4 hours ago, CountBlah said:

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

As high as they possibly can - It's Science

F the people who get squeezed.  amirite vikas? 

My favorite part was where some were afraid to screw everyone over, but then they rejoiced with their profits

One of the algorithm’s developers told ProPublica that leasing agents had "too much empathy” compared to computer generated pricing.

Pretty much the free market pricing eating itself because you have to have shelter… who cares how you eat or clothe yourself… we’re taking ALL your money for housing…. or healthcare…. or energy…. Because you HAVE to have it… we can charge whatever we want!!!

9 hours ago, MidMoFo said:

One of the algorithm’s developers told ProPublica that leasing agents had "too much empathy” compared to computer generated pricing.

Pretty much the free market pricing eating itself because you have to have shelter… who cares how you eat or clothe yourself… we’re taking ALL your money for housing…. or healthcare…. or energy…. Because you HAVE to have it… we can charge whatever we want!!!

 

Right. The idea of "just don't buy something if you don't like the price" can't be equally applied to every sector, particularly the most essential ones.

Liz Truss out as PM

7 minutes ago, Bacarty2 said:

Spare ribs went up 2 dollars per pound over night

Gas went from 3.39 to 3.71 in about 2 weeks

WERE BACK BABY!

I don't know about spare ribs. But a month ago gas was at $3.674, and now it's at $3.836.

Diagnosis? BDS.

Edit: and FWIW a week ago gas was $3.913. It spiked a bit over the last couple weeks but is trending back down now.

1 hour ago, Bacarty2 said:

Where are you located? I'm in Cherry Hill and I  can tell you I havent paid more than 3.50 for quite awhile.  And as I mention it's 3.71 as of yesterday afternoon

Gonna go straight to 11 bucks now, right?

17 hours ago, EaglesRocker97 said:

 

Same as it ever was; they won't care until the bottom falls out. They can't help themselves.

nah...it will trickle down this time...i'm sure of it!

1 hour ago, JohnSnowsHair said:

Liz Truss out as PM

Already!?

The nice little reserve in my regular operating checking account has vanished over the last couple of months. Including the tax refund.  This caused by raised prices of EVERYTHING, and my own spending for things for the cottage.  Now it's time to buckle down as it seems this will not get any better anytime soon.  I have close to 3/4 tank of fuel; have some electric heat, and even propane for an emergency.  Getting ready to empty the freezer since there are things in there that Mr. Di bought.  They're too old to taste good so they're going.  It really f's with me trying to cook and feed just myself when my entire life consisted of cooking for a family and parties up to 20.  A lot of waste.  I just threw 2 tomatoes out yesterday.  Bananas too. Even if I buy just 3 that 3rd one may get chucked. I no longer eat salad, there's just no way it will keep long enough for me to consume it.  Going back to cooking and freezing in smaller portions to see if this helps the check book.  I HATE having to transfer money for everyday needs.  I'm only 1 income, so yeah, recessions sucks!

7 minutes ago, DiPros said:

The nice little reserve in my regular operating checking account has vanished over the last couple of months. Including the tax refund.  This caused by raised prices of EVERYTHING, and my own spending for things for the cottage.  Now it's time to buckle down as it seems this will not get any better anytime soon.  I have close to 3/4 tank of fuel; have some electric heat, and even propane for an emergency.  Getting ready to empty the freezer since there are things in there that Mr. Di bought.  They're too old to taste good so they're going.  It really f's with me trying to cook and feed just myself when my entire life consisted of cooking for a family and parties up to 20.  A lot of waste.  I just threw 2 tomatoes out yesterday.  Bananas too. Even if I buy just 3 that 3rd one may get chucked. I no longer eat salad, there's just no way it will keep long enough for me to consume it.  Going back to cooking and freezing in smaller portions to see if this helps the check book.  I HATE having to transfer money for everyday needs.  I'm only 1 income, so yeah, recessions sucks!

I tend to cook too much as well. Trying to get better at that.

 

 

feel the bern! 

3 hours ago, EaglesRocker97 said:

 

Right. The idea of "just don't buy something if you don't like the price" can't be equally applied to every sector, particularly the most essential ones.

OK. Let's educate with a real world example of liberal economic illiteracy.

For decades in Oakland, buildings built pre-1983 have been subject to rent control. This only allowed rents to be raised at a maximum of CPI. Landlords entered into this deal willingly and abided by it for decades as CPI generally was below 2%. This lead to massively below market rents, especially as Oakland gentrified and an influx of people crossed the bay from San Francisco. 

Now that CPI is over 8%, the City Council passed a bill limiting rent increases to the lower of 3% of 60% of CPI, because dammit -- people have a need to live. So now landlords in older buildings (who tend to be individuals, not corporations), have costs skyrocketing (labor, maintenance, borrowing costs) and can't recoup that from rents even though they agreed not to raise rents for decades.

The end conclusion? Landlords are now looking to file for bankruptcy. And what can they do in bankruptcy you ask? Why...REJECT THEIR TENANT LEASES, THROW THEM OUT AND RE-PRICE THE UNITS TO MARKET RATES. Which is exactly what is beginning to happen. 

Liberals -- the most economically illiterate clowns on the planet.

29 minutes ago, Boogyman said:

I tend to cook too much as well. Trying to get better at that.

I thought I was doing well by buying any sort of pasta and a good jar of sauce.  Just boil enough for me and wham-dinner.  It's true you are what you eat, as it shot my triglycerides reading up over 500.  Had to cut back on eating that too!  It's come down, still not normal but better.  Now, you can't find a decent sauce in a jar that hasn't gone up like $2.  F-That, I bought the canned tomatoes and made my own. 

My hands are already shaking heading out to the card store.  Have you seen the price of those lately?  It's paper with writing on it!!!!!  I would dig around for something, but they are special.  My good friend just lost her brother (59-cancer) and cousin having 1st baby.  Both events same day. 

My kids and I just booked a trip to FL for Thanksgiving.  Don't care, it's only money still have to live the best life I can.  Can't let being poor affect my mental health too much. I have back up money, I just try not to use it.

1 minute ago, DiPros said:

I thought I was doing well by buying any sort of pasta and a good jar of sauce.  Just boil enough for me and wham-dinner.  It's true you are what you eat, as it shot my triglycerides reading up over 500.  Had to cut back on eating that too!  It's come down, still not normal but better.  Now, you can't find a decent sauce in a jar that hasn't gone up like $2.  F-That, I bought the canned tomatoes and made my own. 

My hands are already shaking heading out to the card store.  Have you seen the price of those lately?  It's paper with writing on it!!!!!  I would dig around for something, but they are special.  My good friend just lost her brother (59-cancer) and cousin having 1st baby.  Both events same day. 

My kids and I just booked a trip to FL for Thanksgiving.  Don't care, it's only money still have to live the best life I can.  Can't let being poor affect my mental health too much. I have back up money, I just try not to use it.

Yeah. 2 bags of groceries the other days was like 120 bucks. Food for two dinners (for four) and a couple snacks for the kids. It's crazy.

 

I always make my own sauce. Usually get 8  jars (quarts i believe) from each batch and use one a week. 

18 minutes ago, DiPros said:

I thought I was doing well by buying any sort of pasta and a good jar of sauce.  Just boil enough for me and wham-dinner.  It's true you are what you eat, as it shot my triglycerides reading up over 500.  Had to cut back on eating that too!  It's come down, still not normal but better.  Now, you can't find a decent sauce in a jar that hasn't gone up like $2.  F-That, I bought the canned tomatoes and made my own. 

My hands are already shaking heading out to the card store.  Have you seen the price of those lately?  It's paper with writing on it!!!!!  I would dig around for something, but they are special.  My good friend just lost her brother (59-cancer) and cousin having 1st baby.  Both events same day. 

My kids and I just booked a trip to FL for Thanksgiving.  Don't care, it's only money still have to live the best life I can.  Can't let being poor affect my mental health too much. I have back up money, I just try not to use it.

When I moved back down and back from NC, I spent close to a year living on my own away from my family. So I had to adjust to cooking for myself like this. I used to buy those individually wrapped chicken breasts so I could take them out to thaw one at a time as needed. They are a bit pricey but cuts down on waste. I used to always have a baked potato with them because I could buy those individually as well. Add a bag of frozen broccoli and that was dinner usually about 4-5 nights a week . I'd still make a pasta meal with home made sauce but I would freeze individual portions with the leftovers. Also I recommend shopping at Aldi for groceries if you have one close by. I am back to shopping for a family of 4 now. Aldi isn't as insanely cheap as it used to be (fruit and meat are about the same as anywhere else now) but everything else is much cheaper. We are currently buying meat from BJs and everything else from Aldi and its helping offset the rise in prices. 

16 hours ago, vikas83 said:

Don’t like it then don’t pay for it. If demand drops enough, then so do prices. 
 

Economics. It’s MAGIC. 

It’s almost as if when supply shrinks and demand remains elevated margins can increase…

4 minutes ago, TEW said:

It’s almost as if when supply shrinks and demand remains elevated margins can increase…

Nah man. That doesn't apply to "essentials" like housing, healthcare or education...

4 hours ago, JohnSnowsHair said:

Liz Truss out as PM

Brit Pound surges after resignation announcement.

Who says conservative policy is always good for the economy?

2 hours ago, vikas83 said:

OK. Let's educate with a real world example of liberal economic illiteracy.

For decades in Oakland, buildings built pre-1983 have been subject to rent control. This only allowed rents to be raised at a maximum of CPI. Landlords entered into this deal willingly and abided by it for decades as CPI generally was below 2%. This lead to massively below market rents, especially as Oakland gentrified and an influx of people crossed the bay from San Francisco. 

Now that CPI is over 8%, the City Council passed a bill limiting rent increases to the lower of 3% of 60% of CPI, because dammit -- people have a need to live. So now landlords in older buildings (who tend to be individuals, not corporations), have costs skyrocketing (labor, maintenance, borrowing costs) and can't recoup that from rents even though they agreed not to raise rents for decades.

The end conclusion? Landlords are now looking to file for bankruptcy. And what can they do in bankruptcy you ask? Why...REJECT THEIR TENANT LEASES, THROW THEM OUT AND RE-PRICE THE UNITS TO MARKET RATES. Which is exactly what is beginning to happen. 

Liberals -- the most economically illiterate clowns on the planet.

 

Sounds like cherry-picking, but at the end of the day, someone's hoarding.

7 minutes ago, EaglesRocker97 said:

 

Sounds like cherry-picking, but at the end of the day, someone's hoarding.

Are you just throwing together random words? Or did your brain malfunction?

8 minutes ago, vikas83 said:

Are you just throwing together random words? Or did your brain malfunction?

Your previous post was largely unintelligible, but if you're using rental properties in Oakland as an example to say that no one is doing anything untoward, then you're just cherry picking an extreme case and trying to use that as just another way to say rich people couldn't possibly be doing anything wrong.

Properties are being hoarded, particularly in the real estate market.

12 minutes ago, EaglesRocker97 said:

Your previous post was largely unintelligible, but if you're using rental properties in Oakland as an example to say that no one is doing anything untoward, then you're just cherry picking an extreme case and trying to use that as just another way to say rich people couldn't possibly be doing anything wrong.

Properties are being hoarded, particularly in the real estate market.

It was unintelligible because you don't have a basic understanding of economics. To everyone else it made perfect sense. 

And there isn't hoarding -- people sell to the highest bidder. If that is financial buyers, so be it. Most of the landlords in Oakland with rent control are individuals, not companies.

It's like everything you say is a ridiculous talking point written by morons.

12 minutes ago, vikas83 said:

It was unintelligible because you don't have a basic understanding of economics. To everyone else it made perfect sense. 

And there isn't hoarding -- people sell to the highest bidder. If that is financial buyers, so be it. Most of the landlords in Oakland with rent control are individuals, not companies.

It's like everything you say is a ridiculous talking point written by morons.

 

You are triggered so easily and its kinda funny to me when you go on one of your meltdowns and go right to personal attacks, simply because someone dared to charge the elites with malfeasance.

It was unintelligible because of the way you were writing out the numbers.

There definitely is hoarding, it's been widely reported that most of the new home sales are being bought by individuals and management companies that already own many properties, to then turn into rental properties/Air BnBs and jack up rates well beyond inflation.

Everything you say is just another version or "rich people good, poor people bad" in an attempt to pull the wool over our eyes.

Poor little Vikas can't feel like a man unless he's calling someone else stupid and $hitting on poor people. How sad and pathetic.

1 minute ago, EaglesRocker97 said:

 

You are triggered so easily and its kinda funny to me when you go on one of your meltdowns and go right to personal attacks, simply because someone dared to charge the elites with malfeasance.

It was unintelligible because of the way you were writing out the numbers.

There definitely is hoarding, it's been widely reported that most of the new home sales are being bought by individuals and management companies that already own many properties, to then turn into rental properties/Air BnBs and jack up rates well beyond inflation.

Poor little Vikas can't feel like a man unless he's calling someone else stupid and $hitting on poor people. How sad and pathetic.

Nice and slow for the learning impaired...we were talking about RENT CONTROL PROPERTIES where the increases were limited to CPI for decades. Now that CPI spiked, they changed it to a max of 3% to further screw the individuals that all own older properties. These aren't investors, it's generational wealth. They've been forced to accept below market rents (average ~40% below) for decades and now are all going to bankrupt. Do you understand now?

And, no, you friggin moron, investing isn't hoarding. It's investing.

1 minute ago, vikas83 said:

Nice and slow for the learning impaired...we were talking about RENT CONTROL PROPERTIES where the increases were limited to CPI for decades. Now that CPI spiked, they changed it to a max of 3% to further screw the individuals that all own older properties. These aren't investors, it's generational wealth. They've been forced to accept below market rents (average ~40% below) for decades and now are all going to bankrupt. Do you understand now?

 

No, YOU were talking about rent control, because you wanted to cherry pick.

 

1 minute ago, vikas83 said:

And, no, you friggin moron, investing isn't hoarding. It's investing.

Semantics.

You are such a big baby.