Inflation.......... ?

#3,701
lariat said:
I was talking with the VP of a local credit union. Housing prices are high, no doubt, but they are seeing people that cannot afford to buy due to the increases in insurance and property taxes.
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Insurance is a crucial component. Insurance companies decline selling insurance (think California where insurance was dropped a year before the Palisades Fire) and when you want to buy or (re)build and can't buy insurance, you're out of a buying or rebuilding loan. Banks won't offer loans if you don't insure the property.

If you're hit by disaster like our fellow citizens in Lahaina (HI), Santa Rosa & Paradise (CA), Florida or North Carolina and the insurance company denies your claim or delays it, you can't rebuild and may be forced to sell your land pennies on the dollar. Many of those folks in LA's Palisade and Ventura are more affluent and should be able to rebuild but we'll see. I personally believe it's a component of Satan Klaus' (Schwab) own nut'n and be happy and designed to reduce we commoners to peasant/tenants in their neo-feudalistic order. You might want to check out 15 minute cities and fires allow them to "build back better."

Sidenote: An insurance adjuster/classmaate once drilled into our little study group that insurance companies aren't there to insure people against loss. They're profit-driven and paying out ducats is contrary to their interest.
 
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#3,702
Gary/CO said:
Insurance is a crucial component. Insurance companies decline selling insurance (think California where insurance was dropped a year before the Palisades Fire) and when you want to buy or (re)build and can't buy insurance, you're out of a buying or rebuilding loan. Banks won't offer loans if you don't insure the property.

If you're hit by disaster like our fellow citizens in Lahaina (HI), Santa Rosa & Paradise (CA), Florida or North Carolina and the insurance company denies your claim or delays it, you can't rebuild and may be forced to sell your land pennies on the dollar. Many of those folks in LA's Palisade and Ventura are more affluent and should be able to rebuild but we'll see. I personally believe it's a component of Satan Klaus' (Schwab) own nut'n and be happy and designed to reduce we commoners to peasant/tenants in their neo-feudalistic order. You might want to check out 15 minute cities and fires allow them to "build back better."

Sidenote: An insurance adjuster/classmaate once drilled into our little study group that insurance companies aren't there to insure people against loss. They're profit-driven and paying out ducats is contrary to their interest.
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Yeah, I kind of fell into this rabbit hole as we are trying to get a new property policy at church (which are being cancelled at an alarming rate nationwide). They are holding out to the last minute and word has gotten back through the broker that it is because of the disasters you discussed. Then doing research I came across this unsurprising article.

www.fingerlakes1.com

California wildfires may raise insurance costs nationwide | Fingerlakes1.com

California wildfires may raise insurance costs nationwide Fire
www.fingerlakes1.com www.fingerlakes1.com
 
#3,703
lariat said:
He also stated that a 15 year loan is around 7.5% for the average credit rated buyer. 9% for a 30 year loan. Add that rate to the cost of houses and it is unobtainable for most.
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The other banks are in the fives for 15 and the sevens for 30 year mortgages. Does he think you are extra gullible or somehow incapable of checking on mortgage rates on your own and expect you to believe that BS? I hope you called him out on it.
 
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#3,704
the insurance rates are pissing me off... $5500/year now and my entire life I've only had 2 roof claims from hail. With premiums and deductible, it's cheaper to handle my own roof replacements. It's to the point I'm thinking of self insuring, or at least trying to get just catastrophic coverage somehow.
 
#3,705
1737492236124.png

15 year - on link, confirms what Malum mentioned

Mortgage Rates: Compare Today's Rates | Bankrate

Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.
www.bankrate.com www.bankrate.com
 
#3,706
Malum Prohibitum said:
The other banks are in the fives for 15 and the sevens for 30 year mortgages. Does he think you are extra gullible or somehow incapable of checking on mortgage rates on your own and expect you to believe that BS? I hope you called him out on it.
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I did call him out, but that's a different topic. No, I wasn't shopping for a mortgage, I was talking to him about what he is seeing in the economy and what they were doing there. If I was it sure as hell wouldn't be above current market availability. It was interesting to see him not figure out their rates were high though. The only thing I can think of is that the board doesn't want to take on additional mortgage risk or they have unrealized losses on the books to cover.
 
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#3,708
lariat said:
The only thing I can think of is that the board doesn't want to take on additional mortgage risk or they have unrealized losses on the books to cover.
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You nailed it. Commercial property has taken a beating since the mandatory lockdowns. Stay-at-home workers meant businesses didn't have to lease offices anymore. Lock down of mom 'n pops meant small businesses' cash flow got stymied and many never recovered. When the mom 'n pop closed, rental income storefront went with it and if the landlord didn't have the ducats, it was foreclosed on. It's why so many banks are in trouble today. In SF, the owner of the Hilton Hotel by Union Square walked away and gave the keys to the bank. Office building owners sold them cheap compared to what they paid for them. We are witnessing a wealth transfer as wealth flows upwards. Most Americans are unaware but when Oklahoma's First National Bank of Lindsay collapsed in Nov 2024 the FDIC only paid up to $250k and anything over that vanished to money heaven. This is quite unlike SVC where even foreign depositors were made whole.

Another effect of inflation is reduced disposable capital for the consumer. Discretionary spending contracts with since neccessary expenditures rightfully take priority. Incovenient things like mortgage or rent to keep one's roof, car loans (to commute to work) and eating at home take precedent over luxury vacation (so tourism is down). I hope it helps Makes America Healthy Again (MAHA) as people prepare meals from scratch rather than factory processed foods (frozen foods, canned foods and "fast food" which in many cases shouldn't be dignified by calling them food). Dining out should be a "treat" and not a regularity.

Some folks feel good about themselves and their wealth because the stock market. Check the 401k on your computer and you feel great. However, it's been in bubble terrritory and is part of the perception management played on the common man. Exponetial climbs only means bigger pop when the bubble bursts. Be careful on what you buy and make sure you direct register your shares or take deilvery of your share certificates. This reduces your exposure to rehypothecation.

Tik-tok, the time is running out.

Disclaimer: I am unfettered by the formalities of an economics education, am not a financial adviser and none of the above should be mistaken for financial advice. Do your own due diligence and research everything yourself. I'm just an old guy who read a lot of books (and am buying more colored pencils so I can finish them).
 
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#3,712
Malum Prohibitum said:
20 million hens died in the last quarter, wow!
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That's a lot of chicken wings and drums. When my dog was alive she liked white meat.

FORMER FINANCE PROFESSOR TAD SMITH: "After 25 years teaching finance, I realized at 58: "If the money printer grows 8-10% annually and the S&P 500 returns ~9%, it’s just treading water. True wealth comes from outpacing the printer."



Weiji!
 
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#3,714
Engineered food shortage is anticipated. Starvation, denial of water and energy (heat) will be used to bring people to their knees. None of the destroyed factories affected me (I don't like processed foods or frozen food) but empty shelves should be anticipated.

One good thing about the attack on the Amish (which I disagree with) is that many Amish who were formerly disinterested in politics registered to vote and their votes swayed Pennsylvania to vote for the Malevolent Orange Entity (aka in common languish: Orange Man Bad, #45 & now #47). :D

Anyway, Trump wants the Fed Res to lower interest rates. Of course the Fed wants to anyway but with lowered rates, expect more inflation. Thanks to the Cantillion Effect Link equities will win (but be sure to direct register or take delivery of your certificates). Learn to shelter your hard earned wealth, savings and retirement and position yourself for weiji!
 
#3,715
David Webb, author and prroducer of the U-toob film of the same name, The Great Taking, is nterviewed. 1 hr 13 min.

The whole thing revolves around the legal concept of "title." We're not talking about the piece of paper for your car or motorcycle or deed recorded at the County Recorder's Office but rather the rights of the holder of title over said property. Today your bank account or 401K/brokerage account you are designated as a beneficiary which stands in a lesser position than the title holder (meaning the bank or actual title holder of those stocks). This is why I urge everyone to either direct register their stock or take delivery of the stock certificate. That removes you from counter-party risk (if bank/brokerage becomes insolvent they "bail-in" (legalise for stealing) your ducats or shares.



Protect yourself. You owe it to you.
 
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#3,717
Government ordering the execution of chickens on bogus PCR tests for "bird flu" doesn't help. Chickens can make quick comeback. There is a war on food (remember all those processing plants burning a few years back?), USDA paying farmers to destroy their crops along with Bill Gay(tes) buying up farmland leaving it dormant there will be an engineered shortage/starvation. The war in Ukraine (breadbasket along with availability nitrate for fertilizer) doesn't help.

BTW, learned that Juan Valdez (the guy with a burro who picks coffee beans in Colombia) has goats and the goat droppings are picked up by the children who spread it among the coffee plants to keep the soil fertile.

Went to the vet for eggs (he raises chickens) and no eggs. He told me that in colder weather the hens lay fewer eggs and it's been cold here.
 
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#3,718
#3,719
Gary/CO said:
Went to the vet for eggs (he raises chickens) and no eggs. He told me that in colder weather the hens lay fewer eggs and it's been cold here.
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Yes when the daylight starts getting less, natural raised chickens will lay less or almost no eggs.

Our ability to have eggs in the dark season is pretty much because of factory farming of chickens in artificial conditions as well as the ability to bring food from a long ways away.
 
#3,720
Gary/CO said:
Government ordering the execution of chickens on bogus PCR tests for "bird flu" doesn't help. Chickens can make quick comeback. There is a war on food (remember all those processing plants burning a few years back?), USDA paying farmers to destroy their crops along with Bill Gay(tes) buying up farmland leaving it dormant there will be an engineered shortage/starvation. The war in Ukraine (breadbasket along with availability nitrate for fertilizer) doesn't help.

BTW, learned that Juan Valdez (the guy with a burro who picks coffee beans in Colombia) has goats and the goat droppings are picked up by the children who spread it among the coffee plants to keep the soil fertile.

Went to the vet for eggs (he raises chickens) and no eggs. He told me that in colder weather the hens lay fewer eggs and it's been cold here.
Click to expand...
Hopefully the war on the food supply will be ending and there will be some accountability for what was done.
 
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#3,721
So I looked up eggs and the price was 7.09dollars.

I could not find where they were traded on the commodities exchange? Are they not actually traded on the exchange?

We have a small flock of mixed breeds so we get a nice variety of colors. They are in demand we use them for barter and paying off corrupt officials.
 
#3,722
devildog93 said:
Hopefully the war on the food supply will be ending and there will be some accountability for what was done.
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The malevolent orange entity (Orange Man Bad or #45/47) needs to reign in the USDA, FDA, EPA and purge them of their globalists who want starvation. Control the food, water and energy and you control the peasants (that's why Californiastan was going all electric - easier to cut off your power).

Snuby642 - you're ahead of the curve. Keep the gate locked and keep los federales off your land. The Orwellian USDA wants to register all animals.

Look up waterglass - Immerse the fresh eggs in a glass jar (1 gallon plus) and it'll preserve them. Waterglass is good for making (nitrate) paper cartridges too (black powder fyre-arms) so don't dump it after there's no more eggs.
 
#3,723
Water glass? On eggs

I used that stuff "silicon silicate" ? Back in the 1970's to plug a crack in my engine.

I'm guessing it would seal up an egg. We don't wash them so the natural sealant stays intact.
 
#3,724
Snuby642 said:
Water glass? On eggs

I used that stuff "silicon silicate" ? Back in the 1970's to plug a crack in my engine.

I'm guessing it would seal up an egg. We don't wash them so the natural sealant stays intact.
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Gary is talking about long term storage. Even with the bloom still on an egg it will loose water and go bad if you don't use them soon enough. That occurs in the fridge or on the counter. We leave ours on the counter, no problem. But they still have the bloom on them. The only two reliable ways I know of for reliable storage is water glass (medium term) and freeze drying (long term). I know some have used dehydration to good effect as well.
 
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#3,725
Dehydration works if you want to reconstitute them in scrambles or just as an ingredient in something else. The texture leaves a bit to be desired. Beats going hungry.
 
#3,731
babyguppy said:
anyone else waiting on the gov to release the 'real' numbers now that Trumps in office.
or.. Will the Gov hide the number so 'they' don't have to give a COLA raise?
I always laugh when I see this..
3%
The current annual inflation rate for the United States is 3% for the 12 months ending January 2025
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They need to clean the SS and welfare roles first or there would be a level shit-ton of money going to bad actors. I realize that is not an answer that helps many here, but the grift appears deep if the DOGE reports prove to be the tip of the iceberg.

I expect that what you ask for will come to pass as the MSM and deep state try to turn the populace against Trump by releasing the actual numbers when it becomes beneficial to them and not immediately attributable to Biden.
 
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#3,734
Malum Prohibitum said:
Why the steep increase? Is Dallas flood prone or something?
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Hail mostly... but nothing new in the last 10 years.. except maybe the density of housing? Larger overall claims for each storm? But more homes should be offsetting that. With higher deductible and these rates, I'd be better off self insuring against hail even with a new roof every 3 years.
 
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#3,735
Over that time frame most people in north Texas got property values skyrocketing due to California refugees stinking up MY ao.

And evidently these illegals running around getting homes 3 times larger than mine handed to them off MY FUCKING DIME.

So ya my shitbox went up also.
 
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