Housing market
- Thread starter simply1
- Start date
My buddy just bought a townhome brand new East of Ankeny. No basement, no coat closet. 3 BRs upstairs. 2 car garage. Over $250k.
It blows me away what it costs right now. It's just a shiny POS if you ask me. We bought a beautiful ranch with walkout. Backs to the creek and has a bunch of landscaping on 3/4 acre lot. We almost passed it up at $320k. This was 9 years ago. Based on the crap I see I should be able to get $750k for it.I think Zillow estimates $480k. Guessing I'd get $500k.
But what a mess this country is in. Price of a 12 pack of soda is $9. Can't get a decent sandwich for under $12. People are having to finance ****** homes at high price and high interest. Thankfully I'm over 50 with a good job but I feel bad for those just starting out. Not sure how you can buy a home and save for retirement if you make less than 6 figures.
12 pack of Coke at Hy-Vee is $4.99.
Inflation is out there. No need to try and make it seem worse than it is.
Isn’t it? That kinda the size starter homes in the area in Michigan. Then the other home is 2500+. If you see a home smaller then that in a decent to good area it’s just getting bulldozed and having a monster put in,
If you want politicians to do something they could limit house size in relation to the lit and a lot more starter homes would be in existence. At least in some parts
That 12pqxk costs a lot more if you add in the diabetes
Wife had the TV on either this morning or yesterday morning, not sure what channel or show, but the lady was talking that inflation was tracking in the high 9s right now. With gas up 50 cents in a couple days it made sense.
The latest data shows inflation at 3.6%.
Not sure where that lady got it then. I looked at the month to month and using that would only show a 7.2% simple rate for CPI. I will need to try to figure out who that was and where she got her info.
GenX is the new baby boomer? Are you going trying to say we have as many 6 figure jobs today as $50k jobs as 10 years ago?
I went to Fareway at lunch and it was $8.99. Friday I was at Hy Vee and it was like $8.49 I think. But if you bought 5 of them it would be $5 each. 5 or so years ago the 5 for $10 was the deal. I’m happy I don’t drink it often.
Somehow gas went up $0.80 per gallon this week for me ($3.29 to $4.09). Wondering what happened to cause such an increase. Then I remembered, yeah it’s just corporate greed and that extra $0.80 is going directly to the shareholders.
But other countries increased to more than offset it. Due to hurricanes they say.
Only 15% of the oil we use comes from OPEC. So I guess the shareholders only get 85% of that $0.80 increase. We all hear from the GOP is how we need to drill more, but what does that matter if the price is still based on the global market? All that extra oil capacity is just profit for oil companies and the consumer doesn’t see any relief.
By CPI definition (year over year) - sure, 3.7% today. Here is what the CPI data looks like compared to the summer of 2020:
Gas: +73%
Home prices: + 40%
Used cars: + 32%
Electricity: +24%
Rent: +23%
Food: +20%
-----------------
Wages: +14%
Subtract out the 14% wage and there's the inflation consumers actually feel.
The oil companies and the Republicans have convinced people that if we just drill more wells, than that will cause the price of gas to drop, and the reason that Dems are not doing it is to protect the environment. Most people want cheap gas, and could care less about unpolluted areas in Alaska, so they fall for it.
What they do not understand is that just because that oil was drilled and produced in the US, does in no way mean that it will find its way into the US market, oil like grain is a global commodity and will be sold to the highest bidder, either inside the US or outside, it's all about the dollars.
Regular price at Hy-Vee is $8.49, don't think he's making anything seem worse than it is.
