Domain: tiger-web1.srvr.media3.us Prices are NEVER going back down | Page 2 | O-T Lounge
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re: Prices are NEVER going back down

Posted on 5/4/22 at 7:30 pm to
Posted by Diseasefreeforall
Member since Oct 2012
7289 posts
Posted on 5/4/22 at 7:30 pm to
If Trump was still president he would have been begging Powell to keep rates down after the market started tanking, which would make inflation worse.

Both Biden and Trump are fiscal dipshits.
Posted by Centinel
Idaho
Member since Sep 2016
45020 posts
Posted on 5/4/22 at 7:31 pm to
quote:

Both Biden and Trump are fiscal dipshits.


One wanted to lower taxes, one wanted to raise them.

I'll side with the dipshit that actually lowered them.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74070 posts
Posted on 5/4/22 at 7:34 pm to
hypothetical. one is currently the sitting President and has done nothing but ignore that inflation existed, do nothing prevent it or slow it down, and again is ignoring its impact completely.

and is still wanting to spend spend spend.

the same one also had a good time laughing at inflation jokes at American’s expense while at the White House Correspondents Dinner last weekend.

but sure, yeah. one and the same. whatever helps you justify being apart of that 81 million*
This post was edited on 5/4/22 at 7:50 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82140 posts
Posted on 5/4/22 at 8:04 pm to
The YoY inflation number would have to go negative for it to mean prices are falling. Inflation going from 9% to 2% doesn’t mean prices fell. It means they didn’t rise as high.
Posted by DaBike
Member since Jan 2008
10473 posts
Posted on 5/4/22 at 8:09 pm to
When we are in a full recession they will
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
11016 posts
Posted on 5/4/22 at 8:19 pm to
quote:

companies will NEVER revert their prices back to pre-COVID.


Tends to happen when the government prints like 70% of all money ever in the last couple of years.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 5/4/22 at 8:41 pm to
Competition is good.
Posted by armsdealer
Member since Feb 2016
12287 posts
Posted on 5/4/22 at 8:44 pm to
Prices are up because the money supply is up.

Supply chain has mostly recovered, there is just WAY more money out there.

People will put their heads in the sand but it was TRUMP AND BIDEN spending that did this, so thank them both.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 5/4/22 at 9:03 pm to
quote:

Who thought prices were going to go down? eta


A whole bunch of people waiting to buy houses and vehicles because they believe some economic aberration will magically return prices to 2019 levels.
Posted by SCREWDAT
Baton Rouge, LA
Member since Oct 2015
1450 posts
Posted on 5/4/22 at 9:09 pm to
quote:

I don’t see supply catching up to demand for at least the next 3-5 years.


Incorrect
Posted by NoSaint
Member since Jun 2011
12557 posts
Posted on 5/4/22 at 9:25 pm to
quote:

Even if manufacturing, supplies, resources, and staffing go back to normal, companies will NEVER revert their prices back to pre-COVID.


To be fair, I didn’t expect to go back to 2016 prices in 2019 either.

While I doubt they go down, inflation will at some point slow down. Pay will have come up a chunk, etc… and things will normalize out a bit.
Posted by LSUSkip
Central, LA
Member since Jul 2012
24717 posts
Posted on 5/4/22 at 9:26 pm to
quote:

When we are in a full recession they will


I wonder what's gonna happen when we hit that depression. I have a feeling it's coming.
Posted by NoSaint
Member since Jun 2011
12557 posts
Posted on 5/4/22 at 9:27 pm to
quote:

Both Biden and Trump are fiscal dipshits.


Are in it for short term wins for themselves and not long term wins for you
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
73597 posts
Posted on 5/4/22 at 9:28 pm to
Posted by kciDAtaE
Member since Apr 2017
17489 posts
Posted on 5/4/22 at 9:32 pm to
quote:

give us an example


Have prices for illegal drugs gone up? I honestly don’t know
Posted by OweO
Plaquemine, La
Member since Sep 2009
121022 posts
Posted on 5/4/22 at 9:34 pm to
Just elect a Republican. Evidently that's the answer to every problem.
Posted by NOLAVOL16
Member since Jan 2022
898 posts
Posted on 5/4/22 at 9:34 pm to
quote:

Home prices will more than likely stabilize, but I don’t think there’s going to be a major dip or bubble burst. More than likely a correction, but I don’t see supply catching up to demand for at least the next 3-5 years.


Gonna be a lot longer than this. I don’t think we come back to even until at least the point where boomers are dying off rapidly and even then it won’t happen. There simply isn’t enough available land near jobs on which to build SFH’s fast enough. Lots of younger people are going to be forced into townhouses or condos and the value of houses with land will continue to increase, though not as fast as the last 18 ridiculous months.
Posted by go ta hell ole miss
Member since Jan 2007
14594 posts
Posted on 5/4/22 at 9:38 pm to
quote:

As long as this trend continues, prices will always be on the rise.

WTA: You can down vote it all you want. It won’t change the fact it’s true.


The dollar is way stronger now than it was six months ago. Inflation is way higher now than six months ago. Repeating it doesn’t make you right.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74070 posts
Posted on 5/4/22 at 9:39 pm to
or better yet… we can do like our current president and the media by pretending inflation is transitory or doesn’t exist period.

if we all just pretend that fuel, groceries, and apparel haven’t gone up 20% in a year. It hasn’t actually happened right?
Posted by OweO
Plaquemine, La
Member since Sep 2009
121022 posts
Posted on 5/4/22 at 9:41 pm to
Are get a president that will tell us the country will shut down for 2 weeks then 10 months later when he is out of office the country is still shut down. Covid shutdowns had a huge impact on our economy.
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