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In 2013 I paid around $6,500 for a new HVAC. This summer (different house), I paid $11,000 for a new HVAC. So in my 10 years of experience, that is a 5.4% average annual increase, which is about what inflation is running now.
Of course, your example points out that the bulk of that increase occurred within the past year, which makes sense. From 2013 to 2021, inflation was fairly low.
$12,000 for two bedrooms, a guest bath, and a master suite. It took me days to get over that sticker shock. And if he's right about Trane units going up 40% after January...what, roughly $17k? I have two units so that would be $34,000 theoretically next year if I needed two. That is beyond absurd, I can't even think of a word. This house is 2200 square feet, it ain't the Biltmore.
I found a much cheaper price from a great guy who works for himself and has no overhead for $9,000 thank God. But that was a favor called in, expect to pay about what I said from any regular HVAC company.
I was just quoted $12,000 for an upstairs HVAC for 4 rooms. We paid $8700 for an identical unit for downstairs last year, which is larger. Plus, Trane products are going up 40% again in January, and I assume labor too, according to them and a friend of mine who owns an HVAC business.
Inflation is still worse than ever. We can't keep going on like this. It's just unsustainable.
In 2019 the HVAC quote was $6200.
He's talking about the rate of inflation and he's correct.
You are talking about prices over time and you are correct.
______
What's your source for Trans prices going up 40% in January? If that's your from your sales guy I'd have some hard questions.
$12,000 for two bedrooms, a guest bath, and a master suite. It took me days to get over that sticker shock. And if he's right about Trane units going up 40% after January...what, roughly $17k? I have two units so that would be $34,000 theoretically next year if I needed two. That is beyond absurd, I can't even think of a word. This house is 2200 square feet, it ain't the Biltmore.
I found a much cheaper price from a great guy who works for himself and has no overhead for $9,000 thank God. But that was a favor called in, expect to pay about what I said from any regular HVAC company.
The 40% thing sounds absurd because it is probably incorrect.
What's your source for Trans prices going up 40% in January? If that's your from your sales guy I'd have some hard questions.
He probably exaggerated it as part of the sales pitch but I don't doubt it, I guarantee it will be more next year.
In 2021 I ordered our boat, made sure to make it happen and get our asses in the door before costs went up more.
Took delivery last summer, I asked my broker. Exact same boat same options $17-20k more.
Sea Ray ski boats used to be around 50 grand for a good one, now expect $80k or more. Mine cost 62 or 63k for loaded out but that was in 2021 when I paid for it.
There is no market driver for inflation. The rate of inflation is set by da guberment. This is especially true with fiscal policy , and I would say the weakest and almost fraudulent means is the interest rate. Credit is not tightens with interest rates and in fact interest payments go fro the public to the private sectors the higher it is. Revere requirements, credit standards. and asset valuations matter much more. If da gubermtn waves its wand and tells banks they must make loans to sub prime for social justice , much more money will be created.
Any way they can cause deflation or runaway inflation. They already have done it many times. Both major depressions happened on gold standards the US after the war demonetized silver and green backs . It was a mathematics certainty to have a depression. The British Gold Standard Act 1925 set the stage for the next global Depression. Germany built its war machine by going off the gold standard , printing its own money just like Lincoln did.
So that is why I wear snow shoes financially speaking. its what ever they want. They pretend there is no money when they want and then they find $100/$200 billion for Ukraine, whenever they want.
Guessing Game: What is going to happen to Inflation over the comping 18 months?
a) Inflation will go up
b) Inflation will go down
c) Inflation will stay the same as it is now
d) What's inflation?
No one knows. If they did, they can run for the position of "God".
Quote:
Originally Posted by treasurekidd
Inflation has come down, but it'll be difficult to get down to the Fed's 2% target, which is a number they must have pulled out of their, umm, hat. Energy and housing are the two biggest problem areas, and both are due to tight supply, and raising interest rates wont help either. In fact, higher rates are making the housing issue worse, not better.
It's actually gone up a bit since June 2023 to August, but lower than last year.
But what people forget is that last years inflation is fixed into the price already and won't be reversed. Lower inflation is good news, but it won't fix the damage already done.
Last edited by Johnny Wadd; 09-30-2023 at 08:46 AM..
Its going down. I predict it will the CPI increase will be 2.5% in 2024.
A few months before the election, right? Yeah, I can see that happening also. Manipulated for the incumbent. Maybe he'll do another strategic oil reserves release if there is any remaining.
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