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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 810759"><p>I agree with most of that (there are indeed conflicting opinions), but I'd say the disagreement is on how much is from the money supply increases, not if its any at all. To say there is $9 Trillion of money in circulation compared to $4 Trillion last year is not just some number on a sheet of paper (not saying you implied that, this is just a general comment into the air), its actual physical money that people have in their hands that didn't exist before. Anybody who has tried to buy a house or book a vacation and looked for a hotel or AirBnB or whatever has seen that its incredibly difficult at any price. And those items have nothing to do with supply chain issues - its about how many people are flush with cash and trying to spend it. There's a massive overdemand issue on one side of the house and then on the other side of the house a massive undersupply issue (supply chain) hitting at the same time.</p><p></p><p>We recently sold our boat. In the process of figuring out what it might be worth, we noticed they stopped making the model. We paid $50k for it 8 years ago and the current brand new model has more bells and whistles and lists for $125k (no kidding). When the guy who bought it came to look at it, he said he's been to boat shows and things and the local boat store said even then, here is their 1 boat they have in that model. The supply chain is janked so they can't get delivery on any additional boats even if they pre-pay until they sell the 1 they have on site. Every dealer is limited. They said $125k take it or leave it, but decide quick, because it will be gone tomorrow. My guy laughed like 'what a bunch of BS', called them back the next day and they said it was already sold. The supply chain is messed up, resulting in extremely limited supply of a bunch of goods, serving to drive the price up. People have so much money coming out of their ears, they're willing to pay obscene amounts of money for things, well beyond what they're traditionally worth. As I have posted here before, we recently sold our house in May - for $475k/40% more than it appraised for last summer. Multiple offers the first day and that was it. Its insane.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 810759"] I agree with most of that (there are indeed conflicting opinions), but I'd say the disagreement is on how much is from the money supply increases, not if its any at all. To say there is $9 Trillion of money in circulation compared to $4 Trillion last year is not just some number on a sheet of paper (not saying you implied that, this is just a general comment into the air), its actual physical money that people have in their hands that didn't exist before. Anybody who has tried to buy a house or book a vacation and looked for a hotel or AirBnB or whatever has seen that its incredibly difficult at any price. And those items have nothing to do with supply chain issues - its about how many people are flush with cash and trying to spend it. There's a massive overdemand issue on one side of the house and then on the other side of the house a massive undersupply issue (supply chain) hitting at the same time. We recently sold our boat. In the process of figuring out what it might be worth, we noticed they stopped making the model. We paid $50k for it 8 years ago and the current brand new model has more bells and whistles and lists for $125k (no kidding). When the guy who bought it came to look at it, he said he's been to boat shows and things and the local boat store said even then, here is their 1 boat they have in that model. The supply chain is janked so they can't get delivery on any additional boats even if they pre-pay until they sell the 1 they have on site. Every dealer is limited. They said $125k take it or leave it, but decide quick, because it will be gone tomorrow. My guy laughed like 'what a bunch of BS', called them back the next day and they said it was already sold. The supply chain is messed up, resulting in extremely limited supply of a bunch of goods, serving to drive the price up. People have so much money coming out of their ears, they're willing to pay obscene amounts of money for things, well beyond what they're traditionally worth. As I have posted here before, we recently sold our house in May - for $475k/40% more than it appraised for last summer. Multiple offers the first day and that was it. Its insane. [/QUOTE]
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