osxmatt Posted May 3, 2023 Share Posted May 3, 2023 I’m no expert in monetary policy, and it’s been a few months since I’ve heard Powell speak, but during today’s news conference it really struck me that he has absolutely no idea what he’s doing or what is happening in the economy. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 3, 2023 Share Posted May 3, 2023 1 hour ago, osxmatt said: I’m no expert in monetary policy, and it’s been a few months since I’ve heard Powell speak, but during today’s news conference it really struck me that he has absolutely no idea what he’s doing or what is happening in the economy. It's entirely possible that the constructs that have underpinned economic theory for several decades simply no longer apply to the degree they once did. 1 1 Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted May 3, 2023 Share Posted May 3, 2023 I wonder if corporate greed following how much the market was able to absorb following COVID is contributing here. Why Is Inflation So Sticky? It Could Be Corporate Profits WWW.WSJ.COM Some companies might have been raising prices faster than their costs have increased Quote Link to comment Share on other sites More sharing options...
Bacon Posted May 3, 2023 Share Posted May 3, 2023 Chocolate milk came down a few cents. Popeyes went up another buck. The price of my Japanese lube didn't go up but the onahole I bought in 2020 has gone up by $6.46 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted May 3, 2023 Share Posted May 3, 2023 Based on corporate profits, I don't see how greedflation can be denied by anyone. 1 Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted May 3, 2023 Share Posted May 3, 2023 1 hour ago, Bacon said: Chocolate milk came down a few cents. Popeyes went up another buck. The price of my Japanese lube didn't go up but the onahole I bought in 2020 has gone up by $6.46 Quote Link to comment Share on other sites More sharing options...
Bacon Posted May 3, 2023 Share Posted May 3, 2023 2 minutes ago, LazyPiranha said: Quote Link to comment Share on other sites More sharing options...
S3xB0t Posted May 4, 2023 Share Posted May 4, 2023 6 hours ago, CitizenVectron said: Based on corporate profits, I don't see how greedflation can be denied by anyone. We don’t have to look any further than the cost of a bag of Funyuns. $5.49?! Are you kidding me? I’d do anything to go back to the days where I thought $3.99 for a bag of onion-flavored air was expensive. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 19, 2023 Share Posted May 19, 2023 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted June 14, 2023 Share Posted June 14, 2023 Fed leaves rates unchanged for first time since March 2022 https://www.washingtonpost.com/business/2023/06/14/fed-expected-leave-rates-unchanged-first-time-since-march-2022/ Quote Link to comment Share on other sites More sharing options...
osxmatt Posted June 14, 2023 Share Posted June 14, 2023 54 minutes ago, Jason said: Fed leaves rates unchanged for first time since March 2022 https://www.washingtonpost.com/business/2023/06/14/fed-expected-leave-rates-unchanged-first-time-since-march-2022/ Powell also said he could see up to two additional hikes this year. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 14, 2023 Share Posted June 14, 2023 5 minutes ago, osxmatt said: Powell also said he could see up to two additional hikes this year. And the stock market did NOT like that at all! Quote Link to comment Share on other sites More sharing options...
Jason Posted July 26, 2023 Share Posted July 26, 2023 https://www.washingtonpost.com/business/2023/07/26/fed-july-interest-rate-hike/ Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted July 26, 2023 Share Posted July 26, 2023 My starter house is fast becoming my forever house. My mortgage with todays rates would make me house poor, I have no idea how anyone is buying anything right now. 3 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 26, 2023 Share Posted July 26, 2023 38 minutes ago, TUFKAK said: My starter house is fast becoming my forever house. My mortgage with todays rates would make me house poor, I have no idea how anyone is buying anything right now. I will probably die in this house for that reason Quote Link to comment Share on other sites More sharing options...
stepee Posted July 27, 2023 Share Posted July 27, 2023 6 hours ago, Jason said: https://www.washingtonpost.com/business/2023/07/26/fed-july-interest-rate-hike/ yesssss Quote Link to comment Share on other sites More sharing options...
CastlevaniaNut18 Posted July 27, 2023 Share Posted July 27, 2023 I never completely understood the idea of a starter house. Love my house and I’ll live here forever, unless I decide to move to another state. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted July 27, 2023 Share Posted July 27, 2023 1 minute ago, CastlevaniaNut18 said: I never completely understood the idea of a starter house. Love my house and I’ll live here forever, unless I decide to move to another state. That’s the reason lol as soon as I retire I’m leaving the bay. Quote Link to comment Share on other sites More sharing options...
stepee Posted July 27, 2023 Share Posted July 27, 2023 1 hour ago, TUFKAK said: My starter house is fast becoming my forever house. My mortgage with todays rates would make me house poor, I have no idea how anyone is buying anything right now. I’ve completely abandoned the idea of home ownership in the bay area once I looked further into it. Even looking at paying all at once, which I wouldn’t do, the total monthly payment is beyond not worth it; especially since I barely even want a house itself. Ill do nice conservative investments elsewhere that Ill feel more comfortable with and not be stuck with something where I can’t even realize the gains anyway. Right now, I’m selfishly happy about this because I’m busy and don’t want to put together the whole plan just yet and it’s easy money. edit: oh and then there’s the insurance issue now Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted July 27, 2023 Share Posted July 27, 2023 7 minutes ago, CastlevaniaNut18 said: I never completely understood the idea of a starter house. Love my house and I’ll live here forever, unless I decide to move to another state. Starter Home Vs. Forever Home: Which Is Right For You? | Rocket Mortgage WWW.ROCKETMORTGAGE.COM A starter home is a small, affordable home for first-time buyers. Find out if it makes... Quote A starter home is a smaller home or condominium bought as a first home. Properties typically have two bedrooms or fewer (or are a small three-bedroom). They also don’t usually have all the amenities you might want or they might be in a less-than-ideal location. This is a popular option with younger homebuyers because it’s less expensive and you can get it without waiting years to save up for a down payment. Buying a starter home can give you the chance to save money and build home equity in a property at the same time – something you can’t do when you rent. A forever home is one that you can imagine living in for a very long time. Unlike a starter home, a forever home has everything (or almost everything) that you might want. For example, it may have a larger kitchen, more bedrooms, a backyard, easy access to public transportation – whatever you envision. Forever homes are more expensive but also have a higher resale value than starter homes. Quote Link to comment Share on other sites More sharing options...
stepee Posted July 27, 2023 Share Posted July 27, 2023 Just now, Remarkableriots said: Starter Home Vs. Forever Home: Which Is Right For You? | Rocket Mortgage WWW.ROCKETMORTGAGE.COM A starter home is a small, affordable home for first-time buyers. Find out if it makes... @CastlevaniaNut18 see, and you thought the internet had no answers! Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 27, 2023 Share Posted July 27, 2023 Quote Link to comment Share on other sites More sharing options...
CastlevaniaNut18 Posted July 27, 2023 Share Posted July 27, 2023 2 minutes ago, stepee said: @CastlevaniaNut18 see, and you thought the internet had no answers! Is this what @Keyser_Soze calls getting "therock'd?" 3 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted July 27, 2023 Share Posted July 27, 2023 11 minutes ago, stepee said: I’ve completely abandoned the idea of home ownership in the bay area once I looked further into it. Even looking at paying all at once, which I wouldn’t do, the total monthly payment is beyond not worth it; especially since I barely even want a house itself. Ill do nice conservative investments elsewhere that Ill feel more comfortable with and not be stuck with something where I can’t even realize the gains anyway. Right now, I’m selfishly happy about this because I’m busy and don’t want to put together the whole plan just yet and it’s easy money. edit: oh and then there’s the insurance issue now I bought for exactly two reasons. Rates were so low during Covid and therefore my mortgage became less than my rent, yeah love that Bay Area life, and as a result I gained an additional asset I can pull from when I retire. Property values are not going down in the bay any time soon and even after this little hiccup I’m right back to being up 10+% since purchase. 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 27, 2023 Share Posted July 27, 2023 6 minutes ago, CastlevaniaNut18 said: Is this what @Keyser_Soze calls getting "therock'd?" We are all therock'd. We have all been therock'd. Blessed be. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted July 27, 2023 Share Posted July 27, 2023 I've given up on the idea of ever owning a house Quote Link to comment Share on other sites More sharing options...
Jason Posted July 27, 2023 Share Posted July 27, 2023 9 minutes ago, Kal-El814 said: We are all therock'd. We have all been therock'd. Blessed be. Fuck you I'm thepaper. Quote Link to comment Share on other sites More sharing options...
stepee Posted July 27, 2023 Share Posted July 27, 2023 8 minutes ago, TUFKAK said: I bought for exactly two reasons. Rates were so low during Covid and therefore my mortgage became less than my rent, yeah love that Bay Area life, and as a result I gained an additional asset I can pull from when I retire. Property values are not going down in the bay any time soon and even after this little hiccup I’m right back to being up 10+% since purchase. Oh yeah there definitely were good times, I only meant as someone going in right now, it looked incredibly unappealing. Glad you were able to get the timing right! Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted July 27, 2023 Share Posted July 27, 2023 12 hours ago, CastlevaniaNut18 said: I never completely understood the idea of a starter house. Love my house and I’ll live here forever, unless I decide to move to another state. From experience you don't buy the starter house thinking of it as a starter house, it becomes a starter house once you realize its too small after you have a kid, if you don't have kids you probably won't have the feeling of your house is too small. The supply of "starter" home sizes is basically gone anymore though, its like everything built in the last 25-30 years is at least 1500 sq ft., and in the last 10 years it seems nothing under 2000 sq. ft. just isn't built anymore, at least around here. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted July 27, 2023 Share Posted July 27, 2023 3 hours ago, PaladinSolo said: From experience you don't buy the starter house thinking of it as a starter house, it becomes a starter house once you realize its too small after you have a kid, if you don't have kids you probably won't have the feeling of your house is too small. The supply of "starter" home sizes is basically gone anymore though, its like everything built in the last 25 years is at least 1500 sq ft., and in the last 10 years it seems nothing under 2000 sq. ft. just isn't built anymore, at least around here. It's crazy to me. When my wife and I started looking for our house, we knew exactly what we wanted: 1,000-1,200 sqft one-storey (with basement). In our city, that means homes built between 1940 and 1980, basically, because since then all the similar-sized homes are all two-storey. My wife has MS, and though her treatments appear to have halted her progression in the last couple of years (🥳), there's still the real possibility that she will have difficulty with mobility in the future, so less stairs = good. I know that Canada doesn't have quite the same sqft inflation in homes that the US does, but it's still bad, and most new suburbs/infill are giant homes. Our home is 1,060 sqft, 1964...and someone bought the lot across the street, split it in two, and built two 2,000 sqft two-storey homes there. I am okay with this because I support dense urban infill (not a NIMBY), but it's also ridiculous how large these are, especially for the neighbourhood. You've got houses like ours going for $300,000-$400,000, and then those going for $700,000+. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 27, 2023 Share Posted July 27, 2023 Anything other than those big expensive single family homes is probably illegal to build so instead of splitting the cost among several more units you get one big, expensive unit 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted July 27, 2023 Share Posted July 27, 2023 19 hours ago, Kal-El814 said: I got ridiculed for posting this masterpiece when it first dropped. 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted July 27, 2023 Share Posted July 27, 2023 1 minute ago, Uaarkson said: I got ridiculed for posting this masterpiece when it first dropped. You are owed apologies. 1 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted August 25, 2023 Share Posted August 25, 2023 Fed Chair Powell calls inflation 'too high' and warns that 'we are prepared to raise rates further' WWW.CNBC.COM Federal Chair Jerome Powell called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 25, 2023 Share Posted August 25, 2023 The beatings will continue until morale improves Quote Link to comment Share on other sites More sharing options...
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