Inflation at work?

SilentStalkr

Wonna Be Badass
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Minuteman
  • Oct 8, 2012
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    Ok, so I just took the fam for a quick vacation to the beach and shit has gotten insane. I really have no idea how people pay for crap these days. I remember when you could get a decent room for $65 a night, wasn’t all that long ago really, then it jumped to $110 a night and people complained that was too much but paid it, then it jumped to $179 for a nice room and people paid it and then $220 and so on. Now we are at $399 a night. That’s a decent room why self respecting person would stay and that’s pretty much avg. it goes up from there. WTF? And this isn’t anything magical. Small room, bunk beds and so on, 4 star joint that should have been like 2 imo. Not only is shit getting more expensive but the quality is going way down. The only thing that saved it is the fact that the staff was awesome. In fact, I’m thinking about moving that way simply because it’s like another world. Everyone was super mellow and friendly, flags flying everywhere, no stupid masks, just nice patriotic freedom loving people everywhere. I would have gotten a house to rent somewhere but everything and I mea everything was rented out but some of these houses are pulling $2000-$3000 a night. What? Seriously, is this the new norm mr a result of inflation? If the kids were older I’d go overseas cause I can go there cheaper in some cases than a full week here at home.
     
    It's been awhile since you've been to any kind of beach. We were in Ocean City MD this Summer. We rented a house for the entire family (13 people). We paid $950/night. That was a deal from what we had seen. We were not on the water, nor were we on the bay. We were not in downtown OC, we were off of 142 street.

    We are booked for the same house next year and the price is $1100/night and it looks like that a steal from what we've seen recently.

    Inflation is BIG, don't let anyone tell you it's not. We're probably spending about 15% for our weekly grocery haul. Gas is up to $3.16 with no sign of it stopping it's high spirally.

    But we don't have any mean tweets......
     
    I think some of what we are seeing in the vacation rental world is the realization that there are lots of people who have extra money that normally don’t thanks to the socialist regime and stimulus. I can say that in some of the places I have been the clientele is very different from the normal crowds. Property owners know that these folks have money to do things that they never could before. It has actually made visiting some places miserable.
     
    I wouldn't pin this on the current inflation we have been seeing. This has been a progressive thing, AirBnB didn't help, people pay for convenience and seclusion. Why not pay more to not rub elbows with others in elevators.
    Throw in the younger crowd who give 2 shits about owning a house or a decent vehicle and are willing to spend a months salary on a 4 day Experience and complain boomers fucked up their existence.
    People buy properties as revenue generators, and it is working. Plenty of easy money made today also, people can afford this, or are willing to afford it.
     
    I wouldn't pin this on the current inflation we have been seeing. This has been a progressive thing, AirBnB didn't help, people pay for convenience and seclusion. Why not pay more to not rub elbows with others in elevators.
    Throw in the younger crowd who give 2 shits about owning a house or a decent vehicle and are willing to spend a months salary on a 4 day Experience and complain boomers fucked up their existence.
    People buy properties as revenue generators, and it is working. Plenty of easy money made today also, people can afford this, or are willing to afford it.
    Yes. It got me thinking while I was down there. I’m like shit I might as well build a place and let it make me some money. The problem is, selling my wife on it.
     
    I wouldn't pin this on the current inflation we have been seeing. This has been a progressive thing, AirBnB didn't help, people pay for convenience and seclusion. Why not pay more to not rub elbows with others in elevators.

    Yes. It got me thinking while I was down there. I’m like shit I might as well build a place and let it make me some money. The problem is, selling my wife on it.
    Good luck! I have no time for tourist traps, tourists suck IMO. I can travel, not site see, need an agenda or activity.
    My wife has been renting the same house out in Depot Bay, OR for over 25 yrs, 10 days at a time. I told her early on just to buy it, or one close. 2 yrs ago the house changed hands, and the rent fees tripled. Now I get to hear the complaining about some 1100sq ft rental we could have paid off in 5 yrs and there would be no Scheduling a trip.
     
    Good luck! I have no time for tourist traps, tourists suck IMO. I can travel, not site see, need an agenda or activity.
    My wife has been renting the same house out in Depot Bay, OR for over 25 yrs, 10 days at a time. I told her early on just to buy it, or one close. 2 yrs ago the house changed hands, and the rent fees tripled. Now I get to hear the complaining about some 1100sq ft rental we could have paid off in 5 yrs and there would be no Scheduling a trip.
    Sucks doesn’t it?
     
    Even north myrtle is high these days. It used to be pretty decent and if you looked, you could find a nice ocean front setup for unbelievable prices.
     
    America is on an unfortunate path... Most of us noticed it with ammo prices and shortages. The dominoes are consistently falling, right before our very eyes. Lumber, natural gas, steel products, chlorine, chemicals for plastics, tires for farm equipment..... Some very old quotes - "If you want to control a country then control the money"... "If you want to control the people, then control the food"... History is repeating itself. America is rapidly moving towards empty grocery store shelves and food shortages.
     

    No ms pissssaki, we are not (unless we look at ammo prices)!!!!! Most of us are comparing cost to before the marxists amongst our alphabeti and the marxist party STOLE the election and rigged every major state all whilst the chicken shit republicants of most states gave away their power and let the election laws be passed that favored these marxists!!!
     
    catch-me-if-you-can-on-netflix.jpg
     
    Ok, so I just took the fam for a quick vacation to the beach and shit has gotten insane. I really have no idea how people pay for crap these days. I remember when you could get a decent room for $65 a night, wasn’t all that long ago really, then it jumped to $110 a night and people complained that was too much but paid it, then it jumped to $179 for a nice room and people paid it and then $220 and so on. Now we are at $399 a night. That’s a decent room why self respecting person would stay and that’s pretty much avg. it goes up from there. WTF? And this isn’t anything magical. Small room, bunk beds and so on, 4 star joint that should have been like 2 imo. Not only is shit getting more expensive but the quality is going way down. The only thing that saved it is the fact that the staff was awesome. In fact, I’m thinking about moving that way simply because it’s like another world. Everyone was super mellow and friendly, flags flying everywhere, no stupid masks, just nice patriotic freedom loving people everywhere. I would have gotten a house to rent somewhere but everything and I mea everything was rented out but some of these houses are pulling $2000-$3000 a night. What? Seriously, is this the new norm mr a result of inflation? If the kids were older I’d go overseas cause I can go there cheaper in some cases than a full week here at home.
    20211014_071507.jpg


    Heating oils and natural gas for your home are expected to be up 54 % this winter , enjoy !
     
    See it here on the Gulf Coast of FL as well I have a buddy with 2 high rise condos on Clearwater Beach he has rented year around since early 2000s. His summer rates are approaching prime winter season rates of a few years ago. In addition property REITs continue to thrive especially the ones with CPI-inflation linked rent escalators in their agreements they are just going gangbusters. Best dividend payers I own continue to be mortgage REITs followed by property REITs.
     
    See it here on the Gulf Coast of FL as well I have a buddy with 2 high rise condos on Clearwater Beach he has rented year around since early 2000s. His summer rates are approaching prime winter season rates of a few years ago. In addition property REITs continue to thrive especially the ones with CPI-inflation linked rent escalators in their agreements they are just going gangbusters. Best dividend payers I own continue to be mortgage REITs followed by property REITs.

    I'm averaging a bit over 10% with all of my REITs. Best money I ever invested. I wish I'd started earlier in life.
     
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    I'm averaging a bit over 10% with all of my REITs. Best money I ever invested. I wish I'd started earlier in life.
    I'm just patiently waiting for Treasuries to inch back up some more so REITs come down again on sale. Many will rush to sell their REITs, then earnings come out and they realize oh REITs aren't bonds shit why did I sell they are still doing great.....zinnnnnng shoots past their original cost basis completing the garden variety investor's experience of buying high selling low. Good REITs are going to have a blowout Q3.
     
    I'm just patiently waiting for Treasuries to inch back up some more so REITs come down again on sale. Dummies will rush to sell their REITs, then earnings come out and they realize oh REITs aren't bonds shit why did I sell they are still doing great.....zinnnnnng shoots past their original cost basis completing the garden variety investor's experience of buying high selling low.

    As long as your REIT is solid there no need to ever sell your investment. Dividends are too strong to think that a dip is going to cost you money. I'm conservative with my investments, but show me an easier way to make 10+% on money you don't have manage.
     
    See it here on the Gulf Coast of FL as well I have a buddy with 2 high rise condos on Clearwater Beach he has rented year around since early 2000s. His summer rates are approaching prime winter season rates of a few years ago. In addition property REITs continue to thrive especially the ones with CPI-inflation linked rent escalators in their agreements they are just going gangbusters. Best dividend payers I own continue to be mortgage REITs followed by property REITs.
    What would he charge for Xmas Eve and day
     
    I feel the pain. Buy a camper.
    When we were teenagers we didn't want to spend the $40 on a room on PCB/FL. The KOA was across the street from Spinnakers and La Villa, it was like $8 for a tent sight and they had hot showers!
     
    As long as your REIT is solid there no need to ever sell your investment. Dividends are too strong to think that a dip is going to cost you money. I'm conservative with my investments, but show me an easier way to make 10+% on money you don't have manage.
    I used to think that way, but then the board of directors changes, maybe leverage starts getting abused, mote gets eroded and they get over extended into some bad deals.....poof you get a Washington Prime example. In general I agree, but just b/c you buy a solid REIT doesn't mean it's always going to be a solid REIT you really have to....or at least I choose to pay very close attention to them. I'm a huge fan of agency backed REITs and as of yet I've never sold one. As an example just b/c a REIT has a debt covenant that they are below doesn't mean I may think they are using leverage properly or safely.....each one is different.
     
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    What would he charge for Xmas Eve and day
    Just shot him a text I'll let ya know. If you are referring to potentially a unit available they are long gone typically peak season stuff is booked b/f people leave that year's trip. On a different note we are coming over with zip ties and throwing you in the pick up bed soon have your rifle/bag prepped......your attendance record is WEAK at the range. Prepare to be abducted!
     
    U so kinky
    Just shot him a text I'll let ya know. If you are referring to potentially a unit available they are long gone typically peak season stuff is booked b/f people leave that year's trip. On a different note we are coming over with zip ties and throwing you in the pick up bed soon have your rifle/bag prepped......your attendance record is WEAK at the range. Prepare to be abducted!
    U so kinky
     
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    its going to get way worse.

    think Greece in 15'-16' account freezes, banks closed, 401K confiscated.

    you WILL OWN NOTHING, you WILL eat the bugs, and YOU WILL LIKE IT.

    Naw they will just fire up the Fed printing press, give themselves a few trillion, and amnesty for every fucker who falls across our southern border.
     
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    Hotels have gone crazy since the wuhan flu, not sure why, but I think it’s more a supply and demand thing than a inflation thing. Same with the prices of vehicles and homes etc

    My niece owns a hotel and they were close to having to shut down at the height of the hysteria. They get a lot of military and families due to all of the things going around the area. She's doing fine now, but her prices haven't gone up anymore than they normally would adjust as per the franchise agreement dictates.
     
    its going to get way worse.

    think Greece in 15'-16' account freezes, banks closed, 401K confiscated.

    you WILL OWN NOTHING, you WILL eat the bugs, and YOU WILL LIKE IT.
    I’m gonna head to bigfatcocks place! At least there will still be plenty of pussy to eat!
     
    somebody mentioned $6 maple bar (donut) and dunkin is paying $17.50 +benefits so....
    i wonder if i will get a COL adjustment, lol.