How is inflation affecting you?

[highland145]

I like the newly designed breaking system.

 

[nakedfrog]

Those Eagles are collector's cars now- people are modding them with different engines to make them great off roaders. This made me giggle a bit:

This Minty 1987 AMC Eagle Limited Wagon Could Be Yours in 2022

The grandaddy of the entire crossover segment, the Eagle has a rugged charm all its own.

www.motortrend.com

Wow! That thing must have went from 0-60 in 3 weeks and got 12 gallons to the mile! Americans had no idea how to make engines back then.

Nah, we knew how to make them, we just didn't know how to make them if we wanted to keep our air "clean" and "breathable" and "less contaminated by lead"

 

[IronWing]

I’m enjoying our Californication of gasoline prices.

 

[highland145]

I’m enjoying our Californication of gasoline prices.

Poors hate you and yours.

 

[biostud]

So, we did end up refinancing our house reducing our debt with ~$28K, it could have been around $34K before the war, but the bond rates starting to climb, so we decided to strike before we missed the boat totally. It will save us ~$200/month.

 

[sdifox]

So, we did end up refinancing our house reducing our debt with ~$28K, it could have been around $34K before the war, but the exchange rates starting to climb, so we decided to strike before we missed the boat totally. It will save us ~$200/month.

Huh? Why would exchange rate matter? You talking about property in another country?

 

[biostud]

Huh? Why would exchange rate matter? You talking about property in another country?

Language problem, bond rates, not exchange rates. Now fixed

 

[sdifox]

Language problem, bond rates, not exchange rates. Now fixed

Ah, interest rate. Got it.

 

[biostud]

Ah, interest rate. Got it.

Well, yes and no. Our house is financed by bonds 1% fixed 27 years left, so we could buy our own bonds at a rate of 90,1 meaning we only had to pay 90,1 DKK for every 100 DKK we owed if we were to refinance and buy a new loan at rate 100. We did that with a flex rate F1 which is currently ~ -0.5%, but obviously on the rise. This means once a year we get a new rate for our loan, but since our debt is now lower and there still is a way from -0,5% to 1%, we thought it was a sound decission.

 

[sdifox]

Lol 0.5 to 1.... Wish I can get that.

 

[biostud]

Lol 0.5 to 1.... Wish I can get that.

that is a negative 0.5, but the bank has its own rates as well so ~0.3 effectively after taxes (the old was 1.2)

 

[zinfamous]

Poors hate you and yours.

...what's the interest rate you charge on your loans?

asking for a friend.

 

[GunsMadeAmericaFree]

ground beef up 20%, dollar stores just raised prices 1/4, car repair costs up 20% in last 2 years, used car prices up 38% in past year, TV & tech prices up about 25%, gasoline prices up about 45%, electricity costs up 6.3%, eggs 13%, furniture 11%, away from home lodging +17%. Overall inflation here in the Great Lakes States is about 8%. And with all of these increases, when I asked our head of HR if they would be adjusting wages for inflation, they simply said no. So they expect the same work for less money, inflation adjusted.

 

[Brainonska511]

ground beef up 20%, dollar stores just raised prices 1/4, car repair costs up 20% in last 2 years, used car prices up 38% in past year, TV & tech prices up about 25%, gasoline prices up about 45%, electricity costs up 6.3%, eggs 13%, furniture 11%, away from home lodging +17%. Overall inflation here in the Great Lakes States is about 8%. And with all of these increases, when I asked our head of HR if they would be adjusting wages for inflation, they simply said no. So they expect the same work for less money, inflation adjusted.

Given the job market, now's the time to find a new job.

 

[highland145]

...what's the interest rate you charge on your loans?

asking for a friend.

10% of the markup on jewelry and 5% of the markup on Nike Air.

 

[jpiniero]

I think it's up to 50% higher on Coke cans compared to 2019. And this includes Walmart and Target... not some high priced grocery store. Target is slightly cheaper than Walmart at current prices if you can believe it.

Also WTI is up to 113 now. That's $4 gas in most of the country.

 

[nOOky]

Chalk me up as someone that buys something I need regardless of price. I don't stop using gasoline, or stop buying food because it is expensive. We are in our 50's and doing well though. I could see those struggling to make ends meet have less of their income to spend on critical items being hit pretty hard. Anecdotally we got decent raises and a great bomus last year, but there wasn't much real gain after inflation.

I worry more about my savings and my retirement not keeping up, but they will, over time.

 

[Fritzo]

Chalk me up as someone that buys something I need regardless of price. I don't stop using gasoline, or stop buying food because it is expensive. We are in our 50's and doing well though. I could see those struggling to make ends meet have less of their income to spend on critical items being hit pretty hard. Anecdotally we got decent raises and a great bomus last year, but there wasn't much real gain after inflation.

I worry more about my savings and my retirement not keeping up, but they will, over time.

I'm the same way, but I will cut back when prices are higher as there's an obvious supply issues. I'm driving with my car in eco mode exclusively now, I'm cutting back online ordering, and only making necessary trips. If everyone did this, it would help those that are highly impacted.

 

[brianmanahan]

i don't expect to be traveling anywhere on vacation for the next decade

that should save me a good chunk of money

(not like i'd spend it on anything else anyway)

 

[dphantom]

our new house build ended up ~ $30k more than when we first broke ground. Lumber, other materials and that was in late 2020.
Gas for vehicles has doubled, natural gas up about 30%

we buy a half steer and whole pig so save a bunch there over supermarket but that has gone up too
groceries in general I would estimate 5% or so in the last year

a 6% wage increase pretty much has offset the additional living costs so maybe i am lucky that i have broken even so far

 

[Red Squirrel]

Speaking of inflation gas is now up to $1.88/litre. It was around $1.50 maybe a year ago. I remember before 9/11 it was actually under a dollar. It went to a dollar as soon as 9/11 happened and never went back down. They had to upgrade all the signs to fit the 3 digits. Only a few times did it go below a dollar.

I think by summer we'll be seeing $2 gas. I wish I could afford an EV but even vehicles are going up in price like crazy these days so I doubt I'll ever be able to buy new, and used EVs just don't exist here. I hardly even see new ones on the road.

 

[highland145]

Speaking of inflation gas is now up to $1.88/litre. It was around $1.50 maybe a year ago. I remember before 9/11 it was actually under a dollar. It went to a dollar as soon as 9/11 happened and never went back down. They had to upgrade all the signs to fit the 3 digits. Only a few times did it go below a dollar.

I think by summer we'll be seeing $2 gas. I wish I could afford an EV but even vehicles are going up in price like crazy these days so I doubt I'll ever be able to buy new, and used EVs just don't exist here. I hardly even see new ones on the road.

Da heck, diaper Joe rejected your pipeline so you should be flush.

 

[Red Squirrel]

Da heck, diaper Joe rejected your pipeline so you should be flush.

Tons of corruption all around. Someone is pocketing most of that money I'm sure.

 

[deadlyapp]

Tons of corruption all around. Someone is pocketing most of that money I'm sure.

Supply and demand isn't corruption. Artificial scarcity can be considered corruption, but it's really just capitalism. Outside the middle east and OPEC though, the collusion doesn't really exist. Too many small operations able to pump oil into the market when prices get this high.

 

[Red Squirrel]

Wow looks like it's already at 2 bucks in BC.

I might actually be optimistic in saying it will only hit 2 bucks here by summer, some people are thinking within a month.

I really want to work on my homestead property but I literally cannot afford to even go to it at these prices.