he literally said it in his post you quoted. for all of your long boring posts, you never bother to read anyone else's.
I ate it once about 12 years ago and liked it but I don't remember if it was double. I went in one a couple of months ago and I felt like I was being strong armed with no choice and didn't eat there
What this shows I am not sure. But your argument here has a few holes in it. Oil companies have increasing profits but are scaling back investments, in particular both green and capital investments which would increase supply. https://fortune.com/2022/02/10/big-...estment-energy-transition-dividends-buybacks/
Its starting in my area. Restaurants that two months ago had people standing outside waiting to get in no longer have crowds. They are not what I would consider expensive places to eat.
Americans are starting to pull back on travel and restaurants In a worrisome sign for the economy, U.S. consumers are beginning to rethink their spending on services https://www.washingtonpost.com/business/2022/06/18/consumer-spending-slowing-economy/
In that last press conf, Powell hinted that unemployment will go up in his battle to kill inflation by 2024 (didn't say anything about rates in 2023). Not really what he directly said but by his time targets and his weasely responses. Tighten those belts, we aint seen nothin yet.
My doctor was telling me that in Austin they are charging $1000 just so you can get a pool quote. 150k pools is norm now for a basic one. He left them 3 voice-mails and they get haven't got back to him.
Speaking from experience this is kinda true but not really. Yes… pool builders right now are still busy but it’s slowing down and the build time is back to the normalish. Materials prices though while more available are still higher than normal. Back when the pandemic first lightened and people got their stimulus money, there was a huge shortage of materials (namely the pumps and filters) and the build crews were scarce and overworked. Also there were huge weather issues. Remember the freeze? So builders were so far behind on their builds due to delays that they’d only take on new customers that were willing to overpay so much that they could jump the line for them and overpay the gunite and coping crews to get the job done asap. So those builders who would actually call you back and give you an outrageous quote were openly admitting that they’d screw over their current customers if you paid them enough. The ethical builders would call you back still and tell you to either get in line for a reasonably priced bid that’d take a year and would requires patience (our experience) or wait a couple years till the industry had more supply. Now it’s not that bad at all and since jobs can get done in normal time builders are more likely to want to fill up their schedules and will take bids from more economical buyers in the 50 to 75k range. If you get a builder to bid you a 15000 gallon pool over 100k, you are talking to a scam artist builder. Also important to note that pool companies that claim to be builders aren’t actually building the pool. They just hire the same digger, gunite, coping, and pebble tech trades that everyone else hires. Probably more info than you were wanting there but it is representative to what is happening now which is that there’s no excuse for prices to be as high as they are right now and the main issue is scamming. A wiser and a more conservative personal spending society will make things look like a recession is happening but it’ll actually be healthy for our economy in the long run to course correct large scale scams. The biggest ones being these hedge funds losing their sh$t overpaying for single family homes and oil and gas execs stopping price gauging because demand for gas is so low. Pool builders are a good representative though on the situation then, now, and going forward. A “recession” due to a smart well educated and disciplined consumer class will be a good thing in the next few years due to the need to curb scamming. People need to stop overpaying and representing high demand on items they don’t need right this second. New pool sales won’t ring alarms bells that much but new car sales will get a ton of attention and signs of demand dropping might actually trigger lower prices on the things we do need.
Not to stay off topic but I did get a pool installed a few months ago. 160-170k was roughly the price...I lost count when writing checks. These were the builders not just subcontractors. They did everything but the shotcrete, gas lines and electrical. Mine was a little more challenging though because they had to pound and remove rock and build a large retaining wall. I also opted for fire/water bowls, a waterfall, heated and salt water. Oh and they put up a custom pergola for me reworked the screen porch with new better screen and new steps, a larger deck and put in an out door kitchen. The final product was amazing... pictures don't do it justice. It's something I can't believe is mine. I'm not sure why I don't have a pic to the right - that shows the mountains.
We're going to relive parts of the 1970s and early 80 (although the unemployment levels shouldn't be nearly as bad). In the early 80s, unemployment crossed 10% and the federal funds rate hit 20%. I doubt we're getting anywhere near 20% interest rates or 10% unemployment but we'll definitely have the most rapid increase in the federal funds rate in decades. I dont think people are prepared for debt to actually have a cost. The rate is only 1.75% right now and everyone is panicking. It took YEARS of increases in the 70s and 80s to get inflation under control. We haven't even had half a year of this yet.
I had a pool growing up and it was the true cement pond and a pain to maintain. I swore I'd never own a house with one. This one though is just throw a bag of salt in once a year and run the robot cleaner once a week and you're done. Just curious - why do you hate pools?
Basically the reason you stated plus the amount of room they take up for single function in addition to the safety concern in a neighborhood with children. Just to be clear, I'm not ******** on your badass pool.
I think unemployment will come off the records lows but I don't see the 70s-80s repeated. Inflation is killing spending power for the poor. It will create a wider gap between the haves and have nots. Buying cars, homes, etc will be out of reach for the lower middle class. Middle class will buy lessor of a home or car. The rich will just pay it. Travel still is hot. Eating out will take a hit so that sector will see a bigger disparity in unemployment.
