Forty Grand? For a Stove?

[MoKelly]

I have a sheet of plywood under mine because it's basically shot...

The plywood may cost more than a new mattress these days!

MoKelly

 

[Industrial Toys]

I have seen it again and again. People intalling kitchens that would put many small restaurants to shame. AND, they don't even cook! And you wonder why this system of things is coming to an end?

 

[Snobdds]

There is so much money floating around the economy these days. A person can only put so much into stocks. People want to change the funny money into something tangible, like a nice stove.

It's not stupid, it's smart.

Our money supply just grew by 20% in the last year. Think about that...of our entire money supply, 1/5 was added in the last year. There are only a few way to shrink the money supply...and stupid high prices on luxury items is one of them.

 

[Industrial Toys]

Until the inevitible CRASH (of the FAKE unsustainable economy) comes.

 

[MoKelly]

Our money supply just grew by 20% in the last year. Think about that...of our entire money supply, 1/5 was added in the last year. There are only a few way to shrink the money supply...and stupid high prices on luxury items is one of them.

So, how does buying luxury items shrink the money supply?

Do only “stupid high prices” reduce the money supply or do all purchases reduce money supply?

Does buying tractor implements reduce the money supply?

MoKelly

 

[hube2]

I was thinking about getting new furniture for my living room this year. Guy told me that if I order now I might get it in 6 months or a year and then he told me the price..... the furniture I have will last a while longer and if that fails I'll sit on the floor until the madness ends.

 

[Industrial Toys]

Might make sense if you had a mattress full of (becoming worthless) FIAT currency and wanted to put it into something.

My guess, is that many of those Forty Grand Stoves are NOT PAID FOR. That and a hundred other things might just make your House and Mortgage unafordable when Rates Rise.

 

[Snobdds]

So, how does buying luxury items shrink the money supply?

Do only “stupid high prices” reduce the money supply or do all purchases reduce money supply?

Does buying tractor implements reduce the money supply?

MoKelly

There is a principle in economics called velocity of money. Basically how many times can a dollar be spent in the economy before taxes,inflation, and savings reduce it to zero.

Paying over inflated prices will reduce the money supply over time, someone will make enough money on the good to pay some taxes and hopefully put some profit into savings.

 

[Snobdds]

Might make sense if you had a mattress full of (becoming worthless) FIAT currency and wanted to put it into something.

My guess, is that many of those Forty Grand Stoves are NOT PAID FOR. That and a hundred other things might just make your House and Mortgage unafordable when Rates Rise.

You would be amazed how many people can afford to pay cash for a house or second home. There is a lot of money out there...if you know where to look.

 

[kenmbz]

The gov is printing money to sustain the debt.
This means we have inflation.
Since every other country is doing this, seems like a sustainable experiment for now..
Still not buying a $40K stove though

 

[Industrial Toys]

Probably. But I'm guessing they are outnumbered by those living in the low rate financing and mortgage domain.

The SKY seems to be the limit when you don't have to put money on the table. Why buy the SL when you can get the Escalade for another two hundred a month? Frugality is unheard of.

 

[Williy]

Wealthy homeowners are dropping nearly $40,000 on luxury stoves that won't arrive for months. It's a symptom of a broader appliance shortage hampering homeowners and industry insiders alike.​

While demand for appliances amid a home improvement boom is partially to blame, external factors are also making it difficult to buy new appliances.



People are stupid.

If you need a new washer or dryer I would go with the Speed Queen
they will last a lot longer than the other brands as they are made the
old fashion way no chips with little parts to burn out

willy

 

[PuffyC]

The 'pro quality' kitchen fad has been going for a while now and apparently it's not slowing down any time soon. I know some people who did that and you'd think they were big into cooking but they never use it for much more than making scrambled eggs or cooking a frozen pizza. I think at some point people realize they have way more money than they need and if they have a hobby they'll dump it into that, like maybe a boat, golf equipment and a country club membership, or maybe a classic car. Or maybe even a new tractor. Everybody else builds $100,000 kitchens and swimming pools.

 

[grsthegreat]

My kitchen wasn’t cheap, but even I’m not stupid enough to sink 40k into a stove. Ive worked in some very expensive homes over the years. Most of the largest homes I’ve worked in have kitchens that will probably never be used. One is a 24,000 sf log home with 2 full sized kitchens. House is occupied 2 weeks per year. They eat out when in town.

 

[5030]

Until the inevitible CRASH (of the FAKE unsustainable economy) comes.

You got that right and on your side of the border as well. Gonna be a lot of people wondering what happened. (even though your spelling sucks)...lol

 

[grsthegreat]

Prices of property have doubled in a few months here in n idaho. One nutter is trying to sell 70 acres for $690,000. About 90% is a creak that’s flooded. Property is pretty much unbuildable. Someone will probably buy it off the internet.

if someone buys it, I’ll try to sell them my old gas cooktop for $30,000. That’s 10 grand savings off of this cook stove. Such a bargain.

edit: someone just posted a 10 acre lot near me on Zillow for $2.2 million. Nothing on it. No power, no water. This is insane. Money is worthless.

 

[PILOON]

I have a sheet of plywood under mine because it's basically shot...

Yep, that is how to have a firm quality bed..

Best yet, a plywood base and hinges on your firm mattress base and you have lots of storage for seasonal clothing.
Mine even have pop up legs to keep the 'firm base' suspended for the seasonal storage/switching of clothing.
A hand full of mothballs assures garment protection.

 

[Snobdds]

Money is worthless.

Now you understand why transferring 40k to a stove is not really a bad idea. I would rather have a stove, that I may or may not use, than a pile of fiat money right now.

People that just hold cash are really in for a surprise...

 

[5030]

Money is worthless.

Get used to it. Wait until a loaf of sponge bread is 10 bucks. Think it won't happen? It will and soon. FRN's will come on a roll like toilet paper and like toilet paper will only be good for wiping with.

We are rapidly approaching the point where only people with possession of physical commodities will have wealth. Guess that's why I have gold as in physical gold and have for a long time as in pounds. Gold and ammunition and I have both in spades.

Just sold some ammo. Plain old 223's. Sold them for 95 cents a round, cash, sold 1000 of them. Think I had maybe 10 cents in each and the buyer was elated he got them. Now, that is markup.

 

[PILOON]

OK, I'll admit I'm frugal but also handy.

Just repaired my 22 cu ft freezer that is 23 years old and it still keeps my food good.
Keep vehicles for usually 10 years and maintain as required.
Tractor is an 80 something and has paid for itself many times over just in snow duties alone.

One secret is I usually buy basic appliances (anything for that matter) without digital controls if I can.

Wife just warned me that our washer & dryer is starting to age.
OK, both are basic, no electronics so a wire, switch or gasket might be required plus some labor so I should coax a few more years out of them. Just hoping.