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

45acp said:
Personal cost of living thoughts-

Wife and I were talking last night, after seeing my 1st house back on the market. In the last 20 years, my pay has gone up 10%-ish, and homes have almost tripled. Anecdotal of course

-- same job --
2002- I made $80k no overtime
2022- will make $90k no overtime

-- same house --
2002- bought 1900ft House X for $80k
2022- House X is on market for $230k, relatively unchanged

There are alot of people out there that aren't going to make it (financially) another year. I'm predicting record chapter 7 filings for 23-24. We're about to go through some shit that'll make 07-08 look like vacation.
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I keep saying the same and a lot of people disagree with us.
 
45acp said:
Personal cost of living thoughts-

Wife and I were talking last night, after seeing my 1st house back on the market. In the last 20 years, my pay has gone up 10%-ish, and homes have almost tripled. Anecdotal of course

-- same job --
2002- I made $80k no overtime
2022- will make $90k no overtime

-- same house --
2002- bought 1900ft House X for $80k
2022- House X is on market for $230k, relatively unchanged

There are alot of people out there that aren't going to make it (financially) another year. I'm predicting record chapter 7 filings for 23-24. We're about to go through some shit that'll make 07-08 look like vacation.
Click to expand...
So with that if you bump up wages 20-30% what do you think will happen to the price of the goods and services those wages produce? The prices will skyrocket.

Wages are about 25% of my cost of doing business. Labor as a cost isn’t as big in my business as you say a place like McDonald’s where if I had to guess it’s in the 50% + range. Any wage increase has a definite effect on the price of the good or service sold.

I have been giving my guys good raises the past few years to keep them happy. With that I need to raise my prices to make sure I can continue to operate. It’s a catch 22. I don’t know what the answer is.
 
JR4X said:
I keep saying the same and a lot of people disagree with us.
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I think those are the same people that aren't going to be able to "just put it all on the card" next year.



[486] said:
I'm thinking it is all by plan, our modern standard of living has been topheavy and unsustainable for a long while
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I think you're right in a way. For too long there's been too many "haves" and "almost haves" and not enough "have nots", middle classically speaking. The oligarchy is ready to make a comeback.
 
Made up a grocery order to Walmart for us to pick up after drs appointment, I hadn't baked bread so I added a loaf of sourdough to the order. This morning I was making French toast and thought that loaf seems awful small for only having 4 slices pulled out yesterday and 3 this morning what used to be a 32 oz loaf is now only 24 ozs but the price is the same.
 
bigun said:
Made up a grocery order to Walmart for us to pick up after drs appointment, I hadn't baked bread so I added a loaf of sourdough to the order. This morning I was making French toast and thought that loaf seems awful small for only having 4 slices pulled out yesterday and 3 this morning what used to be a 32 oz loaf is now only 24 ozs but the price is the same.
Click to expand...

I think I was had by the blue shop towels from Costco the other week. The rolls are a much smaller diameter than before.
 
DirtRoads said:
I think I was had by the blue shop towels from Costco the other week. The rolls are a much smaller diameter than before.
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Bought these a while ago from Costco.

11x10.5

More recent ones are 11x9.4. 39.5 sq ft
 

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45acp said:
Personal cost of living thoughts-

Wife and I were talking last night, after seeing my 1st house back on the market. In the last 20 years, my pay has gone up 10%-ish, and homes have almost tripled. Anecdotal of course

-- same job --
2002- I made $80k no overtime
2022- will make $90k no overtime

-- same house --
2002- bought 1900ft House X for $80k
2022- House X is on market for $230k, relatively unchanged

There are alot of people out there that aren't going to make it (financially) another year. I'm predicting record chapter 7 filings for 23-24. We're about to go through some shit that'll make 07-08 look like vacation.
Click to expand...
I think you may even be sugar coating things a little bit. The bubble is about to pop and it'll be a pop heard around the world. In my opinion.
 
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ThePanzerFuhrer said:
So with that if you bump up wages 20-30% what do you think will happen to the price of the goods and services those wages produce? The prices will skyrocket.

Wages are about 25% of my cost of doing business. Labor as a cost isn’t as big in my business as you say a place like McDonald’s where if I had to guess it’s in the 50% + range. Any wage increase has a definite effect on the price of the good or service sold.

I have been giving my guys good raises the past few years to keep them happy. With that I need to raise my prices to make sure I can continue to operate. It’s a catch 22. I don’t know what the answer is.
Click to expand...
Its a viscous cycle however, when one out paces the other (which is what has been happening) we come to a breaking point where things have to be corrected. How it gets corrected is the real question. It will be ugly no matter the answer.
 
I priced out a 7'x16' tandem axle enclosed trailer this week to use as a jobsite trailer. $10,785.00 Two years ago I bought a 7.5'x23' enclosed sxs/snowmobile trailer, lined interior, front and rear ramp doors, helmet cabinet, for $13,000.00. :shaking:

On a bright note, I just picked up another 20' conex for $3500.00. Looks like I'll be getting away from trailers for now.
 
Tin Roof said:
I priced out a 7'x16' tandem axle enclosed trailer this week to use as a jobsite trailer. $10,785.00 Two years ago I bought a 7.5'x23' enclosed sxs/snowmobile trailer, lined interior, front and rear ramp doors, helmet cabinet, for $13,000.00. :shaking:

On a bright note, I just picked up another 20' conex for $3500.00. Looks like I'll be getting away from trailers for now.
Click to expand...

I bought a 8x18 steel deck 10k car hauler this year, with a few extras for 7k:homer:

My old 8x18 12k equipment trailer was 3k in 2010
 
Tin Roof said:
I priced out a 7'x16' tandem axle enclosed trailer this week to use as a jobsite trailer. $10,785.00 Two years ago I bought a 7.5'x23' enclosed sxs/snowmobile trailer, lined interior, front and rear ramp doors, helmet cabinet, for $13,000.00. :shaking:

On a bright note, I just picked up another 20' conex for $3500.00. Looks like I'll be getting away from trailers for now.
Click to expand...
Holy shit $3500 for a 20’:eek: 2016 we got 2 ocean rated 20’s delivered for $4000
 
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