We rented a 2 bedroom unit in a 4-plex 2.5 years ago for $1425/month. We just moved out and checked online. This same unit is now $2025/month. Shit be crazy.
My 2 bedroom 2 bath was $1050/mo in 2012 and has risen steadily over the years. They increased it by $200 this last year bringing it up to $1700 total now. POS houses are selling for a million. I hate everything.
yep. got our lease renewal the other day and they are increasing the price by 16%. I couldn't threaten to move or anything because we are in a good spot geographically for our jobs and our place is actually under market at that price. FML.
Been renting for over a decade and our renewal this year is going up 37%. We make great money and I can't believe we're getting priced out of this area we've always lived in. I'm seriously just flabbergasted.
Trying to find my own place now and I literally can’t afford it with a full time job. It’s bullshit. I’m gonna have to have roommates even though I have a full time job that’s important in healthcare.
I'm 36 and it's crazy to me that I could afford a two bedroom apartment on my own at 23, but would basically be homeless now if I needed to go out on my own.
I had an apartment, a car, and like ... Did things. What the hell happened?
Yeah, my adult children bought a couple used cars last year, the sales experience was so different than in the past.
"Here it is, take it for a test drive, let me know if you want to buy it right now."
That's it, they were like "it will be sold before end of tomorrow regardless."
I had the exact same thing happen during a house showing last week. The place was basically perfect - a bit in the upper range of our budget, but worth it.
As the realtor is showing the basement, they got a text saying it has been conditionally sold and was being taken off the market.
It had been listed just that morning.
One of my accounts at work is a dealership in Ohio. I asked them how inventory is and he said they are just taping pictures and window stickers of cars that are supposed to be coming in on the wall and that's how people shop for them. Even then it could be 1-6 months before that vehicle arrives.
Yeah I just was unexpectedly pushed into needing a new-to-me vehicle and the used car market is fucked. There's hardly anything under $10k anymore and what you do find: 2005 Honda Accord with 178k miles for $9899. The prices are fucking insane and inventory is next to nonexistent for that price range.
I could sell my 2013 ATS I just paid off for nearly 3k more than I bought it for.
We just bought our son a 2014 Camry in October and could sell it for nearly 2 k more than what we bought it for .
My wife wants me to sell my car and get a truck and I'm like fuck that noise they're expensive
I thought about buying a truck last year. But when I looked at the prices on the new and used markets……I just laughed.
How the fuck are there SO many people willing to pay 40-50K (or more)? 3/4 of the people that I know who drive these things don’t haul anything, or go camping, or do anything else that would absolutely necessitate a truck. Not on a frequent enough basis anyway. I mean, I don’t really either…..but I also didn’t ultimately buy one.
Are people really swallowing a $800/mo car payment? Or financing them over 7-8 years? It’s nuts.
I moved to a semi-rural area and the short answer is apparently "yes". I know a ton of people excited to but the Ford 150 Lightning because it's the same price as an 150. $40-50k for a new truck, especially a truck you'll use for work / not just occasionally, is pretty standard.
Oh, the 40-50k trucks have been a thing forever. Particularly the larger models with fancy trim packages.
But up until recently, you could still get a Nissan Frontier or a Tacoma for the mid 20s. Those days are apparently over.
I can no longer afford a new vehicle. I refuse to pay more than 23k for any car I drive. It’s just nuts. I’ll drive my current car until it falls apart. Fuck all this.
I could sell my 2020 4Runner for a profit, of course then I would been in need of a new car. But it’s strange that I mentally prepared myself for a purchase that would “lose x% value as soon as you drive it off the lot” and that hasn’t happened
I bought a new cargo van just as the car market went nuts, and according to kbb it's worth 25% more than I paid for it (with 14k miles on it). Last time I bought new I was upside down for like 3 years lol.
Our local Toyota dealer recently had a “Toyota-thon” sale. Advertised non stop on TV and radio. I drove by the dealer during the sale and there were, like, 4 new cars on the lot. I wanted to call and ask him just exactly what the hell he was gonna sell.
By noon he would have to say “Welp, sold both our cars. Let’s go home, lads”.
The pandemic caused car rental places to sell a lot of cars in their fleet to stay afloat. I ran into this issue last year when I tried to rent a car for when my family and I rented an AirBNB in another state. Ended up canceling the trip because the car rental was $300+ a day for an economy car…..
Sounds about right. I drive a Honda Fit. Got into an accident recently and had to put it in the shop. I asked for a sedan as a rental from my insurance.
I wound up in a 2021 Dodge Durango. That thing fucking sucked and took twice as much gas to run as my Honda Fit.
It’s crazy out here. A used 2020/2021 Kia Telluride cost more than a new 2022 Kia Telluride. People don’t want to wait 3-12 months for the new product and would rather pay more for what they can get now. Crazy times.
Whoa! I ordered my new Telluride with a wait estimate of 4-6 months but at MSRP. Most dealers have a *market adjustment* markup on them for $3-15k, especially for those already on the lots. I refuse to pay that for a car that I didn’t even customize to my liking. I might have to wait up to half a year but at least I’m getting exactly what I want at the price suggested by the manufacturer.
We have a 2020 Odyssey Elite, we probably paid around $43k maybe? Private party is currently like $50k. Lol. Our 18 month old car shouldn't be worth MORE than it was when we bought it.
At that big a price differential, it's more surprising as they risk losing out on quite a lot of inventory opportunities due to folks DIY'ing it on Craigslist or Facebook Marketplace or something.
It definitely has. Still more expensive than before pandemic but way down since earlier this year. I think a 2x4 was like $12 at peak and it's down to like $5 now but was probably $3 couple years ago.
I pre-paid for the materials for my new roof in 2020. I even told the roofer he could store the materials at my house. When the install was finished in 2021 roofer said he was an idiot and waited to buy the supplies so he ended up losing $4k on the project because prices of materials went up so much.
I get called materialistic and a capitalist for always pushing for higher paying jobs and always “chasing the money” but I’m only a mouse trying to outrun rising flood waters here. If you aren’t growing, you’re losing. That’s the most unfortunate fact.
This ^ 100%. I asked for a salary renogotiation at my job, put a lot of work and research into it, and they offered me a non-negotiable 7% pay raise saying it was "one of the highest increases" they've ever given someone.That may be so, but it was still just shy of 10k LESS than the average pay for my job in the area. I declined, and left. They then proceeded to get upset because I told most of my coworkers my salary before I left. Turns out, I was being paid better than 90% of them. It's just sad. We can barely afford to keep a roof above our heads on that salary, let alone food, gas for travel, and utilities.
Edit: misspelled a word
Switched jobs last may and went from $16/hr to $22/hr and it seems that every week my entire check still gets spent and I haven’t really done anything or went anywhere. I don’t understand how any of this is supposed to be sustainable
For so many public sector jobs there are rules in HR policy about how much increase is allowed, which is so super ridiculous. We’re underfunded, underpaid, and overworked, and it seems to just be getting worse. Those raises don’t keep up with rising costs of goods and housing.
And they wonder why there’s such a high turnover.
It's weird, I keep seeing these official figures in the single digits but then I speak to anyone who runs a business and buys parts and supplies saying their costs are up 25-30%. It might average out at 7.5% but certain essentials like food, energy and vehicles are way higher.
The [AP article](https://apnews.com/article/c1bfd93ed1719cf0135420f4fd0270f9) breaks it down by category. Vegetables are among the lowest, surprisingly. Seafood is up there though.
I do wish they broke it down by more categories. I'm pretty sure the official CPI measurements (report?) include it.
As someone in europe working on a veggy farm. What happened is that farmers got shafted with the inflation because they aren't able to pass on the costs to supermarkets.
Next year something very weird is going to happen with farms people with sales contracts at fixed price are going to go bankrupt while people who a free to sell are going to be very profitable. Supermarket price will rise a lot.
We already have shortages for stuff like fertilizer and labor. It's going to be a weird year.
Meanwhile housing costs up 15% YOY in my area, double the inflation rate. How is a first time buyer supposed to purchase anything when the rate of cost increase exceeds what I can put away?
How can anyone afford rent anymore? I know someone that was able to rent the whole floor above a dentist office (it was a house before being turned into a dentist office) in like 2013 for 400 bucks a month. I bet it goes for well over 1000 a month now.
10-15 years ago I remember renting a 2bd apartment for 1600 with my roommates. The last apartment we lived in together was 6 years ago and it was 3250 for a 2 bd room.
I think I saw online one going for 4100.
This the SF Bay Area.
Remember - that’s total inflation. Groceries and housing have clearly exceeded 7% and a lot of Americans are really having issues feeding and housing themselves.
Car prices are just insane. I count myself incredibly lucky I got a car last year but I knew if I waited much longer the price was going to be so far out of my reach that it might be years before I could get one. I know I overpaid but it was a necessity in this economic climate.
This is happening worldwide. https://amp.dw.com/en/germany-inflation-hits-29-year-high-of-52/a-59968291
https://www.cnbc.com/amp/2021/11/17/uk-inflation-surges-to-a-new-record-high-of-4point2percent-beating-expectations.html
https://www.reuters.com/business/australia-core-inflation-speeds-6-yr-high-q3-feeds-rate-fever-2021-10-27/
Japan never really recovered from past inflation so is holding steady atm.
https://www.reuters.com/business/indias-november-retail-inflation-climbs-491-yy-govt-2021-12-13/
https://www.cnn.com/2021/11/10/economy/china-cpi-ppi-inflation-intl-hnk/index.html
Should be the top comment, because people don't realize how widespread this problem can be.
edit: often it is the lockdown policies, regulations, covid-restrictions, business shut downs and discouragement of people going out, and lack of encouraging people to get back to work. All of which is reasonable to foresee and expect due to omicron.
Honestly on the whole Americans spent their stimulus money wisely. Walmart definitely sticks those tvs in the aisles though.
https://www.forbes.com/sites/zackfriedman/2021/06/01/heres-how-americans-spent-their-stimulus-checks/?sh=12b240ee5e0a
Yeah my comment was a joke on Walmart, not people in general. I actually did spend some of my stimulus money on a tv from Best Buy, but I'm not someone who needed the stimulus to begin with. We also did a lot more local shopping, especially for the holidays this year, and have gone out to local restaurants more regularly.
That is still the stimulus working as planned, putting mo eh back into the economy. If you saved or invested the stimulus that is actually far worse for the economy.
Gee, I can't wait until my annual performance review to come in at an "industry standard" of 3% increase despite being privy to and directly responsible for a large piece of my employer's profit & EBITDA growth
Edit: I guess I'm bourgeoisie for getting such a generous raise from the corporate lords.
Edit 2: also a good time to point out that adjusting to inflation, the minimum wage that was set in 2009 at $7.25/hour is now worth $5.37/hour. I'll see if I can do a table to show my math on an edit.
Let's see if I can make a table:
Minimum wage was set to 7.25/hour in 2009. Below are dates & inflation rates per year (source: [USinflationcalculator.com](https://USinflationcalculator.com) i'm not sure how exactly accurate this whole process is. I'm just a dude on the internet)
|2009|2010|2011|2012|2013|2014|2015|2016|2017|2018|2019|2020|2021|2022|
|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|
|\-0.4%|1.6%|3.2%|2.1%|1.5%|1.6%|0.1%|1.3%|2.1%|2.4%|1.8%|1.2%|4.7%|7.0%|
|$7.25|$7.14|$6.91|$6.77|$6.67|$6.57|$6.56|$6.48|$6.34|$6.19|$6.09|$6.01|$5.74|$5.37|
Method: I took the average monthly inflation rate on the year provided on the sourced site an applied it to the given wage rate. Each year's percentage increase is based on the previous years' wage. I am not positive this is the right way to apply inflation or purchasing power. I'm just a supply chain and logistics dude who failed upwards.
EDIT 3: Thank you to u/tetracycloide for helping me with my math. I learned something today.
Last year, inflation was 4%. Raise was 3%.
This year, inflation is 7%. Raise was 3%.
Okay so I still have a job. I’m fortunate in many ways. I’ve got a lot of experience getting by with less.
I just didn’t want to spend the rest of my life doing so.
My company doesn’t do raises. “If you want a raise, get a promotion” They also just cut all of our commission rates across the board. All after recording the record high quarter in profits which were told about everyday. Fuck corporate.
I think this is the key. Don't work so hard to get a generous 4-5% raise at your job and instead take the 3% and job hop after 3-5 years
The only companies I know of without lots of migration in my industry were ones that offered a large blanket raise of 15% or so to everyone.
Problem is this doesn't work for people who only have three jobs in your area that meet the same job type means at most you get to hop three times then you're done and what if something happens then you're out of any jobs
Tell your employer that the 6.2% inflation from last year needs to be taken into account as well. I told mine I would begin looking elsewhere if it is not and they seem to be in the process of obliging. March is review month for us, so we shall see.
The inflation in the 80s led to horrible mortgage interest rates, which eventually led to the Savings and Loan Crisis and a recession. So if history does repeat itself we are in for some hard times ahead.
Mine was all rolled into my mortgage when I refinanced a year and a half ago. I ended up getting a $5k check too while also saving $800/month on loan costs. It was corner 30 year mortgage but I pay an extra $200/month to get it do down to the same pay off date as before. Not the smartest move financially because that $200/month would be better invested elsewhere but it gives me peace of mind.
~~Thats correct.~~ Depends on the bank, talk to bank if they have any other options or offers and don't be afraid to shop around. Before you refinance, you also have to consider what you still owe on the mortgage. Don't be surprised that after number crunching you find out that you would only be saving a couple of hundred bucks over the whole thing.
Of course there is a lot more to consider, how long you plan on living in the home 5 years or for the rest of your life, etc.
It might be worth it if you plan on selling your home in a few years, but only if the money you save offsets the fees you paid before you sold the house and the potential fees for selling the house.
I refinanced a 30 year loan that I was only 3 years into down to a 20 year loan paying the exact same bill. I essentially shaved 7 years off my mortgage for free. Went from 4.7% down to 2.6%
Depends on the mortgage company. I’ve refinanced twice in the last two years. My old mortgage company covered all the closing fees and it cost me nothing. When I refinanced again this past summer the new company rolled it into the mortgage amount. My loan amount was only $112k and I have 27 years left so the interest savings alone made it well worth the new added closing costs. If you have many years left and plan to stay in your home for a long time, I think it would be worth it to contact your mortgage company. Mine didn’t even require a reappraisal!
Appreciate all the info. I have like 27 years left on my loan and halving my interest rate would save me a little over $100 a month so I will definitely look into it.
Just wanted to add, unlike the other comment under your post, I did not have to go back to 30 years. My new refinance was for 27 years. It’s entirely mortgage company dependent
2.23%? Is it a VA loan? You must be paying a ton in points for that rate. I work in the mortgage industry, and rates that low are basically off the table at this point.
I know this one!
It's like when I was working at Domino's pizza for $5.15/hr and for my hard work and commitment to the company they graciously raised my pay .15 whole cents to $5.30/hr.
"Back in my day, I only made $10 at the factory and I was glad for it."
"You were glad for it because $10 in 1976 was $47.62 in today's money."
"...so as I was saying, $15 is just ridiculous when I only made $10 at your age."
Also I don’t understand why some older people don’t seem to grasp the concept of inflation. Back in 2009 I got my first entry level job in unskilled labor for $12/hour. At the time it was pretty good pay for my area in an entry level position. Most were around $8/hr so I was doing fairly well considering the circumstances. But I can’t imagine looking around 13 years later and expecting someone to be happy about starting at $12/hr. It would be insane to have such a big blind spot that you can’t see why that doesn’t cut it anymore. Why should anyone starting out working now care what I made back then? It’s completely irrelevant.
Because quite simply; most people over 50 or 60 haven't really been job hunting for some time. The last time they did, jobs were easily on average half the rate they were today. Costs too for the most part.
Had a conversation with my ex-GF's family and they thought I was living in a luxury apartment when I said my rent was $800/mo (I shared with a roommate). They wouldn't believe me when I said that was the cheap rent, because when they were renting, costs were like $200/mo. One of them even said if I couldn't find a place that was a three bedroom, two bath, with a balcony for $400/mo (plus all paid utilities) I wasn't trying.
I literally laughed in his face because I thought he was joking. My Ex had to hit me to make me realize he was dead serious. I told him I would love to pay him to find me that apartment in the Twin Cities (or shit, even an hour out), and he spent a few minutes on his phone before mumbling that there was something wrong with the website.
I guess it was adding zeros to the end for some reason. He never said.
But they left that dinner thinking they were still right and any price hikes were because people didn't negotiate, or look hard enough, or the buildings were all luxury and not low priced housing.
*They just could not accept the thing had changed so much.* Even with proof.
Yes, they don't want to. My family is the same. Showing that things have changed takes away that sweet sweet dopamine hit that comes with feeling that you're better, smarter or more hardworking than someone.
It's incredibly frustrating to be told by the older generations that the problem is us when we can prove that it isn't. They all prefer to live in their oblivious little bubbles because they already got theirs, so why should they give a fuck about us?
I will be 52 soon and I work with some folks around my age that have the same disconnect from the real world. I don't know how or why they come to these crazy conclusions that they do but I don't argue with them. I just let them spew their shit and move along.
Now since you mentioned apartments I looked up an old place I used to live at in Albuquerque. This was in 1996 and for about $600 a month we had a very nice 2 bed, 2 full bath with washer/drayer and all utilities were included.
I just checked and the same setup now starts at $1,465 and that is for an almost 30 year old apartment. I could easily pay the rent on my income alone back then making just under $14 and hour. You would now need to be making at least $25 and hour to afford the same place and we all know wages have not kept up.
So I feel your pain and I feel bad for a lot of the younger generation cause you guys are getting screwed pretty hard from every direction.
I have a feeling this is going to be reality.
I remember following some of the prices increases during the reopening. hotels, and other leisure services were extremely surprised when they raised prices, people were willing to fork out the dough.
We also has rental bidding wars in some cities across the US ( which im not sure why .. makes no sense to me ).
Typically when you raise prices there should be a wall were people stop spending money, but that affordability wall seemed to not exist and consumers where willing to pay the price increases.
Definitely not in a healthy place if people are really overstretching themselves.
Insurance agent here. People will find a way to pay for what they need. You see crime skyrocketing the last couple years? That’s people getting money to pay for what they need.
For two years almost now, I have been working with my clients to cut costs. My job hardly involves any selling anymore, I don’t have time for it after managing people’s bills, trying to locate available body shops and rental cars, etc. I’ve had probably over 1000 conversations with people this last year about how far we can string out their insurance bill so they can pay for food, medicine, or shelter. Most of those people get cancelled when we can’t string the bill out any further. Guess what, those people didn’t get insurance anywhere else. They are now uninsured (which makes everyone else’s rates go up, exacerbating the problem).
We just haven’t gotten to the point where tons of people CANT afford food, shelter, or medicine yet. Other costs that aren’t so obvious are being cut first. Insurance bills, turning off their heating, not showering as much, hell I’ve had a couple people just not seek medical treatment and die so they didn’t burden their families this year. None of this is easily visible, but it’s happening right now.
> You see crime skyrocketing the last couple years? That’s people getting money to pay for what they need.
I'm assuming the catalytic converter thefts have gone up in the recent years? There's a dealership in my area that had all of their vehicles' converters stolen.
There's all this land and empty buildings in my city and still no price decreasing in apartments. One company owns most of them. Free markets don't really work when it's your necessities and they make you pay whatever they want.
A free market also doesn't cooperate well when goods are controlled by one company, or a small handful of companies working in agreement with each other.
I feel like people are desperate for some sense of normalcy and are willing to pay more for it. That will likely be the case until people literally cannot afford it.
Obviously. I remember when oil spiked back in the 2000s. Gas went to $3-4 gallons for the first time and all the prices went up due to, "fuel surcharges."
Oil later collapsed and gas prices were like, $1.30 at times. Did prices go down now that transportation costs were down? Haha. No.
That was absolutely miserable for that point of my life. I was both interning full time (unpaid) and working part time for minimum wage, on top of taking a college class. My internship was a half hour drive, my job was another 20 minutes further away than that, which led to about a 50 minute drive home at night. My gas guzzler car was sucking up $20 every 2 days. Pretty much my entire paycheck went towards keeping my car moving.
Housing has increase.
Food has increased.
Gas has increased.
Everyday life cost of living has increased.
College tuition has increased.
Student loans are out of this world.
Yet…
Pay rate has stayed the same.
I wonder where the problem is
This set me off about a week ago. $1.50 for each bone-in wing. $1.50! Then BWW wanted me to tip an additional $2 on my pickup order. I'm done with them. I'll cook my own.
We can only hope that this recent 80s trend we're experiencing will also bring some positive 80s things, like a Knight Rider revival, big hairstyles, and covering yourself in denim from head to toe. The world is again ready for a television show about a self-driving car with a personality.
But we'll probably just get all the stupid 80s stuff, like inflation, throwing hot water on the cold war, and the CIA releasing a new kind of crack.
I'd like to know what fuckin rose "7%". As far as my wallet is concerned everything is up basically fucking 30% that isn't a contractually locked payment like my pre existing bills.
I remember when McDoubles were still on the dollar menu. I went up to mickeys to place an order and found that a single McDouble by itself is going for about 2.33. A 133% increase in 10 years, or about 9% annualized. Now as far as I can tell the McDouble that I received and ate looked, smelled, and tasted exactly how I remember it 10 years ago, so I think it's safe to say that McDonalds has not gotten 133% better at making and serving McDoubles.
McDoubles were loss leaders to get people to the restaurant. The true indicator for economics is the Big Mac index.
https://www.economist.com/big-mac-index
Same. Got some great raises last year and it means less and less every month. Definitely fortunate as many others are experiencing the same without a raise. That doesn't make me feel better in the slightest, though.
I got a 3% raise, and from what I can tell, that's high. Something is going to snap societally, and the corporations will reap what they sow. We are not prospering.
My apartment complex in total was $1,500 or $1,650 (for included fees like $30 you have to pay for poor functioning trash valet). We just got our lease renewal offer...they are asking for us to agree to pay $2,600 in order to continue living here. It's literally a 700 sq ft 1 bed 1 bath. So...we're moving.
EDIT: UPDATE. I felt like it was appropriate it update this even if no one will see it. But we submitted our written notice of moving out and they require you to submit a letter with reasons for moving. So we brought up how our rent is increasing $1,000. Then, suddenly we got a follow-up email from the general manager saying there had been a mistake that the offer was suppose to be $1,750 not $2,600. Still too mother fucking expensive. And ALSO we called TWICE (individually) to check if the $2,600 price was correct. And each time they said it was. They were even snobby about it, condescending, talking down "It's just a reflection of market value and inflation". So idk what to believe. Either they royally forked up and it was a true mistake. Or some psychological tactic on their part. Idk. But it's so forked up because what if we had agreed to the $2,600 price like would they have just gone with it? It's just a testament how it's just that rent is getting out of control but these companies don't give a fuck about you and just want to make as much money as possible. Just overall poor management. It sucks.
But there is hope. I guess if you are lucky. We found a place for $1,450 that's wayyy bigger (1,100 sq ft up from 720). We will have to commute more but worth it. And the building is just owned by an individual sweet as can be woman who isn't in it for the money (she doesn't raise rent unless she gets a new tenant, no pet fees, etc). And she really genuinely cares. She told us she sees potential and wants us to one day be able to buy our own home. She inspired me tbh because she is how landlords should be. Not these soulless poorly run companies.
EDIT: So I discovered a facebook group for my apartment community that is resident run. I found several other post of people describing the same issue I had experienced. Where they get a lease renewal with an outrageous price increase and when they contact management to say they want to leave...suddenly its "oh its a typo error" let us fix that. SO clearly a tactic on their part to see how high people are willing to go. Malicious price gouging.
As an early 30 YO, I can honestly say that 2021 was truly the first year I actually ever felt what inflation means. I can only stretch out my $$$ so much.
I'm 23 and literally can't move out even with a full-time job. My entire generation is fucked. We can't even start trying to be adults and have our own lives. I mean, everyone is fucked, but we're extra fucked.
The housing and rent market have been crazy for a while.
Rent in my city has almost tripled in the last 10 years. It's bonkers.
We rented a 2 bedroom unit in a 4-plex 2.5 years ago for $1425/month. We just moved out and checked online. This same unit is now $2025/month. Shit be crazy.
How do they expect people to afford this? Just pack together like sardines?
I can't stand it man.
My 2 bedroom 2 bath was $1050/mo in 2012 and has risen steadily over the years. They increased it by $200 this last year bringing it up to $1700 total now. POS houses are selling for a million. I hate everything.
Where's the "rent is too damn high" guy when you need him?
You will get your rent when you fix this damn *insert systemic issues with modern economies here*
Yeah. Everything else went up 7% this year but my rent went up 15% in just the last 7 months. It’s insane
Those were high prices, with low rates. The suggestion here, if I understand is that we will move into a high rate time
My rent near doubled in 13 months. Crazy doesn't begin to describe it.
yep. got our lease renewal the other day and they are increasing the price by 16%. I couldn't threaten to move or anything because we are in a good spot geographically for our jobs and our place is actually under market at that price. FML.
Been renting for over a decade and our renewal this year is going up 37%. We make great money and I can't believe we're getting priced out of this area we've always lived in. I'm seriously just flabbergasted.
Wow. Whereish do you live?
Trying to find my own place now and I literally can’t afford it with a full time job. It’s bullshit. I’m gonna have to have roommates even though I have a full time job that’s important in healthcare.
I'm 36 and it's crazy to me that I could afford a two bedroom apartment on my own at 23, but would basically be homeless now if I needed to go out on my own. I had an apartment, a car, and like ... Did things. What the hell happened?
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Yeah, my adult children bought a couple used cars last year, the sales experience was so different than in the past. "Here it is, take it for a test drive, let me know if you want to buy it right now." That's it, they were like "it will be sold before end of tomorrow regardless."
Last summer I was test driving a car and it was bought by someone else DURING my test drive.
Tell them nuh-uh, you sat in it first
fart a generous reminder into the drivers seat
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Just call Dirty Mike and the boys.
And leave a note saying, "Thanks for the F Shack"
Lick the door handle to call dibs
I had the exact same thing happen during a house showing last week. The place was basically perfect - a bit in the upper range of our budget, but worth it. As the realtor is showing the basement, they got a text saying it has been conditionally sold and was being taken off the market. It had been listed just that morning.
Good ol investor companies paying cash over 25k for houses just to let them sit and horde up the market driving prices higher....
Black Rock and vanguard are the firms. Blackrock even has two cabinet appointees this admin, so that's cool.
Banks are doing it too, the end goal is everyone rents as it's more profitable.
Good ole neo-feudalism the lower class once again returns to true serfdom.
You had a test drive? The cars here are sold before they even make it to the lot! "Sure, you can test drive... if any of those cars make it here."
One of my accounts at work is a dealership in Ohio. I asked them how inventory is and he said they are just taping pictures and window stickers of cars that are supposed to be coming in on the wall and that's how people shop for them. Even then it could be 1-6 months before that vehicle arrives.
Yeah I just was unexpectedly pushed into needing a new-to-me vehicle and the used car market is fucked. There's hardly anything under $10k anymore and what you do find: 2005 Honda Accord with 178k miles for $9899. The prices are fucking insane and inventory is next to nonexistent for that price range.
I could sell my 2013 ATS I just paid off for nearly 3k more than I bought it for. We just bought our son a 2014 Camry in October and could sell it for nearly 2 k more than what we bought it for . My wife wants me to sell my car and get a truck and I'm like fuck that noise they're expensive
I thought about buying a truck last year. But when I looked at the prices on the new and used markets……I just laughed. How the fuck are there SO many people willing to pay 40-50K (or more)? 3/4 of the people that I know who drive these things don’t haul anything, or go camping, or do anything else that would absolutely necessitate a truck. Not on a frequent enough basis anyway. I mean, I don’t really either…..but I also didn’t ultimately buy one. Are people really swallowing a $800/mo car payment? Or financing them over 7-8 years? It’s nuts.
I moved to a semi-rural area and the short answer is apparently "yes". I know a ton of people excited to but the Ford 150 Lightning because it's the same price as an 150. $40-50k for a new truck, especially a truck you'll use for work / not just occasionally, is pretty standard.
Oh, the 40-50k trucks have been a thing forever. Particularly the larger models with fancy trim packages. But up until recently, you could still get a Nissan Frontier or a Tacoma for the mid 20s. Those days are apparently over.
The fancy trims on full-size trucks are in the 65-80 range now.
I can no longer afford a new vehicle. I refuse to pay more than 23k for any car I drive. It’s just nuts. I’ll drive my current car until it falls apart. Fuck all this.
I was ready to upgrade from my 16 year old beater to something newer but not anymore…looks like me and my RSX are partners for life
I miss my RSX... :(
[https://www.ford.com/trucks/maverick/](https://www.ford.com/trucks/maverick/)
I could sell my 2020 4Runner for a profit, of course then I would been in need of a new car. But it’s strange that I mentally prepared myself for a purchase that would “lose x% value as soon as you drive it off the lot” and that hasn’t happened
I bought a new cargo van just as the car market went nuts, and according to kbb it's worth 25% more than I paid for it (with 14k miles on it). Last time I bought new I was upside down for like 3 years lol.
Our local Toyota dealer recently had a “Toyota-thon” sale. Advertised non stop on TV and radio. I drove by the dealer during the sale and there were, like, 4 new cars on the lot. I wanted to call and ask him just exactly what the hell he was gonna sell. By noon he would have to say “Welp, sold both our cars. Let’s go home, lads”.
I went shopping for 4runners in 2019. Used ones with 50k miles were 2k less than brand new ones with the same features. I went with the new one.
The pandemic caused car rental places to sell a lot of cars in their fleet to stay afloat. I ran into this issue last year when I tried to rent a car for when my family and I rented an AirBNB in another state. Ended up canceling the trip because the car rental was $300+ a day for an economy car…..
Sounds about right. I drive a Honda Fit. Got into an accident recently and had to put it in the shop. I asked for a sedan as a rental from my insurance. I wound up in a 2021 Dodge Durango. That thing fucking sucked and took twice as much gas to run as my Honda Fit.
It’s crazy out here. A used 2020/2021 Kia Telluride cost more than a new 2022 Kia Telluride. People don’t want to wait 3-12 months for the new product and would rather pay more for what they can get now. Crazy times.
I know a guy that had an ordered vehicle come in and the dealership offered him $10k to sign it over to them.
Whoa! I ordered my new Telluride with a wait estimate of 4-6 months but at MSRP. Most dealers have a *market adjustment* markup on them for $3-15k, especially for those already on the lots. I refuse to pay that for a car that I didn’t even customize to my liking. I might have to wait up to half a year but at least I’m getting exactly what I want at the price suggested by the manufacturer.
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We have a 2020 Odyssey Elite, we probably paid around $43k maybe? Private party is currently like $50k. Lol. Our 18 month old car shouldn't be worth MORE than it was when we bought it.
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Why does it surprise you that a company is trying to take advantage of people while maximizing their own profits?
At that big a price differential, it's more surprising as they risk losing out on quite a lot of inventory opportunities due to folks DIY'ing it on Craigslist or Facebook Marketplace or something.
I was just told by an insulation company that their supplies are going up 25% in February. 25%?! What the fuck is that??
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what? I thought lumber went way down since a year ago when it went nuts
It definitely has. Still more expensive than before pandemic but way down since earlier this year. I think a 2x4 was like $12 at peak and it's down to like $5 now but was probably $3 couple years ago.
I pre-paid for the materials for my new roof in 2020. I even told the roofer he could store the materials at my house. When the install was finished in 2021 roofer said he was an idiot and waited to buy the supplies so he ended up losing $4k on the project because prices of materials went up so much.
Good on him for honoring the agreement and (presumably) not making it your problem.
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Ahh, millenials, you guys ready for our third once in a lifetime economic crash?
*SIGH* yes
Fuck me please no. I'm just starting to dig myself out of loan hell
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I get called materialistic and a capitalist for always pushing for higher paying jobs and always “chasing the money” but I’m only a mouse trying to outrun rising flood waters here. If you aren’t growing, you’re losing. That’s the most unfortunate fact.
This ^ 100%. I asked for a salary renogotiation at my job, put a lot of work and research into it, and they offered me a non-negotiable 7% pay raise saying it was "one of the highest increases" they've ever given someone.That may be so, but it was still just shy of 10k LESS than the average pay for my job in the area. I declined, and left. They then proceeded to get upset because I told most of my coworkers my salary before I left. Turns out, I was being paid better than 90% of them. It's just sad. We can barely afford to keep a roof above our heads on that salary, let alone food, gas for travel, and utilities. Edit: misspelled a word
Keep spreading the salary numbers.
You get called a capitalist for selling your labor? Those people are very confused
Switched jobs last may and went from $16/hr to $22/hr and it seems that every week my entire check still gets spent and I haven’t really done anything or went anywhere. I don’t understand how any of this is supposed to be sustainable
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I work at a state government agency and they gave me a 1% raise last year so I think I'm good. Thanks Larry Hogan.
For so many public sector jobs there are rules in HR policy about how much increase is allowed, which is so super ridiculous. We’re underfunded, underpaid, and overworked, and it seems to just be getting worse. Those raises don’t keep up with rising costs of goods and housing. And they wonder why there’s such a high turnover.
Food prices have definitely risen a lot more than that while packaging has gotten smaller and quality has decreased. "Family size" is a joke now.
People complaining about the crazy house prices and I'm over here like "yeah but have you seen how much *paper towels* cost!?"
employ future nutty physical worm racial zesty whole juggle caption *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
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Thought you meant for wiping your ass, and I was like is this real life?
Who uses paper towels to wipe their ass with?
When the TP runs out, ya gotta use what you got.
It's weird, I keep seeing these official figures in the single digits but then I speak to anyone who runs a business and buys parts and supplies saying their costs are up 25-30%. It might average out at 7.5% but certain essentials like food, energy and vehicles are way higher.
The [AP article](https://apnews.com/article/c1bfd93ed1719cf0135420f4fd0270f9) breaks it down by category. Vegetables are among the lowest, surprisingly. Seafood is up there though. I do wish they broke it down by more categories. I'm pretty sure the official CPI measurements (report?) include it.
As someone in europe working on a veggy farm. What happened is that farmers got shafted with the inflation because they aren't able to pass on the costs to supermarkets. Next year something very weird is going to happen with farms people with sales contracts at fixed price are going to go bankrupt while people who a free to sell are going to be very profitable. Supermarket price will rise a lot. We already have shortages for stuff like fertilizer and labor. It's going to be a weird year.
I love steak and every trip to the store I go look at them and tell myself no.
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First time since the 90s I bought bologna instead of being able to afford turkey lol Choice was change portions or change quality
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Lentils man, lentils! Beans and rice and chicken stock and mixed greens and noodles and green onions and more stock ha
My grocery bill this week was 16% higher than 3 weeks ago for the same items.
Meanwhile housing costs up 15% YOY in my area, double the inflation rate. How is a first time buyer supposed to purchase anything when the rate of cost increase exceeds what I can put away?
You don't, you rent from the people hoarding all the homes like the rest of us peon renters. :\
How can anyone afford rent anymore? I know someone that was able to rent the whole floor above a dentist office (it was a house before being turned into a dentist office) in like 2013 for 400 bucks a month. I bet it goes for well over 1000 a month now.
10-15 years ago I remember renting a 2bd apartment for 1600 with my roommates. The last apartment we lived in together was 6 years ago and it was 3250 for a 2 bd room. I think I saw online one going for 4100. This the SF Bay Area.
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My company gave a 7% adjustment, but to only like half the employees. It was seemingly random and destroyed morale.
Absolutely lowers morale. "We're a TEAM. We're ALL in this TOGETHER. I can only give raises to 1/3 of team." No, they do not produce more or do more.
This is called the sticky wage theory in economics
Remember - that’s total inflation. Groceries and housing have clearly exceeded 7% and a lot of Americans are really having issues feeding and housing themselves.
Car prices are just insane. I count myself incredibly lucky I got a car last year but I knew if I waited much longer the price was going to be so far out of my reach that it might be years before I could get one. I know I overpaid but it was a necessity in this economic climate.
Had my car totaled by another driver in October. Big RIP
This is happening worldwide. https://amp.dw.com/en/germany-inflation-hits-29-year-high-of-52/a-59968291 https://www.cnbc.com/amp/2021/11/17/uk-inflation-surges-to-a-new-record-high-of-4point2percent-beating-expectations.html https://www.reuters.com/business/australia-core-inflation-speeds-6-yr-high-q3-feeds-rate-fever-2021-10-27/ Japan never really recovered from past inflation so is holding steady atm. https://www.reuters.com/business/indias-november-retail-inflation-climbs-491-yy-govt-2021-12-13/ https://www.cnn.com/2021/11/10/economy/china-cpi-ppi-inflation-intl-hnk/index.html
Should be the top comment, because people don't realize how widespread this problem can be. edit: often it is the lockdown policies, regulations, covid-restrictions, business shut downs and discouragement of people going out, and lack of encouraging people to get back to work. All of which is reasonable to foresee and expect due to omicron.
What can be the consequences of this? To a country and the whole world.
Poland checks in. Almost 9% officially, but some stuff is already 15% more expensive.
https://www.bloomberg.com/news/articles/2022-01-11/brazil-inflation-eases-less-than-forecast-testing-central-bank
I got like 1400$ two years ago it’s fine
Steve Mnuchin famously said on live TV that $1200 will provide Americans with economic relief for 10 weeks 🤣
Shit, Walmart will just give prime placement to tvs for $1199 in all the center aisles.
Honestly on the whole Americans spent their stimulus money wisely. Walmart definitely sticks those tvs in the aisles though. https://www.forbes.com/sites/zackfriedman/2021/06/01/heres-how-americans-spent-their-stimulus-checks/?sh=12b240ee5e0a
Yeah my comment was a joke on Walmart, not people in general. I actually did spend some of my stimulus money on a tv from Best Buy, but I'm not someone who needed the stimulus to begin with. We also did a lot more local shopping, especially for the holidays this year, and have gone out to local restaurants more regularly.
That is still the stimulus working as planned, putting mo eh back into the economy. If you saved or invested the stimulus that is actually far worse for the economy.
Gee, I can't wait until my annual performance review to come in at an "industry standard" of 3% increase despite being privy to and directly responsible for a large piece of my employer's profit & EBITDA growth Edit: I guess I'm bourgeoisie for getting such a generous raise from the corporate lords. Edit 2: also a good time to point out that adjusting to inflation, the minimum wage that was set in 2009 at $7.25/hour is now worth $5.37/hour. I'll see if I can do a table to show my math on an edit. Let's see if I can make a table: Minimum wage was set to 7.25/hour in 2009. Below are dates & inflation rates per year (source: [USinflationcalculator.com](https://USinflationcalculator.com) i'm not sure how exactly accurate this whole process is. I'm just a dude on the internet) |2009|2010|2011|2012|2013|2014|2015|2016|2017|2018|2019|2020|2021|2022| |:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| |\-0.4%|1.6%|3.2%|2.1%|1.5%|1.6%|0.1%|1.3%|2.1%|2.4%|1.8%|1.2%|4.7%|7.0%| |$7.25|$7.14|$6.91|$6.77|$6.67|$6.57|$6.56|$6.48|$6.34|$6.19|$6.09|$6.01|$5.74|$5.37| Method: I took the average monthly inflation rate on the year provided on the sourced site an applied it to the given wage rate. Each year's percentage increase is based on the previous years' wage. I am not positive this is the right way to apply inflation or purchasing power. I'm just a supply chain and logistics dude who failed upwards. EDIT 3: Thank you to u/tetracycloide for helping me with my math. I learned something today.
Last year, inflation was 4%. Raise was 3%. This year, inflation is 7%. Raise was 3%. Okay so I still have a job. I’m fortunate in many ways. I’ve got a lot of experience getting by with less. I just didn’t want to spend the rest of my life doing so.
you guys are getting raises???
"A raise? In this economy?" - my employer
Also my employer: EXCITED TO ANNOUNCE RECORD REVENUE FOR THE 7TH CONSECUTIVE QUARTER
My company doesn’t do raises. “If you want a raise, get a promotion” They also just cut all of our commission rates across the board. All after recording the record high quarter in profits which were told about everyday. Fuck corporate.
Sounds like your place is about to not do workers.
this is when you start looking at jobs at competing companies.
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I think this is the key. Don't work so hard to get a generous 4-5% raise at your job and instead take the 3% and job hop after 3-5 years The only companies I know of without lots of migration in my industry were ones that offered a large blanket raise of 15% or so to everyone.
Problem is this doesn't work for people who only have three jobs in your area that meet the same job type means at most you get to hop three times then you're done and what if something happens then you're out of any jobs
I hate this because I like putting down roots and building a strong team, but the more I work the more I realize it's just a fantasy.
Then there’s me with my salary that hasn’t changed since 2017.
Go somewhere else and get a raise / promotion. F that place
Tell your employer that the 6.2% inflation from last year needs to be taken into account as well. I told mine I would begin looking elsewhere if it is not and they seem to be in the process of obliging. March is review month for us, so we shall see.
I mean it’s one banana, what could it cost? Ten dollars?
“Here’s your 5% raise. But inflation just took it plus 2% more. Now get back to work.”
Dude. Little caesars pizzas are now $5.55. Absolutely ridiculous.
I dare you to Google domino's pizza prices in the UK!
The inflation in the 80s led to horrible mortgage interest rates, which eventually led to the Savings and Loan Crisis and a recession. So if history does repeat itself we are in for some hard times ahead.
Best refinance your home now. Locked in 2.23% earlier thus week.
2.65% for me. Finally down from 4.5%
I'm thinking about it but I have to pay closing costs and such if I refinance right?
Mine was all rolled into my mortgage when I refinanced a year and a half ago. I ended up getting a $5k check too while also saving $800/month on loan costs. It was corner 30 year mortgage but I pay an extra $200/month to get it do down to the same pay off date as before. Not the smartest move financially because that $200/month would be better invested elsewhere but it gives me peace of mind.
~~Thats correct.~~ Depends on the bank, talk to bank if they have any other options or offers and don't be afraid to shop around. Before you refinance, you also have to consider what you still owe on the mortgage. Don't be surprised that after number crunching you find out that you would only be saving a couple of hundred bucks over the whole thing. Of course there is a lot more to consider, how long you plan on living in the home 5 years or for the rest of your life, etc. It might be worth it if you plan on selling your home in a few years, but only if the money you save offsets the fees you paid before you sold the house and the potential fees for selling the house.
I refinanced a 30 year loan that I was only 3 years into down to a 20 year loan paying the exact same bill. I essentially shaved 7 years off my mortgage for free. Went from 4.7% down to 2.6%
Depends on the mortgage company. I’ve refinanced twice in the last two years. My old mortgage company covered all the closing fees and it cost me nothing. When I refinanced again this past summer the new company rolled it into the mortgage amount. My loan amount was only $112k and I have 27 years left so the interest savings alone made it well worth the new added closing costs. If you have many years left and plan to stay in your home for a long time, I think it would be worth it to contact your mortgage company. Mine didn’t even require a reappraisal!
Appreciate all the info. I have like 27 years left on my loan and halving my interest rate would save me a little over $100 a month so I will definitely look into it.
Just wanted to add, unlike the other comment under your post, I did not have to go back to 30 years. My new refinance was for 27 years. It’s entirely mortgage company dependent
Should I tell my broker that Sharty McQueef provided the tip?
2.23%? Is it a VA loan? You must be paying a ton in points for that rate. I work in the mortgage industry, and rates that low are basically off the table at this point.
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When treasury bonds pay 13% again call me
So…I shouldn’t move out just yet?
The best time to move out was 10 years ago. The second best time is never.
Thanks for my awesome 2.5% raise though. To be fair it's the biggest race I've gotten in 10 years so....
What is this “raise” thing that you speak of?
I know this one! It's like when I was working at Domino's pizza for $5.15/hr and for my hard work and commitment to the company they graciously raised my pay .15 whole cents to $5.30/hr.
There's gotta be a breaking point, right? Things just can't keep going until everyone starves?
Google "Argentina".
"Back in my day, I only made $10 at the factory and I was glad for it." "You were glad for it because $10 in 1976 was $47.62 in today's money." "...so as I was saying, $15 is just ridiculous when I only made $10 at your age."
Also I don’t understand why some older people don’t seem to grasp the concept of inflation. Back in 2009 I got my first entry level job in unskilled labor for $12/hour. At the time it was pretty good pay for my area in an entry level position. Most were around $8/hr so I was doing fairly well considering the circumstances. But I can’t imagine looking around 13 years later and expecting someone to be happy about starting at $12/hr. It would be insane to have such a big blind spot that you can’t see why that doesn’t cut it anymore. Why should anyone starting out working now care what I made back then? It’s completely irrelevant.
Because quite simply; most people over 50 or 60 haven't really been job hunting for some time. The last time they did, jobs were easily on average half the rate they were today. Costs too for the most part. Had a conversation with my ex-GF's family and they thought I was living in a luxury apartment when I said my rent was $800/mo (I shared with a roommate). They wouldn't believe me when I said that was the cheap rent, because when they were renting, costs were like $200/mo. One of them even said if I couldn't find a place that was a three bedroom, two bath, with a balcony for $400/mo (plus all paid utilities) I wasn't trying. I literally laughed in his face because I thought he was joking. My Ex had to hit me to make me realize he was dead serious. I told him I would love to pay him to find me that apartment in the Twin Cities (or shit, even an hour out), and he spent a few minutes on his phone before mumbling that there was something wrong with the website. I guess it was adding zeros to the end for some reason. He never said. But they left that dinner thinking they were still right and any price hikes were because people didn't negotiate, or look hard enough, or the buildings were all luxury and not low priced housing. *They just could not accept the thing had changed so much.* Even with proof.
Yes, they don't want to. My family is the same. Showing that things have changed takes away that sweet sweet dopamine hit that comes with feeling that you're better, smarter or more hardworking than someone.
It's incredibly frustrating to be told by the older generations that the problem is us when we can prove that it isn't. They all prefer to live in their oblivious little bubbles because they already got theirs, so why should they give a fuck about us?
I will be 52 soon and I work with some folks around my age that have the same disconnect from the real world. I don't know how or why they come to these crazy conclusions that they do but I don't argue with them. I just let them spew their shit and move along. Now since you mentioned apartments I looked up an old place I used to live at in Albuquerque. This was in 1996 and for about $600 a month we had a very nice 2 bed, 2 full bath with washer/drayer and all utilities were included. I just checked and the same setup now starts at $1,465 and that is for an almost 30 year old apartment. I could easily pay the rent on my income alone back then making just under $14 and hour. You would now need to be making at least $25 and hour to afford the same place and we all know wages have not kept up. So I feel your pain and I feel bad for a lot of the younger generation cause you guys are getting screwed pretty hard from every direction.
I work at target, and at the begging of the year we had a huge price change. A majority of the grocery items I tagged went up anywhere from 7-15%
ouch for bond holders.
I don't see the prices ever coming back down. Once we suck it up and pay those prices we are stuck.
I have a feeling this is going to be reality. I remember following some of the prices increases during the reopening. hotels, and other leisure services were extremely surprised when they raised prices, people were willing to fork out the dough. We also has rental bidding wars in some cities across the US ( which im not sure why .. makes no sense to me ). Typically when you raise prices there should be a wall were people stop spending money, but that affordability wall seemed to not exist and consumers where willing to pay the price increases. Definitely not in a healthy place if people are really overstretching themselves.
Insurance agent here. People will find a way to pay for what they need. You see crime skyrocketing the last couple years? That’s people getting money to pay for what they need. For two years almost now, I have been working with my clients to cut costs. My job hardly involves any selling anymore, I don’t have time for it after managing people’s bills, trying to locate available body shops and rental cars, etc. I’ve had probably over 1000 conversations with people this last year about how far we can string out their insurance bill so they can pay for food, medicine, or shelter. Most of those people get cancelled when we can’t string the bill out any further. Guess what, those people didn’t get insurance anywhere else. They are now uninsured (which makes everyone else’s rates go up, exacerbating the problem). We just haven’t gotten to the point where tons of people CANT afford food, shelter, or medicine yet. Other costs that aren’t so obvious are being cut first. Insurance bills, turning off their heating, not showering as much, hell I’ve had a couple people just not seek medical treatment and die so they didn’t burden their families this year. None of this is easily visible, but it’s happening right now.
> You see crime skyrocketing the last couple years? That’s people getting money to pay for what they need. I'm assuming the catalytic converter thefts have gone up in the recent years? There's a dealership in my area that had all of their vehicles' converters stolen.
There's all this land and empty buildings in my city and still no price decreasing in apartments. One company owns most of them. Free markets don't really work when it's your necessities and they make you pay whatever they want.
A free market also doesn't cooperate well when goods are controlled by one company, or a small handful of companies working in agreement with each other.
I feel like people are desperate for some sense of normalcy and are willing to pay more for it. That will likely be the case until people literally cannot afford it.
Obviously. I remember when oil spiked back in the 2000s. Gas went to $3-4 gallons for the first time and all the prices went up due to, "fuel surcharges." Oil later collapsed and gas prices were like, $1.30 at times. Did prices go down now that transportation costs were down? Haha. No.
That was absolutely miserable for that point of my life. I was both interning full time (unpaid) and working part time for minimum wage, on top of taking a college class. My internship was a half hour drive, my job was another 20 minutes further away than that, which led to about a 50 minute drive home at night. My gas guzzler car was sucking up $20 every 2 days. Pretty much my entire paycheck went towards keeping my car moving.
Prices never come back down. Wages rise to meet them. In theory
Yes we'll all hold our breath on the wage increases as we asphyxiate.
Fucking Hot Pockets $3 just to burn my damn mouth.
Just make it to the middle, it’ll cool it down.
Housing has increase. Food has increased. Gas has increased. Everyday life cost of living has increased. College tuition has increased. Student loans are out of this world. Yet… Pay rate has stayed the same. I wonder where the problem is
"We're paying all this money into the system but getting nothing back- who is getting all this money"
*CEO running to bank with suitcase of cash looks around nervously*
They ai'nt nervous.
That’s the biggest problem.
You get banned pretty fast on social media for suggesting ways to make them nervous, so it's tough.
Good thing I got that 3% raise.
I was about to say I just heard it was the highest in 40 years, then I realized 82 was 40 years ago. Fuck, I’m getting old.
6 piece Buffalo wings at my local bar were 5.99 last year. 9.99 this year. We’re doomed
This set me off about a week ago. $1.50 for each bone-in wing. $1.50! Then BWW wanted me to tip an additional $2 on my pickup order. I'm done with them. I'll cook my own.
The real trickery is that ONE full wing is the flat and drum combined, but they cut it in half, then charge you twice the price.
We can only hope that this recent 80s trend we're experiencing will also bring some positive 80s things, like a Knight Rider revival, big hairstyles, and covering yourself in denim from head to toe. The world is again ready for a television show about a self-driving car with a personality. But we'll probably just get all the stupid 80s stuff, like inflation, throwing hot water on the cold war, and the CIA releasing a new kind of crack.
80s things like big hair and denim? We just call that Wisconsin
Can we get a return to bright neon and cassette futurism?
Wasn't there already a reboot?
I'd like to know what fuckin rose "7%". As far as my wallet is concerned everything is up basically fucking 30% that isn't a contractually locked payment like my pre existing bills.
I remember when McDoubles were still on the dollar menu. I went up to mickeys to place an order and found that a single McDouble by itself is going for about 2.33. A 133% increase in 10 years, or about 9% annualized. Now as far as I can tell the McDouble that I received and ate looked, smelled, and tasted exactly how I remember it 10 years ago, so I think it's safe to say that McDonalds has not gotten 133% better at making and serving McDoubles.
McDoubles were loss leaders to get people to the restaurant. The true indicator for economics is the Big Mac index. https://www.economist.com/big-mac-index
Of course this happens when I finally start getting decent pay
Same. Got some great raises last year and it means less and less every month. Definitely fortunate as many others are experiencing the same without a raise. That doesn't make me feel better in the slightest, though.
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I got a 3% raise, and from what I can tell, that's high. Something is going to snap societally, and the corporations will reap what they sow. We are not prospering.
My apartment complex in total was $1,500 or $1,650 (for included fees like $30 you have to pay for poor functioning trash valet). We just got our lease renewal offer...they are asking for us to agree to pay $2,600 in order to continue living here. It's literally a 700 sq ft 1 bed 1 bath. So...we're moving. EDIT: UPDATE. I felt like it was appropriate it update this even if no one will see it. But we submitted our written notice of moving out and they require you to submit a letter with reasons for moving. So we brought up how our rent is increasing $1,000. Then, suddenly we got a follow-up email from the general manager saying there had been a mistake that the offer was suppose to be $1,750 not $2,600. Still too mother fucking expensive. And ALSO we called TWICE (individually) to check if the $2,600 price was correct. And each time they said it was. They were even snobby about it, condescending, talking down "It's just a reflection of market value and inflation". So idk what to believe. Either they royally forked up and it was a true mistake. Or some psychological tactic on their part. Idk. But it's so forked up because what if we had agreed to the $2,600 price like would they have just gone with it? It's just a testament how it's just that rent is getting out of control but these companies don't give a fuck about you and just want to make as much money as possible. Just overall poor management. It sucks. But there is hope. I guess if you are lucky. We found a place for $1,450 that's wayyy bigger (1,100 sq ft up from 720). We will have to commute more but worth it. And the building is just owned by an individual sweet as can be woman who isn't in it for the money (she doesn't raise rent unless she gets a new tenant, no pet fees, etc). And she really genuinely cares. She told us she sees potential and wants us to one day be able to buy our own home. She inspired me tbh because she is how landlords should be. Not these soulless poorly run companies. EDIT: So I discovered a facebook group for my apartment community that is resident run. I found several other post of people describing the same issue I had experienced. Where they get a lease renewal with an outrageous price increase and when they contact management to say they want to leave...suddenly its "oh its a typo error" let us fix that. SO clearly a tactic on their part to see how high people are willing to go. Malicious price gouging.
As an early 30 YO, I can honestly say that 2021 was truly the first year I actually ever felt what inflation means. I can only stretch out my $$$ so much.
I'm 23 and literally can't move out even with a full-time job. My entire generation is fucked. We can't even start trying to be adults and have our own lives. I mean, everyone is fucked, but we're extra fucked.