"Inflation is coming down"

[Fernando]

I came upon this compilation of items I bought while vacationing overseas in 1988.
I was surprised that clothes prices haven't really increased that much.
Globalization especially from cheap products in China has really kept textile prices from going up.
Americans are fortunate to pay lower prices after inflation than 35 years ago.

 

[Terrel L. Shields]

Globalization especially from cheap products in China has really kept textile prices from going up.

If you worked in the NC cotton mills, or you worked for Levi Strauss in 1988 (their last factory closed in 2002), that's a very Pyrrhic victory. Those people had to buy their clothes at Goodwill. No, they didn't learn coding either.

If you worked for Sealy building furniture in NW Arkansas, you have no job. And the sawmill that provided the frame wood, it's out of business. And the frame fabricator who outsourced the building of the frames, well, he's making cabinets now. And the company that made the cushion foam that went into Sealy chairs and beds...gone. And that plant? It's now a vacant overgrown lot.

Look at the abandoned steel mills of Pittsburgh. What do we even make here now? We don't mine so now we are approaching a shortage of ammunition for Ukraine because we have no antimony, we mine no copper, no lead, almost nothing in minerals. And attack drones for Ukraine are now running behind needs because China is withholding parts we don't produce after Biden imposed sanctions on China. And right now, all those parts to build the wall? Biden is hustling to sell them before January 20 so Trump cannot build the wall and we will have to waste more tax dollars to build new panels for the wall. Biden is one sorry bast*rd that ought to be prosecuted.

 

[Fernando]

If you worked in the NC cotton mills, or you worked for Levi Strauss in 1988 (their last factory closed in 2002), that's a very Pyrrhic victory. Those people had to buy their clothes at Goodwill. No, they didn't learn coding either.

If you worked for Sealy building furniture in NW Arkansas, you have no job. And the sawmill that provided the frame wood, it's out of business. And the frame fabricator who outsourced the building of the frames, well, he's making cabinets now. And the company that made the cushion foam that went into Sealy chairs and beds...gone. And that plant? It's now a vacant overgrown lot.

Hopefully those workers "retrained" and got better paying jobs. Americans can't compete with low low wages from foreign countries. Accept that.

Look at the abandoned steel mills of Pittsburgh. What do we even make here now? We don't mine so now we are approaching a shortage of ammunition for Ukraine because we have no antimony, we mine no copper, no lead, almost nothing in minerals. And attack drones for Ukraine are now running behind needs because China is withholding parts we don't produce after Biden imposed sanctions on China. And right now, all those parts to build the wall? Biden is hustling to sell them before January 20 so Trump cannot build the wall and we will have to waste more tax dollars to build new panels for the wall. Biden is one sorry bast*rd that ought to be prosecuted.

Bay Area especially Silicon Valley grew with higher paying jobs and prosper. For some go into other higher paying blue collar jobs like plumbers and electricians which can't be outsource.

MSN

Is the S.F. Bay Area full of people making millions? This data shows a dramatic trend​

The results showed that the Bay Area “vastly outranked” every other metro region in terms of its share of proportion of jobs paying exceptionally high salaries at every level — over $500,000 a year, $1 million a year and over $2 million a year.

Nationally, the researchers found that about 1 in 127 jobs in the United States paid more than $500,000 a year. In the Bay Area, that figure was 1 in 48 jobs, nearly double the share in the next highest region, Austin, where 1 in 86 workers earned more than $500,000 a year.

The Bay Area continued to stand out as researchers looked into even higher wages. About 1 in 185 jobs in the Bay Area paid more than $1 million a year — substantially higher than the region that had the next highest share of $1 million jobs, Florida’s Cape Coral-Fort Myers-Naples metro area, where about 1 in 313 jobs paid over $1 million. The national average was 1 in 455.

 

[Terrel L. Shields]

Hopefully those workers "retrained" and got better paying jobs.

This isn't SF. They are in quite rural areas. Most of these smaller towns were basically "company towns". I'll give you one about 50 miles from me. Miami, Oklahoma, once had a huge tire factory. It closed and with it the entire town's economy. You can buy rent houses there for $60,000 but you cannot get rents over about $500 a month. No new businesses are there except small mom and pop and a small junior college. The rest of employment is through the Indian tribes and casinos and as you might guess, Indian tribal members get the pick of the jobs.

This is the prices in the older subdivisions of Miami. One lot sale - $9,900

 

[Fernando]

This isn't SF. They are in quite rural areas. Most of these smaller towns were basically "company towns". I'll give you one about 50 miles from me. Miami, Oklahoma, once had a huge tire factory. It closed and with it the entire town's economy. You can buy rent houses there for $60,000 but you cannot get rents over about $500 a month. No new businesses are there except small mom and pop and a small junior college. The rest of employment is through the Indian tribes and casinos and as you might guess, Indian tribal members get the pick of the jobs.

This is the prices in the older subdivisions of Miami. One lot sale - $9,900
View attachment 94620
View attachment 94621

That's the nature of our capitalist market. Things change and people and cities have to adapt.
I heard Nashville local politicians had long term foresight in planning and now that city is thriving.

 

[Charles West]

I would think most appraisers who went to college, never imagine in becoming an appraiser.
Their major is unrelated to appraising. Like mine which was in the hard science.

 

[Terrel L. Shields]

I heard Nashville local politicians had long term foresight in planning and now that city is thriving.

Don't be such an idiot
Nashville 715,884 (2022)
Miami OK 12,866. This is a 0.9% decrease from the 2020 census, when the population was 12,969