Inflation for May at 2.4% vs 2.5% expected
- Thread starter MSUDAWGFAN
- Start date
- Status
Prices are dropping because cost of energy is going down.
Matches perfectly with the “sky is falling” I see on TV
Mah eggs!! I have spoken... $3.39 in June vs. $5.39 in March
And in other news...no peak oil demand on the horizon..
"The organization expects a 24% increase in the world's energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time period."
And in other news...no peak oil demand on the horizon..
"The organization expects a 24% increase in the world's energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time period."
Last edited:
Then sell yours and buy in a few years. Rent in the meantime.
Also remember it wasn't long ago we were hearing about how inflation was going to surpass the highs we had under Biden.
Need more riots to offset any positive news. Oh wait...
2.4% inflation is great by me. Love it.
It is very possible for the cost of goods to increase while inflation stays in check. Those arent mutually exclusive, though it seems like many view them as such.
On a very related note, I saw the US and China just hammered out another trade agreement.
Apparently goods from China into the US will be taxed at 55% and goods into China from the US will be taxed at 10%.
"...a White House official said it merely reflected Trump’s worldwide 10% baseline “reciprocal” tariff on imports, the 20% fentanyl trafficking levy and a 25% pre-existing tariff on China."
I have no idea what 'full magnets' are, but I am excited to hear they will be supplied to us up front. More magnets is always good news in my book.
"
It is very possible for the cost of goods to increase while inflation stays in check. Those arent mutually exclusive, though it seems like many view them as such.
On a very related note, I saw the US and China just hammered out another trade agreement.
Apparently goods from China into the US will be taxed at 55% and goods into China from the US will be taxed at 10%.
"...a White House official said it merely reflected Trump’s worldwide 10% baseline “reciprocal” tariff on imports, the 20% fentanyl trafficking levy and a 25% pre-existing tariff on China."
I have no idea what 'full magnets' are, but I am excited to hear they will be supplied to us up front. More magnets is always good news in my book.
"
As long as we are restricting the supply and labor is getting more expensive, I think prices will go up with the ability to afford payments on a 30 year note. Depends on wage growth and what interest rates and property taxes do, but I think that's going to be more than 3%. Historically, going back to 1960, inflation adjusted home prices for the average home has gone up 1.55% per year. So that would be probably closer to 4 to 4.5% per year nominally.
ON the other hand, that's not really apples to apples because homes have gotten bigger and generally nicer, and I think we're probably done having the average house size go up, and likely will shrink slightly, although costs to build will continue to go up per square foot. You are also seeing a lot more school choice, which could also put some downward pressure on price as you have less "tuition" lumped into housing prices in good school districts. Plus the population isn't growing as fast, and the growth there is is from immigration, so that's anohter thing that will be different over the next 60 years compared to the last 60.
He's saying home prices are going to appreciate by 3% vs the average of 10% over the last 5 years. They're not in danger of depreciation at this time. The case shiller home price index is up 52% over the last 5 years. That's just bonkers.
I always try to warn people against market timing with your personal home. It's unbelievably risky. I feel like there was a realtor on this board that sold his house in late 2021ish and was going to buy back in when the market dipped.
If you own a home, never put yourself back in a position where you don't.
Most people don’t think about it but the timing of selling your home is very important. (Market) Also, hyper local. Certain parts of the State builders are offering huge incentives right not to buy, along with prices coming down.
According to NAR there are 500,000 more sellers right now than buyers. Hasn't been that way in a long time.
It’s almost like the number of people needing housing had been skyrocketing for years and all of a sudden it slowed way down. Very odd market shift.
I missed the second "to" in the sentence. Changes the whole meaning of what he saidHe's saying home prices are going to appreciate by 3% vs the average of 10% over the last 5 years. They're not in danger of depreciation at this time. The case shiller home price index is up 52% over the last 5 years. That's just bonkers.
I always try to warn people against market timing with your personal home. It's unbelievably risky. I feel like there was a realtor on this board that sold his house in late 2021ish and was going to buy back in when the market dipped.
If you own a home, never put yourself back in a position where you don't.
disclaimer: this tariff agreement is only valid until the next time I post on social media - Donald Jong Un
Huh?
2.4% means costs are rising. They are always rising. It’s just rising less now than 4 years ago.
former conservative
I am aware that a 2.4% inflation rate means costs rose. That's literally what the number represents.
What did you say 'huh?' to?
Nah glfr gonna glfr
hall @SS say something so he can speak circles around it and never say anything
Do you understand this? Explain this statement clearly and concisely
“It is very possible for the cost of goods to increase while inflation stays in check. Those arent mutually exclusive, though it seems like many view them as such.”
Been "stable" since May 23 and trending slowly down. Hopefully Trump can get it down to a reasonable and stable 2% after the bombast and boat rocking settles. His approach isn't my preference but it's what the people asked for. Time will tell...
- Status