Oil guys complaining that drilling for oil is not free, thus eating into their profits? Poor babies.
Jan 20 2025 price of gas
- Thread starter UncleMark
- Start date
You played golf with a couple landmen. Very nice. Execs with belt buckles and cowboy hats or roughnecks? Did they come from the patch or the office?
That’s a good thing. Next time stick the credit card in the pump and spend the filthy fiat currency.
We need less talk about talks and more action.
Heading to Costco this morning. I’ll report back. Hoping the EO gender thing of male and other helps my wallet.
He signed an EO to cut the price of Twinkies to 99 cents a box!!!
Get gas down and that will help some. Cut the piss out of regs and encourage other political subdivisions to do same and that’ll help housing. Almost 25 percent of the cost of a new home is tied up in regs from development to construction.
That’s for the Dream Team to consume on their flights. (Not the WC dream team but Trump and his oligarchs)
You don’t know how happy this post makes me. Once you see it, you can’t unsee it. Inflation is good, deflation is bad is one of the worst lies ever told.
Economists, generally speaking. With the caveat that it's kept relatively low.
Also, the entire federal government is going to be pushing real hard to inflate the debt away since no one has the stomach to actually reduce it.
I tried to buy a box of beer with bitcoin….they said “sir, we do not have change for that”
Patience son. Patience. We figured out how to get it on the internet. We figured how to make it look like an updated krugerrand. We figured out how to get people to buy it. We figured out how to create cool merch for it. Now we figure out how you can spend it
#unstoppable
#fiatisdead
#justsaynotoaltcoins
Deflation was 7% per year from 1930-1933. Heard it was a great time to be alive!
I know a guy(community really) that has leased out their mineral rights to fracking companies on two occasions over the past 25 years. Not a drop was developed. Neither company survived. OPEC/world events had more influence than politics. Timing is everything. I doubt they come back anytime soon.
It’s also margins for public services. The local mayor said out loud a few years ago that homes built that cost less than $X are a negative for public services, including schools. He got a lot of shit for it but he was being honest. Affordable housing sounds nice but there is still a math part.
Don't know how you solve that outside of subsidizing. Cutting regs is fine, to a degree. But you still have to require some form of standards via building code
That sounds high in most parts of the country. I've built all three of our homes and sure there are certain local refs and fees. I guess if you tied fees including raw materials along the way. That still seems high.
Regulatory Costs Add a Whopping $93,870 to New Home Prices
Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB.
www.nahb.org
What is the market rate for 12 boxes of dirty magazines??? This auction should tell us about the economy more than crude oil barrel. auction, box of hustlers
No i do not search the internet for this stuff. This auctioneer has some pretty cool stuff sometimes, but it always ends up at or above market price.
No i do not search the internet for this stuff. This auctioneer has some pretty cool stuff sometimes, but it always ends up at or above market price.
Thanks for the link. I will have to take a deeper look later. We definitely felt the surging lumber prices when we built 4 years ago. Things have continued to spiral since.Regulatory Costs Add a Whopping $93,870 to New Home Prices
Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB.www.nahb.org
The happened on a credit based system with a Central Bank. Putting that aside are you saying having 2-5% of your purchasing power taken each year is preferred? You really think that is the best system to run an economy on?
Minimum lot sizes is a huge factor. One house instead of two or more.
There are lots of factors that go into what an 'ideal' inflation rate would be.
Here's a good analysis on how we kind of settle on about 2% as being the target.
Having negative real interest rates is no bueno, for sure.... When savings rates pay less than inflation. At least right now, real rates are positive. I get about 4.25% on my cash in a MM fund and inflation is running 3%.
Seems most new construction is on the smallest lot possible. Even seven figure new homes around here are damn near touching each other unless you get into estate lots. The last of the large suburban lots seemed to end around 2000ish.
Same. Ripping out what were once starter homes in desirable burbs and building 7 figure homes that look like new construction in Charleston. Very odd
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