Is the party over?

[ua_guy]

Doesnt it cost money to charge an EV? Electricity isnt free which brings us to our next solution. Everyone should cover their roofs with solar panels. Thats a real bargain.

The cost of a kilowatt-hour in most areas still compares very favorably with the cost of gasoline. But it seems you're on a path here to complain versus look at facts.

[james.hendrickson]

Fed raised rates by .75 basis points. FYI.

https://www.reuters.com/markets/us/fed-seen-revving-up-inflation-fight-with-sharp-rate-hike-2022-06-15/

[james.hendrickson]

Fed raised rates by .75 basis points. FYI.

https://www.reuters.com/markets/us/f...ke-2022-06-15/

Oh shoot, just saw Kork posted it already.

[LivingAlmostLarge]

At some point do you jump ship? Or do you ride it all the way down then ride it up again? Not my kind of roller coaster ride.

I'm strapping in for a rough ride. I have no idea how long it's going to go but i refuse to bail now and take my losses. I'm in my 40s and when this happened 15 years ago DH and I plowed more money into the market and we're doing the same now. The problem really is that I think honestly it's going down another 20-30%. And i'm sick about it. But I stuck in money for the kids for college and I pray we get it out in 6 years. I just dumped in another $200k and I don't know when this will end, but I feel like I'm playing the worse hand and doubling down. But long term the statistics show if we don't need the money for another 10+ years it'll be fine and I'm going to bet on it.

I am still hoping we are able to retire by 2034 but I don't know. I always thought we'd be done by 2027 (DH turns 50) but 2034 was his magic number. I still think we're cusping it either way depends on certain things I don't know how they are going to break for us. It'll either FIRE us completely or we'll be working till 2034 and saving like crazy.

That being said I 100% agree the feds need to raise rates and the government needs to stop spending. As I get older I get more fiscally conservative and question all this deficit spending. I'm still very liberal and have many liberal bends, but I find myself asking more and more WTF with all this spending.

[rob62521]

I'm a little late to this forum, but I am worried that we will be in a recession. I truly believe inflation is far higher than what they are saying, especially at the grocery.

Here in Illinois we do not have enough power plants to fully power everything electric. I'm not saying we should be going that way at some point, but there should have been more long range planning to be prepared for that. EV cars are pretty expensive, at least where I live, and there are not a lot of charging stations available. Mass Transit is spotty in our town as well.

Hopefully the market finds the rate hike favorable. Saw the Dow was up over 600 points 30 minutes before closing, then dropped to just over 300 on the plus side.

[corn18]

The interesting thing is they changed how CPI was measured in 1987. In 1987, they introduced the rental equivalence concept for determining housing costs. This did away with using housing prices. When the housing market is in a boom, the CPI will lag the real cost of housing until rents catch up. That is usually an 18 month lag. So the one to one comparison between the 70's and 80's inflation to today might be off. I think that is why we may be seeing the core CPI flattening out and the CPI with housing and energy continue to rise.

[QuarterMillionMan]

This is the end result of a culmination of all the free gifts (ie, COVID stimulus, PPE loans, eviction moratoriums, free hotels for the homeless, next student loan forgiveness, etc). Something had to give and we are seeing it now with high inflation. The .75% rate hike is like putting a band-aide on an amputated leg. I've said it before and I'll say it again taking the quote from the movie Dr. Strange, "the bill always comes due."

[LivingAlmostLarge]

The interesting thing is they changed how CPI was measured in 1987. In 1987, they introduced the rental equivalence concept for determining housing costs. This did away with using housing prices. When the housing market is in a boom, the CPI will lag the real cost of housing until rents catch up. That is usually an 18 month lag. So the one to one comparison between the 70's and 80's inflation to today might be off. I think that is why we may be seeing the core CPI flattening out and the CPI with housing and energy continue to rise.

That i didn't know about excluding the rent from inflation CPI. That seems crazy

[rennigade]

I'm a little late to this forum, but I am worried that we will be in a recession. I truly believe inflation is far higher than what they are saying, especially at the grocery.

Here in Illinois we do not have enough power plants to fully power everything electric. I'm not saying we should be going that way at some point, but there should have been more long range planning to be prepared for that. EV cars are pretty expensive, at least where I live, and there are not a lot of charging stations available. Mass Transit is spotty in our town as well.

Hopefully the market finds the rate hike favorable. Saw the Dow was up over 600 points 30 minutes before closing, then dropped to just over 300 on the plus side.

Our grid isn't anywhere capable of handling everyone charging an EV. ...but, it's important for everyone to go out and buy one asap!

Heck there's always rolling blackouts in cities when temps are up and everyone is using the AC.

[corn18]

That i didn't know about excluding the rent from inflation CPI. That seems crazy

They do include rent in the CPI. Always have. They used to calculate owner occupied housing costs using housing prices. In 1987, they switched to owner equivalent rent. Owner equivalent rent is calculated by comparing your house to what a house of similar size and location would rent for. That is your housing costs. That hides the ridiculously hot markets where house prices are rising a lot faster and a lot more than rent prices. Artificially deflates the CPI.

[ua_guy]

Our grid isn't anywhere capable of handling everyone charging an EV. ...but, it's important for everyone to go out and buy one asap!

Heck there's always rolling blackouts in cities when temps are up and everyone is using the AC.

The grid couldn't handle adding another 100 Million+ more people added as users to it in the last 40 years, either. But somehow the infrastructure expanded. Capitalism operates as close to 100% efficiency as it can. Supply. Demand. They will track each other.

[QuarterMillionMan]

[disneysteve]

Everyone should cover their roofs with solar panels. Thats a real bargain.

I'm amazed how quickly solar panels are popping up on houses, buildings, and parking lots. It's great that the numbers finally work for many people to make that feasible. Some are probably using the power to charge EVs but I don't think most are. Most are just doing it to lower their bills. In either case, it takes stress off the existing power grid which is a good thing for everyone whether you have solar or not.

[corn18]

I'm amazed how quickly solar panels are popping up on houses, buildings, and parking lots. It's great that the numbers finally work for many people to make that feasible. Some are probably using the power to charge EVs but I don't think most are. Most are just doing it to lower their bills. In either case, it takes stress off the existing power grid which is a good thing for everyone whether you have solar or not.

I put solar on my RV and it has planted the bug. It is awesome being able to run the whole RV without having to plug it in. Now we can go anywhere and not concern ourselves with power or running a generator.

But, it ain't cheap. My RV is just a mini house and it cost $7500 to outfit it with enough solar to run itself for a few days. And I installed everything myself. There is a LOT more to solar than just buying panels.

I would install solar on my house but I have a new house with all of these goofy (and useless) architectural features on the roof. It is a single story house with multiple peaks (just for looks). The end result is no good roof area pointing south. If I had a good roof, I would install a 20kw solar system with battery backup. Probably cost $20k to do myself or $40k to have it installed. I think there are tax breaks to buy the kit. Some states will pay you for excess power. But I wouldn't do it for the money. I would do it because I want to be independent. 20kw won't get me there, but it would be close, especially in the winter since we have natural gas for heating.

[Fishindude77]

I'm amazed how quickly solar panels are popping up on houses, buildings, and parking lots. It's great that the numbers finally work for many people to make that feasible. Some are probably using the power to charge EVs but I don't think most are. Most are just doing it to lower their bills. In either case, it takes stress off the existing power grid which is a good thing for everyone whether you have solar or not.

My brother just put a system in at a cost of around $30k. I don't know what his electric expense is, but I'm right down the road and mine is about $2500-3,000 annually. It's not really a money saver for quite some time.
He doesn't directly use that solar power. The power from his solar panels goes onto the grid and he gets credit for whatever they produce. Has to remain tied to grid or would not have power after dark or when it's cloudy.