Inflation here? gas/grocery prices just continue to climb (3 Viewers)

[Superfan]

This is 2007 all over again. Rates are high. My COGS are up 70% in 16 months. This isn’t normal. It’s happening too rapidly. Soon rates will be so high everyone in a home will be underwater and hopefully prices plummet.

Another lie is the jobs report. No one is working. People think unemployment is low. That is a huge lie and the Fed knows it.

 

[efil4stnias]

This is 2007 all over again. Rates are high. My COGS are up 70% in 16 months. This isn’t normal. It’s happening too rapidly. Soon rates will be so high everyone in a home will be underwater and hopefully prices plummet.

Another lie is the jobs report. No one is working. People think unemployment is low. That is a huge lie and the Fed knows it.

if you bought post 2019, yes you will. ( unless you put down 20-25% in cash )

I have a good bit of young families in my hood. My biggest fear for them is when the market does turn, along with the economy, that leaves them in a very precarious position, financially. There is no greater stresser than financial woes.

 

[Eeyore]

This is 2007 all over again. Rates are high. My COGS are up 70% in 16 months. This isn’t normal. It’s happening too rapidly. Soon rates will be so high everyone in a home will be underwater and hopefully prices plummet.

Another lie is the jobs report. No one is working. People think unemployment is low. That is a huge lie and the Fed knows it.

People are still living off of last year's stimulus check

 

[bigdaddysaints]

People are still living off of last year's stimulus check

lol..

 

[itztime]

People are still living off of last year's stimulus check

That went to side x side's that are now on sale on various marketplaces and contributed to the crab leg shortage .

 

[bigdaddysaints]

That went to side x side's that are now on sale on various marketplaces and contributed to the crab leg shortage .

I just want to know who can live 2 years off of $1200 a person. I need them to teach me this life hack...

 

[itztime]

I just want to know who can live 2 years off of $1200 a person. I need them to teach me this life hack...

Agreed, our grocery receipt for 4 says otherwise.

 

[efil4stnias]

Agreed, our grocery receipt for 4 says otherwise.

no joke.

Went Sat as i was doin burgers on pit.

wanted to get fresh head of iceberg and some other stuff.

Iceberg lettuce was $2.99/head.

it used to be $.79/head.

Didnt buy- bought Romaine instead. and this weekend im pulling up my celery and planting my own Romaine.

 

[Sailorsaint]

no joke.

Went Sat as i was doin burgers on pit.

wanted to get fresh head of iceberg and some other stuff.

Iceberg lettuce was $2.99/head.

it used to be $.79/head.

Didnt buy- bought Romaine instead. and this weekend im pulling up my celery and planting my own Romaine.

I wish I had a green thumb. I've tried and failed at gardens over the years. The only things I can grow are peppers and when I get lucky, tomatoes.

 

[efil4stnias]

I wish I had a green thumb. I've tried and failed at gardens over the years. The only things I can grow are peppers and when I get lucky, tomatoes.

We got a thread...ask away...it's really simple. Plant when time is right, spacing and compost/proper fertilizer.

 

[Sailorsaint]

We got a thread...ask away...it's really simple. Plant when time is right, spacing and compost/proper fertilizer.

Oh, I didn't go into it willy nilly, for sure. I even had my grandmother try and show me. And she could grow a rock from a pebble.

 

[efil4stnias]

Oh, I didn't go into it willy nilly, for sure. I even had my grandmother try and show me. And she could grow a rock from a pebble.

Well if you grow peppers and tomatoes, you can grow just about anything else.

 

[Icon]

With "existing" being so pricey right now......how are so many places still looking for employees?

For a while, the grumbling was "they're paying people to stay home".......but there's no way people are still living off the $1,400 per person in a household that they may have gotten over a year ago, and the additional unemployment funds have long since dried up.

 

[efil4stnias]

With "existing" being so pricey right now......how are so many places still looking for employees?

For a while, the grumbling was "they're paying people to stay home".......but there's no way people are still living off the $1,400 per person in a household that they may have gotten over a year ago, and the additional unemployment funds have long since dried up.

The old "I'll just pay on credit til things get better" thought process??

 

[Superfan]

With "existing" being so pricey right now......how are so many places still looking for employees?

For a while, the grumbling was "they're paying people to stay home".......but there's no way people are still living off the $1,400 per person in a household that they may have gotten over a year ago, and the additional unemployment funds have long since dried up.

People got use to the Covid lifestyle. Minimal stuff. Plus people have now gone into multi family home lifestyles. Imagine one person works. Two on ebt and other subsidies and it’s a 4 bedroom house. Everyone has a roll and all are surviving together.

We went into some buying FHA and starting out. Others are clamping down and not working which is a lot and the rest is the rich. We have a major shrinking middle class currently and it will show it’s signs soon enough.

Go spot check price of lumber. Price of iron and cotton. Then look at inflation and interest rates. How call they all be going up so rapidly and no collapse yet? I think the rich and buying time for position and then the bottom falls out. If I need investment capital to hire some people the rates need to be low but the fed thinks unemployment is so low which it isn’t. You can tell by the amount of job openings from the lowest to specialized. The problem is people don’t want to make a move because it’s hitting their pocket books. Maintain status quo. No risk. Groceries and such aren’t as bad as some of the products I sell. If anyone is interested pm me and I’ll share emails about price increases that would scare you. Some items 16 months ago up 70%. Other up 400%. This summer you all will see