Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 04-26-2008, 01:19 PM   #21
Full time employment: Posting here.
Delawaredave5's Avatar
 
Join Date: Dec 2004
Posts: 699
My neighbor said he was going to "pre buy" clothing for his daughter for the next several years - expecting prices to rise and taking advantage of current prices.

I thought he was joking. He was serious. Unbelievable.
Delawaredave5 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-26-2008, 01:28 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ziggy29's Avatar
 
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
Quote:
Originally Posted by Delawaredave5 View Post
My neighbor said he was going to "pre buy" clothing for his daughter for the next several years - expecting prices to rise and taking advantage of current prices.

I thought he was joking. He was serious. Unbelievable.
This is the kind of stuff that will help prices plummet in the future. You can only "pre-buy" and hoard so much, and once you already have yours and the demand falls off sharply, these hoarders may be kicking themselves.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline   Reply With Quote
Old 04-26-2008, 02:47 PM   #23
Gone but not forgotten
Khan's Avatar
 
Join Date: Aug 2006
Posts: 6,924
Send a message via AIM to Khan
Quote:
Originally Posted by Delawaredave5 View Post
My neighbor said he was going to "pre buy" clothing for his daughter for the next several years - expecting prices to rise and taking advantage of current prices.

I thought he was joking. He was serious. Unbelievable.
Does he know that cloth has a shelf life?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 04-26-2008, 03:50 PM   #24
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 17,773
Quote:
Originally Posted by Delawaredave5 View Post
My neighbor said he was going to "pre buy" clothing for his daughter for the next several years - expecting prices to rise and taking advantage of current prices.

I thought he was joking. He was serious. Unbelievable.
Does he know that daughters have a shelf life?

Wish I'd done that 20 years ago for my daughter when legwarmers and scrunchies were on sale!
Bestwifeever is offline   Reply With Quote
Old 04-26-2008, 04:26 PM   #25
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
People are loading up on the wrong stuff. More guns and ammo..
Notmuchlonger is offline   Reply With Quote
Old 04-26-2008, 04:41 PM   #26
Gone but not forgotten
Khan's Avatar
 
Join Date: Aug 2006
Posts: 6,924
Send a message via AIM to Khan
Quote:
Originally Posted by Notmuchlonger View Post
People are loading up on the wrong stuff. More guns and ammo..
Nitrogen packed beans wheat rice.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 04-26-2008, 05:17 PM   #27
Full time employment: Posting here.
Darryl's Avatar
 
Join Date: Mar 2007
Posts: 577
I've heard of a guywho hasn't had any fresh vegetables since Jan. 1, 2001 his DW is making him finish the canned goods he bought for Y2K
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
Darryl is offline   Reply With Quote
Old 04-26-2008, 05:36 PM   #28
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
Quote:
Originally Posted by Delawaredave5 View Post
My neighbor said he was going to "pre buy" clothing for his daughter for the next several years - expecting prices to rise and taking advantage of current prices.

I thought he was joking. He was serious. Unbelievable.
When I was a kid, lots of parents used to buy clothes several sizes too big for their kids, so the clothes would last! Pants legs and long sleeves would get rolled up, and girls' dresses would be double hemmed, until the child had grown enough to fit into the too-big clothing.

But then, kids grow like weeds. I think this was only for clothes that would fit in a year or two.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.

Happily retired since 2009, at age 61. Best years of my life by far!
W2R is offline   Reply With Quote
Old 04-26-2008, 05:42 PM   #29
Full time employment: Posting here.
flipstress's Avatar
 
Join Date: Jun 2004
Posts: 538
Quote:
Originally Posted by Notmuchlonger View Post
People are loading up on the wrong stuff...
I just bought three pairs of shoes today to add to my three new pairs that I've bought in the last couple of months and that I haven't worn yet.

I'm prepared for a run on shoes
flipstress is offline   Reply With Quote
Old 04-26-2008, 05:44 PM   #30
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Quote:
Originally Posted by flipstress View Post
I just bought three pairs of shoes today to add to my three new pairs that I've bought in the last couple of months and that I haven't worn yet.

I'm prepared for a run on shoes
Just think what will happen if we have a chocolate shortage. Oh the humanity..
Notmuchlonger is offline   Reply With Quote
Old 04-26-2008, 06:35 PM   #31
Full time employment: Posting here.
Urchina's Avatar
 
Join Date: Feb 2008
Location: Central Coast, California
Posts: 923
I pre-buy clothes for my kids at garage sales, but my kids are really little and I usually pay less than 50 cents for clothes for them. So if I see some really nice clothes four or five sizes out, I'll get them. At best, I'll have complete kids wardrobes for 5 years for less than $20/year. At worst, I'll sell them at a garage sale and make the $20 back. But once they get their own fashion ideas, I'm sure this strategy will become useless.

As far as stocking up goes --- we're loading up on strawberries to make a year's worth (or two, if I can swing it) of strawberry jam. It's 80 degrees here today and I'm going to be stirring bubbling fruit on a hot stove. But maybe I can negotiate a trade with Brewer....
__________________
"You'd be surprised at how much it costs to look this cheap." -- Dolly Parton
Urchina is offline   Reply With Quote
Old 04-26-2008, 09:29 PM   #32
Full time employment: Posting here.
Ronnieboy's Avatar
 
Join Date: Feb 2008
Posts: 748
Quote:
Originally Posted by SteveR View Post
Well, out here in LDS Country...a one year supply is "required". Houses have a food storage room designed for just this purpose. The concept is that "when it happens" the Mormons will survive and take over the world...or words to that effect. Additionally, guns are also a way of life here and it is reported that there are three of them for every man woman and child in the state.

Sadly, the local Costco I am talking about was in Utah.

I have yet to get a gun though....:confused:
Ronnieboy is offline   Reply With Quote
Old 04-26-2008, 10:26 PM   #33
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 445
Quote:
Originally Posted by Urchina View Post
From the OP's linked article:

"The main reason for rising prices, of course, is the surge in demand from China and India. Hundreds of millions of people are joining the middle class each year, and that means they want to eat more and better food.
A secondary reason has been the growing demand for ethanol as a fuel additive. That's soaking up some of the corn supply."
Worth remembering that until recently, average daily caloric intake of a Chinese citizen was approximately 1000. Rural poor have only in the past generation exceeded a malnourished, if not starvation diet. In many areas, meat is an annual pleasure during the New Year's celebration.
Frame of reference: average caloric intake of German WWII concentration camp victim was @ 750 (actual number depended on race/ religion).
So enough may be more apt than "more and better."
Also, maybe scrutiny of diets, in this land of rampant obesity and diabetes, and a Weight Watchers/ Curves/ all you can eat joint in each town, ought to be self directed.
P.S. is offline   Reply With Quote
Old 04-28-2008, 09:40 AM   #34
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,360
Quote:
Originally Posted by SteveR View Post
Well, out here in LDS Country...a one year supply is "required". Houses have a food storage room designed for just this purpose. The concept is that "when it happens" the Mormons will survive and take over the world...or words to that effect. Additionally, guns are also a way of life here and it is reported that there are three of them for every man woman and child in the state.
Doesn't worry me ... I doubt that I'd want to survive in a situation where the 'God and guns' crazies were in charge.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is offline   Reply With Quote
Old 04-28-2008, 11:04 AM   #35
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Quote:
Originally Posted by Milton View Post
Doesn't worry me ... I doubt that I'd want to survive in a situation where the 'God and guns' crazies were in charge.
My guess is that you have never visited a "red state" then
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Old 04-28-2008, 11:41 AM   #36
Recycles dryer sheets
 
Join Date: Feb 2008
Location: Colorado
Posts: 131
Quote:
Originally Posted by Notmuchlonger View Post
Just think what will happen if we have a chocolate shortage. Oh the humanity..
OK - Now you've got me worried. Rice - 10lbs can last me a couple of years. But chocolate is a STAPLE.
NotReady4Purple is offline   Reply With Quote
Old 04-28-2008, 11:47 AM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 12,880
Quote:
The main reason for rising prices, of course, is the surge in demand from China. Hundreds of millions of people are joining the middle class each year, and that means they want to eat more and better food.
And they're going to be hungry again in half an hour!
__________________
Al
TromboneAl is offline   Reply With Quote
Old 04-29-2008, 08:42 AM   #38
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,360
A related article: Americans Are Hoarding Food.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is offline   Reply With Quote
Old 04-29-2008, 12:00 PM   #39
Thinks s/he gets paid by the post
kaudrey's Avatar
 
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 1,053
Why rice? I don't even like rice....it's just empty carbs to me. Well, white rice, anyway...I do like the long grain and wild rice mixture on occasion.
__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
kaudrey is offline   Reply With Quote
Old 04-29-2008, 12:03 PM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by kaudrey View Post
Why rice? I don't even like rice....it's just empty carbs to me. Well, white rice, anyway...I do like the long grain and wild rice mixture on occasion.
Because the media said so.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
So when did eggs become "OK" again? Telly Health and Early Retirement 27 01-17-2008 12:26 PM
Emptying Nest Eggs, Not Nests--NYT haha FIRE and Money 30 07-25-2007 12:37 PM
Eggs in one basket? teejayevans FIRE and Money 28 03-18-2007 08:08 PM
Putting all your eggs in one brokerage firm daystar FIRE and Money 5 07-16-2005 06:00 PM
Putting all your equity eggs in Vangard Roger_R FIRE and Money 13 04-16-2004 12:49 PM

» Quick Links

 
All times are GMT -6. The time now is 05:11 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.