Property taxes assessed on a primary residence are based on it's last sale price plus a formulated increase on that value each year making current assessed value far below it's true market value. If that house were sold today, it's current sales price would then be used to assess a much higher property tax for the new owner.
Selling a house to buy another includes the expense of an updated value on the new house (higher property taxes) as well as the realtor fee.
Bought a new home last year. Cost about 50% more than value of last home. Homeowners insurance was 75% of amount I was paying on old house. Same company. Not sure if it’s because it’s a newer home or if they were just trying to underbid the finance companies insurance quote. But I’m sure it will gradually tick up.
As others stated, I would be shopping around for different insurance.
@bigjpst said:
Bought a new home last year. Cost about 50% more than value of last home. Homeowners insurance was 75% of amount I was paying on old house. Same company. Not sure if it’s because it’s a newer home or if they were just trying to underbid the finance companies insurance quote. But I’m sure it will gradually tick up.
As others stated, I would be shopping around for different insurance.
Does seem to be an exception. I suspect it may be a nice lower rate to keep you with their company at the start... and as you say will start climbing in rates each year. My insurance has been climbing relentlessly each year, with no claims being made. Shopping around for other insurance does not seem to make much difference.
Year on year, the PPI surged 7.3%. That was the biggest year-on-year rise since November 2010 and followed a 6.6% advance in May. Month on month, PPI was up a full 1% against expectations of a 0.6% gain.
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
oh theres discounts in play, but if this is the new reg then so be it
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
Of course there are loss leader sales every week... my store has them also. Check out the 'normal' listed prices for when a sale is not in place.
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
Of course there are loss leader sales every week... my store has them also. Check out the 'normal' listed prices for when a sale is not in place.
True, but who in their right mind would buy those items at a regular price? Sodas are constantly on sale & so are meat, poultry, pork & seafood items, along with sales in just about every department. It's been a long time since I paid full price for anything at a grocery store.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
So, 24 bottles of Coke at 37.5 cents each vs 30 bottles of Pepsi for 36.67 cents each? Probably a more convincing inflation example would be home prices, not sodas
@DrBuster said:
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
So, 24 bottles of Coke at 37.5 cents each vs 30 bottles of Pepsi for 36.67 cents each? Probably a more convincing inflation example would be home prices, not sodas
In 'merica it's all about Coke, Pepsi, Big Macs and Whoppers. Not much else matters. Crazy country!
An example of shrinkflation that I had no clue about until my brother mentioned it to me. I would have expected toilet paper to start having fewer squares, but never imagined they would reduce the width. But appears they are doing so; found this online:
"an old roll was 4.5 inches wide, a new roll, 3.75 inches."
Wonder if the same thing is happening with tissues such as Kleenex?
Purchased today, one large coffee and one blueberry muffin $15 one pina colada $23. Yesterday one bacon cheeseburger, one cheese fries one vanilla shake $32.
Being old and on fixed income please allow me to vent.
I can’t watch the news anymore and I worry about our future. Maybe my parents were saying the exact same things when I was growing up in the 60s.
In the end everyone appears to keep blaming everyone else for our problems but nobody addresses the real issue. As a collective we have nobody to blame but ourselves (look in the mirror) because we keep electing idiots to run our lives.
Now in terms of gold and silver I always thought holding a small amount of an individuals liquid net worth in physical is the way to go and it’s better to have it and not need it, than need it and not have it.
Thank you, now I feel better.
@Baley said:
Purchased today, one large coffee and one blueberry muffin $15 one pina colada $23. Yesterday one bacon cheeseburger, one cheese fries one vanilla shake $32.
No buffet for the Baleys, I'm 6ft/170lbs, my teenagers are both 5-9/105. We went to Carmine's for dinner, split angel hair and meatballs 3 ways, with bread and a drink each for a total of $90 including a 30% tip.
I think the scariest part about the inflation is the breakdown in the supply chain. Chips are one of the biggies but there are cracks in the system everywhere. There seems to be random empty store shelves that changes weekly. If you can't get one part for whatever you are manufacturing you can't sell it. My wife works at a high tech manufacturer and they can't find enough employees to do the work offered so they have to turn down jobs. They make specialty parts for many types of companies including auto, petro and aerospace.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
@tincup said:
An example of shrinkflation that I had no clue about until my brother mentioned it to me. I would have expected toilet paper to start having fewer squares, but never imagined they would reduce the width. But appears they are doing so; found this online:
"an old roll was 4.5 inches wide, a new roll, 3.75 inches."
Wonder if the same thing is happening with tissues such as Kleenex?
I've mentioned the shrinking TP before on these inflation report threads. TP manufacturers have been shrinking the rolls for around 3 years now, take a look at your toilet paper holder.
I buy a lot of stuff in bulk and have a bunch of storage/shelving in my basement, so when size changes I usually notice when I'm switching to the "newer" supply. I opened a new box of old spice deodorant a few days ago and they reduced their deodorant sticks sometime over the last year from 4oz to 3oz, lol. The container it is in weighs more than the actual product. Guess I need to find a new brand to start using...
In other news, lemons and oranges will soon be free again in Baleyville. Every third castle and keep in the territory will have basket at the end of the driveway.
Just past the moats amd right next to the archers towers. 😉
Milk and gas has doubled since the new administration took the helm. Metal is always a bargain, unlike toilet paper and other necessities. Got canning lids ? Crypto is in, masks are on, while shots ain't what they used to be. So now, they're free. That oughta tell us something.
The lumber shortage obviously has started to work itself out. Like many other things it was pandemic induced. Production was shut down, people doing DIY projects while at home etc. Huge supply side disruptions. This could be said about a lot of materials. Inflation and supply side disruptions are two different things although they feel the same at the cash register in real time. However, supply side seems to work it's way though the system faster. It's one of many reasons inflation hedges like gold have taken a huge hit. It's not as bad as it seemed and inflation in general was at relatively low jumping off point pre pandemic.
In my industry it's container and shipping costs that have soared. Once the backlog has cleared it will dissipate.
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Baley said:
Oh, look! They made some more 2x4s and plywood! That wasn't the end of sticks and boards after all!
Who would have expected??
Prices fluctuate as supply fluctuates. Current availability affects current prices. Price is not a fixed variable simply because supply is not a fixed variable. Reducing volatility in prices to protect both consumers and producers was one of the foundations for the commodity futures markets.
I Remember reading a report once that claimed food store inventories were so tight that just a three-day trucking stoppage could empty major chain grocers' shelves. Scary to know that it can all disappear in only three days.
Nations should categorize the types of goods in transit and have rules in place to give priority to life dependent products in times of supply chain interruptions. In dire straits containers of clothing should be required to sit on the docks while priority is given to food, medicine, etc. The color coding of shipping containers is one step that could accelerate the movement of essential items through the supply chain in times of shipping delays. Also, ships carrying survival essentials could be given priority through busy maritime canals. The time will come when taking these advanced planning steps now will have proven to be wise risk planning.
@Justacommeman said:
The lumber shortage obviously has started to work itself out. Like many other things it was pandemic induced. Production was shut down, people doing DIY projects while at home etc. Huge supply side disruptions. This could be said about a lot of materials. Inflation and supply side disruptions are two different things although they feel the same at the cash register in real time. However, supply side seems to work it's way though the system faster. It's one of many reasons inflation hedges like gold have taken a huge hit. It's not as bad as it seemed and inflation in general was at relatively low jumping off point pre pandemic.
In my industry it's container and shipping costs that have soared. Once the backlog has cleared it will dissipate.
m
But we’re still 6-9 months until this happens, maybe longer. We’re scheduling 3-4 air freights a month for the foreseeable future as sea freight is too unreliable.
Comments
Property taxes assessed on a primary residence are based on it's last sale price plus a formulated increase on that value each year making current assessed value far below it's true market value. If that house were sold today, it's current sales price would then be used to assess a much higher property tax for the new owner.
Selling a house to buy another includes the expense of an updated value on the new house (higher property taxes) as well as the realtor fee.
Give Me Liberty or Give Me Debt
My first house was reassessed every 3 years. Only in between did they do the minor ticks up.
Bought a new home last year. Cost about 50% more than value of last home. Homeowners insurance was 75% of amount I was paying on old house. Same company. Not sure if it’s because it’s a newer home or if they were just trying to underbid the finance companies insurance quote. But I’m sure it will gradually tick up.
As others stated, I would be shopping around for different insurance.
My Ebay Store
Price increases? Just looking back at some of my 2008 US Mint gold purchases in my "order history":
2 coin 1/2 oz. AGE Prosperity sets - $1083 ea.
4 coin "W" uncirc. AGE sets - $1862 ea.
Give Me Liberty or Give Me Debt
Does seem to be an exception. I suspect it may be a nice lower rate to keep you with their company at the start... and as you say will start climbing in rates each year. My insurance has been climbing relentlessly each year, with no claims being made. Shopping around for other insurance does not seem to make much difference.
While the Fed Fiddles, the Dollar Burns:
"Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems."
Give Me Liberty or Give Me Debt
The Talk of CNBC
find Lumber
One Year Performance
Long VIX, Short Soybean Oil?
Year on year, the PPI surged 7.3%. That was the biggest year-on-year rise since November 2010 and followed a 6.6% advance in May. Month on month, PPI was up a full 1% against expectations of a 0.6% gain.
Got gold and silver?
Just hit the grocery store, 12 packs of sodas all over $6, would never see them above $4 until today. That's gas station prices usually around here.
I suppose it depends on your locale. Yesterday I purchased 4 x 6 packs 16 oz bottles of coke for $9.00 at my local Safeway. Last week you could buy 5 x 6 packs 16 oz bottles of Pepsi for $11.00.
"Inflation" is just another word for a dollar that is losing its purchasing power.
Let's print some more!
Give Me Liberty or Give Me Debt
oh theres discounts in play, but if this is the new reg then so be it
Of course there are loss leader sales every week... my store has them also. Check out the 'normal' listed prices for when a sale is not in place.
"Inflation" is just another word for a dollar that is losing its purchasing power.
Let's print some more!
And then let's use the free money to buy votes and pay off our buddies, and maybe a few extra mil to the big guys.
I knew it would happen.
Stamps going up 3c to 58.
True, but who in their right mind would buy those items at a regular price? Sodas are constantly on sale & so are meat, poultry, pork & seafood items, along with sales in just about every department. It's been a long time since I paid full price for anything at a grocery store.
Just a matter of time before "sale" prices are higher than current regular prices. That's how inflation works.
Give Me Liberty or Give Me Debt
I wish I could say the same about PM's
So, 24 bottles of Coke at 37.5 cents each vs 30 bottles of Pepsi for 36.67 cents each? Probably a more convincing inflation example would be home prices, not sodas
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
coke and pepsi have alternating specials. you have to match high price to high price or low price to low price... then watch the highs or lows change
In 'merica it's all about Coke, Pepsi, Big Macs and Whoppers. Not much else matters. Crazy country!
The whole worlds off its rocker, buy Gold™.
An don even get started on kids these days, what's with the hair and the music?
Liberty: Parent of Science & Industry
An example of shrinkflation that I had no clue about until my brother mentioned it to me. I would have expected toilet paper to start having fewer squares, but never imagined they would reduce the width. But appears they are doing so; found this online:
"an old roll was 4.5 inches wide, a new roll, 3.75 inches."
Wonder if the same thing is happening with tissues such as Kleenex?
Purchased today, one large coffee and one blueberry muffin $15 one pina colada $23. Yesterday one bacon cheeseburger, one cheese fries one vanilla shake $32.
Liberty: Parent of Science & Industry
Being old and on fixed income please allow me to vent.
I can’t watch the news anymore and I worry about our future. Maybe my parents were saying the exact same things when I was growing up in the 60s.
In the end everyone appears to keep blaming everyone else for our problems but nobody addresses the real issue. As a collective we have nobody to blame but ourselves (look in the mirror) because we keep electing idiots to run our lives.
Now in terms of gold and silver I always thought holding a small amount of an individuals liquid net worth in physical is the way to go and it’s better to have it and not need it, than need it and not have it.
Thank you, now I feel better.
BOGO?
Give Me Liberty or Give Me Debt
Poolside, Ceasars Palace Las Vegas
Liberty: Parent of Science & Industry
Has the buffet appreciated appreciably?
It was fabulous when I did it last month as I recall $80 ish a head!
No buffet for the Baleys, I'm 6ft/170lbs, my teenagers are both 5-9/105. We went to Carmine's for dinner, split angel hair and meatballs 3 ways, with bread and a drink each for a total of $90 including a 30% tip.
Liberty: Parent of Science & Industry
tongue in cheek
I think the scariest part about the inflation is the breakdown in the supply chain. Chips are one of the biggies but there are cracks in the system everywhere. There seems to be random empty store shelves that changes weekly. If you can't get one part for whatever you are manufacturing you can't sell it. My wife works at a high tech manufacturer and they can't find enough employees to do the work offered so they have to turn down jobs. They make specialty parts for many types of companies including auto, petro and aerospace.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
I've mentioned the shrinking TP before on these inflation report threads. TP manufacturers have been shrinking the rolls for around 3 years now, take a look at your toilet paper holder.
I buy a lot of stuff in bulk and have a bunch of storage/shelving in my basement, so when size changes I usually notice when I'm switching to the "newer" supply. I opened a new box of old spice deodorant a few days ago and they reduced their deodorant sticks sometime over the last year from 4oz to 3oz, lol. The container it is in weighs more than the actual product. Guess I need to find a new brand to start using...
How many squares does one need , anyway?
Maybe consult your doctor rather than your banker🤣
Liberty: Parent of Science & Industry
Expect coffee to start rising... Brazil crop slammed by freeze and drought. But maybe other countries outputs will take up the slack.
LUMBER!
Hi Ho silver! 3 short steps from the absolute gutter. Congrats on buying high again Derbs. lol
The whole worlds off its rocker, buy Gold™.
Past 12 Months?
Lumber!
Oh, look! They made some more 2x4s and plywood! That wasn't the end of sticks and boards after all!
Who would have expected??
Liberty: Parent of Science & Industry
In other news, lemons and oranges will soon be free again in Baleyville. Every third castle and keep in the territory will have basket at the end of the driveway.
Just past the moats amd right next to the archers towers. 😉
Liberty: Parent of Science & Industry
Milk and gas has doubled since the new administration took the helm. Metal is always a bargain, unlike toilet paper and other necessities. Got canning lids ? Crypto is in, masks are on, while shots ain't what they used to be. So now, they're free. That oughta tell us something.
.> @MsMorrisine said:
I think you meant TIMBER!!!
Knowledge is the enemy of fear
The lumber shortage obviously has started to work itself out. Like many other things it was pandemic induced. Production was shut down, people doing DIY projects while at home etc. Huge supply side disruptions. This could be said about a lot of materials. Inflation and supply side disruptions are two different things although they feel the same at the cash register in real time. However, supply side seems to work it's way though the system faster. It's one of many reasons inflation hedges like gold have taken a huge hit. It's not as bad as it seemed and inflation in general was at relatively low jumping off point pre pandemic.
In my industry it's container and shipping costs that have soared. Once the backlog has cleared it will dissipate.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I can still get a the best pineapple in the world under $3 at Walmart. It's been under $3 for years. Everything else, not so much.
Prices fluctuate as supply fluctuates. Current availability affects current prices. Price is not a fixed variable simply because supply is not a fixed variable. Reducing volatility in prices to protect both consumers and producers was one of the foundations for the commodity futures markets.
Supply chain interruptions have recently become a major source of shortages and therefor price increases. World supply chain logistics are fixin' to see another slow down.
I Remember reading a report once that claimed food store inventories were so tight that just a three-day trucking stoppage could empty major chain grocers' shelves. Scary to know that it can all disappear in only three days.
Nations should categorize the types of goods in transit and have rules in place to give priority to life dependent products in times of supply chain interruptions. In dire straits containers of clothing should be required to sit on the docks while priority is given to food, medicine, etc. The color coding of shipping containers is one step that could accelerate the movement of essential items through the supply chain in times of shipping delays. Also, ships carrying survival essentials could be given priority through busy maritime canals. The time will come when taking these advanced planning steps now will have proven to be wise risk planning.
Give Me Liberty or Give Me Debt
But we’re still 6-9 months until this happens, maybe longer. We’re scheduling 3-4 air freights a month for the foreseeable future as sea freight is too unreliable.