How worried are you about inflation?

[Nick12]

Yeah, unfortunately we had to bite the bullet and buy 11 sheets a few days ago at $66 (for low grade CDX sheathing!). On the plus side, it is something like $70 a sheet now.

New way to make money....long plywood!

Wait till plywood prices rise up right before a hurricane striking.

 

[Nick12]

Plan and save and invest for retirement should start when the young ones start working. Easier said than done. It allowed me to FIRE when I wanted to.

 

[Dtail]

I know this time around, I'm locking in 18% CD's for long term

Damn straight.

 

[Clover5]

Not going to make any adjustments for the time being. I'll monitor what Bill McBride and Policy Tensor are seeing.

https://www.calculatedriskblog.com
https://policytensor.substack.com/p/no-sign-yet-of-underlying-inflation

 

[pjigar]

I know this time around, I'm locking in 18% CD's for long term

And some I-Bonds

 

[Winemaker]

Bought the annual half beef last week, 327# hanging, $4.47/#, netted about 170+#. Overpaid for hamburger, average for roasts, underpaid for steak and premium cuts.

Still have the stash of seafood bought on sale from end of Lent, garden gets tilled tomorrow. 85 gallons Chilean and South African white grape juice cold fermenting in wine cooler closet, will run $2.50/bottle. The barrel of Semillion is a 2 year project, and something different for a change.

The six apartments are full, rented at market value, and could be bumped up if needed in the future. The SFH was sold earlier.

I'm not worried about inflation; with TIPS fund about !5% of portfolio.

 

[ls99]

Not at all. But the recent barrage of printing money to hand out is most annoying.

 

[Car-Guy]

Not at all. But the recent barrage of printing money to hand out is most annoying.

+1 (at least) Certainly will be a major inflationary driver... IMO

 

[Amethyst]

OK, anecdata, and imprecise at that, but...

We did a big shop ($454 after coupons) at BJs yesterday. Hadn't been there in a couple of months. I kept thinking, "That item used to cost $....." so I dug out a receipt from the last time. Sure enough, many items were up at least a dollar, sometimes more.

 

[yhoomajor]

https://seekingalpha.com/news/36978...aise-its-us-minimum-hourly-wage-to-25-by-2025

Don't expect your plumber to fix your leaky toilet for $79 for much longer. Good for working age folks (although long term they get hurt even more), but bad for people living on Fixed income

 

[MichaelB]

https://seekingalpha.com/news/36978...aise-its-us-minimum-hourly-wage-to-25-by-2025

Don't expect your plumber to fix your leaky toilet for $79 for much longer. Good for working age folks (although long term they get hurt even more), but bad for people living on Fixed income

From the link, for those amongst us that don’t open blind links

While there are efforts to increase the federal minimum wage to $15 per hour, Bank of America (BAC +0.0%) will boost its U.S. minimum hourly wage to $25 by 2025, it said in a statement.

That follows the company's move to raise its minimum hourly wage to $20 per hour in March of last year.
./.
The bank is also requiring its U.S. vendors to pay their employees who work with the bank at or above $15 per hour. Already, more than 990% of the company's more than 2,000 U.S. vendor firms and 43K vendor employees are at or above the $15 per hour rate.

Not sure what that has to do with fixing leaky toilets, but plumbers in my area have been charging far more than $79 for quite some time.

 

[tulak]

Regarding plywood prices, a friend said they were able to buy sheets of 19/32 cheaper than 7/16, about $20 less per sheet. He was guessing that’s because the latter is more common for construction and therefore in more demand. He also noticed that the local Home Depot has a lot more 7/16 recently, which he thinks means people aren’t buying. If true, that should result in prices decreasing.

He’s in the middle of a construction project and has been going to all the lumber stores looking for deals. He’s pretty good at finding materials cheap. For example, he bought pressure treated lumber for the joists for his deck at a 70% discount at Home Depot. The boards weren’t perfect, but he’s ok with that since they’ll be under the deck.

 

[ExFlyBoy5]

From the link, for those amongst us that don’t open blind links

Not sure what that has to do with fixing leaky toilets, but plumbers in my area have been charging far more than $79 for quite some time.

Yes, plumbers make damn fine money these days as do most other "trades" such as electricians, carpenters, etc.

 

[yhoomajor]

From the link, for those amongst us that don’t open blind links

Not sure what that has to do with fixing leaky toilets, but plumbers in my area have been charging far more than $79 for quite some time.

In VLCOL one could still hire handy-man to do odd jobs for $70-$100 rate.

I still remember, few years back.. there was movement to increase the per hour rate to $10/hr at major corporations. Then the push was for it to be increased to $15. And you are already seeing the wage inflation, with BAC planning for $25/hr in coming years. Other companies are on this path as all.

As the wage inflation spreads in all aspect of life (its happening right now, only denied by folks who look at CPI number and say that everything else is anecdotal). "Oh look now the 100" TV is cheaper than last year" is the argument repeated year after year.. But people can't eat TV. People need to live in a house, eat anecdotal priced food and all services are increasing in costs faster than rate implied by CPI.