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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 120,070 views 1,202 comments
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1199
AD
2024 Jul 1, 11:31pm
AD
2024 Jul 1, 11:31pm
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https://abc7.com/post/state-farm-seeking-30-rate-hike-california-homeowners/15009617/
State Farm raised property insurance rates in California by 20% this year.
They are requesting a 30% increase for next year.
So a 56% increase in 2 years
(calculation: 1.2 x 1.3 = 1.56)
How much of the increase is not due to increase in the home's replacement value ?
I would surmise at least 65% of the increase is not due to increase in the home's replacement value.
Home values in California went up about 40% to 60% since January 2020.
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https://abc7.com/post/state-farm-seeking-30-rate-hike-california-homeowners/15009617/
State Farm raised property insurance rates in California by 20% this year.
They are requesting a 30% increase for next year.
So a 56% increase in 2 years
(calculation: 1.2 x 1.3 = 1.56)
How much of the increase is not due to increase in the home's replacement value ?
I would surmise at least 65% of the increase is not due to increase in the home's replacement value.
Home values in California went up about 40% to 60% since January 2020.
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1201
zzyzzx
2024 Jul 2, 11:03am
zzyzzx
2024 Jul 2, 11:03am
The good news is, soon you will be a millionaire. The bad news is, so will everyone else.
1202
AD
2024 Jul 2, 2:21pm
AD
2024 Jul 2, 2:21pm
AD says
This goes to the deflation of durable goods as there is less demand to transport durable goods (appliances, computers, furniture, etc.). A major drop in demand for durable goods is one of the first symptoms of an oncoming recession.
I noticed there still are plenty of laptops between $170 and $200 at Walmart such as Hewlett Packard Windows laptops, just like there were in 2020.
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Notice from the PCE data that durable goods continues to show deflationary or minimum inflationary pressure, as people are buying less computers, cars, refrigerators, furniture, etc.
This goes to the deflation of durable goods as there is less demand to transport durable goods (appliances, computers, furniture, etc.). A major drop in demand for durable goods is one of the first symptoms of an oncoming recession.
I noticed there still are plenty of laptops between $170 and $200 at Walmart such as Hewlett Packard Windows laptops, just like there were in 2020.
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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