- This topic has 32 replies, 10 voices, and was last updated 16 years, 11 months ago by
The-Shoveler.
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June 12, 2007 at 12:55 PM #58721June 12, 2007 at 12:55 PM #58749
The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
Before 1981-4 (can’t remember the exact date) the cost to buy a house was included in the CPI, so really we are experiencing inflation of the 1970’s if you calculate it the same way we/they did in the 1970’s, so 10 to 15% is not that far off I believe.
Also eventually rents do meet the cost to buy (within 10-25%)
(Assume 20% down 30 year fixed as your base)So there is a lot of inflation in the pipe the Fed wants you to ignore …
June 12, 2007 at 4:59 PM #58823sdduuuude
ParticipantAm I to assume, then, that my dollar has gone up in value by 2% in the last year?
June 12, 2007 at 4:59 PM #58852ParticipantAm I to assume, then, that my dollar has gone up in value by 2% in the last year?
June 12, 2007 at 5:48 PM #58845Participantsdduuuude
“Am I to assume, then, that my dollar has gone up in value by 2% in the last year?”
Yes maybe after devaluing 10 to 15% the previous several years.
June 12, 2007 at 5:48 PM #58874Participantsdduuuude
“Am I to assume, then, that my dollar has gone up in value by 2% in the last year?”
Yes maybe after devaluing 10 to 15% the previous several years.
June 13, 2007 at 10:42 AM #59005ParticipantReally? Then why aren’t rents down if the dollars are worth more?
June 13, 2007 at 10:42 AM #59034ParticipantReally? Then why aren’t rents down if the dollars are worth more?
June 13, 2007 at 12:55 PM #59067JWM in SD
ParticipantYou’re confusing effects on prices with the cause (inflation/deflation). Also, rents are down. I posted an article from the UT about this a few days ago here and no one commented on it. When I resigned my lease a few months ago I had an increase…of 2%. Rents are not going up.
June 13, 2007 at 12:55 PM #59096ParticipantYou’re confusing effects on prices with the cause (inflation/deflation). Also, rents are down. I posted an article from the UT about this a few days ago here and no one commented on it. When I resigned my lease a few months ago I had an increase…of 2%. Rents are not going up.
June 13, 2007 at 2:24 PM #59087ParticipantI give up – if you guys want to think that currency de-valuation due to the Feds increasing the money supply is at the heart of house price increases in San Diego, go ahead. It has some effect, but the Asians and the credit markets are at the heart of the matter.
June 13, 2007 at 2:24 PM #59116ParticipantI give up – if you guys want to think that currency de-valuation due to the Feds increasing the money supply is at the heart of house price increases in San Diego, go ahead. It has some effect, but the Asians and the credit markets are at the heart of the matter.
June 13, 2007 at 2:48 PM #59099SD Realtor
Participantsdduuuuuude I agree with you.
SD Realtor
June 13, 2007 at 2:48 PM #59128Participantsdduuuuuude I agree with you.
SD Realtor
June 13, 2007 at 3:01 PM #59105drunkle
Participantyeah, home price increases based on debt increases isn’t “inflation”, it’s a bubble.
“inflation” as measured by price indexes of goods that are imported from countries with price controls is utterly retarded.
currency and population… as the population increases, the physical volume of money has to increases proportionally. otherwise, you’ll have currency inflation; less relative supply vs increased demand. at the same time, with more people comes more labor which results in wage deflation; while each dollar is worth more, you get less and less of it for a given job.
and “controlling” inflation via interest rates is senseless. inflation for who? for what? the banks still get their money, (as you know the effect increased mortgage rate has on home prices; total dollar amount for the buyer is the same, but the seller gets the shaft with deflated sale price) and everyone else pays; more expensive credit = less spending = less profit = less wages.
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