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Median rent on a 2 bedroom in an inland city like Denver is about $25,000 a year
Median rent on a 2 bedroom in Los Angeles is $40,000 a year.
Median rent on a 2 bedroom in Miami $33,000 a year.
Some amazing rent median rents out there:
Tampa, FL median 1 bedroom $1,629
Phoenix median 1 bedroom $1,515
Denver, CO median 1 bedroom $1,769
Miami, FL median 2 bedroom $2,802
Los Angeles, CA median 2 bedroom $3,374
San Diego, CA median 2 bedroom $2,998
Even places long with a reputation of affordability have skyrocketing rents:
Median 1 bedroom by metro
Birmingham, AL 1 bedroom $1,065
St. Louis 1 bedroom $1,129
Cincinnati, Oh 1 bedroom $1,136
Atlanta, Georgia 1 bedroom $1,600
97.1% apartment occupancy rate nationwide, which means less than 3 percent of apartments are vacant.
Status:
"Let this year be over..."
(set 18 days ago)
Location: Where my bills arrive
19,219 posts, read 17,080,738 times
Reputation: 15537
Quote:
Originally Posted by LS Jaun
Sure, gas jumps up 50% after Biden takes office. Biden offerering freebies with no end in sight. There's not enough Billionaires to pay for his Leftist pipe dreams. Every thing Biden has done will result in higher inflation. Biden owns this mess, he just doesn't know why
Shut downs in the pipeline along with a surge out the gate so to speak had no bearing on gas prices. Maybe if those in the petroleum industry would invest in their equipment we wouldn't be dealing with refinery shutdowns every time the wind blows over 10 miles an hour.
What tax increase did you say the administration has added to gasoline that has caused the jump?
Sure, gas jumps up 50% after Biden takes office. Biden offerering freebies with no end in sight. There's not enough Billionaires to pay for his Leftist pipe dreams. Every thing Biden has done will result in higher inflation. Biden owns this mess, he just doesn't know why
So a quick google search will provide you with why we saw a jump in gas prices.
Supply chain disruption and a surge in demand are the driving factors.
Near term relief for the global supply chain disruption is not around the corner. As long as demand holds up through the holiday shopping season, COVID outbreaks continue to shut shipping hubs around the world, and extreme weather batters individual links in the chain, expect the disruption to persist.
Sure, gas jumps up 50% after Biden takes office. Biden offerering freebies with no end in sight. There's not enough Billionaires to pay for his Leftist pipe dreams. Every thing Biden has done will result in higher inflation. Biden owns this mess, he just doesn't know why
You do understand that the Covid had people working from home and not buying gasoline so the price dropped.
People who own oil wells have a vague idea of how much oil in the ground. Why sell it cheap? They cap the wells until they can get the price they want.
Jeepers, sounds to me in a capitalist society the landlords decide the pricing . You know, based on how much they need that extra vacation or to pay for the inground pool .
Course there is the few honest and decent investors that keep prices within the consumers budget and are okay with a 10-12% profit.
Pretty sure they get to do a depreciation tax write off. Which I think the name says it all...let the place wither away while jacking up that rental income.
Status:
"everybody getting reported now.."
(set 19 days ago)
Location: Pine Grove,AL
29,549 posts, read 16,533,663 times
Reputation: 6032
Quote:
Originally Posted by TBQEgg11
Inflation tracker does tell you A LOT of things. That's the reason why they keep track of inflation as one of the indicators to reflect how healthy the economy is.
the problem with your argument is that no economist is using the inflation tracker you find on the internet, or at least not this random site.
they are using a far more detailed one that cuts out things like this.
I hope my clarification makes my argument slightly more coherent.
Quote:
Every time when an event that is able to impact the economy happens resulted in inflation or deflation as we saw in the prices went up or down. Ex: The OPEC decides to cut off oil production will raise gas prices, following the raise of everything in prices. Or when a government like Venezuela wanted to overrun their money printing machine will result in devalue of their currency as they don't have the goods or assets to value their money. Since last year with the US economy went down, and other countries' economies as well, the US dollar's value went down by a lot, if you follow the US dollar's exchange rates comparing to other countries' currencies, because we had much more hand outs comparing to other countries. That's why the house's prices were supposed to go down, it went up instead of going down. It's just the case of too much money around while the amount of goods and assets went down. The inflation rate, the stock's value, the house prices, the interest rate, the US dollar's exchange rate all related organically to each other and can impact our economy and our financial lives.
Your car production example doesn't make sense because you forgot a very important factor that is the pandemic. Since last year, the world gas' demand suddenly shot down, therefore the gas prices went down last year by more than 50%. That resulted in lacking of demand for buying new cars. The needs of buying new/ used cars just went up gradually with the recovering of the economy till this year, then the effect of overload of handout money circling in the society finally kicked in. That's the reason why the car prices lagging behind comparing to others like house prices and food prices.
Ugh, not sure why you keep contradicting your own point and then somehow thinking its a win, but by your own logic, all this still happened before any of Bidens programs took affect, and the few things Biden did wasnt so much money that it caused any of this even if it had happened in the timeframe you claimed. .
So blaming Biden makes no sense unless you just came here to be partisan.
Near term relief for the global supply chain disruption is not around the corner. As long as demand holds up through the holiday shopping season, COVID outbreaks continue to shut shipping hubs around the world, and extreme weather batters individual links in the chain, expect the disruption to persist.
As I’ve told you before, your explanation on supply chain and weather is an over simplification:
• Biden shut down drilling on federal land
• shut down the Keystone pipeline (which causes the oil to be shipped by rail, which costs more
• ticked off Saudi Arabia, who intentionally raised oil prices after the Biden administration bungled a Trump era treaty
Since Google searching is easy, I’ll let you search for the articles
As I’ve told you before, your explanation on supply chain and weather is an over simplification:
• Biden shut down drilling on federal land
• shut down the Keystone pipeline (which causes the oil to be shipped by rail, which costs more
• ticked off Saudi Arabia, who intentionally raised oil prices after the Biden administration bungled a Trump era treaty
Since Google searching is easy, I’ll let you search for the articles
Use that easy Google search to discover Biden shut down the extension of the pipeline, not the entire Keystone pipeline. And a judge blocked the shut down on federal land in June.. The drilling in Alaska and the GoM will resume
This is not really inflation. Inflation is a general price increase. Some of the increase in rents is doubtless due to inflation, but much of it is a relative price increase due to supply/demand.
The eviction moratorium acts somewhat similar to rent control, which has always been a disaster in NYC. That voters can't understand the effects of the rent moratoriums is cause for concern. They're so busy teaching CRT and CTT (trans theory) in school that there is no time for economics.
The eviction moratorium acts somewhat similar to rent control, which has always been a disaster in NYC. That voters can't understand the effects of the rent moratoriums is cause for concern. They're so busy teaching CRT and CTT (trans theory) in school that there is no time for economics.
Exactly. New tenants are essentially paying the back rent of the previous tenant, just like in rent controlled cities new market-rate tenants are subsidizing the rent controlled tenants. Basically a ponzi scheme of sorts. The goal of policy should have been for all housing across the board to be affordable, but that makes too much sense for the leftie loonies.
and every word of regulation is a tax on producers that consumers will eventually pay. This eviction moratorium basically broke the market.
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