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Replies: 40
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All-Time Great [95396]
TigerPulse: 100%
63
Posts: 46902
Joined: 2009
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Repo car numbers are up while used car prices are down 10%.
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Jul 27, 2024, 10:39 PM
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Which means the economy is getting soft and troublesome.
New Home sales are down, many builders & realtors are hurting, furniture dealer sales are down 10+% and home improvement sales are iffy and slow.
And, sadly credit card debt is up 5+%.
Saying, just be aware that things are getting tighter as we all know especially when buying groceries and seeing higher insurance rates..
So be thrifty and wise TiGERS!
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Freshman [-98]
TigerPulse: 46%
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Is Bill the new Joe Biden?
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Jul 27, 2024, 11:01 PM
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Bill defeated MediCare
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Orange Immortal [62695]
TigerPulse: 100%
60
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Joined: 2004
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Re: Is Bill the new Joe Biden?
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Jul 28, 2024, 12:27 AM
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Oddly, it doesn't feel like the "strongest economy." The media needs to do better in convincing us that it is.
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Solid Orange [1321]
TigerPulse: 90%
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Re: Is Bill the new Joe Biden?
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Aug 11, 2024, 3:44 PM
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If you believe anything the "media" tells you, would you be interested in a nice oceanfront home in Kansas City.
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Orange Phenom [14672]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 12:59 AM
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The middle class is refusing to pay the higher prices and/or just can't afford to buy. It doesn't help when groceries for a family of 6 is now averaging $500 per week and energy prices keep rising. I got my notice in the mail that electric is going up and I'll be charged even more if I try to stay cool between 3 PM and 6 PM in the summer or warm between 6 AM and 9 AM in the winter. But the state won't go to an open market and give me a choice who I buy electricity from and still give the utilities their guaranteed return.
Also, manufacturers are starting to feel the pinch from the reduced demand and resulting reduced production. That along with mostly staffed work forces and paying higher wages means less income and manufacturers don't like that. It's not time to panic but if things don't start turning after the next couple of reports come out, it may be time to look at alternate investment strategies.
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TigerNet Champion [116937]
TigerPulse: 100%
65
Posts: 75541
Joined: 2003
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 1:21 AM
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We have a handful of utilities, a handful of companies that produce most of out food, Private investment firms that own most fast food and chain restaurants, a handful of airlines, and a handful of banks. It seems all of this consolidation has undermined capitalism and created a cartel of investor-class azzhats that open envelopes for a living and pay next to nothing in taxes.
How did we get here again?
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Orange Beast [6499]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 1:43 AM
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regulation and government cronyism
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TigerNet Champion [116937]
TigerPulse: 100%
65
Posts: 75541
Joined: 2003
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lollers
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Jul 28, 2024, 2:49 AM
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it was deregulation that allowed for monopolies.
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Orange Phenom [14672]
TigerPulse: 100%
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Re: lollers
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Jul 28, 2024, 8:41 AM
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it was deregulation that allowed for monopolies.
Or some believe. How about not enforcing Anti-Trust laws and the Sherman Act? Government officials getting rich creates monopolies.
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CU Guru [1558]
TigerPulse: 99%
30
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Re: lollers
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Jul 28, 2024, 11:09 AM
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I think the politically correct title that allows this is "Czar"
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TigerNet Champion [116937]
TigerPulse: 100%
65
Posts: 75541
Joined: 2003
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possibly this will help
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Jul 28, 2024, 11:18 AM
[ in reply to Re: lollers ] |
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In the 1980s, the Reagan Administration drastically altered American antitrust policy, virtually eliminating Section 2 cases involving monopolies. This chapter provides a context for that decision by tracing the efforts that the federal government made since 1890 to reconcile an opposition to highly concentrated economic power with the even stronger enthusiasm Americans have always had for the economic success they associated with the nation's largest enterprises. In this setting, judges and government lawyers struggled over the years to come up with a clear concept of monopoly. In the global economy of the late 20th century, the Reagan policy innovation solved that problem and proved to be timely and significant. The new policy allowed American firms to get up to global scale, either through strategic alliances or through mergers that would not have been allowed under previous administrations.
https://academic.oup.com/book/32913/chapter-abstract/276851890?redirectedFrom=fulltext
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Orange Beast [6499]
TigerPulse: 100%
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Re: possibly this will help
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Jul 28, 2024, 2:10 PM
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You say he weakened them, but his administration was the only one to ever bust up a trust, remember the Bell breakup? right now disney has an even larger sports and entertainment trust, so big in fact, that they are even involved with making schedules.
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Tiger Spirit [9354]
TigerPulse: 93%
44
Posts: 11353
Joined: 2003
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 11:06 AM
[ in reply to Re: Repo car numbers are up while used car prices are down 10%. ] |
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We have a handful of utilities, a handful of companies that produce most of out food, Private investment firms that own most fast food and chain restaurants, a handful of airlines, and a handful of banks. It seems all of this consolidation has undermined capitalism and created a cartel of investor-class azzhats that open envelopes for a living and pay next to nothing in taxes.
How did we get here again?
In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.
Cool story but simply not true
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Valley Protector [1406]
TigerPulse: 99%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 8:53 AM
[ in reply to Re: Repo car numbers are up while used car prices are down 10%. ] |
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Got the Blue Ridge notice yesterday and it made me mad. Written as though I can control my electricity costs. Perhaps for 6 hours of peak. Blue Ridge and other co-ops need to find ways to help keep costs down. Start with annual gifts, monthly magazines and salaries for executives.
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Orange Phenom [14672]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 10:39 AM
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Interesting you say this. I lived in IL before I retired and came back home to SC. I was there before open market and paid through the nose for electricity and the power was always dropping out due to poor maintenance. When IL went to an open market for electricity, the cost of electricity dropped by about two thirds, the aging equipment got fixed and the power stayed on. The utilities still made money from producing electricity and leasing the use of their power lines to the competition.
Things were not easy from the utility side especially for the nuclear plant owners so there is now a hybrid situation. Through a lot of legislation, the state finally agreed that Nuclear plants can't go from full power operation to reduced power like other fuel plants to match load requirements. It puts the equipment and plant/public safety at risk.
Back to the co-ops. I got my letter from Blue Ridge yesterday also. I find it hard to believe, the state allows this type of pay structure.
One place I lived in IL, I was under a rural coop like Blue Ridge Electric. The difference is that, as customers and members, we received a check every year from the coop for our share of the profits. I have not seen a thing from Blue Ridge but increases rates since I've been under them.
shirleyb
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Standout [347]
TigerPulse: 92%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 12:46 PM
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Theee is plenty of tract housing going on in Charleston and Dorchester Counties. A really big development near Ravenel. Going up really fast. A good hurricane will wipe them out.
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Varsity [110]
TigerPulse: 84%
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Re: Repo car numbers are up while used car prices are down 10%.
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Aug 12, 2024, 8:52 AM
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Well, the illegals have got to live somewhere, right?
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CU Guru [1558]
TigerPulse: 99%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 11:19 AM
[ in reply to Re: Repo car numbers are up while used car prices are down 10%. ] |
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shirleybIf it's of any help...small note here you might want to check out, minded I'm not a tax-professional or professional of any sorts, really.
With solar battery systems (think of Tesla's PowerWall, but don't buy that because it'll burn your house down)... I believe there is a rebate from BlueRidge (or was something like $2500), and I know you can get 30% federal income tax credit for the whole setup.
The battery system (called an ESS these days) can be set such that it stores energy during off peak hours and supplements during peak hours. It isn't the same as a whole house backup (like a traditional generator), but it controls when you buy from the utility and allows you to stockpile at the cheaper rate.
The solar portion in equipment terms is not even required; you can simply pull the juice in off-rate hours and use it during peak-hours. You would need to see what the tax implications of an ESS only system are, but I think even if you have (1) solar panel you could qualify.
PS-I would bust Bill's chops on wrong bored but he's been nice to me so I'm leaving it to TNet to Karen the situation.
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Valley Protector [1406]
TigerPulse: 99%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 2:47 PM
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Thanks.
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Game Day Hero [4134]
TigerPulse: 95%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 12:31 PM
[ in reply to Re: Repo car numbers are up while used car prices are down 10%. ] |
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Got the Blue Ridge notice yesterday and it made me mad. Written as though I can control my electricity costs. Perhaps for 6 hours of peak. Blue Ridge and other co-ops need to find ways to help keep costs down. Start with annual gifts, monthly magazines and salaries for executives.
The Salaries for these Cooperative Executives is Outlandish!!!!! Look them up and your Jaw will drop! Also, there are Board Members who attend a few meetings per year that are compensated and they QUALIFY for a Cushy Retirement/Pension Plan!
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Orange Elite [5137]
TigerPulse: 42%
38
Posts: 17119
Joined: 2005
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 10:52 AM
[ in reply to Re: Repo car numbers are up while used car prices are down 10%. ] |
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I live in a state that allows you to choose your provider and it doesn't save you any money. It just leads to people being scammed by providers.
At the end of the day, there is only one system to distribute the power so the market can't be more efficient.
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Orange Phenom [14672]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 11:16 AM
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If that's the case, someone is filling their pockets because I saved in IL switching and not switching because the prices went down.
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1st Rounder [699]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 4:44 AM
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Can't speak to repo #s but can speak to used car prices being down. 60 days ago I sold my car to a large chain and that same car is now worth ~9 to 10% less. I'm watching the market and are now a buyer vs seller. Several used cars I'm looking at have dropped over 15%.
Also currently selling my late step father's home in SC. Sold my mom's home in Jan/Feb of 2024. Her home sold in 32 days got 2% below ask. His home has now sat 70+ days and we are under a continent contract, not ideal, and had to drop 10% off original ask. We had very little traffic to see the home and feel very luck to have the offer.
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1st Rounder [699]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 4:46 AM
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contingent*
lucky*
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Oculus Spirit [39489]
TigerPulse: 100%
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Posts: 13901
Joined: 2013
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biLL, please stop posting your rambling stream of consciousness BS on the
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Jul 28, 2024, 7:19 AM
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Clemson FOOTBALL board.
It’s fn ridiculous, and you should be ashamed.
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Orange Phenom [14672]
TigerPulse: 100%
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Re: biLL, please stop posting your rambling stream of consciousness BS on the
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Jul 28, 2024, 8:44 AM
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I can't afford IPTAY for parking and tickets because of the cost of everything else that has gone up. There's your football.
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Orange Beast [6125]
TigerPulse: 100%
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Re: biLL, please stop posting your rambling stream of consciousness BS on the
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Jul 28, 2024, 9:46 AM
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2024 will be my last year purchasing season tickets. In addition, I am going to have to reduce my IPTAY donation. Things are getting too expensive for me to afford nonessential items. Life is tuff for retirees on mostly fixed incomes.
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Standout [347]
TigerPulse: 92%
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All-Time Great [96581]
TigerPulse: 100%
63
Posts: 96661
Joined: 2009
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After a long downtime between football and football...
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Jul 28, 2024, 9:49 AM
[ in reply to biLL, please stop posting your rambling stream of consciousness BS on the ] |
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with the recruiting being the only actual new and topic of discussion with which we can claim accuracy, this bored would die without trivial topics. That is why B and Crump allow such non-football nonsense.
It's always been that way and Crump® will shut it down fairly quickly when fall camp starts.
I drop by the mange once or twice a month during downtime unless there's significant news to get Hood's position on. IK, I ended a sentence with a preposition and that just ain't right.
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Paw Master [17529]
TigerPulse: 100%
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Associate AD [1055]
TigerPulse: 77%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 9:04 AM
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Amen! And if you can, swap paper for some silver and gold!
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Campus Hero [13530]
TigerPulse: 100%
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Posts: 22788
Joined: 2004
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I'm no economist, but it never seemed sustainable
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Jul 28, 2024, 9:45 AM
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at all to me. Wage growth never remotely matched the COVID increase of the cost of goods.
There was a very weird period where we had a big influx of cash (covid checks) combined with many people spending less money (staying at home, not vacationing, not eating out, not using gas, etc) plus a severe shortage of many standard goods. There was kind of an artificial supply of money along with the large shortage of many goods due to supply chain disruption that obviously resulted in a very abnormal economy where people were able to (temporarily) afford to pay exorbitant prices for things.
Now people are back to living off normal wages with the cost of literally everything still sky high, and many also are now saddled with insanely high interest rates on their vehicle and home loans (which they also likely overpaid for during the covid real estate bubble), and something really has to give.
Prices need to come back down a little, and there's inevitably going to be a spike in loan defaults. There's probably a pretty nasty time coming for the real estate market which stinks for many people who's livelihoods are tied to it in some form. I grow landscaping plants for a living and I'm expecting to be hit pretty hard sometime in the not-too-distant future. I just hope it's kind of gradual and controlled, and nothing resembling 2008.
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All-TigerNet [5951]
TigerPulse: 100%
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Re: I'm no economist, but it never seemed sustainable
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Jul 28, 2024, 12:38 PM
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I think it’s going to make 2008 look like a picnic.
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Associate AD [1055]
TigerPulse: 77%
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Re: I'm no economist, but it never seemed sustainable
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Jul 28, 2024, 6:56 PM
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Just wait 'til Carmella is elected. Destruction will accelerate!
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Valley Legend [12580]
TigerPulse: 100%
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Joined: 2010
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 10:44 AM
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Don't worry. The laughing border czar will fix it.
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Head Coach [949]
TigerPulse: 96%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 11:33 AM
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"The economy" is always wonderful if you're rich but always bad if you're a pauper.
Just a matter of perspective. But the rich seem to whine more .
Strange
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Orange Beast [6133]
TigerPulse: 100%
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Re: Repo car numbers are up while used car prices are down 10%.
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Jul 28, 2024, 1:05 PM
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Prices for off campus student housing has gone through the roof in the last few years too!
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Playmaker [356]
TigerPulse: 96%
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Re: Repo car numbers are up while used car prices are down 10%.
Aug 11, 2024, 3:53 PM
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Good advice, a friend that owns several car dealerships mentioned something similar last week. I know it's a football board, but I enjoy these posts and appreciate the warning.
LightBulbbBill
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CU Medallion [19015]
TigerPulse: 100%
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Posts: 14719
Joined: 2010
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Household expenses are up $11,500 per family from 2021 forward
Aug 11, 2024, 6:29 PM
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Home price, interest rates and rentals are up even more.
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Tiger Titan [49452]
TigerPulse: 100%
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Joined: 2012
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Re: Repo car numbers are up while used car prices are down 10%.
Aug 12, 2024, 9:08 AM
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The bubble will eventually burst, keep some cash/silver on hand.
Food & water & gas for emergency’s wouldn’t hurt either.
We’ll get through it!
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Clemson Icon [27580]
TigerPulse: 100%
54
Posts: 31956
Joined: 2003
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Re: Repo car numbers are up while used car prices are down 10%.
Aug 14, 2024, 7:53 PM
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Clemson sports?????!
Wish I could figure out this new world
Go mighty tigers
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Replies: 40
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