Mainecat Posted November 15, 2021 Share Posted November 15, 2021 Have fun …especially you old guys. https://www.bls.gov/data/inflation_calculator.htm Quote Link to comment Share on other sites More sharing options...
MILFMAN Posted November 15, 2021 Share Posted November 15, 2021 Inflation is up 6% since January. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 15, 2021 Share Posted November 15, 2021 What could be bought for $10,000 before covid will now cost $10,692.41. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 15, 2021 Author Share Posted November 15, 2021 1 hour ago, teamgreen02 said: What could be bought for $10,000 before covid will now cost $10,692.41. Yeah but you made 1500.00 on your 401K Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 15, 2021 Share Posted November 15, 2021 Just now, Mainecat said: Yeah but you made 1500.00 on your 401K I'm not retired, I can't pull funds out of my 401k. I can however pull money out of my savings which is at 0.50% when inflation is 6%+. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 15, 2021 Author Share Posted November 15, 2021 1 minute ago, teamgreen02 said: I'm not retired, I can't pull funds out of my 401k. I can however pull money out of my savings which is at 0.50% when inflation is 6%+. So you made $. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 15, 2021 Share Posted November 15, 2021 Just now, Mainecat said: So you made $. So are the people making minimum wage. What's your point? Quote Link to comment Share on other sites More sharing options...
Voodoo Posted November 15, 2021 Share Posted November 15, 2021 (edited) 1 hour ago, Mainecat said: So you made $. ??? Inflation is a bad thing, unless you have surplus goods to be sold. My company just gave us a $2/hr raise. Kinda out of the blue. It equates to a %7.6 raise. Redi-mix concrete truck operators. Truck drivers are unobtainium at this time, so we are hiring anyone with a licence, retaining even piss poor drivers. You literally have to roll a truck over, after many other things that should have got you fired. Normally, raises are negotiated every two years, taking into account inflation, home prices, which have skyrocketed, even in my rural environment, food, taxes etc. I've never seen more than 2 or 3 percent. The negotiations happen in March of 2022, so this is simply a pre top up. I simply could, in no way shape or form, afford to buy my home now. Even if I didn't upgrade it, which I have at that lesser cost. It was a home most people could afford, even on a modest wage, with a family. Land prices have gone loopy. A half acre in a desirable subdivision sold a few years ago for 40k. A 1/2 acre lot, beside a power line, with restrictions so you have to build close to the road, just sold for 130k I used to find a nice home could be built for $200/sq foot. I've been told a basic home is now $400/sq foot. No one wins in this scenario, unless you own everything you have and want for nothing. I truly feel bad for those that are getting into the market now. They are paying a massive premium, and it may not increase in value anywhere near the value of those in the market for 15 or so years, Edited November 15, 2021 by Voodoo Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 15, 2021 Author Share Posted November 15, 2021 43 minutes ago, Voodoo said: ??? Inflation is a bad thing, unless you have surplus goods to be sold. My company just gave us a $2/hr raise. Kinda out of the blue. It equates to a %7.6 raise. Redi-mix concrete truck operators. Truck drivers are unobtainium at this time, so we are hiring anyone with a licence, retaining even piss poor drivers. You literally have to roll a truck over, after many other things that should have got you fired. Normally, raises are negotiated every two years, taking into account inflation, home prices, which have skyrocketed, even in my rural environment, food, taxes etc. I've never seen more than 2 or 3 percent. The negotiations happen in March of 2022, so this is simply a pre top up. I simply could, in no way shape or form, afford to buy my home now. Even if I didn't upgrade it, which I have at that lesser cost. It was a home most people could afford, even on a modest wage, with a family. Land prices have gone loopy. A half acre in a desirable subdivision sold a few years ago for 40k. A 1/2 acre lot, beside a power line, with restrictions so you have to build close to the road, just sold for 130k I used to find a nice home could be built for $200/sq foot. I've been told a basic home is now $400/sq foot. No one wins in this scenario, unless you own everything you have and want for nothing. I truly feel bad for those that are getting into the market now. They are paying a massive premium, and it may not increase in value anywhere near the value of those in the market for 15 or so years, I bought brand new sleds for 1250.00 before and lived through the 80’s, 90’s nuttiness. Mortgage Interest of 17.5% during Reagan. it’s up it’s down….it is what it is. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 15, 2021 Share Posted November 15, 2021 20 minutes ago, Mainecat said: I bought brand new sleds for 1250.00 before and lived through the 80’s, 90’s nuttiness. Mortgage Interest of 17.5% during Reagan. it’s up it’s down….it is what it is. Thanks Jimmy!!! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 16, 2021 Author Share Posted November 16, 2021 54 minutes ago, Snake said: Thanks Jimmy!!! It was Reagan’s fourth year. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 16, 2021 Share Posted November 16, 2021 13 minutes ago, Mainecat said: It was Reagan’s fourth year. I reject your reality and substitute my own. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 16, 2021 Share Posted November 16, 2021 6 hours ago, teamgreen02 said: What could be bought for $10,000 before covid will now cost $10,692.41. Some stuff yes other stuff more like 10 to 15% in less than 12 mo Quote Link to comment Share on other sites More sharing options...
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