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Thanks Janet - The Cost Of 'Renting' In America Is Rising At Its Fastest Pace In 8 Years
The cost of 'living' in America in anything but a cardboard box under an overpass is rising at its fastest rate in 8 years. Both overall "shelter" and "rent" inflation are running at their hottest pace of the 'recovery'... and this is happening as wage growth remains stagnant despite the promises that any minute now it will rise. Well done Janet...
Neofeudalism rules...
Of course, we already knew this:
And as to why this is a concern:
Which is why the market reacted the way it did, and pushed the USD promptly higher in a kneejerk reaction - because while the Fed is boxed in all other fronts, if Yellen is indeed worried about that most important concern to all Americans, namely affording the roof over their heads, then now is clearly the time to hike rates and prick the rental bubble before it gets so big, the primetime news are flooded with coverage of Americans sleeping under bridges because they can no longer afford rent (forget mortgage).
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<-- fuck that cunt
<-- don't fuck that cunt
Just the though of it is nasty.
Imagine the doctor inspecting it and has to smell it. Vomit afterwards.
Obviously the doctor only approaches that thing wearing a Level-A Hazmat suit.
<-- End ZIRP
<-- Go NIRP
But I thought option A led to option B. It's not like they can go positive on the rates while Barry's in office.
Fed.gov is desperate to ignite inflation. Its the only way out of the debt trap they've painted for themselves.
They see this as their shot at inflation; Housing and O'care
Looks like USSA will need to build moar bridges for the peeps to sleep under.
plus you don't have to walk too far to jump
I think the Fed may see this as a further impetus for renters to buy, which in their mind is a good thing.
Rich landlords get richer....
Insurance taxes and water going up. Nat gas stable for now.
Cool! So the next tweak to the Fed's preferred measure of inflation will remove rising apartment and house rents and replace them with the never inflating cost of living living out on the street as people "chose" not to rent their own place as a lifestyle choice.
I have to laugh ever time I see that show on tiny houses on cable. "Oh how great! The toilet is in the kitchen which doubles as the bedroom!"
Thanks Alan, Ben and Janet. Job well done.
Well, aren't you just the little princess?
They couldn't have fucked up things more if they tried to. However. They somehow able to keep the Ponzi going and going. And more importantly the people sit back and take it. So it sure looks like nothing is ever going to change. I just don't understand what people think is going to eventually happen. Everyone broke and penniless is just fine and dandy ???
As long as the sheep have thier fuckbook friends, Kim K's big juicy ass, and the nigger football league to stare at, then yes everything is just fine.
In the short term, dumbing down a population is a very effective political strategy.
It is why multiculturalism is pushed by people like Ash Carter. The newer groups do not have the same command of the English language and lack full context around the iconography the political class uses.
The state becomes separated from it's citizens and accountable to no one.
More transfer of money from the middle class and the poor to the rich.
The 0.1% have more wealth than the bottom 90% in the land of the free. Well done, Old Yeller.
and the berspank
and 100 miles of bad road all over is face, big disgrace, the genius rate cutter, bubble blower, man of year, academia wantabe, greenspasm...
Remember .... Way back in the 70's (I think it was) that the BLS (or whomever, some erstwhile governmental agency) decided that because housing prices were going gangbusters as in Bubble-Land, that they'd impute the cost of shelter/rent thereby mitigating the true impact of inflation via a grossly understated CPI.
Well, golly gee wiz.
Mom, can I use the bathroom yet, I have to get to that meeting with Tim Cook in an hour.
No Billy, you stay in the basement a bit longer, I'm shaving my legs.
But mom, I'll get fired
You bug my ass once more, Mr Executive Vice President of Apple, and I'll throw you out of the basement and you can go live in a cardboard box for $3,000 a month.
just got my tax statment for home value; up 8.2 percent. valuation up 10 percent.
ha, i'm a winner in the gotta live somewhere lottery of values...
ha fucking ha....
My property taxes are set to rise 37% WTF
Having property is a priviledge and not a right. You didnt create that!
Enjoy those new school buildings. School bonds are driving our taxes up around here.
The increases go to Agenda21 funding. Watch the following video for an excellent explanation on Agenda21
https://www.youtube.com/watch?v=UDtCb45Lqt0
I keep seeing more and moar of 'stealth campers" In my parts, couples and even family's living in converted cargo vans. Then theres always the story of people under rent control. Lemme from Motorhead for example has a place just behind sunset blvd since the early 80's, 500/ month or something...
Anyways, things need to change drastically in so cal before home invasions end up being home invadeers squatting.
How could there be inflation when you give people money who dont work? Gee I wonder.
Blackrock just announced it has become the nation's largest landlord. Any correlation, I wonder?
THE LAS VEGAS HOUSING MARKET IS ON THE VERGE OF EXPLODING!
www.ViewLasVegasRealEstate.com
Long Hoovervilles, er, Obamavilles.
Obviously the rental inflation numbers are wrong...don't worry...a "hedonist adjusted inflation" renting index is just around the corner from our government friends at the Bureau of Labor Statistics ... that was easy!
Section 8 sets the floor on rent.
Very tough for the working poor who have to pay competative rates
can't even describe to you guys whats going on here in jersey - its fucking insane how fast rentals are blowing thru the roof ... 1 of my friends & his girls just moved to hoboken, a 1-bedroom with a study apartment for $3500 and they think they got a "deal" ... the fucking conditioning going on regarding the "no inflation" arguement is outright criminal ... they suck u dry today and make sure u can't retire tomorrow with ZIRP.
I keep an inflation calculator on my iPhone. Try it.
http://www.usinflationcalculator.com
It's useful to compare what something costs way back when and now.
Using it with actual inflation (not Gov't statistics) $335 in 1983 should be about $675 now. So the article is right.
Interesting other analysis. My grandfather retired in 1971. I thought he was a rich man. He really was.
He had an 18th floor ocean view condo, a house in the NC mountains, a 47' yacht and two Mercedes. I think that qualifies as rich.
When he passed away I analysed his estate. His 1971 $1.3mm in net worth made him worth $6.6MM in today's money.
By the time he passed at 100 the remaining $1.6mm estate split (after bankers and lawyers) amongst 3 heirs barely buys each one a house.
Inflation .... the silent thief.
Mine just went up 5% annually.
Wages, not so much, 0%...and that's multiple years of stagnation.
Over 5 years they just soaked me for a quarter of my income.
Combine that with the rape and pillage of the insurance industry and it's official...I'm poor.
I used to be middle-class. Now I'm the face of the 2-3 part-time jobs working poor...50-60 hours per week when I can get it.
USA...USA...USA...USA...
SECESSION is the only way for the states to excape the United State_ and its endless usurpations, astronomical debt, militarized surveillance police state, foreign colonization, corporate globalist treaties, etc.
http://freeflorida.org/
http://leagueofthesouth.com/
The States need to call a Constitutional Convention to redo and reset the federal government.
Rents skyrocketing like healthcare, make that OBAMACARE.
While the Banksters and their kin in Israel make out like bandits, which they are, from the White taxpayers, so do their policy of White Replacement affect, STRONGLY, the rent costs.
And the REAL Overlords of the USSA get everything, all the time, it was like when the bailouts to the Banksters on the Upper Eastside of Manhattan, real estate SKYROCKETED in Tel Aviv.
This is from 2003, the gentleman who wrote it then died at the age of 40 from a "heart attack" perhaps.
The cost of Israel to the American taxpayer at that time was $3 TRILLION!
90% of US Naturalizations from 3rd World
More than 350 languages spoken in America...54% of L.A. shuns English at home
Hispanics majority in TX by 2040
Number of Cubans intercepted at sea at highest level in two decades
Immigration bringing 'profound change' to rural Arkansas By Allie Yee
75% of population growth since 2000 from immigration, 100 million more by 2065
Hungarians at least have someone on THEIR side:
Orbán: Europeans should “throw away political correctness” and shut down migrant invasion
Thanks Janet, and all the rest of your Tribe.
On my rentals, My taxes are uyp this year (just some small amount) and my HOA fees are going up nearly 33%
I will be forced to raise rents and I am now looking to sell possibly. So, of the 100 a month I am going to raise rents, NONE of that extra money goes to me.
So don't think us small time landlords are making a lot of dough, we are not. One small assessment, repair, or having to replace a major applicance for example blows my entire profits for the year.
So sorry ...
(so sorry you suck)
This is GREAT NEWS!
Soon - we will be hunting each other, for sport ... for food.
(what a great future lay ahead)
(glug, glug, goes the cheap whiskey)
https://en.m.wikipedia.org/wiki/Amusing_Ourselves_to_Death