If you realize the increase in new & used car prices then the increase is understandable
And repair and rental car costs are up
Bummer. I know home owners is a lot higher now in Houston than 5 years ago when I moved. I have nothing more recent than that to compare to though.
Roof age along with home price increases pushing home owners up. My roof went over 20 years and they are hitting me hard
My home owners did not go up to much, but I live in LC so I have to have windstorm and flood, both of which went up alot.
Funny thought, with the price of electricity thru the roof in Europe, shutdowns of hydro in China and stress on the system in the USA, is there much bitcoin mining going on anywhere?
Might make bitcoin more valuable in the short term
Doesn’t appear to be much upside recently in cyber crypto. I follow some ETFs invested
in the stuff and it’s been a 5 year slide in one(BTF). Hope it goes the way of tulips.
In Texas the miners were getting paid millions to stop mining by ERCOT . Saw that in
article I read . Maybe you posted it.
British Pound — Weakest versus the Dollar since '85 —
Eastern Europe —
In Poland, where coal is king, homeowners queue for days to buy fuel (Reuters)
In Poland’s late summer heat, dozens of cars & trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days & nights to stock up on heating fuel in queues reminiscent of communist times. Artur, 57, a pensioner, drove up from Swidnik, some 30 km (18 miles) from the mine in eastern Poland on Tuesday, hoping to buy several tonnes of coal for himself & his family. “This is beyond imagination, people are sleeping in their cars. I remember the communist times but it didn’t cross my mind that we could return to something even worse.” Artur’s household is one of the 3.8 million in Poland that rely on coal for heating & now face shortages & price hikes, after Poland & the European Union imposed an embargo on Russian coal following Moscow’s invasion of Ukraine in February.
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Definitely lots of coal in those mountains.
That doesn’t change the definition of a strong/weak dollar. Other countries are getting hit really hard right now because of how strong the dollar is. I can’t get a single person overseas to do a contract in US dollars anymore, they know its been getting stronger and stronger so it would screw them over. The Euro to dollar is now flat!
It seems almost astonishing that The Euro has fallen to parity with our US $dollar.
Our strong $dollar is why oil and gasoline prices gave dropped.
And since Oil permeates so much of our National Economy overall prices also decline.
The announcement of more Interest Rate hikes by our Fed Chairman will see even more $dollar strengthening.
And thus more decline in Inflation.
Overseas vacation here I come!
Not really, the Euro Common Market is crashing and burning over electricity and energy prices.
I expect unrest to be acute this winter
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Unrest won’t be far behind here too
Two eye popping statements in that article:
Evictions are up, too, according to the Eviction Lab at Princeton University. In August, evictions were 52% above average in Tampa, 90% above average in Houston and 94% above average in Minneapolis-St. Paul.
And this puzzling statement with customary why ?
As of May, the National Low Income Housing Coalition reported that 12 states and the District of Columbia had distributed half of their last assistance allocation, while Idaho, Iowa and Ohio hadn’t spent any of that money. Two states — Nebraska and Arkansas — refused to accept the federal rent assistance money.
EDIT: Context matters. With extended and unheard of
limits on evictions, perhaps working thru the normal backlog is giving a skewed perspective to some degree.
Inflation maybe?
While current inflation is only part of the story. Rents have been rising more than inflation for a long time. See link. There are a backlog of deferred evictions that are now being acted on. That leads to the scary numbers being reported now.