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Old 09-10-2009, 12:47 PM
 
Location: The 12th State
22,974 posts, read 58,480,053 times
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I just dont fall for this pessimism
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Old 09-10-2009, 12:59 PM
 
Location: State of Being
35,885 posts, read 67,016,830 times
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Quote:
Originally Posted by SunnyKayak View Post
I just dont fall for this pessimism
I don't know about the chance on the dollar collapse and hyperinflation, but I do believe we will find we are spending more for a lot things in the future.

For one thing, our retail taxes have already gone up and our homeowner's insurance is going up. So we know those two items are gonna be higher next year. Utilities are going up; gas most likely will go up. A lot of analysts are saying food prices, overall, will go up. I would guess that at some point, every municipality will raise property taxes.

And altho I doubt we will have steeply rising inflation, the chances are good we will have some inflation, and it could be a steady rise - just not necessarily a huge spike.

I see things shaping up a lot like what I lived through in the 70s. That is why I think that in a year or two, it will cost us maybe 18% more to live as we are now. I will happily be proven wrong, of course! But I am just looking at all the increases and they add up . . .
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Old 09-10-2009, 03:32 PM
 
Location: El Charlotte
182 posts, read 379,591 times
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Quote:
Originally Posted by anifani821 View Post
I don't know about the chance on the dollar collapse and hyperinflation, but I do believe we will find we are spending more for a lot things in the future.

For one thing, our retail taxes have already gone up and our homeowner's insurance is going up. So we know those two items are gonna be higher next year. Utilities are going up; gas most likely will go up. A lot of analysts are saying food prices, overall, will go up. I would guess that at some point, every municipality will raise property taxes.

And altho I doubt we will have steeply rising inflation, the chances are good we will have some inflation, and it could be a steady rise - just not necessarily a huge spike.

I see things shaping up a lot like what I lived through in the 70s. That is why I think that in a year or two, it will cost us maybe 18% more to live as we are now. I will happily be proven wrong, of course! But I am just looking at all the increases and they add up . . .
Ani, thanks for qualifying your responses. One liner responses often do nothing to add staying on topic or make a point. I was asking what people had been reading regarding this issue, not quips that offer nothing to the discussion.
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Old 09-10-2009, 03:36 PM
 
Location: El Charlotte
182 posts, read 379,591 times
Reputation: 141
Default Thanks for the info!

Quote:
Originally Posted by cgballer View Post
Oh really? We must have a real expert on inflation here. To get the facts right: Coal News and Market. Coal is as expensive now as it was 3 years ago.

The Producer Price Index (PPI) for Industrial Commodities: Bureau of Labor Statistics Data

And by the way: The Duke Energy rate increase is on top of the 4.8% "fuel adjustment" that was already approved in July. How is such a high fuel adjustment justified when the price for coal is flat?

+1 cgballer! Thanks for those good resources, it adds a lot to the discussion.
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Old 09-11-2009, 07:10 AM
 
Location: Ayrsley
4,714 posts, read 8,457,827 times
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This thread has been interesting to read, if only because I have not really paid that much attention to the rise on taxes, utilities, etc. here in Charlotte (and I probably should). I think it is simply because, as someone who relocated here from MD a little over a year ago, a lot of these costs seem relatively inexpensive to me. My house here is 25% larger than my house in MD, yet my electric bill from Duke is generally 45%-50% of what my bills were from BGE. Same with property taxes, and the cost of living in general down here; they are significantly lower than what I had been used to for the better part of 14 years. Its all a matter of perspective I guess; and it seems mine has not yet fully adjusted to that of one now living down here.
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Old 09-11-2009, 11:16 AM
 
Location: Huntersville
1,852 posts, read 4,666,602 times
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I agree Tober.. I don't like Price Increases but Duke has always been WAY cheaper than any other area I have lived in.

For the greater picture, I think we will see some price increases in the next months, but I think you will see price drops in other areas, especially non food consumer goods. I.E. electronics, clothes, etc.
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