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Old 08-08-2021, 08:15 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,998,514 times
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Quote:
Originally Posted by Caltovegas View Post
I wonder how all the evictions and foreclosures are going to be handled. If many are kicked out who will take their place?

Will homes be dumped on the market? Will apartments be competing for renters? Will gas hit $5 a gallon? At

At some point the cost of living becomes a major thought especially when looking long term.
Of the 3 you mention...I think only gas hitting 5 is certain. Keep an eye on Walmart pricing as a thought of everything going up.., orange juice went up 18% last week
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Old 08-09-2021, 03:56 PM
 
1,227 posts, read 1,281,689 times
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Quote:
Originally Posted by Caltovegas View Post
I wonder how all the evictions and foreclosures are going to be handled. If many are kicked out who will take their place?

Will homes be dumped on the market? Will apartments be competing for renters? Will gas hit $5 a gallon? At

At some point the cost of living becomes a major thought especially when looking long term.
You could just as easily have asked all these questions in 2009. Somehow we survived.
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Old 08-10-2021, 12:59 AM
 
13 posts, read 13,286 times
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Quote:
Originally Posted by airics View Post
Of the 3 you mention...I think only gas hitting 5 is certain. Keep an eye on Walmart pricing as a thought of everything going up.., orange juice went up 18% last week
Inflation is a permanent fixture of modern economies, but OJ especially is a pretty poor indicator since it is always very erratic. It tends to be even more up and down than gasoline. Looking at it long term OJ used to cost more in 1985 than it does today and it is not uncommon at all for it to swing 50% or more from year to year.

https://tradingeconomics.com/commodity/orange-juice
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Old 08-11-2021, 07:29 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,998,514 times
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Quote:
Originally Posted by DenverBrian View Post
You could just as easily have asked all these questions in 2009. Somehow we survived.
It was different. The crash was due to subprime mortgages. The issue I see now is that onepce the moratorium is over and the tenants are out, the owner won’t want to rent again. They will sell and take the profit. The new owner will buy it to live in it since the cost was high. Apartments and rentals are going to skyrocket.
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Old 08-11-2021, 07:30 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,998,514 times
Reputation: 5057
Quote:
Originally Posted by MarcNetterfield View Post
Inflation is a permanent fixture of modern economies, but OJ especially is a pretty poor indicator since it is always very erratic. It tends to be even more up and down than gasoline. Looking at it long term OJ used to cost more in 1985 than it does today and it is not uncommon at all for it to swing 50% or more from year to year.

https://tradingeconomics.com/commodity/orange-juice
I used that as in general. Just about everything is up 10% or more. Marie Callender dinners are up 20%.
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Old 08-12-2021, 09:04 AM
 
1,086 posts, read 746,402 times
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Quote:
Originally Posted by airics View Post
I used that as in general. Just about everything is up 10% or more. Marie Callender dinners are up 20%.
Agreed but gosh darn it, my income is not up 10% or more!
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Old 08-12-2021, 02:15 PM
 
20 posts, read 27,584 times
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Moved from North Las Vegas to Margate, Florida (a western suburb of Pompano Beach, Florida). I never thought I would move from the home I loved, but the housing market just got so hot that I almost had to sell. I bought my house 10 years ago for $70K and sold for $290K. I bought a condo for cash in Florida and will be able to make a large deposit to my retirement account. It just made financial sense for me to move. The drought and how crowded Las Vegas has gotten were minor factors in moving too. I don't miss the Vegas heat and have enjoyed living with humidity and rain.
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Old 08-12-2021, 03:23 PM
 
Location: Las Vegas
1,627 posts, read 1,711,766 times
Reputation: 2911
Hope you continue to love that humidity and rain and hurricanes. I lasted five years in Florida and moved to Vegas.




https://www.youtube.com/watch?v=nO23B5C_Mcw
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Old 08-12-2021, 11:07 PM
 
1,355 posts, read 1,947,274 times
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Yes, Merced, CA is the next big one (with UC Merced around), while Las Vegas will move out.
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Old 08-13-2021, 08:48 AM
 
1,086 posts, read 746,402 times
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Quote:
Originally Posted by waltchan View Post
Yes, Merced, CA is the next big one (with UC Merced around), while Las Vegas will move out.
Lol. Mr. UC Riverside/UC Merced is back! Lol. Dude, Merced is a complete trash dumpster. I don't usually say that about places but it is truly disgusting. Every town around there is really bad. Basically it gets worse as you drive down highway 99: Sac is rough, Stockton is one of the most dangerous big cities in the country, Modesto is Gallo wine and that's the high point, and then it starts to get really low like Merced, Madera, Fresno, and then Bakersfield. Homeless people lined up all along highway 99. It's really bad. Just horrible!

Also, look at the area around Riverside. It is not much better than the above cities... but San Berdu is possibly worse but certainly rivals those places.

Not many people are moving from Vegas to ANY of those places.

You bring good comedy to this page though so keep it up!
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