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Prices.... Going Up!!!

bough chevron ( CVX (NYSE) $148.47) 8-years ago...finally paid off.
seen plenty of folks charging their EV's at the wallyworld, today. couldn't find affordable grass/ lawn killer to save on lawnmower gas. will try n pick up the battery lawn mower this weekend from a friend. window ac (bought one for under a hundred years ago. seen a new one today for nearly two)over hvac, etc. cuts n alternatives to make it out of this.
 
I recall trying to buy a riding mower last summer. All they had at the big box stores were electrics at almost exactly twice the price of gas powered mowers the same size.

I guess they were copied on the memo, but were confused on the start date.
 
was looking on homedepot...2699 for cheapest electric-RYOBI48V Brushless 30 in. 50 Ah Battery Electric Rear Engine Riding Mower. 1999 for gas- Troy-Bilt30 in. 10.5 HP Briggs and Stratton Engine 6-Speed Manual Drive Gas Rear Engine Riding Mower.
that's the problem with ev- not affordable, yet. certainly, a preowned one would make up for the high cost of ev. but what's a replacement battery cost? certainly not cheap. I would replace it with an acid lawn mower battery. bada bing bada boom!


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was looking on homedepot...2699 for cheapest electric-RYOBI48V Brushless 30 in. 50 Ah Battery Electric Rear Engine Riding Mower. 1999 for gas- Troy-Bilt30 in. 10.5 HP Briggs and Stratton Engine 6-Speed Manual Drive Gas Rear Engine Riding Mower.
that's the problem with ev- not affordable, yet. certainly, a preowned one would make up for the high cost of ev. but what's a replacement battery cost? certainly not cheap. I would replace it with an acid lawn mower battery. bada bing bada boom!


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If you really want to go green by a goat ! Oh wait can’t do that ! they pruduce methane gas I’m bad!
 
I'm picking mines up from a friend's...bought it in 1995 and will save me a bundle in gas. I just spray the yard grass with grass killer. no goat needed. just alternatives to cut costs. gasoline affordability is not a game ender.
 
If you really want to go green by a goat ! Oh wait can’t do that ! they pruduce methane gas I’m bad!

Since you brought it up, this is exactly what "we" are doing at several campus grounds around University of Luxembourg ... except we're using sheep, not goats ... two small herds deployed on rotating basis to different "pastures" every couple of weeks. It's sorta incredible how well-kempt the ground look, you's swear they were machine-mowed but it's not the case.

I have seen this grounds maintenance tactic deployed as well in France, at several school campu grounds and even a few "corporate" grounds. I have not seen sheep deployed @ corporate grounds -- corporate parks, etc. -- in Luxembourg, but then I don't "get around" @ Luxembourg to the same extent I do France.

Maybe I'll acquire a lamb for my grounds? It's legal (ie, permited via zoning rules) in my ville. Acerage (um, hectre-age) allowing, we can keep on our property up to six horses / several sheep (I don't recall the N head) / chickens (quite a few but must be penned) / up to two bovine. Kinda what The Shtetl in Fiddler On The Roof looks like, I reckon.
 
bough chevron ( CVX (NYSE) $148.47) 8-years ago...finally paid off.
seen plenty of folks charging their EV's at the wallyworld, today. couldn't find affordable grass/ lawn killer to save on lawnmower gas. will try n pick up the battery lawn mower this weekend from a friend. window ac (bought one for under a hundred years ago. seen a new one today for nearly two)over hvac, etc. cuts n alternatives to make it out of this.

As of today (23 JUNE 2022), CHEVRON PPS is up 39.15% YoY. Pretty good. Not as good as OCCIDENTAL (80.14%), MARATHON (70.35%), CONOCO-PHILLIPS (53.16%), or SHELL (40.98%), but better than EXXON-MOBIL (36.73%) and BRITISH PETROLEUM (18.23%).

Good going. :beerchug:
 
Re: Prices not going up...

As of today (20 June 2022), the trading index for COPPER reached a 15-month low of USD 3.97 per lb. The price for copper, which was trading at USD 4.92 per lb as recently as 7 March 2022, has declined steadily for the last 14 weeks.

The signiifcance of this lower price, a trend that started in mid March '22 and has steadily declined tuntil today's value, is this: Copper is regarded as a leading indicator of the health of the global economy owing to the metal's widespread application, as a fundamental raw material, in products and services occurring across diverse industrial and commercial sectors, including (but not lmited to) home appliances, home entertainment, IT~computing & related, electronics in general, industrial power generation and transmission.

Sustained declining copper prices suggest sluggish demand and imminent economic slowdown.

A (paradoxical?) consequence is a contraction in the N of manufactured goods that could well result in TOO MUCH MONEY CHASING TOO FEW GOODS, and thus only further exacerbating the goods (and services) inflation in USA and EU, etc.

UPDATE:

Four days following the first report, the price (per lb) of COPPER continues to decline. As of market open 23 June 2022, COPPER is $3.88/lb, or a decline of 20% since it's one-year "high" ($4.92/lb) reached on 7 March 2022.
 
... in The Great White North (too) ...

Statistics Canada announced yesterday that Canada's Consumer Price Index has increased 7.7% YoY (i.e., May 2021 through May 2022).

Consumer Price Index, Canada: 1983 - May 2022
upload_2022-6-25_10-5-48.jpeg
Source: Statistics Canada / 24 June 2022
 
Gas here down to 4.53 the past few days from a high earlier in the month of 4.89.

Time to fill everything up again.

I missed filling the 73 Satellite up with $5.00+ non-eth last time due to a bad battery.
I bought an AGM this time and the posts are in a different arrangement, necessitating a longer ground cable.
I have one but need to swap it out.
On the project list for this weekend.....if I don't get rained out.
 
Today compared to yesterday, local gas (including diesel) prices 'at the pump' dropped on average another 4 to 11 cents per litre on average again. I also noticed the connected to higher gas prices then let's say two years ago, higher food prices were slightly coming down. Bread included.lets hope we got the worst behind us. But gas prices are dropping fast since two weeks now. Again over here in Vancouver BC atleast! Let's hope this trend continues!
 
thank you, some of us really appreciate it

i was renting a home for 12 years. initially 1yr lease, then 2yr, then 2yr then the landlord stopped sending them.
i told him if you keep the rent the same, i will keep renting and taking care of the inside/outside property, which i did.
during 2020, he had 3 rental homes. his 2 kids were entering college and he needed the $$, he was selling all 3 so he said buy it or move in 30 days so i can sell it to someone else
i just had happened to make a little money from precious metals, had enough for downpayment and closing costs and ended up buying the place. he gave me a killer deal to be done in 30 days, i got a stupid-cheap mtg rate and now who knows what this shack is worth
Nothing like being your own landlord congrats !
 
Housing prices here continue the climb you have to go further and further out for a deal. Bought my house back in 2009 and paid off last year. Zillow estimate is up like $20k again this month. Was surfing listings today cause I’d like to get a small cabin or something to take an occasional week break to for a change of pace.
 
The supply of houses is so short that I can't see higher mortgage rates making as big of price difference as some think.
At least in some markets. Still a lot of people out there with access to a lot of cash.

Locally, houses continue to sell for more than the asking price.
Median listing price in my neighborhood is up 60% over last year.
Number of listings is up 47% from last year, but still represent a decrease from pre-pandemic days of around 75%.
Average number of days on the market has dropped 45% from last year.
It's currently about 7 days.

So, shorter time on the market with higher prices, even though the supply has grown [slightly].
I might add that even in the days when the number of listings was much higher, it was still a strong sellers market.

Currently, 25% of local sales are cash deals.
 
Homes in my neighborhood last no more than 2 weeks on market. Seems they sell for close to or a few thousand above asking. They are great starter/retirement homes. 1500 ish sqft with a bit of a yard but not too much. The prices have increased almost 30k in the last 3 yrs. We live about 6 miles off I-10 and are on the north side of the "city",in the middle of a bunch of open space. So getting to the grocery, big box store or entertainment is not a major trip. Must be why they are easy to sell.
 
The supply of houses is so short that I can't see higher mortgage rates making as big of price difference as some think.
At least in some markets. Still a lot of people out there with access to a lot of cash.

Locally, houses continue to sell for more than the asking price.
Median listing price in my neighborhood is up 60% over last year.
Number of listings is up 47% from last year, but still represent a decrease from pre-pandemic days of around 75%.
Average number of days on the market has dropped 45% from last year.
It's currently about 7 days.

So, shorter time on the market with higher prices, even though the supply has grown [slightly].
I might add that even in the days when the number of listings was much higher, it was still a strong sellers market.

Currently, 25% of local sales are cash deals.
Rent and new property prices go down fast here. Rent price compared to last year a hundred fifty bucks or so less on average for a two bedroom - after a year vacancy most of the times - for a new moving in tenant. But propert and rent prices were and still are here completely 'detached' from reality! Higher priced rentals and properties went down a $1000,- in rent and a between 100 thousand and 300 thousand compared to last year.

Gas prices at the 'pump' down on average 4 cents compared to yesterday locally. And lots of fresch groceries down in price everywhere between 3% and 14 %. Let's hope prices continue to go fast down, back to a more sane realistic 'natural' level.
 
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Housing prices here continue the climb you have to go further and further out for a deal. Bought my house back in 2009 and paid off last year. Zillow estimate is up like $20k again this month. Was surfing listings today cause I’d like to get a small cabin or something to take an occasional week break to for a change of pace.
Asking prices, realtor monopoly media kartel inc; trying to convince you that property prices are NOT dropping like a stone in most places including NY. It will never become 'dead' cheap overthere or overhere, but drop a lot they do.
 
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