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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   167,847 views  1,752 comments

by PanicanDemoralizer   ➕follow (10)   ignore (3)  

Since we know the numbers are going to suck since Peppermint Patty is leading the Amen Corner Media to blame Putin for it:
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati

Frankly, I prefer my spaceship to have big tits and not fake inflated ones.

EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'

https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net

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1732   AD   2025 Jun 27, 12:22pm  

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).

.
1733   MolotovCocktail   2025 Jun 27, 12:32pm  

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.
1734   AD   2025 Jun 27, 1:52pm  

PCE reported today. Annual inflation at 2.3% ending May 2025 compared to 2.1% ending April 2025.
1736   Tenpoundbass   2025 Jun 29, 8:14pm  

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




1737   AD   2025 Jul 3, 8:46pm  

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


1742   Shaman   2025 Jul 11, 2:02pm  

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






1743   Blue   2025 Jul 11, 3:51pm  

The_Deplorable says





This is one example that anyone can see and there no evidence that the current trend would stop anytime soon!
1744   HeadSet   2025 Jul 11, 7:07pm  

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.
1745   RWSGFY   2025 Jul 16, 8:22am  

“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.”
1746   PanicanDemoralizer   2025 Jul 16, 9:06am  

0% inflation last month
1747   MolotovCocktail   2025 Jul 16, 9:51am  

PanicanDemoralizer says

0% inflation last month


But, but TARIFFS CAUSE INFLATION!
1748   RWSGFY   2025 Jul 16, 10:03am  

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.
1749   MolotovCocktail   2025 Jul 16, 10:16am  

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?
1750   stereotomy   2025 Jul 16, 10:38am  

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.
1751   RWSGFY   2025 Jul 16, 10:40am  

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?
1752   RWSGFY   2025 Jul 16, 10:41am  

MolotovCocktail says


Then explain the tax revenues from this last quarter?


Expand on the ask.

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