensive adjusting for inflation. A one topping carry out when I was in HS 23 years ago was $5 and it was a great deal. You can easily find that for $7-8 now from most of the national chains at any given time.
Posted on 5/29/19 at 8:18 pm to JohnnyKilroy
Are you trying to tell me that an individual franchise can charge their own premium for their pizza?
The difference between 1985 and today... I literally had 1 option for delivery back then.
Now, I have 8 pizza joints within 10 minutes.
Only mellow mushroom and johnnys pizza are in the upper price range (MODs is only a large personal pan, though.)
The difference between 1985 and today... I literally had 1 option for delivery back then.
Now, I have 8 pizza joints within 10 minutes.
Only mellow mushroom and johnnys pizza are in the upper price range (MODs is only a large personal pan, though.)
Posted on 5/29/19 at 8:20 pm to fallguy_1978
quote:
Looks like you are getting shitty prices. I ordered 2 large, cheesticks and a two liter last Friday from Dominos for $20 when I had extra kids at my house.
Pizza isn't more expensive adjusting for inflation. A one topping carry out when I was in HS 23 years ago was $5 and it was a great deal. You can easily find that for $7-8 now from most of the national chains at any given time.
Yeah. The study-buddy from Gumbys in Athens was $3 for a 1 topping large back in the 90s.
There is a difference in locations (college town prices versus suburbs)
Posted on 5/29/19 at 8:25 pm to fallguy_1978
quote:
Looks like you are getting shitty prices. I ordered 2 large, cheesticks and a two liter last Friday from Dominos for $20 when I had extra kids at my house.
This is with the 10 dollar coupon but before tax. St. George area.
Posted on 5/29/19 at 8:29 pm to meansonny
quote:
Yeah. The study-buddy from Gumbys in Athens was $3 for a 1 topping large back in the 90s. There is a difference in locations (college town prices versus suburbs)
Athens, Georgia:
Posted on 5/29/19 at 9:10 pm to lsunurse
quote:Not really
New grad nurses make more than that.
Average starting RN salary here in south Louisiana is right at $23 an hour
Posted on 5/29/19 at 9:14 pm to lsupride87
Aw shite you’re about to catch hell
Posted on 5/29/19 at 9:15 pm to LB84
Federal fricking Reserve.
Posted on 5/29/19 at 9:20 pm to LB84
Is this yet another thread from a millennial who erroneously believes he has it harder than that dude who keeps yelling “ get off my lawn” had it back when he was the same age?
Posted on 5/29/19 at 9:26 pm to TH03
quote:
For a median home price of $47k in 1980.
Which is $145k today.
If you do the math you would realize that you didnt really make much of a point or you dont understand that (a 30 yr loan of 47k at 15% vs 145k at 4.5%) paying a total of 258k in 1980 is kind of worse than paying 345k in 2019.
Posted on 5/29/19 at 9:31 pm to hogminer
quote:Except 145k isn’t the median home price today jackass
If you do the math you would realize that you didnt really make much of a point or you dont understand that (a 30 yr loan of 47k at 15% vs 145k at 4.5%) paying a total of 258k in 1980 is kind of worse than paying 345k in 2019.
Rework your comparison using today’s median home price at 4.5%
Posted on 5/29/19 at 10:04 pm to lsupride87
The total cost of a home at the US median price is 395k. 372k in principal and interest (30 years 4.5%) and 23k in down payment.
Median home price in the US is currently 227k. 227k is about 70k in 1980. So the median home price is roughly 50% higher today than 1980 AFTER adjusting for inflation.
Median home price in the US is currently 227k. 227k is about 70k in 1980. So the median home price is roughly 50% higher today than 1980 AFTER adjusting for inflation.
This post was edited on 5/29/19 at 10:09 pm
Posted on 5/29/19 at 10:06 pm to lsupride87
quote:
Except 145k isn’t the median home price today jackass
It's 200k.
Posted on 5/29/19 at 10:09 pm to fallguy_1978
quote:
It's 200k.
227k
Posted on 5/29/19 at 10:20 pm to JohnnyKilroy
quote:
Median home price in the US is currently 227k. 227k is about 70k in 1980. So the median home price is roughly 50% higher today than 1980 AFTER adjusting for inflation.
That 70k at 15% would still be far more expensive than 227k at 4% adjusting for inflation.
ETA - may have misunderstood your point. Either way, I did the math calculation earlier and a 47k house at 18% in 1980 is roughly the same as a 450k house today at 4%. You aren't paying more for housing than people in that era unless you just have to live in San Francisco.
This post was edited on 5/29/19 at 10:26 pm
Posted on 5/29/19 at 10:31 pm to fallguy_1978
quote:
That 70k at 15% would still be far more expensive than 227k at 4% adjusting for inflation.
That's not how it works though.
Because that 475/month in principal and interest that the for the 1980 house might be median in 1980, but dirt fricking cheap by the time you get to the end of the term length. And that's assuming this homeowner NEVER refinanced under lower rates.
You don't pay the entire cost of the loan up front, so it makes no sense to compare the total cost based on the value of a dollar at the time the loan was created.
Posted on 5/29/19 at 10:33 pm to fallguy_1978
You're a millennial, no?
Posted on 5/29/19 at 10:34 pm to JohnnyKilroy
quote:
Because that 475/month in principal and interest that the for the 1980 house might be median in 1980, but dirt fricking cheap by the time you get to the end of the term length. And that's assuming this homeowner NEVER refinanced under lower rates.
7% was still a decent rate in 2006 when I bought my first house. We have had historic low rates for over a decade. Difference between a 4-7% jump on 200k is $955 vs $1331
Posted on 5/29/19 at 10:35 pm to Dandy Lion
quote:
You're a millennial, no?
No. I'm 41 so a few years into GenX
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