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How hard is inflation going to hit, or has hit?

Fortunately, after 2 years of "8%" inflation, it sounds like the workers commune is going to get 4% annual pay raises again :laughing:
I heard 7% over 2 years and an extra $2k if you get a booster and stay for a year. Hopefully they'll bump that King County premium pay up too:homer:
 
Just red an article that the feds strategy to reign this in, instead of stopping printing money at the will of the .gov, is to target 1million layoffs so people stop spending and wages stagnate to cool this off, as they are blaming this on wage growth now.:mad3: :flipoff: fuck these pieces of shit. Would be nice if we actually lived in a capitalist society and not a centrally planned socialist oligarchy.
 
Just red an article that the feds strategy to reign this in, instead of stopping printing money at the will of the .gov, is to target 1million layoffs so people stop spending and wages stagnate to cool this off, as they are blaming this on wage growth now.:mad3: :flipoff: fuck these pieces of shit. Would be nice if we actually lived in a capitalist society and not a centrally planned socialist oligarchy.
Awesome :lmao:
 
Holy shit!

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Just red an article that the feds strategy to reign this in, instead of stopping printing money at the will of the .gov, is to target 1million layoffs so people stop spending and wages stagnate to cool this off, as they are blaming this on wage growth now.:mad3: :flipoff: fuck these pieces of shit. Would be nice if we actually lived in a capitalist society and not a centrally planned socialist oligarchy.
That's not regular stupid, that's advanced stupid
 
Just red an article that the feds strategy to reign this in, instead of stopping printing money at the will of the .gov, is to target 1million layoffs so people stop spending and wages stagnate to cool this off, as they are blaming this on wage growth now.:mad3: :flipoff: fuck these pieces of shit. Would be nice if we actually lived in a capitalist society and not a centrally planned socialist oligarchy.
The problem is that the .gov is addicted to the spending, and like a junkie that's been living on nothing but heroin, it's not just that it would be painful to stop, but it could well cause their own collapse.

I'm not defending the strategy, just that for the .gov it's a lot less painful if some people lose their jobs and their lifestyles than to even try to reign in their own excess.

Like they say, we're living in interesting times. :laughing:
 
Just red an article that the feds strategy to reign this in, instead of stopping printing money at the will of the .gov, is to target 1million layoffs so people stop spending and wages stagnate to cool this off, as they are blaming this on wage growth now.:mad3: :flipoff: fuck these pieces of shit. Would be nice if we actually lived in a capitalist society and not a centrally planned socialist oligarchy.
well fuck, shouldn't have bought metals when old machine tools are gonna get cheap
 
Had to yell at the cashier, rang up as $27.99. I swear prices change 10% over night. And no one cares...

I love the high interest rates though :smokin:

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You make that up in property tax.
It's why I don't live in TX anymore.

Right now it's break- even either AR state income tax, or TX sky high property tax. When I'm older (if TX) and have nice property with reduced income then I'll be making a "house payment" to the state to allow me to keep what I already paid for.

As much as I dislike state income tax, it's better than the alternative.
 
Yes, 2 or 3 more properties and I'll be at new jersey levels :eek:
When I was in TX, my property tax bill was $3200 on a home assessed at $109k. A full 2.9% after exemptions. In 2020, that home's bill was just under $4k on a $127k exemption... apparently taxes increased to 3.1% of assessed value since I left. Meanwhile, I just paid something like $875 on an assessment of $238k here.
It's why I don't live in TX anymore.

Right now it's break- even either AR state income tax, or TX sky high property tax. When I'm older (if TX) and have nice property with reduced income then I'll be making a "house payment" to the state to allow me to keep what I already paid for.

As much as I dislike state income tax, it's better than the alternative.
Exactly. I can easily afford $1k/year in property tax when I am retired. Tripling it on half the value? Not so much.
 
Exactly. I can easily afford $1k/year in property tax when I am retired. Tripling it on half the value? Not so much.
Also, homeowners insurance is higher on TX side. And as high as property tax is now, it'll be double that after the state goes blue. Anybody remember how perma-red Colorado used to be?
 
Holy shit!

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I just checked around me and where we plan on moving next spring at it is at 7%. That is really going to fuck us over. I saw it coming, told my wife it would happen and how the scenario would play out. Soon she will realize exactly how important a few percent can be.
 
Also, homeowners insurance is higher on TX side. And as high as property tax is now, it'll be double that after the state goes blue. Anybody remember how perma-red Colorado used to be?
You’ve been preaching the Texarkana gospel a little hard around here lately

Be careful. Californians are reading :flipoff2::laughing:
 
What is the move? Pay off debt or keep that low interest debt.

Cash on hand or assets payed for? Guess everyone is trying to figure it out. The estimated unemployment is interesting because we haven't filled jobs that are open.
If the government assistance was scaled back, we would see a big shift in the market.
 
I just checked around me and where we plan on moving next spring at it is at 7%. That is really going to fuck us over. I saw it coming, told my wife it would happen and how the scenario would play out. Soon she will realize exactly how important a few percent can be.
Bet mortgages will be north of 10% next year. Good luck!
 
What is the move? Pay off debt or keep that low interest debt.

Cash on hand or assets payed for? Guess everyone is trying to figure it out. The estimated unemployment is interesting because we haven't filled jobs that are open.
If the government assistance was scaled back, we would see a big shift in the market.
Simple calculation: Real inflation (not the official, neutered number, but the real number) > interest rate = Keep debt. Real inflation < interest rate = Sell debt.

Currently everything but most CC debt = keep it, as those inflated dollars will save you a lot of money paying things off.

I was going to pay an assessment up-front for our sewer connection but with inflation running rampant, putting the entire balance on the property taxes at 4% interest is just smart money. In 10 years, what will $15k be worth in today's dollars? $6k? Oversimplification, of course, as I will have to make annual payments, but still... its a big savings.
 
If that happens and there isn't a dramatic drop in house prices it will not be good for the family, I know that for sure.
I want to see the interest rate go however high it has to cause serious financial hardship among the ivory tower assholes who took out an adjustable rate home equity loan on their million dollar piece of shit on 1/8 acre and used it to drive up the cost of everything. If home values tank that's just icing on the cake.
 
Also, homeowners insurance is higher on TX side. And as high as property tax is now, it'll be double that after the state goes blue. Anybody remember how perma-red Colorado used to be?
You’re lucky that you don’t have to carry windstorm like we do on the coast. It’s a royal fucking and there are only a couple of providers.
 
I want to see the interest rate go however high it has to cause serious financial hardship among the ivory tower assholes who took out an adjustable rate home equity loan on their million dollar piece of shit on 1/8 acre and used it to drive up the cost of everything. If home values tank that's just icing on the cake.
Where the fuck did the eye go? :flipoff2:
 
I want to see the interest rate go however high it has to cause serious financial hardship among the ivory tower assholes who took out an adjustable rate home equity loan on their million dollar piece of shit on 1/8 acre and used it to drive up the cost of everything. If home values tank that's just icing on the cake.
It really is starting to feel like there is stratification in the economic class of folks. Top 10% things have been fine and everyone else is just getting more and fucked
 
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