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Prices.... Going Up!!!

something else - rental cars.

This summer we are returning to cape may NJ. there is a campground in north cape may near the courthouse that we bring our class C to. last trip was summer 2019. we drove out, and rented a car there from the enterprise. my points tally shows I have 218 points meaning that is what I paid before taxes and fees (1 point per rental dollar). it came to about 250ish total for the week, and the wife gets a deal thru her work so we got a free 2 class upgrade which enterprise bumped it up even further to a dodge charger (not the rip snortin one).

so we are gong back this year, lots of blue restrictions in place so it will be DIFFERENT, but we want to get my 13 year old out there as he missed the last trip. I booked at the same rental place, EARLIER than last trip. my base rental is $550 for the same week with no discounts or upgrades available - no perks at all.

I asked some buds in the industry why a) there is only 1 location in S NJ now (well 2, but same company and b) why so pricey.

it seems last year when nobody was doing nutting or going nowhere, car companies use complex formulas on the rental performance of every car once it dips or hits a certain number of miles, off to auction it goes. the used car market is HOT so...rental companies have almost no stock. hertz, avis and budget all pulled out of southern nj except the airport in atlantic city, which is almost a 100 mile round trip of futility - no cars there EITHER

the bigger luxo cars are still in stock as the rich were still moving around last summer , but not us peons. so eco, compact, sub compact, small, midsize (these terms are about as loosely defined as I ever saw) are in short supply and high demand, hence they are renting for what they can get.

net its just over 300 extra this trip, plus the daily gas increases - it was $2.10 a gallon in 2019, its over $3.20 for same now, but july 10???, same stations and climbing 2-3 cents a day.

Moreys piers, where we love the lazy river in the waterpark is saying 50% occupancy, they have gates at the boardwalk (watch the tram car please) and you must wear a mask. Will someone tell me what doof thot up the idea to wear a mask in a water park...where it gets wet....you cannot breathe...you die. and why the restrictions in the first place when everyone is in a damn bleach solution?????

So we also looked at cancelling the campground res, and getting a wildwood hotel. since I am a low rent PA boy, I am no stranger to wildwood and have history in many properties, for the same 8 days they start at $1700, up to $2800, 2 double beds for the 3 of us, no kitchen. meaning all meals are out. in the camper, we head down to 'hooked up' or the 'lobster house' and get some fresh sea critter at which point I make my shrimp and scallop aglio olio with totally fresh garlic and a homemade lemon infused oilive oil nomm nommm nommmmm. but anyways, costs skyrocket compared to the $600 campground and the ability to pick and choose dinners out (for those familiar, I miss the lobster shack off the boardwalk, but we always hit curly fries, bubbas and of course uncle bills) so so far, this vacation is already over $500 more on paper without food choices. the campground is locked in, the car is locked in, I serviced the camper yesterday, gas is a problem, the powers that be say nearly every day that they feel $4-5 a gallon by summer would be ideal (for whom?) so we are buying every morsel at giant eagle to get gas points but thats only 30 gallons (paid 10 cents a gallon last cash in)...the ole girl drinks 50 gallons at a time thru an 8mpg straw (saw 9 once tho) - she aint got the legs for cook forest to cape may on one tank each way...

sidebar: could be time to ditch the class C for one of the 17-20ft <5KGVW boutique campers everyone makes to be towed the new pickup: midsize cuvs with about 3.5 v6 litres and 5000lb tow rating, BUT, try and find one right now....heck I could sell my 28 year old camper TODAY for about twice what I would have in 2019. But I could not replace it, and camper making companies report a 12-18 month backlog!

what else can they possibly break?

Look again closer to your trip "ON A DIFFERENT" phone or computer as just some average person. through cookies they know you looked they know what they priced "you" doing the same thing probably wont get you a better price.

YES this is a real thing with rentals flights ect.
 
something else - rental cars.

This summer we are returning to cape may NJ. there is a campground in north cape may near the courthouse that we bring our class C to. last trip was summer 2019. we drove out, and rented a car there from the enterprise. my points tally shows I have 218 points meaning that is what I paid before taxes and fees (1 point per rental dollar). it came to about 250ish total for the week, and the wife gets a deal thru her work so we got a free 2 class upgrade which enterprise bumped it up even further to a dodge charger (not the rip snortin one).

so we are gong back this year, lots of blue restrictions in place so it will be DIFFERENT, but we want to get my 13 year old out there as he missed the last trip. I booked at the same rental place, EARLIER than last trip. my base rental is $550 for the same week with no discounts or upgrades available - no perks at all.

I asked some buds in the industry why a) there is only 1 location in S NJ now (well 2, but same company and b) why so pricey.

it seems last year when nobody was doing nutting or going nowhere, car companies use complex formulas on the rental performance of every car once it dips or hits a certain number of miles, off to auction it goes. the used car market is HOT so...rental companies have almost no stock. hertz, avis and budget all pulled out of southern nj except the airport in atlantic city, which is almost a 100 mile round trip of futility - no cars there EITHER

the bigger luxo cars are still in stock as the rich were still moving around last summer , but not us peons. so eco, compact, sub compact, small, midsize (these terms are about as loosely defined as I ever saw) are in short supply and high demand, hence they are renting for what they can get.

net its just over 300 extra this trip, plus the daily gas increases - it was $2.10 a gallon in 2019, its over $3.20 for same now, but july 10???, same stations and climbing 2-3 cents a day.

Moreys piers, where we love the lazy river in the waterpark is saying 50% occupancy, they have gates at the boardwalk (watch the tram car please) and you must wear a mask. Will someone tell me what doof thot up the idea to wear a mask in a water park...where it gets wet....you cannot breathe...you die. and why the restrictions in the first place when everyone is in a damn bleach solution?????

So we also looked at cancelling the campground res, and getting a wildwood hotel. since I am a low rent PA boy, I am no stranger to wildwood and have history in many properties, for the same 8 days they start at $1700, up to $2800, 2 double beds for the 3 of us, no kitchen. meaning all meals are out. in the camper, we head down to 'hooked up' or the 'lobster house' and get some fresh sea critter at which point I make my shrimp and scallop aglio olio with totally fresh garlic and a homemade lemon infused oilive oil nomm nommm nommmmm. but anyways, costs skyrocket compared to the $600 campground and the ability to pick and choose dinners out (for those familiar, I miss the lobster shack off the boardwalk, but we always hit curly fries, bubbas and of course uncle bills) so so far, this vacation is already over $500 more on paper without food choices. the campground is locked in, the car is locked in, I serviced the camper yesterday, gas is a problem, the powers that be say nearly every day that they feel $4-5 a gallon by summer would be ideal (for whom?) so we are buying every morsel at giant eagle to get gas points but thats only 30 gallons (paid 10 cents a gallon last cash in)...the ole girl drinks 50 gallons at a time thru an 8mpg straw (saw 9 once tho) - she aint got the legs for cook forest to cape may on one tank each way...

sidebar: could be time to ditch the class C for one of the 17-20ft <5KGVW boutique campers everyone makes to be towed the new pickup: midsize cuvs with about 3.5 v6 litres and 5000lb tow rating, BUT, try and find one right now....heck I could sell my 28 year old camper TODAY for about twice what I would have in 2019. But I could not replace it, and camper making companies report a 12-18 month backlog!

what else can they possibly break?
What else... everything and anything we let them...
 
Tell that to my friend in Queens NYC, he has one tenant in a 2 family rental property,
that hasn't paid rent in 23 months. Can't get her out !
Location, location, location....[/QUOTE]


Eviction, eviction, eviction.

Kinda sucks there may be a moratorium in place at present.

...and then follow through with taking them to court.

23 months is a LOT of money, no matter what the market.

Look in the state statutes for rental property. Some states (FL included) state that a "holdover" tenant owes double the rent.

Hopefully your friend followed the certified letter notice requirements including the "3 day" "pay up or get out".
 
Location, location, location....


Eviction, eviction, eviction.

Kinda sucks there may be a moratorium in place at present.

...and then follow through with taking them to court.

23 months is a LOT of money, no matter what the market.

Look in the state statutes for rental property. Some states (FL included) state that a "holdover" tenant owes double the rent.

Hopefully your friend followed the certified letter notice requirements including the "3 day" "pay up or get out".[/QUOTE]
Some how the part about the friend in NY became part of my post, just the location, location, location. I have no friend in NY. Your point is well taken though. NY is going into receivership... might not be the right term... and is going to be purchased for pennies on the dollar by ones upstream of the problem, many if not most being American in name only. Moratoriums have simple and quick political fixes once money interests decide and debt will be traded for land and assets to entities holding the loan. It's not being 'mismanaged' for nothing...
 
Once there are children involved especially in NYC everything is different. He's been trying to get them out for 3 yrs!!!!!
Guess who's buying up properties and Mortgage backed securities?
the WHO is a Private for profit business. also owns several Vax Patents.
Guess who owns the most Farm land in the US? Bill Gates
 
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6" sub, bag of chips and lg drink at subway.

$10.56

Guy just walked out with a footlong chips and regular drink. $14+
 
that $15 is starting to bite, there is NOBODY at lowes or home depot. a couple cashiers yes, stockers yes, but you better own your own constr co and know what you are about to get anything...
 
Inflation of "all things automotive" still ticking upwards through May 2021.

1. "ATP" for New Vehicles, 2014 through (May) 2021

upload_2021-5-28_12-30-1.png
(J.D. Power & Associates)

Note: The average transaction price (ATP) of new vehicle sold to retail customers in May reached a record $38,255, according to J.D. Power Associate estimates. (ATP = price of new vehicles sold to retail customers and of the mix of new vehicles sold and illustrates the -- ahem -- shift to the purchase of more (than cars) expensive trucks and SUVs that we have been seeing in recent months.

2. Wholesale (auction) average cost of Used Vehicles, 2000 through May 15 2021

upload_2021-5-28_12-36-46.png
(Source: Manheim Vehicle Auction Services)

Note 1: Prices of used vehicles that were sold at auctions around the U.S. through the first half of May 2021 spiked by 45% from May 2019, according to the Used Vehicle Value Index by Manheim, the largest auto auction operator in the US. All vehicle segments experienced large price increases at auction, and prices of pickup trucks exploded.

Note 2: Spiking wholesale prices of used vehicles have the effect to raising trade-in values, and people that might have been upside down in their vehicles – owing more than trade-in value – might now find themselves less upside down, or even having positive equity in their trade-ins, which makes it a lot easier for the dealer to put a highly profitable deal together.

All told, the inventory of NEW and USED vehicles of all types are -- maybe historically -- tight as of May 2021.

Given the current state of seller inventory and the high level of demand, it is unlikely that (1) tight inventory or (2) price inflation will abate anytime soon.
 
When I left my last job in 2017, I took about a 20% pay cut (albeit for a greatly reduced stress level).

At that time I took stock and decided that I was pretty much done acquiring things and was pleased to have plenty of material possessions to work with including real estate and a fairly new vehicle.

That appears to be a much better position to be in than I had originally thought.
 
When I left my last job in 2017, I took about a 20% pay cut (albeit for a greatly reduced stress level).

At that time I took stock and decided that I was pretty much done acquiring things and was pleased to have plenty of material possessions to work with including real estate and a fairly new vehicle.

That appears to be a much better position to be in than I had originally thought.

QFT.
 

This has been a sensible, well-behaved -- and unpoliticalized -- thread for well over 300 posts. Just folks pointing out areas of concern in their present and forseeable financial circumstances, offering here and there an opinion as to the causes, etc., but again, respectfully and sans invective. Sure, occasional expression of anxiety and/or concern, but we're keeping it civil.

As "Mr Grace" (of Brit comedy Are You Being Served?) would have said, "We're all doing very well."
 
More evidence, released today bu the University of Michigan @ Ann Arbor in conjuction with the U.S. Bureau of Economic Analysis, that you're not imagining higher prices (almost) across the spectrum of consumer goods in The States:

upload_2021-5-28_18-50-19.png

The only thing that could mitigate what's happening in 2021 would be to take the data points on this chart back farther and include 1979 and 1973. But it doesn't, and so compared to all data points back to 1982, the inflationary pressures we're experiencing in 2021 are very real, measurable, significant and no laughing matter.
 
This has been a sensible, well-behaved -- and unpoliticalized -- thread for well over 300 posts. Just folks pointing out areas of concern in their present and forseeable financial circumstances, offering here and there an opinion as to the causes, etc., but again, respectfully and sans invective. Sure, occasional expression of anxiety and/or concern, but we're keeping it civil.

As "Mr Grace" (of Brit comedy Are You Being Served?) would have said, "We're all doing very well."
Yes... now if we just get some clothes on that emperor.
 
the uptick in home and car prices and sales is not from left field when you consider the interest rate is effectively zero....

we dumped unearned cash in (mostly) people unaffected by the plague and kept the discount rate at a tiny fraction. when earnings outstrip the cost of borrowed money....well.....
 
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