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Example below…
https://old.reddit.com/r/blender/comments/121lhfq/i_lost_everything_that_made_me_love_my_job/
With ChatGPT, Ex-0.67 SWE is good enough… can produce as good result as a 1 SWE.
People said ATMs would mean banks won’t need tellers and will have far fewer employees. How’d that one turn out? Companies have massive lists of projects that they don’t have staffing to tackle. The first thing they’ll do is start tackling that list to find ways to grow revenue.
It’s down to 4.11% according to this:
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Truflation is at 4.3% today. Used to be 3.9%. Why is it going up again?
I clicked through all the categories in Truflation. It seems the categories “Food & Beverages” and “Utilities” are driving inflation higher these last 2 weeks.
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I am raising my rents 8%. Doing my part to increase inflation. Of course utilities are up 40%… makes my rent increases seem tame.
Oil prices are back up. Gold closing over $2000 an ounce signals more inflation. And the dollar has been weak.
2 more rate hikes.
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Is he referring to commercial or residential? If residential, apartment or SFH? So far, I renew at higher rent.
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CPI uses residential.
“The BLS reports index weights for dozens of categories, subcategories and specific items in the CPI’s basket of goods and services. The biggest category by far is shelter, which accounts for nearly a third of the index. The single weightiest item, at about 22.3%, is “owner’s equivalent rent of primary residence” – essentially how much homeowners would have to pay if they were renting their homes.”
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Owner’s equivalent rent is dropping because of declining house prices. Rents for actual rental SFHs are still climbing.
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It ignores home price. They use what the home would rent for as the measure.
Inflation measures growth rate. If you raised rent by 10% a year ago but now only raise it by 5% then inflation would be lower.
If you decrease your rent that would have been deflation.
I see you want to show off that you know a lot again. I didn’t do an average of the rent increase (in %). Some renewed at higher increase (in %), some renewed at lower increase (in %), depending on neighborhoods, than last year increase (in %).
My family member living in South Miami got their rent increased from $1150 to $1900!
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I increased by 5% on average. Didn’t want to be greedy and traded off with already having good tenants in place.
BofA forecasts inflation falling off a cliff.
There are two other big factors that’ll unwind inflation fast:
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45M people will have to resume student loan payments which average $400/mo. That’s $18B/mo sucked out of people’s pockets every month.
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People have spent down their savings they accumulated during covid. They can’t keep spending more than their income forever.
Of course, the rent data is 1/3 of the inflation number and has a ton of lag, so expect the fed to be completely asleep at the wheel on it.