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Whats your personal rate of inflation?

Discussion in 'Member Casual Chat' started by (original)late, May 10, 2022.

  1. (original)late

    (original)late Banned

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    (original)late, May 10, 2022
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  2. (original)late

    (original)late Banned

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    (original)late, May 10, 2022
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  3. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Mine is practically non-existent.
     
    Pro_Line_FL, May 10, 2022
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  4. (original)late

    (original)late Banned

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    How do you do that?
     
    (original)late, May 10, 2022
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  5. Collateral Damage

    Collateral Damage Well-Known Member

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    House is paid for, cars are paid for.

    Fuel has almost doubled, groceries are up 20+ %, utilities are up 12-15%. I am unable to contribute the same amount I was contributing to my retirement in order to offset these increases.

    t looks like if you don't have a mortgage or a car payment, they think you aren't feeling inflation?
     
    Collateral Damage, May 10, 2022
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  6. (original)late

    (original)late Banned

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    I am definitely feeling inflation. The tax assessor came today, next years property tax is gonna hurt.

    The Times figures my inflation rate is 9.3%.
     
    (original)late, May 10, 2022
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  7. Joe knows

    Joe knows Well-Known Member

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    I got 11.1 percent but I think it effects you more so than that. It didn’t ask you bought a house, it didn’t ask if you were stopped from buying a car because prices were too high and it doesn’t ask if you heat your house with propane. It doesn’t show the true effect of inflation by any means
     
    Joe knows, May 10, 2022
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  8. Joe knows

    Joe knows Well-Known Member

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    Yes, my property tax hike is going to hurt as well. It’s probably going to double at minimum
     
    Joe knows, May 10, 2022
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  9. (original)late

    (original)late Banned

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    It's quick n dirty, but it's not intended to be an in depth analysis.

    Quizes like that are starting to pop up, I think they're there to get people thinking.
     
    (original)late, May 10, 2022
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  10. Collateral Damage

    Collateral Damage Well-Known Member

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    My Real Estate taxes have gone up 41%. A 'normal' increase is about 7%.
     
    Collateral Damage, May 10, 2022
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  11. (original)late

    (original)late Banned

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    I'm worried mine will be similar, that would suck.
     
    (original)late, May 10, 2022
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  12. Texan

    Texan Well-Known Member

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    My living situation changed drastically with my divorce, so it's hard to calculate. I know I need to buy some land pretty quick to build on or interest rates will kick me in the teeth. I lost so much dead weight in the divorce that I'm pretty comfortable right now. Property taxes in Texas are limited to an annual 10% increase in the estimated value of your home.
     
    Last edited: May 10, 2022
    Texan, May 10, 2022
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  13. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Because I buy gas maybe once per month, my house is paid off, cars are paid off, and the things I consume cost only small part of my my income + income has gone up significantly. I have not noticed much of a difference in the amount I spend. Electric & gas bills are the same. If I chose to do home improvement projects, then I would probably notice, since material prices are still high as supply has not yet caught up with demand.

    Home insurance has gone up a lot since Florida is in middle of an insurance crises with companies leaving the State, but this has been a problem a long time.

    That can happen with investment properties as the value appreciates and taxes are assessed every year, but it should not happen with primary residence. If taxes went up 41%, it should mean the value of your property also went up that much.
     
    Last edited: May 10, 2022
    Pro_Line_FL, May 10, 2022
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  14. Collateral Damage

    Collateral Damage Well-Known Member

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    We are on a 5 year cycle. What the assessor claims as the value, isn't what the market would agree with.

    We call it 'fund raising'. And yes, it is our primary residence. Similar to the City's attempts to annex this area (out in the county) into the City, but at least they were honest when they said we would pay City taxes for about 3 years before we received any City services, it's another attempt at fundraising.. The annexation was voted down by a large margin.
     
    Collateral Damage, May 10, 2022
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