patrick.net

It's all Bidens fault!!!

Comcast raises price of service in 2021 as well.

https://www.engadget.com/comcast-price-hike-tv-internet-100116915.html

Please post rising prices in this thread as you discover them both in your backyard/personal experience and in print/publications.

Prices are going up and the result is going to be that eventually many will not be able to afford to eat on their own income and few will be able afford gas for their car. I’ll be shocked if in 10 years or less this does not all become reality.

Car prices are rising fast.

https://www.cnn.com/2021/04/21/business/car-prices-record-high-short-supply/index.html

PeopleUnited says

Car prices are rising fast.

https://www.cnn.com/2021/04/21/business/car-prices-record-high-short-supply/index.html

Funny, when the pandemic hit, I'd been thinking of selling one of my vehicles due to lack of use. Both of my vehicles are relatively new. But they seem to have somehow turned into a weird ass inflation hedge, so I'm just gonna hold. Plus, I like my Tacoma.

Biden has pledged a 50% reduction in greenhouse gas emissions from the US by 2030.

https://www.msn.com/en-us/news/politics/president-biden-to-call-for-50percent-reduction-in-us-greenhouse-gas-emissions-at-climate-summit/ar-BB1fVp3X?li=BBnb7Kz

This is how our greenhouse gases are created by sector.

https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions

It looks like he is planning either a colossal extinction event(s) or an economic collapse equivalent to the fall of the Soviet Union's.

I noticed that gasoline has risen too.

This is an invisible tax on the working poor who must drive to work in order to live.

My car is interesting because it was a luxury car in 2013 but it now is worth $10,000.

joshuatrio says

PeopleUnited says

Car prices are rising fast.

https://www.cnn.com/2021/04/21/business/car-prices-record-high-short-supply/index.html

Funny, when the pandemic hit, I'd been thinking of selling one of my vehicles due to lack of use. Both of my vehicles are relatively new. But they seem to have somehow turned into a weird ass inflation hedge, so I'm just gonna hold. Plus, I like my Tacoma.

Good choice on the Tacoma. We just got a slightly used Sequoia about 2 weeks ago. I got a Toyota "guy" so to speak and have been in pretty much any Toyota or Lexus you can think of. He gets to use the pool cars, manufacturer plates, not dealer. He trains the dealership sales people on the cars.

So he'll have a minivan for two days, which he gets shit for, and then a Supra or some other crazy car. Got the Cubs car for a neighbors birthday they use for marketing. His wife can't drive the M plates due to company rules, but she just picked up a decked out 4 Runner.

The Sequoia was 22k miles and $32k. A fucking insane deal. Should or would have been $45k or so on open market. Gas milage blows on it, but company pays for it. "My" car is now a Nissan Armada, so we have to tanks in the driveway that guzzle gas.

Oh well. Biden can suck limp dick. Once the stimulus burns out I think prices will start to drop. Hopefully. Stimulus does nothing if everything just gets more expensive. Democrats aren't logical though. So we'll see.

joshuatrio says

But they seem to have somehow turned into a weird ass inflation hedge, so I'm just gonna hold

This situation is temporary...
I would avoid buying any new or used vehicles for the rest of this year at the very least.

Let's say a vehicle gets 25 mpg.

Even at $25 per gallon, it means $1 per mile to haul a week's worth of groceries, or a carload (or minivanload) of kids to school or sports practice, or an elderly person to an appointment. Quickly, in relative comfort and safety, not exposed to the weather.

For what you get for what you pay, even $1 per mile is the bargain of the millenia.

zzyzzx says

I would avoid buying any new or used vehicles for the rest of this year at the very least.

I'd agree with that as well. I got an insider deal, but I'd stay out of the car market until this stimulus has burned out. It still had to be processed at the dealership and the manager had been eyeing our car. He was slightly a dick about it, though I believe/hope it was just sarcasm. Best car buying experience though. We were there 20 minutes. No hard sales on warranties and shit like that.

Tip: Find someone that works in a higher up position with an auto manufacturer, not dealership. We walked out the door with a more valuable car. Not a car guy and pissed about what we paid, but in the car world we got a massive deal.

joshuatrio says

Funny, when the pandemic hit, I'd been thinking of selling one of my vehicles due to lack of use. Both of my vehicles are relatively new. But they seem to have somehow turned into a weird ass inflation hedge, so I'm just gonna hold.

One of my cars is a 20 yo jalopy with 1/4 million miles on the clock. Since last March it has doubled in value if we are to believe KBB. It's not some kind if rare exotic either.

joshuatrio says

they seem to have somehow turned into a weird ass inflation hedge

A weird ass inflation hedge with a negative cash flow.

(unless they are paying for themselves like driving for Uber, etc).

B.A.C.A.H. says

A weird ass inflation hedge with a negative cash flow.

(unless they are paying for themselves like driving for Uber, etc).

If it goes up in value it's not different from an owner-occupied house in this regard, lol. You pay for transportation one way or another anyway. =))

FuckCCP89 says

One of my cars is a 20 yo jalopy with 1/4 million miles on the clock. Since last March it has doubled in value if we are to believe KBB. It's not some kind if rare exotic either.

I might sell my beater open market. We didn't trade in because that's bull shit anyway. I've got a 2009 Versa. Works perfect. New brakes. Some cosmetic slight rusting due to salt, but otherwise is a perfectly fine car. Given we have gives (edit: kids. lol) and cloth seats it's not even stained (somehow).

Manual transmission is the only issue. Soy boys don't know how to do that. And the younger age bracket would be the market for it. 200k miles and the last mechanic I was at asked when I replaced the clutch. I said never. The look on his face was priceless.

And before anyone throws shit at me, I kept the car because I was working in Chicago. If you're smart, you don't roll in an expensive or nice looking car. I'm also massively frugal so I can work less. Cars are expensive and only serve one purpose. A to B. I don't need my ego stroked by others.

If prices go up, Biden will simply increase the size of the stimulus checks to make it fair (Yes politicians really think that way. That's how things like Zimbabwe & Venezuela happen).

Also, he will introduce a carbon tax. He will then increase the refundable tax credits for those below a certain earnings thresh hold. (This is how they do things in Euroland and OZ). The politicians there never wonder why their countries' CO2 emissions don't decrease.

Then more stimulus checks (this is the Bernie Sander's method of keeping Biden's campaign promise not to increase taxes on those making less than $400k per year). Just give the people more than $400k per year in "free" money from the government. If they complain about being taxed...you guessed it just send more money.

... and don't forget about those monthly reparation checks...they are sure going to be a winner.

Misc says

Also, he will introduce a carbon tax.

But only for couples making over $200,000.

Right?

Onvacation says

Misc says

Also, he will introduce a carbon tax.

But only for couples making over $200,000.

Right?

No, that's only for corporations. They would never pass on the costs to the consumers.

lol. I swear Dems have never owned a business. My costs go up, so do my customers. I ain't paying that shit to government. It's not that complicated, but has been going on for decades.

We need to cut our government worker benefits. Pay them the same or even more for all I care. But until you're required to take care of yourself, you never understand how the rest of us have it. No more pensions. No more golden health care packages. Public employees are paid MORE than most W-2 private sector workers. So that myth is shit that government workers take less.

Until that happens, we'll have a vast segment of the population that doesn't fucking understand and that is by design. Throw welfare on it and it's worse. It's impossible to change the system. I'm not biased either. My mom as a teacher. Her fucking pension is obscene. My uncle double dipped and is one of the highest paid people in IL sitting on his ass. I love them, but it's bull shit. And they both have liberal views. My uncle will live to 100 probably collecting $300k/yr. Doing nothing productive. They don't even leave the fucking house.

This is why I lean libertarian. Get government the fuck out of our lives. Sorry if it benefits you, but I'm sick of paying welfare to government workers while I get shit.

WookieMan says

Until that happens, we'll have a vast segment of the population that doesn't fucking understand and that is by design.

I wonder what percentage of people are on some form of disability or welfare. I continually find out that yet another person I run across is on disability/welfare, either from non obvious injuries (like some hearing loss) or something like financial support for raising a special needs child.

HeadSet says

I continually find out that yet another person I run across is on disability/welfare, either from non obvious injuries (like some hearing loss) or something like financial support for raising a special needs child.

You'll never find this out. The stats are fucked. My nephew is labeled as poor and his mom gets food stamps but we take care of him. Anything he wants he gets. Our systems are fucked up.

I have a logbook where I track my truck's fuel consumption, going back 15 years when I got the truck. I also record the price I paid, so we can calculate the price per gallon.

May 15, 2006: $3.31 per gallon.
April 03, 2021: $3.36 per gallon.

During those 15 years the state of California has added several tax increases. All the taxes are included in the price paid per gallon. It means that the actual fuel cost before taxes is a bit lower than 15 years ago.

No inflation here.

B.A.C.A.H. says

No inflation here.

I'd agree. Inflation lags in certain sectors though. The price of a lot of products is way up though. Shit, my beer is up at least 10-20%. Cars are up for sure. Inflation is happening, but it will burn out soon once stimulus is churned through.