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U.S. annual inflation rate drops to 8.5%

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Re: U.S. annual inflation rate drops to 8.5%

#491

Post by cjrp »

deanmoriarty wrote: post #369
bamboozled wrote: post #344

Earlier quoted context omitted.

Your mortgage repayments won't go up too?

No? In the US a residential mortgage is almost always fixed rate, locked in for the entire term (i.e. 30 years). So it can basically never go up, just down if the opportunity arises and you can willingly refinance your loan as interest rates drop.

That's interesting, in the UK it's generally fixed for 2/3/5 years but then reverts to a pretty lousy rate (unless you remortgage to another fix). If you're lucky you fixed just before this all started, and won't have to remortgage for another few years when rates might be dropping again.

Re: U.S. annual inflation rate drops to 8.5%

#492

Post by _ea1k »

pojzon wrote: post #269
ericd wrote: post #216

Earlier quoted context omitted.

Oh, not this again. If you have a standard household outlet accessible where you park, you probably don’t need charging stations outside of road trips, because you’ll be getting 60+ miles of charge overnight. The load at a given time is like a third that of a central air conditioner. I think we can handle it.

Please talk to any energy technician working on national grid. We have troubles generating enough power to not force blackouts in EU and we talk about introducing hundreds of millions of EVs / to every household. Currently it all works only because they are a novelity.

> Currently it all works only because they are a novelity.

EVs are certainly not only a novelty in the EU right now.

Re: U.S. annual inflation rate drops to 8.5%

#493

Post by UncleMeat »

soupfordummies wrote: post #193

Some random things I've noticed in my personal experience during the last few weeks that are inflated at way above 8.5%: Gasoline (gallon) - 3.00 last summer, 3.75 today (25% increase) Towing a Car (~50mi Round Trip) - 125 last summer, 350 today. (180% increase!) Bag of Dorito's - 4.50 last summer, 6 today (33% increase) Can of Spray Paint - 4.25 last Summer, 6.50 today (54% increase)

That's how it works. Inflation is not a force that acts on all prices. It is a measurement of a weighted average change in prices. One thing can be up a lot while another thing is flat, or even cheaper.

Re: U.S. annual inflation rate drops to 8.5%

#494

Post by galdosdi »

nradov wrote: post #445
galdosdi wrote: post #395

Earlier quoted context omitted.

I don't see what the problem is. (1) HOME CHARGING. In sparser areas where people live in houses with garages, duplexes, and even to some degree rowhouses, it's easy to run an extension cord and get a full charge nightly. (2) STORE PARKING LOT CHARGING. In denser places where people live predominantly in apartment buildings and perhaps some rowhouses, there is enough density to have rapid chargers in store parking lo…

Your numbers are way off. The MSRP for the cheapest Nissan Leaf with 200+ mi of range is $36K (plus sales tax and registration fees, so total cost out the door is significantly higher). And that's if you can even find one; most dealers are out of stock, or are gouging customers with additional mark-ups. Federal EV tax credits can bring the net price down for some customers but that depends on their individual income…

The Bolt is about $26k. I looked it up last night while fantasizing about car purchases. I guess the Leaf is more expensive now, oops? Not sure why my point wouldn't still stand?

The new car shortages are real but I don't see how they speak to long term EV viability which is what was being discussed. ICE cars are just as affected, and it's bound to get better eventually.

EDIT: It appears you have lied. The price you quote is for the fancier model of Leaf, but the base model is available for $27,800 according to Nissan's own website. I got here by searching "nissan leaf" on google. Not sure why you didn't do this. https://www.nissanusa.com/vehicles/electric-cars/leaf.html

Re: U.S. annual inflation rate drops to 8.5%

#495

Post by hunterb123 »

thatfrenchguy wrote: post #478
nradov wrote: post #410

Earlier quoted context omitted.

Buying extra meat when it's on sale and storing it in a chest freezer is probably the best "investment" that most families can make. It usually has a higher ROI than buying stocks or whatever. Even during inflationary times, retailers occasionally end up with excess supplies of some cuts of meat or advertise loss leaders to boost store traffic so you can buy a lot if you have freezer space to store it. Just be carefu…

You can also, not buy meat, and avoid the electricity cost of running an additional freezer!

You can also, live in a tent, and avoid electricity all together!

But for those who like protein packed meals in a comfortable environment an additional deep freezer is a great investment.

You can deep freeze extra veggies/fruit if you have a beef with meat.

Re: U.S. annual inflation rate drops to 8.5%

#496

Post by gt565k »

bamboozled wrote: post #344
deanmoriarty wrote: post #111

No freaking way! My rent just went up 15% (and last year too, which forced me to move out and look for a cheaper apartment), all groceries are up 30% across the board compared to last year, I know because mobile apps show my previous receipts. These are the times I feel dumb for not being a homeowner (despite technically being able to afford it, just didn't want to get locked down in an area for 8+ years to make the…

Your mortgage repayments won't go up too?

Taxes are escrowed and bundled in with the monthly payment to the mortgage provider though.

My taxes went up quite a bit this year, which reflects in the monthly payment. Of course the mortgage part of it stays the same, but the overall monthly payment which includes the taxes and insurance goes up.

Re: U.S. annual inflation rate drops to 8.5%

#497

Post by MisterBastahrd »

ChrisLomont wrote: post #289
metatranca wrote: post #137

Earlier quoted context omitted.

Similar in Florida with FPL(the utility company) [0]. We are now paying more. These are the new rates [1]. [0] https://cleanenergy.org/blog/fpls-holiday-surprise-810-milli... [1] https://www.fpl.com/content/dam/fplgp/us/en/rates/pdf/res-ju...

That's an 18% increase year over year, not a 100% increase. I've yet to find anyone with bills doubled, despite so many people claiming it true. But I keep asking.... More data: https://www.gulfshorebusiness.com/expect-electricity-bills-i...

I know that, at least in the New Orleans area, Entergy effed up and undercharged people for a year, then decided it was a smart idea to reconcile their screwup by hitting people with a $600 bill last month for a home that usually uses about $300 in electricity.

Re: U.S. annual inflation rate drops to 8.5%

#498

Post by ericd »

krallja wrote: post #468
mmaurizi wrote: post #317

Earlier quoted context omitted.

What about where you park at work? Or when grocery shopping? There are more options for 240v "slow" chargers than you'd think.

How long does grocery shopping take you? I can do it in under 30 minutes, definitely under an hour. And in that half hour, my car charges… about three miles (@ 3.6kW)? That’s about how far the trip to the grocery store is. 50A 240V (10.8kW) only gets me up to 7.5 miles of charge in a grocery shopping trip.

Model Ys use something like 250-300 Wh per mile if you’re not at highway speeds, so I think your range estimates might be a bit pessimistic?

But yeah, I wouldn’t count on short grocery store stops to charge my car.

Re: U.S. annual inflation rate drops to 8.5%

#499

Post by metatranca »

jusonchan81 wrote: post #234
nobleach wrote: post #196

Earlier quoted context omitted.

I've heard from friends in the Gainesville area (GRU) that their bills have been in the 800 - 1100 range!!! Before I moved in 2010, I had a almost 500 bill and even that was just insane. When I look at the population of that area, I ask, "how many of your customers can actually afford rates like that? That's like a mortgage payment!"

At those prices won’t investing in solar make sense? Most likely it will yield a massive savings?

Just yesterday I was checking Project Sunroof [0] to get an idea about how much I can save(based on my location this app says I have 1,634 hours of usable sunlight per year) and I am seriously thinking about installing Solar Panels.

[0] https://sunroof.withgoogle.com/

Re: U.S. annual inflation rate drops to 8.5%

#500

Post by justinator »

mirker wrote: post #416
xvedejas wrote: post #372

Earlier quoted context omitted.

I'm riding my bike a lot more to get places, rather than just for recreation; and it seems this is true for many around me as well.

But when you think about it, what’s the benefit of driving? For reasonably short drives you don’t save much time with parking in cities and you don’t get any exercise.

Ssssssh don't let the car manufacturers hear you or you might disappear under mysterious circumstances.
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