patrick.net

zzyzzx says

New Reese’s packaging. Now you only get 4 cups instead of 5

yeah just noticed at Walmart that the Great Value brand for the chocolate bar that is similar to Snickers is now at 4 bars instead of 5 bars but still same price of $2.56

they switched from 5 to 4 bars recently

its going to be interesting to see the inflation numbers through February 2026

I just pray the manufacturing jobs, trade deficit and federal deficit numbers for 2025 look a lot better than Birdbrain Biden's 2024 numbers

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zzyzzx says

New Reese’s packaging. Now you only get 4 cups instead of 5

Maybe with all this smaller portion packaging we will see some waistline shrinkflation as well.

zzyzzx says

New Reese’s packaging. Now you only get 4 cups instead of 5

Brought to you by MAHA.

The_Deplorable says

zzyzzx says

"US Mint to stop making pennies."

This is not good. We need to restore the value of the dollar and not admit
defeat by eliminating the penny. Besides, the Globalists want to eliminate
the dollar. Is this where we are headed?

I agree, but what we really need is a return to physical silver coins.

That was the anchor which prevented the Fed from inflating the currency into nothingness.

Rent going up

https://www.barrons.com/articles/apartment-glut-ending-demand-rising-rents-headed-up-ab2ade9d

The high cost of buying a home makes renting look good in comparison. As demand intensifies, rent hikes are on the horizon.

With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents told Fannie Mae in April that they would rent instead of buy if they had to move, the highest share since October and more than the long-term average of one in three.

Rent growth slowed over the past several years as the largest surge of new multifamily buildings in decades began working its way onto the market. But that is beginning to ebb. Multifamily construction completions peaked at a roughly five-decade high last August, and are down 28% since then, census data show.

“Apartment fundamentals are past peak pain,” says David Kirshenbaum, the assistant portfolio manager of the $2.06 billion Baron Real Estate Fund. “As fundamentals improve, and as demand continues, many landlords are already talking about the possibility of additional rent spikes if we look out over the next 12 to 24 months.”

https://x.com/gc22gc/status/1936208917094449374

The_Deplorable says

https://x.com/gc22gc/status/1936208917094449374

Those costs are "sunk costs" as far as the deployment to the Middle East; they were already going to spend the money as they were approved by Congress and signed by Biden into appropriations law.

You will know if Trump asks Congress for more money related to the attack on Iran.

So let's see in January of next year how the deficit is for FY 2025 and also the debt to GDP ratio.

One good news item is at least the debt to GDP ratio has settled around 120% ; it was around 109% in January 2020.

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AD says

"Those costs are "sunk costs"

Nonsense. Trump is starting another useless war because Iran has
Weapons of Mass Destruction. Sounds familiar?

Officially, the National Debt is now over $37 TRILLION and counting. On top of that, add another $150 TRILLION in off budget obligations.

How many more $ TRILLIONS is this war with Iran going to cost? Any guesses??

RayAmerica says

Officially, the National Debt is now over $37 TRILLION and counting. On top of that, add another $150 TRILLION in off budget obligations.

How many more $ TRILLIONS is this war with Iran going to cost? Any guesses??

What makes you think its going to cost more than already what is budgeted for FY 2025 and proposed for FY 2026 ? Maybe the bunker buster bombs already were earmarked to be used in the Middle East when their inventory reached as least 20 bombs during the B.O. admin (2009 to 2017).

https://x.com/calvinfroedge/status/1936521743696535656

The_Deplorable says

https://x.com/calvinfroedge/status/1936521743696535656

NAFTA, and other free trade agreements, along with mass immigration.

AD says

What makes you think its going to cost more than already what is budgeted for FY 2025 and proposed for FY 2026 ? Maybe the bunker buster bombs already were earmarked to be used in the Middle East when their inventory reached as least 20 bombs during the B.O. admin (2009 to 2017).

Yeah. Trump likes to go out to the tool shed and get some tools. Then they'll throw out that is was a $2B attack. Funny, that was paid over 10 years ago under another Congress and POTUS. Trump USED $2B of supplies in the shed. Media sucks and lies.

I do love that Trump draped the F bomb on camera knowing it would be recorded. I swear a lot, but that was straight up honesty. He's pissed off. Sometimes those words are needed. I'm pretty sure all nations know the work fuck. I'm calling it the fuck heard round the world.... lol.

zzyzzx says

Median price for a detached single family home in St Petersburg, FL is around $425,000.

So would need at least $125,000 in annual household income to afford that and have enough disposable income (assuming at most a 5% down payment).

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AD says

So would need at least $125,000 in annual household income to afford that and have enough disposable income (assuming at most a 5% down payment).

Rocket Mortgage is advertising on the radio a 1% down.

PCE reported today. Annual inflation at 2.3% ending May 2025 compared to 2.1% ending April 2025.

This meme sums up over inflated RE more than 20 years of Patrick.net convos, debates, posts and hills to die on.
The_Deplorable says

1977 prices

$1 dollar in 1977 is equivalent to around $4.25 in today's dollars

you would never get these deals like all you can eat fried fish meal for less than $10 in anywhere

I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…
Didn’t make him happy.

Tenpoundbass says

This meme sums up over inflated RE more than 20 years of Patrick.net convos, debates, posts and hills to die on.
The_Deplorable says

The_Deplorable says

This is one example that anyone can see and there no evidence that the current trend would stop anytime soon!

Shaman says

I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…

Proving that inflation exists does not mean buying a house is a bad idea. If one is going to be staying in an area for several years, buying a house is a good hedge against that inflation.

“Americans as of Sunday faced a 20.6% average effective tariff rate, according to the Yale Budget Lab, the highest since 1910.
The full effect of the tariffs might not be felt for months …. But the … resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income.”

0% inflation last month

PanicanDemoralizer says

0% inflation last month

But, but TARIFFS CAUSE INFLATION!

MolotovCocktail says

PanicanDemoralizer says

0% inflation last month

But, but TARIFFS CAUSE INFLATION!

They do. The effect was offset by lower gasoline and used car prices, so the headline number came up prettier than it should have been. And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.

RWSGFY says

They do.

No. They don't. Because tariffs cause demand destruction, which is deflationary.

RWSGFY says

And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.

Then explain the tax revenues from this last quarter?

RWSGFY says

The effect was offset by lower gasoline and used car prices,

Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.

stereotomy says

RWSGFY says

The effect was offset by lower gasoline and used car prices,

Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.

There isn't? What happened?

MolotovCocktail says

Then explain the tax revenues from this last quarter?

Expand on the ask.