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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 146,720 views 1,539 comments
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1306
AD
2024 Aug 18, 4:38pm
AD
2024 Aug 18, 4:38pm
DemocratsAreTotallyFucked says
US median home price increased by by about 3.9% from $165,000 in 2000 to $412,000 in 2024.
I recall about 10 years ago Professor Shiller (of Case-Shiller Index) stating home prices historically have increased by 4% over the last 100 years.
Income was flat, at least for me as there were no wage increases for GS level federal employees from 2010 to 2013.
Average Wage Index was $32,000 in 2000 and in 2022 it was $64,000; hence AWI went up about 2.9% a year from 2000 to 2022.
https://www.ssa.gov/oact/cola/awidevelop.html
So housing has been going up at least 1% more a year compared to wages (or household total income) since 2000 ?
That means other aggregates or segments that are used to calculate annual inflation need to be less than wage inflation. Hence, utilities, transportation, healthcare and food inflation should be 2% if wage inflation is 3%.
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US median home price increased by by about 3.9% from $165,000 in 2000 to $412,000 in 2024.
I recall about 10 years ago Professor Shiller (of Case-Shiller Index) stating home prices historically have increased by 4% over the last 100 years.
Income was flat, at least for me as there were no wage increases for GS level federal employees from 2010 to 2013.
Average Wage Index was $32,000 in 2000 and in 2022 it was $64,000; hence AWI went up about 2.9% a year from 2000 to 2022.
https://www.ssa.gov/oact/cola/awidevelop.html
So housing has been going up at least 1% more a year compared to wages (or household total income) since 2000 ?
That means other aggregates or segments that are used to calculate annual inflation need to be less than wage inflation. Hence, utilities, transportation, healthcare and food inflation should be 2% if wage inflation is 3%.
.
1315
AD
2024 Aug 19, 8:13am
AD
2024 Aug 19, 8:13am
Back in late 2019, chicken legs were 99 cents per pound at Walmart on Front Beach Road in Panama City Beach. They are now $1.26 a pound.
1321
DOGEWontAmountToShit
2024 Aug 20, 1:26pm
DOGEWontAmountToShit
2024 Aug 20, 1:26pm
The_Deplorable says
And we are starting to do what he is stopping.
We STOPPED Printing Money
https://x.com/CilComLFC/status/1825299191662567920
And we are starting to do what he is stopping.
1326
Patrick
2024 Aug 22, 8:57am
Patrick
2024 Aug 22, 8:57am
zzyzzx says
@zzyzzx, where do you get these inflation pictures?
YouTube plaque getting smaller as well:
@zzyzzx, where do you get these inflation pictures?
1327
zzyzzx
2024 Aug 22, 9:16am
zzyzzx
2024 Aug 22, 9:16am
Patrick says
@Patrick https://www.reddit.com/r/shrinkflation/new/
zzyzzx, where do you get these inflation pictures?
@Patrick https://www.reddit.com/r/shrinkflation/new/
1329
AD
2024 Aug 22, 11:15pm
AD
2024 Aug 22, 11:15pm
zzyzzx says
Its about $12 for a foot long meatball marinana sub at Subway in Panama City Beach. Use to be $5 in 2014, hence it increased about 11% a year in price :-/
I heard this week about the Subway CEO warning franchise owners about the survival of the company
This is from 2023: https://nypost.com/2023/08/28/subway-foot-traffic-crumbles-more-than-20-as-sandwich-maker-oks-9-6b-sale-data/
.
Sub sandwich no longer fits the container:
Its about $12 for a foot long meatball marinana sub at Subway in Panama City Beach. Use to be $5 in 2014, hence it increased about 11% a year in price :-/
I heard this week about the Subway CEO warning franchise owners about the survival of the company
This is from 2023: https://nypost.com/2023/08/28/subway-foot-traffic-crumbles-more-than-20-as-sandwich-maker-oks-9-6b-sale-data/
.
1342
AD
2024 Aug 24, 12:27am
AD
2024 Aug 24, 12:27am
Housing Affordability Index (source data from https://www.nar.realtor/research-and-statistics/housing-statistics/housing-affordability-index)
I believe housing accounts for about 35% of Consumer Price Index (CPI)
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I believe housing accounts for about 35% of Consumer Price Index (CPI)
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1344
HeadSet
2024 Aug 24, 10:50am
HeadSet
2024 Aug 24, 10:50am
AD says
No first-time buyers means no trade up buyers either. Prices will have to drop, or folks will have to double up to buy a house.
No first-time buyers means no trade up buyers either. Prices will have to drop, or folks will have to double up to buy a house.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net