The Price of Things

[Huntn]

…Consumer type things.

Ok, we all know about gas. Picked up a Wendy’s Single meal today and it cost $9! I remember when a fast food meal was $5, hell I remember when a hamburger was $.35. ?

 

[dukebound85]

Some examples that come to mind, all within largely the last 10 years it seems:

1. a 12pack of soda is now 6.99 at my local grocers. I remember being able to get these for $3 for the big brands
2. I also remember when a burger at say Red Robin was ~7/8 bucks for the meal. Now it is 15
3. Car washes used to be advertised at 5 for a basic wash. Now seems to be 9/10
4. I remember a 20oz soda was 0.75 in hs back in 2001 time frame
5. I remember balking at home prices at 200k in my area only just 7 years ago. Now things are 500k to start
6. Tuition at my state college was 2000/semester. Now it is 8/9k PER semester plus special program fees and other additional expenses that simply did not exist when I was there. Parking passes for a semester were 80 when i was in college. Now they are 500 or so.
7. Tipping: 10-15% used to be the norm. Now it seems that its 25% even for pick up. I find this odd

 

[HazardousT]

Everything has gone through the roof and it's likely to get worse. Don't think we'll ever see the prices we did before.

Just the price of oil alone is driving up the cost of everything else, although that's not the only reason.

 

[44267547]

…Consumer type things.

Ok, we all know about gas. Picked up a Wendy’s Single meal today and it cost $9! I remember when a fast food meal was $5, hell I remember when a hamburger was $.35. 🤔

Wendy’s is clutch! Good stuff.

Anyways, it seems everything right now is having some type of inflation attached, and the problem is, inflation doesn’t seem to reduce once we see the influx. I just read an article about the bird flu, and how it it will now start affecting the price of eggs moving forward. I saw another article where the CEO of Tyson Foods mentioned that the price of their poultry/beef products are rising by over 17%, which stems from/with lack of semi drivers, higher fuel costs to transport the product, farmers are being taxed higher, therefore it costs more to buy from them with their products, the cost of grain to feed the animals, this is a host of areas for Tyson that affects their costs, therefore it’s passed down to the consumer.

The cost of vehicles has risen anywhere from 10 to 20%, especially in the used market.

This is the new norm. And consumers are going to have to be more particular about how they manage their funds, especially for larger families that have 3 to 5 children, where those people will directly be affected significantly more, especially in the retail/grocery area.

 

[eyoungren]

…Consumer type things.

Ok, we all know about gas. Picked up a Wendy’s Single meal today and it cost $9! I remember when a fast food meal was $5, hell I remember when a hamburger was $.35. ?

When I was in high school, my mother was giving me an allowance of $5/day for whatever I needed it for (I had my driver's license at the time). She was a teacher and bound to the campus so didn't want to have to worry about me eating or needing gas or whatever.

If I saved it up, on Fridays a friend and I would go to Long John Silvers after school and we had change left over. Some weeks, I was able to buy a book I wanted at a comic book/game store and then go eat at LJS.

McDonalds wanted around $3 or so for two hamburgers, a large drink and a large fry. The price is more than double that now.

When I was 17 (1987), I helped my grandmother move in to her mobile home. My reward? $5 to spend on a 'good' meal at KFC. Even back then, all that would have bought me was a chicken leg and a small cole slaw. Hardly my idea of a 'good' meal at KFC.

I can remember when gas was 99¢ a gallon. I can remember when the gas pipeline in California broke in 2003 and gas in Phoenix skyrocketed to a little over $4 a gallon. Now…I paid $4.67 this morning.

I think companies at some point also figured out that people will pay for stuff that used to cost nothing or very little. I cannot cite an example at the moment but my wife and I have often discussed this.

OTOH, some things changed for the better. When I was a kid in the 1970s, I was told (and it was strictly enforced) that I could only have one drink for the entire dinner when we went out to eat. That's because refills were the same price. That ended in the early 80s and if restaurants ever tried that again there'd be riots.

 

[MBAir2010]

a Western digital ssd 500 blue was $50 in January
now they are $75?
OWC raised all their prices for last years products.
sumtin' is up and may guess we need to pay for all the free stuff handed out all last year.

 

[glenthompson]

Youngsters! My first job in height school was at the minimum wage of $1.25. By the time I graduated it had gone to a whopping $1.60. I was buying a fast food hamburger for $0.19. Gas was 0.25-0.30 per gallon. Tuition and room & board at a state university was $540 per year.

 

[HDFan]

I remember

when the price of a haircut doubled from 25 cents to 50 cents. Now it is $25-$30.

when gas was $.25 a gallon. Now it is $6.29, down from $6.39 last week.

When you could buy a house for $16K. Average now is over a million.

When ski lift tickets were $50. Now they are $120 or more per day.

 

[eyoungren]

Youngsters! My first job in height school was at the minimum wage of $1.25. By the time I graduated it had gone to a whopping $1.60. I was buying a fast food hamburger for $0.19. Gas was 0.25-0.30 per gallon. Tuition and room & board at a state university was $540 per year.

I can recall when minimum was was $3.25. That's as far back as I can go.

 

[Apple fanboy]

I remember

when the price of a haircut doubled from 25 cents to 50 cents. Now it is $25-$30.

when gas was $.25 a gallon. Now it is $6.29, down from $6.39 last week.

When you could buy a house for $16K. Average now is over a million.

When ski lift tickets were $50. Now they are $120 or more per day.

Where are houses averaging over a million? Do you live in Monaco?

 

[senseless]

The Federal Reserve has kept rates too low for too long, guessing wrongly that the supply chain would correct by now. They are finally raising rates now, but a recession is likely as a result. Once an inflation mindset starts, it's very difficult to stop.

 

[Huntn]

Some examples that come to mind, all within largely the last 10 years it seems:

1. a 12pack of soda is now 6.99 at my local grocers. I remember being able to get these for $3 for the big brands
2. I also remember when a burger at say Red Robin was ~7/8 bucks for the meal. Now it is 15
3. Car washes used to be advertised at 5 for a basic wash. Now seems to be 9/10
4. I remember a 20oz soda was 0.75 in hs back in 2001 time frame
5. I remember balking at home prices at 200k in my area only just 7 years ago. Now things are 500k to start
6. Tuition at my state college was 2000/semester. Now it is 8/9k PER semester plus special program fees and other additional expenses that simply did not exist when I was there. Parking passes for a semester were 80 when i was in college. Now they are 500 or so.
7. Tipping: 10-15% used to be the norm. Now it seems that its 25% even for pick up. I find this odd

Ref #7. I don’t tip anyone for a food item handed to me over a counter or I travel to pick up. Does a bank teller get tipped for handing you your cash? ?

Youngsters! My first job in height school was at the minimum wage of $1.25. By the time I graduated it had gone to a whopping $1.60. I was buying a fast food hamburger for $0.19. Gas was 0.25-0.30 per gallon. Tuition and room & board at a state university was $540 per year.

I can actually remember $.30 gas, 1970ish?

 

[WeatherWeasel]

When I was a kid, my dad came home from filling his car at the Standard station down the block. He was mad that the price of gas had gone up to 34 cents a gallon.

 

[eyoungren]

Where are houses averaging over a million? Do you live in Monaco?

They also mentioned $6.29 for gas.

My guess would be California, specifically the Bay Area.

 

[Expos of 1969]

Where are houses averaging over a million? Do you live in Monaco?

You don't leave your village much do you? Many cities have averages above a million. Toronto, Vancouver, even sleepy Ottawa is heading in that direction. In Monaco the average cost is 52,000 Euros /sq. m.

 

[eyoungren]

Ref #7. I don’t tip anyone for a food item handed to me over a counter or I travel to pick up. Does a bank teller get tipped for handing you your cash? ?

I wouldn't be surprised if that's pushed at some point.

I don't tip the barista either. Those tip jars were not there in the 1990s and the early 00s. Didn't seem to be a problem then. They only showed up within the last ten years or so.

I will do what is traditionally tipped, but I do not participate in this new stuff where there were never tips before.

 

[Nismo73]

And it's not just the price, it's about the size of the box or bag or how many per roll...remember the size of a bag of Doritos compared to it now. Shrinkage.

 

[Apple fanboy]

You don't leave your village much do you? Many cities have averages above a million. Toronto, Vancouver, even sleepy Ottawa is heading in that direction. In Monaco the average cost is 52,000 Euros /sq. m.

House prices are high. My next door neighbours have gone on the market for £650,000. But I’d look at an average across a country rather than a city. Gives a better average. London is not representative of the U.K. for example.

 

[Expos of 1969]

House prices are high. My next door neighbours have gone on the market for £650,000. But I’d look at an average across a country rather than a city. Gives a better average. London is not representative of the U.K. for example.

Prices over the past 2+ years have gone crazy in many countries. Australia, Canada to name but two. In cities and in some more rural areas as work from home made these places more attractive. Some of these recent buyers will look foolish and suffer when work from home is no longer so prevalent.

 

[Apple fanboy]

Prices over the past 2+ years have gone crazy in many countries. Australia, Canada to name but two. In cities and in some more rural areas as work from home made these places more attractive. Some of these recent buyers will look foolish and suffer when work from home is no longer so prevalent.

Pretty sure hybrid working is here to stay for most. We’re certainly not going back to making people come in 5 days a week.

 

[Pezimak]

Pretty sure hybrid working is here to stay for most. We’re certainly not going back to making people come in 5 days a week.

Yeap neither is my company going back to full time office work, and it’s a huge global corporation. They were really good actually and planned it it really well. If you can you can do hybrid working. Some work from home permanently.
Cost of living in the U.K. is at its highest since records began, and it’s not slowing down.

 

[eyoungren]

Pretty sure hybrid working is here to stay for most. We’re certainly not going back to making people come in 5 days a week.

My company went strictly to MBPs well before I was hired. Part of the idea of that was to allow designers to work from home when they were ill. Or to get something out if necessary from home (or wherever).

When the pandemic hit, we were furloughed. When they brought us back it was strictly work from home with the laptops we already had. I was never asked to return to the office, but they did offer me a position with higher pay that required me to be there. Ultimately, I decided that I didn't want to do that. In speaking to my boss about it, I told him I wanted to remain work from home permanently. There was already one other designer who had decided that.

Ultimately they allowed me to do that. We've since added an actual VPN so its made things much easier.

But yeah, WFH is permanent for me with this company.

 

[Apple fanboy]

My company went strictly to MBPs well before I was hired. Part of the idea of that was to allow designers to work from home when they were ill. Or to get something out if necessary from home (or wherever).

When the pandemic hit, we were furloughed. When they brought us back it was strictly work from home with the laptops we already had. I was never asked to return to the office, but they did offer me a position with higher pay that required me to be there. Ultimately, I decided that I didn't want to do that. In speaking to my boss about it, I told him I wanted to remain work from home permanently. There was already one other designer who had decided that.

Ultimately they allowed me to do that. We've since added an actual VPN so its made things much easier.

But yeah, WFH is permanent for me with this company.

We also were working from home before the pandemic. But only two days a week max. Now some people haven’t ever been in.
Although we furloughed a lot of the company, as a senior manager my workload actually went up.

Back on topic, when I first started driving I think it used to cost me around £12 to fill up. Now it’s nearly £100. Of course the mileage hasn’t gone up any! Can’t wait for my EV to get built already.

 

[Nermal]

Prices over the past 2+ years have gone crazy in many countries. Australia, Canada to name but two. In cities and in some more rural areas as work from home made these places more attractive. Some of these recent buyers will look foolish and suffer when work from home is no longer so prevalent.

Yep. Bought my place in 2008 for NZ$325k. The current estimated value is $855k, and I'm an hour away from a city.

 

[circatee]

A few houses in our neighbourhood have sold for $100K OVER what they were purchased for, only 2 years ago.
Our subdivision is new, 2019.

Everything is more expensive now. And, to be honest, I see no sign of let up...