Are You Better or Worse (Economically) Now Than YOU Were 3 Years Ago ?

[protectionist]

do you not ever read the news, business are making record profits across the board

I don't watch/read the leftwing ABC/NBC/CBS/PBS propaganda news, as you seem to be doing. Here's some of the real world news for you.
Walmart closed approximately 24 stores in 2023, due to a mix of factors, including lower-than-expected performance, inventory shrink, and economic downturn.

Macy's (M) announced it would close 150 more stores among declining sales and foot traffic. Kohl's (KSS) has turned to inviting other stores into its own brick and mortar locations in an effort to gin up excitement about the brand. And budget-friendly retailers Dollar Tree and Family Dollar (DLTR) announced they would shutter approximately 1,000 locations in 2024 among declining economic conditions. >>

https://www.thestreet.com/retail/walmart-announces-more-store-closures-for-2024

Store closures are surging this year. Here are the retailers shuttering the most locations.

Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.

www.cbsnews.com

 

[protectionist]

No, because my wife and I have very good jobs and we are up more than 93k in salary from 2020 to 2023.

Some people are, and they are the ones most likely to post in this thread.
More power to ya.

 

[citygator]

I don't watch/read the leftwing ABC/NBC/CBS/PBS propaganda news, as you seem to be doing. Here's some of the real world news for you.
Walmart closed approximately 24 stores in 2023, due to a mix of factors, including lower-than-expected performance, inventory shrink, and economic downturn.

Macy's (M) , for example, announced it would close 150 more stores among declining sales and foot traffic. Kohl's (KSS) has turned to inviting other stores into its own brick and mortar locations in an effort to gin up excitement about the brand. And budget-friendly retailers Dollar Tree and Family Dollar (DLTR) announced they would shutter approximately 1,000 locations in 2024 among declining economic conditions. >>

https://www.thestreet.com/retail/walmart-announces-more-store-closures-for-2024

Store closures are surging this year. Here are the retailers shuttering the most locations.

Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.

www.cbsnews.com

Retail space has been over spaced for decades and Covid hastened the move to online which has settled in at about 25%. It was 2% of sales 20 years ago. That means we needed to close about 1 out of every 5 stores due to the internet. It’s about time they started right sizing.

 

[protectionist]

sucks to be you

Is this envy that you can't match my skills in the links in Post # 89 ? Don't feel bad, you have plenty of company. Lots of giraffes, chimpanzees, monkeys, & donkeys.

 

[protectionist]

Retail space has been over spaced for decades and Covid hastened the move to online which has settled in at about 25%. It was 2% of sales 20 years ago. That means we needed to close about 1 out of every 5 stores due to the internet. It’s about time they started right sizing.

That is accurate, but mostly before the time frame of this thread > 2021-2024.

 

[citygator]

Who plans to have to pay $400 more a month in rent ?

And many people's rents have jumped much more than that (over $1,000+)

Wages are up more than costs since 2019. The only way they look lower is if you chose a spot in the middle of the pandemic to compare it to.

 

[Harpy Eagle]

They don't want to admit that Biden's insane inflation has them over a barrel. Incredible amounts of people are paying more than $1000/month more for rent, than they were 3 years go.

and if you do not pay rent, then this is not impacting you. Thus, this does not impact me.

The apartment that I lived in 3 years go was $600/minrh when I moved out. Now it's $1600/month. I pity the poor folks still living there. It's almost like going out on the street and being mugged for $1000, once every month.

Got to love that free market economy.

 

[protectionist]

I don't know many economists that would agree with you.


I think it is called capitalism. Do you want socialist/communist price fixing? Landlords are asking $2000/mo because there are people willing and able to pay it. Sounds to me like your friend wants to live in an apartment he can't afford. Whose problem is that?

No economists would DISagree with me. The RATE of inflation may be dropping, but as long as there is inflation, that means prices are going up. Anyone who can't agree with that, needs to return to the 6th grade.

Yes. I certainly DO want price fixing with respect to housing rents.
With the insane housing rent inflation of the past 3 years (100-200%), millions of people have been forced out of their longtime homes, some have gone homeless, others have moved in with relatives, and thousands of businesses have been destroyed.

This is one of the most catastrophic phenomena of US history, and one of the least publicized, at least in ways that it should be. As far as "capitalism" is concerned, 99.999% of businesses are being killed by the extreme housing rental increases, many of them going out of business entirely, See Post # 101.

For the sake of capitalism in America, we need rent control to offset the reduction in sales coming from extreme rental rates. And the US is not merely a capitalist country. It is a combination of socialism & capitalism, with the socialist input (rent control) never more needed than now, to allow us to keep selling the stuff we business owners are trying to sell.

This is why the Florida legislature (overwhelmingly Republican), voted for a renter friendly bill (HB1417) in 2023.

 

[protectionist]

Wages are up more than costs since 2019. The only way they look lower is if you chose a spot in the middle of the pandemic to compare it to.

No. No. A thousand times No. Rarely in US history has costs been so much higher than wages. Sorry to have to rebut your patented MSNBC/CNN lines.

And wages are not the only type of income. There also SALES of business (way down), and government payments, like my 2 steady incomes - Social Security & VA pension. To illustrate, this year, my SS went up $34 & VA went up a whopping $7. That $41 increase is $55 LESS than the $96 rent increase I just got. I'm a bit poorer than I was last year, and the same with 10s of milllions of retired Americans.

 

[protectionist]

Got to love that free market economy.

Not if you're a business owner, facing huge sales reductions.

 

[iku]

No economists would DISagree with me. The RATE of inflation may be dropping, but as long as there is inflation, that means prices are going up. Anyone who can't agree with that, needs to return to the 6th grade.

Yes. I certainly DO want price fixing with respect to housing rents.
With the insane housing rent inflation of the past 3 years (100-200%), millions of people have been forced out of their longtime homes, some have gone homeless, others have moved in with relatives, and thousands of businesses have been destroyed.

This is one of the most catastrophic phenomena of US history, and one of the least publicized, at least in ways that it should be. As far as "capitalism" is concerned, 99.999% of businesses are being killed by the extreme housing rental increases, many of them going out of business entirely, See Post # 101.

For the sake of capitalism in America, we need rent control to offset the reduction in sales coming from extreme rental rates. And the US is not merely a capitalist country. It is a combination of socialism & capitalism, with the socialist input (rent control) never more needed than now, to allow us to keep selling the stuff we business owners are trying to sell.

This is why the Florida legislature (overwhelmingly Republican), voted for a renter friendly bill (HB1417) in 2023.

sell some of that "art work" and quit your bitching.

 

[Harpy Eagle]

Is this envy that you can't match my skills in the links in Post # 89 ? Don't feel bad, you have plenty of company. Lots of giraffes, chimpanzees, monkeys, & donkeys.

I am the first to admit I have no artistic skills. I make up for it with a highly analytical mind and a nice fat pay check because of it

 

[Harpy Eagle]

No. No. A thousand times No. Rarely in US history has costs been so much higher than wages. Sorry to have to rebut your patented MSNBC/CNN lines.

The data disagrees with your feelings.

Not if you're a business owner, facing huge sales reductions.

Dude, you need to get out more, corporations are posting record profits every quarter.

 

[citygator]

No. No. A thousand times No. Rarely in US history has costs been so much higher than wages. Sorry to have to rebut your patented MSNBC/CNN lines.

And wages are not the only type of income. There also SALES of business (way down), and government payments, like my 2 steady incomes - Social Security & VA pension. To illustrate, this year, my SS went up $34 & VA went up a whopping $7. That $41 increase is $55 LESS than the $96 rent increase I just got. I'm a bit poorer than I was last year, and the same with 10s of milllions of retired Americans.

Here is a real question. What exactly do you think Donald Trump is going to do for your rent or social security payments?

 

[protectionist]

sell some of that "art work" and quit your bitching.

Good idea, so how about BUYING some of that artwork ? Got any bare, boring walls at home ? Or some pictures that could be replaced ?

www.artpal.com/ats2475

 

[Harpy Eagle]

This is why the Florida legislature (overwhelmingly Republican), voted for a renter friendly bill (HB1417) in 2023.

HB1417 does nothing about rent at all. It seems you have been lied to

 

[protectionist]

The data disagrees with your feelings.



Dude, you need to get out more, corporations are posting record profits every quarter.

Oh the "data"

Liberals are who constantly use the term "data" in this forum. Why ? Because data is concocted by other liberals to plant the idea in their heads that everything is OK, when it isn't. Trusting "data" from a Biden agency, is like trusting a grizzly bear mother protecting her cubs.

As for the record profits brainwash, see Post # 101 for your free deprogrammig.

 

[Cellblock2429]

Actually, inflation is down but my salary is still up so I'm ahead. Way ahead if you consider how well the stock market has done.

/—-/ Not it’s not. It’s 3.5% more than last year, and will be 3.5% more next year.

 

[protectionist]

HB1417 does nothing about rent at all. It seems you have been lied to

I said it was "renter friendly", and it is. Involving security deposits$$, fees$$, "terms & conditions" (which can include rent), "responsibilities of landlords", notice requirements.

 

[White 6]

1. Until just recently, the Tampa Bay area, like most places throughout the South, was one of the most affordable areas in the country. That's one of the reasons I made the arduous trip of driving across the country from California, to move here.

2. You seem to either not be reading my posts, or have reading comprehension trouble. I'm not interested in buying a house or having to mow lawns, repair window screens, replace refrigerators or air conditioners, etc, etc. I live in an apartment building built in 2002, have lots of extra conveniences including 2 elevators, a large swimming pool, picnic area with barbeques, large screened in patio with tables/chairs, activity room, exercise room, arts & crafts room, billiards room, and 2 nice balconies on my floor. What would I need with a big house that costs a mint to heat and keep cool, and is hard to keep clean ?

3. I'm 78 years old, multi-disabled, been retired for 16 years, and am not able or interested in returning to the general workforce.
As for what I have to offer, maybe you missed what I posted regarding my art gallery, which extends over the internet to the whole world, thereby making "some other part of the country" irrelevant. And you likely could never have to offer the same, if you became a multi-billionaire. >>

www.artpal.com/cats2475

https://www.youtube.com/channel/UCGgbznnF2ZXfLqMNhTEBwkg

I lease beach houses in Florida for vacations. Your area has always been significantly higher priced and more prone to Hurricane destruction and flooding than the Forgotten Coast, although I have been stranded on Cape San Blas when a hurricane was 60 miles off the coast and the wave cut the cape off from the mainland.

If you have a successful art business over the internet, I doubt you are suffering too bad. I hope you adjust, as I do not see it changing, only slowing more the speed of increase, as inflation rate peaked two years ago.