Prices.... Going Up!!!
- Thread starter musichal
- Start date
I wonder how much last weeks fire at the Marathon refinery north of New Orleans raised the price ....
apnews.com
Louisiana refinery fire mostly contained but residents worry about air quality
Crews in Louisiana were still working to suppress flare-ups as an oil refinery fire burned for a second day along the banks of the Mississippi River.
apnews.com
loopstick
Lunatic Member
You'll know when people start to care. They've been conditioned to accept all kinds of suckiness.
loopstick
Lunatic Member
So he's cutting off Greta's nose to spite Elon's face.Neighbor just bought himself a big tired, high suspension, V8 "monster" truck. He has a law degree, will never take it off road and use those tires/suspension and doubt it will see any serious pick-em-up duty. Previously he had a Tesla for a while. Wondering what he's stating.
spicer
Lunatic Member
A guy like that, big truck, no grit, sounds like a personal problem. No matter how kool I am nobody likes me... maybe it's a pencil thing, still personal. To be complete it should be a diesel.
loopstick
Lunatic Member
I had a '70 Chevy half ton when I was a kid. IIRC six cylinder 250 cubic inch displacement. They weren't cool at all. It was like I was Eb on Green Acres. But I picked it up (no pun intended) for cheap and put up cards in grocery stores and got jobs hauling furniture and manure. I also made a lot of money in real estate because there was a building boom in the suburbs and I got paid $5 for every "For Sale" sign I put up.
Thankfully I live in an area not all that prone to natural disasters like Florida's storms, so my property insurance rates have not gone up anything like what your describing. I do feel sad for you Floridians insurance wise because it seems all too frequent that the news is reporting yet another insurance company pulling out of FL. As the market looses more & more choices the, remaining choices will become pricier & pricier.
YY1
Addicted Member
I went through all the things I could to reduce the cost last year.
There's basically nothing left.
I can sign an "I won't sue" agreement and save $350, but that limits me to what they want to pay regardless of actual cost to replace.
If it saved a grand, I might do it.
I can raise the deductible from $8,000 to $15,000 and save $200. Not sure that's worth it.
I can drop the carrier and sign up for Citizens, the FL Gov subsidized "insurer of last resort" and save about $1000, but there's a 30 day waiting list and a scheduled at 30 day out mandatory inspection that has to come back squeaky clean (not that I'm concerned about that but you never know).
I can install a $18,000 new roof but will only save about $350.
The agent said it's about $350 extra for every year old your roof is if it's over 9 years. Ours is going to be 9 next year.
I need to do the math on when the break-even value point is on that, although I'm sure it's not year 10 or 11.
For the record, I've been insured with the same agency although different carriers for 19 years and I've never filed a claim, and we have three residential properties insured through them.
There's basically nothing left.
I can sign an "I won't sue" agreement and save $350, but that limits me to what they want to pay regardless of actual cost to replace.
If it saved a grand, I might do it.
I can raise the deductible from $8,000 to $15,000 and save $200. Not sure that's worth it.
I can drop the carrier and sign up for Citizens, the FL Gov subsidized "insurer of last resort" and save about $1000, but there's a 30 day waiting list and a scheduled at 30 day out mandatory inspection that has to come back squeaky clean (not that I'm concerned about that but you never know).
I can install a $18,000 new roof but will only save about $350.
The agent said it's about $350 extra for every year old your roof is if it's over 9 years. Ours is going to be 9 next year.
I need to do the math on when the break-even value point is on that, although I'm sure it's not year 10 or 11.
For the record, I've been insured with the same agency although different carriers for 19 years and I've never filed a claim, and we have three residential properties insured through them.
Not a good time to live in FL or CA, both have insurers either trippling their rates or leaving all together. Florida has too many tropical storms, and CA has too many fires, earthquakes, mudslides, and windstorms (Santa Anna winds driving the fires). Tornado Alley is moving eastward, so folks in the Mississipi rever valley are going to get it next:
www.scientificamerican.com
Watch Out: Tornado Alley Is Migrating Eastward
Tornado outbreaks are moving from Texas and Oklahoma toward Tennessee and Kentucky, where people may not be prepared
www.scientificamerican.com
YY1
Addicted Member
Insurance on a 2000 sq ft home in FL for the past 5 years-
1300
1800
2400
3200
4500 due next month
That's a policy with a high deductible, no additions, and a less than 8 year old roof, never had a claim, and have multiple properties with same agent.
I can save a whopping $350 if I agree not to sue them if they under pay for a claim.
EDIT- we are also quite a way inland. The strongest we've ever had are cat 5 on the coast and down to cat 3 when they make it to us, and that's worst case scenario/shortest path to us.
1300
1800
2400
3200
4500 due next month
That's a policy with a high deductible, no additions, and a less than 8 year old roof, never had a claim, and have multiple properties with same agent.
I can save a whopping $350 if I agree not to sue them if they under pay for a claim.
EDIT- we are also quite a way inland. The strongest we've ever had are cat 5 on the coast and down to cat 3 when they make it to us, and that's worst case scenario/shortest path to us.
Last edited:
Homeowners insurance (USAA) for my 2600 sq ft home in ABQ costs $110 a month - $1320 per year...I thought that was high... guess I'll stop bitching about it. No real threat of flood or fire, hail storm once a decade, price is mostly driven by threat of robbery. I live in one of the "premiere" northwest neighborhoods where a Police Officer lives on almost every street, so crime is exceptionally rare (the south east side of town is the exact opposite-nothing but crime all the time)
Mystic
We're all born mad
Not prices per se, but U.S. CORPORATE PROFITS (STILL) GOING UP !
According to the report released yesterday (28 September 2023) by the U.S. Bureau of Economic Analysis:
“Corporate profits -- i.e., all businesses that file corporate tax returns, including LLCs and S corporations, before taxes, and excluding the Federal Reserve but with “CCAdj” and with “IVA” rose 1.3% from the prior quarter and 6.2% Year-over-Year, to a seasonally adjusted annual rate of $3.33 trillion in Q2/2023, the highest ever, driven by record profits in nonfinancial industries."
How this looks...
CORPORATE PROFITS w/ot FEDERAL RESERVE BANKS ($Billion) w/ IVA & CCAdj (2001-Q2/2023)
Source: U.S. Bureau of Economic Analysis
A good argument on behalf of analysts who have predicted there is NO RECESSION for the foreseeable future in the United States.
Profits among Nonfinancial Domestic Industries
Nonfinancial domwstic industries include Utilities, Manufacturing, WholesaleTrade, Retail Trade, Transportation and Warehousing, Information, and Other Nonfinancial (e.g., mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; agriculture, forestry, fishing, and hunting.)
Total profits in nonfinancial domestic industries rose by 1.8% for the quarter, and by 3.2% year-over-year, to a record seasonally adjusted annual rate of $2.46 trillion.
This does NOT include foreign profits by U.S.-held coroporate entities.
Thus, corporate profits in these sectors have doubled from 2019 to Q2/2023.
This -- all of this -- is astounding.
According to the report released yesterday (28 September 2023) by the U.S. Bureau of Economic Analysis:
“Corporate profits -- i.e., all businesses that file corporate tax returns, including LLCs and S corporations, before taxes, and excluding the Federal Reserve but with “CCAdj” and with “IVA” rose 1.3% from the prior quarter and 6.2% Year-over-Year, to a seasonally adjusted annual rate of $3.33 trillion in Q2/2023, the highest ever, driven by record profits in nonfinancial industries."
How this looks...
CORPORATE PROFITS w/ot FEDERAL RESERVE BANKS ($Billion) w/ IVA & CCAdj (2001-Q2/2023)
Source: U.S. Bureau of Economic Analysis
A good argument on behalf of analysts who have predicted there is NO RECESSION for the foreseeable future in the United States.
Profits among Nonfinancial Domestic Industries
Nonfinancial domwstic industries include Utilities, Manufacturing, WholesaleTrade, Retail Trade, Transportation and Warehousing, Information, and Other Nonfinancial (e.g., mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; agriculture, forestry, fishing, and hunting.)
Total profits in nonfinancial domestic industries rose by 1.8% for the quarter, and by 3.2% year-over-year, to a record seasonally adjusted annual rate of $2.46 trillion.
This does NOT include foreign profits by U.S.-held coroporate entities.
Thus, corporate profits in these sectors have doubled from 2019 to Q2/2023.
This -- all of this -- is astounding.
grillebilly
Empty Head
A Nobel prize winning economist tweeted recently if you take food, energy, housing and vehicles out of the equation, inflation isn’t that bad.
So if we don’t eat or drive, and live in a tent on the street, we should be ok.
My homeowners insurance has gone through the roof as well but not as bad as some of you guys. I assume that’s wrapped in the cost of housing. It used to be part of my mortgage payment before I paid it off.
So if we don’t eat or drive, and live in a tent on the street, we should be ok.
My homeowners insurance has gone through the roof as well but not as bad as some of you guys. I assume that’s wrapped in the cost of housing. It used to be part of my mortgage payment before I paid it off.
baeron
Lunatic Member
Drive old crap, stay In your first house that's paid for. Shop at Aldi's
Burn wood pellets for heat
F them all
Mystic
We're all born mad
Still the annual assessments (ever-rising) & the concomitant Property Tax(es). My father's long-ago "paid for" house cost (in 2022) ~ $30,000 annually @ property taxes.
