Re:Show HN: M1 Chart – The stock market adjusted for the US-...
by erosenbe0 on Saturday February 13, 2021 @08:45PM
(#26128924)
Things are difficult to price. Your expenses probably are increasing and I believe you but I know there is bias in my expense calculations. For example, I need a new car. It will be a lot more in sticker price than real cost of previous car. However total cost of ownership if I look all the way out to 2030+ or later will be lower than previous car. This is one of the problems with pricing healthcare. It's out of control expensive but also morbidity and age adjusted disability keeps getting lower.
Edit: The land problem is a thing also difficult to capture since amortized across entire country. Moreover, it's not Singapore in the USA, the land price problem points to various inefficiencies rather some kind of intrinsic supply/real value problem.
Re:Show HN: M1 Chart – The stock market adjusted for the US-...
by lotsofpulp on Saturday February 13, 2021 @08:58PM
(#26128984)
The bottom line is I need to make sure my income is growing at a faster rate than CPI to purchase the things I want to. Whatever daycare/tuition/land/healthcare/taxes/retirement savings cost today, the official CPI figures have not come anywhere close to resembling the growth in prices for those in my adult life, and they comprise of basically all my spending.
The price of milk or flights is irrelevant to me when the houses I’m looking at purchase go up a few hundred thousand.
What were the changes in your health insurance premiums(employer+employee)/deductible/oop max?
As an example, my parents’ deductible went from $3,450 to $6k, monthly premium from $1,137 to $1,232 between 2020 and 2021.
My expenses consistently go up quite a bit, far more than any government number. Both for my businesses and at home. My taxes also reliably go up more than CPI figures. Land has especially gone up.
Also, if you were planning on purchasing a home in any popular area of the past 10+ years, the lack of price increase in food or tech would have been meaningless in the face of land price increases.