And crickets.
Blackmagic Raises Price of Many Items
- Thread starter jonpais
- Start date
And crickets.
Doug Jensen
Carbonite Member
Crickets on this one too from couple of weeks ago. He's ghosting us.
JAMedia
Well-known member
Stramge. He usually has so much to say.
ahalpert
Major Contributor
Here's a good column analyzing the state of inflation today and unpacking some underlying factors while making some general predictions. Macroeconomics is fiendishly complicated, and usually can't be explained by looking at just a single factor
https://www.nytimes.com/2022/11/11/o...-midterms.html
ps - most finance and business types really don't know macroeconomics. I took a macro course in college (Development and the International Economy), and my future I-banker and consultant friends asked me why the hell I was bothering to study macro since all the money is in microeconomics (which is absolutely true but beside the point)
https://www.nytimes.com/2022/11/11/o...-midterms.html
ps - most finance and business types really don't know macroeconomics. I took a macro course in college (Development and the International Economy), and my future I-banker and consultant friends asked me why the hell I was bothering to study macro since all the money is in microeconomics (which is absolutely true but beside the point)
ahalpert
Major Contributor
It turns out that it wasn't stupid, young people driving the historic rise in housing prices. It was rich, old people.
https://www.nbcnews.com/news/amp/rcna69828
You bet! I was crowded out of my own house by millenials who knew everything about responsibly saving the planet, growing their own food, composting, recycling, homeopathic medicines, marijuana, how the older generations stole, plundered and raped the land and its native peoples and immigrants. Sure, I know about them, they live for free in my house, on my groceries, my utilities, my real estate taxes, they check in whenever they need to drop off another load of dirty clothes, take a bath, use the internet. They know everything about health, natural medicines, natural foods yet strangely enough don't know how to rinse dirty plates or put untensils in the dishwasher. They will open it only to take out one clean spoon at a time, scoop out their candle with it and toss the spoon along with the goo into the garbage, and use all manner of other sharp instruments to clean and scrape bong matter and throw that into garbage as well. For other things, cans, bottles and wrappers they can't find space inside a garbage container, have no clue how to empty one or set it out for pickup. When they need a hot shower, they take only what they need, which is all of it until it's running cold again. And they are off to the next guap or whatever. Their rooms are pigstys of empty cans, food wrappers, bags, ashes, dirty clothes strewn on the floor that you have to step around to just to walk. My basement and garage are permanent storage units of their junk, camping, crafts, furniture. For 5+ years I rented a storage unit to keep my own things in. I can't live that way. For my own sanity, and I mean that literally, I had to find another way to live. And now I am, a gated community on 35 acres near the Royal Gorge overlooking the Arkansas Valley, surrounded by beauty and peaceful tranquility on all sides. I've got 4 car garage space, wood shop and 360 degree views, and no millenials. You think I give a s*** about who I crowded out of the housing market? I am still paying for and they are still living for free in my other house. Absentee owner, yeah right..
ahalpert
Major Contributor
I'm not sure you would be counted among absentee buyers if you move into the new house. Either way, it's immaterial to the original discussion. Run&Gun posed a theory that millennials were distorting the real estate market by overpaying for houses because they had never had money before and didn't know what to do with it. But that wasn't true.
It's also worth noting that housing prices have only declined 2.4% from their recent peak. And that's with mortgage rates driving up the cost of financing a home significantly over the last year to the tune of an extra $650/month for a median-priced home.
Prices may decline further. But it basically looks like people didn't overpay for their houses. The cost of housing just shot up. In fact, the temporary but drastic rise in housing and rent costs was the biggest contributor to inflation last year. People aren't sure why, although it's theorized that WFH has led people to spend more on their homes.
Run&Gun
Veteran
To be fair, it wasn’t my theory. It was a theory I read(I believe I may have stated that in the post) and it wasn’t just about housing, but included goods and service’s, as well.
alaskacameradude
Veteran
When I was a poor young lad, the single most important thing I wanted was to own a house. It seemed obvious to me in the 1970s that there's only so much of anything. I looked towards Europe at the time and surmised that their housing crunch would become our housing crunch. I desperately wanted to get in before it was too late for me. I got in just at the foothills of a housing price boom. I paid full price without negotiating. It was an outrageous price! I paid an insane marked-up price of $112,000 for a house! I was one of those young Boomer bastards that drove up the market price. Now I am one of those stinking rich old people. Abe, one day, you too will be a stinking old man, and you will like it.
Anyway, it's no one stinking group that is driving up the market. It's all of us. Quit breeding and then there will be a housing surplus. But then the economy will go down the toilet. You can't win.
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Speaking of stinking Millennials, my friend has a son, college education, got indoctrinated at college by professors filling him full of manure. He bought into it. He won't drive a car (they pollute don't you know). He doesn't have a license, but he is ok with his old father driving him around and coddling him. He has had a few half-assed jobs. He refuses to get his act together and be a responsible adult. Now, it seems to me......hmmm, I'm old so the memories are vague.....it seems to me there were these awful, lazy people...... what were they called?
TimesMachine: July 13, 1968 - NYTimes.com
TimesMachine: July 13, 1968 - NYTimes.com
Run&Gun
Veteran
There's already an overabundance of people and we still can't fill the jobs. One of the big problems is so many people have an inflated sense of self-worth, that's been fed and stoked by the last few decades of being led to believe that they're "special" and that they should always get things their way. All the kids now want to walk in the door as upper management, work two or three days a week and make six figures a year.
NorBro
Major Contributor
Because they see their friends making money in nontraditional, easier ways and don't want to bust their butts like the past generations, at least not for something they don't love, care about.
Everyone today wants to be his or her own boss and I can't say I disagree.
Younger people today are wired differently, for better and for worse. There's a lot more, "Life is too short to be mucking around doing this and I need to be doing something else ASAP."
Everyone today wants to be his or her own boss and I can't say I disagree.
Younger people today are wired differently, for better and for worse. There's a lot more, "Life is too short to be mucking around doing this and I need to be doing something else ASAP."
I think it is so cool for the young folks to make a living being an 'influencer' or a travel vlogger or any number of seemingly simple things. But they are not simple. It is a lot of work putting out videos on a regular basis. My hat is off to them. Nice work if you have the talent for it.
We were also wired differently than our parents. The mantra back then was they were 'the establishment' and they were evil and were slaves to 'the man' earning a wage. 'Don't trust anyone over 30' was a popular saying. So stupid, but there it was.
We were also wired differently than our parents. The mantra back then was they were 'the establishment' and they were evil and were slaves to 'the man' earning a wage. 'Don't trust anyone over 30' was a popular saying. So stupid, but there it was.
NorBro
Major Contributor
If one chooses to do something complicated and mostly inconvenient, it's going to be a lot of work, no doubt about it. But there are many things that are simpler, like short videos speaking about things or taking your shirt off a few times a week and making a few thousand dollars.
For real editors, it's nothing prepping 10+ short, not very involved videos per day, let alone one or two per week for a channel.
For real editors, it's nothing prepping 10+ short, not very involved videos per day, let alone one or two per week for a channel.
I need to make the old people's channel and vlog about diapers, dentures, salves for arthritis and how to go down stairs without breaking your hip. I'll have the 'Back in my day' segment and be sponsored by Medicare Advantage plan companies and diabetic supply companies. I'll clean up.
Not always, but I was helping some young people with a short. I was the sound mixer. After wrapping up, the five of them gathered together and said something along the lines of "Cool, let's go celebrate" and they continued talking about where they would go etc., clearly leaving me out of the loop both in conversation and physically. They made a circle of themselves and left me out of it. I mean, on purpose. It was so obvious. Off they went out the door, happy as could be without hardly a goodby to me as they went off to their celebration. That was the only time I have felt invisible as an old person.
alaskacameradude
Veteran
A few years ago I was hired for a couple day job with a DP
who was in Alaska from Texas shooting a series.
After we wrapped, he bought me dinner and we were
swapping stories. He owned a production studio in Texas,
and he told me about the time he had
a group of college students come to his studio as interns
to learn about production work. He asked them to start
by cleaning the studio floor so any trucking shots wouldnt
be ruined by any dirt that may have been tracked in.
But a couple guys hung back and didn’t help at all.
So he went over to them to see what their deal was.
’So we aren’t with them’ the non working students said.
’We are here to learn to produce and direct!’
’Really?’ the DP asked. ‘Why don’t you produce
a broom and direct it across the floor then!’
ahalpert
Major Contributor
I haven't seen data on those other types of spending. But I also feel like cars are the only other good that Americans actually haggle over. And houses are our biggest single expense, so would be an outsize component on inflationary spending.