RV & Camper Prices vs Inflation

[rruff]

IMO the money printing created the ability to be greedier. Prices for everything went through the roof during covid.

The covid laws and the excessive money printing response, along with the asinine way in which it was "dispersed"... created all sorts of supply and demand disruptions.

Who are the greedy ones you are speaking of? Anyone in the business of making and selling things, who suddenly has a bunch of new customers with cash in hand, and a 2 year backlog, would have to be a complete moron not to raise prices. That isn't greed, that's just reality... the way markets naturally respond.

Also, this was an obvious boom scenario which would naturally be followed by a bust. You have to make money when you can.

 

[Todd n Natalie]

The covid laws and the excessive money printing response, along with the asinine way in which it was "dispersed"... created all sorts of supply and demand disruptions.

Who are the greedy ones you are speaking of? Anyone in the business of making and selling things, who suddenly has a bunch of new customers with cash in hand, and a 2 year backlog, would have to be a complete moron not to raise prices. That isn't greed, that's just reality... the way markets naturally respond.

Also, this was an obvious boom scenario which would naturally be followed by a bust. You have to make money when you can.

Seemed like profiteering to me. But tomAto / TomAHto.

At the end of they day, they can charge whatever they want. If people continue buy, good on them.

Personally, I'll wait for prices to come back down to reality (which they are starting to) before I buy anything else.

 

[rruff]

Seemed like profiteering to me.

Nothing unfair or unethical about it in the slightest. In fact it is precisely what I expect to happen in a competitive free market.

The government response was the problem. Some money printing was necessary, but it was excessive and very stupidly dispersed. Many companies went bankrupt, while others got rich through fraud. If you want to blame someone...

Also, I suspect that the main cause of the homeless escalation was paying low wage workers far more to stay home, than they made while working... and giving them "rent payment grace" to boot. Party on! Functional addicts become dysfunctional addicts very quickly.

 

[Gravelette]

Economists seem to agree that the majority of Pandemic-era inflation was caused initially by supply chain shortages and energy cost shocks, followed by price increases in food and transportation. This was not unique to the US. In retrospect, it seems we coped with the Pandemic and its fallout surprisingly well. Admittedly we got off to a slow start but the medical community did their part, keeping most of us alive until the vaccine was developed. Congress and Federal agencies did their part, reducing economic suffering. Finally, the Fed did its part by knocking the resultant inflation back to below the historic average w/o a recession. Yes it's annoying that new trucks seem to cost $10K more than they should but again, it could have been worse!

 

[Ozarker]

Economists seem to agree that the majority of Pandemic-era inflation was caused initially by supply chain shortages and energy cost shocks, followed by price increases in food and transportation. This was not unique to the US. In retrospect, it seems we coped with the Pandemic and its fallout surprisingly well. Admittedly we got off to a slow start but the medical community did their part, keeping most of us alive until the vaccine was developed. Congress and Federal agencies did their part, reducing economic suffering. Finally, the Fed did its part by knocking the resultant inflation back to below the historic average w/o a recession. Yes it's annoying that new trucks seem to cost $10K more than they should but again, it could have been worse!

Well said!

When my granddad said "gotta make hay while the sun shines" I'm sure he didn't mean take advantage of others while you can.

What's often forgotten in our free market is that it is suppose to be fair wages for an honest days work and business with a fair profit, but that doesn't float with those who think you should take all you can when you can.

As I mentioned before, it's greed, but morality is hard to regulate.

 

[rruff]

In retrospect, it seems we coped with the Pandemic and its fallout surprisingly well.

Compared to what? I agree that they could have up even worse, but that is a very low bar to hurdle. And this isn't a hindsight observation, it was obvious right from the start what the effects would be with a little thinking.

$7T just in stimulus alone!

Regarding the "deadliness" of the virus, I investigated this in early Mar 2020, and the best guess was a 0.5% mortality rate... which proved to be about right... with nearly all those being people who were already near death. I got covid 4 times, after being vaccinated.

 

[Gravelette]

Compared to what? I agree that they could have been even worse, but that is a very low bar to hurdle. And this isn't a hindsight observation, it was obvious right from the start what the effects would be with a little thinking.

$7T just in stimulus alone!

Regarding the "deadliness" of the virus, I investigated this in early Mar 2020, and the best guess was a 0.5% mortality rate... which proved to be about right... with nearly all those being people who were already near death. I got covid 4 times, after being vaccinated.

You have a unique perspective and I doubt any further discussion will change it. Hope you are keeping your family pets indoors.

 

[rruff]

You have a unique perspective and I doubt any further discussion will change it. Hope you are keeping your family pets indoors.

Yes, I think for myself and look things up instead of subjecting my brain to "news" echo-chambers, which only repeat party lines. Facts would help on the discussion aspect. And what does the comment about pets mean?

 

[Obsessed2findARuggedHybid]

Yes, I think for myself and look things up instead of subjecting my brain to "news" echo-chambers, which only repeat party lines. Facts would help on the discussion aspect. And what does the comment about pets mean?

Ya I trust your awesome research and knowledge over those silly epidemiologists.

 

[rruff]

Ya I trust your awesome research and knowledge over those silly epidemiologists.

That's exactly where I got the info... research papers. Not the "news".

 

[Todd n Natalie]

Let's not turn this into a Covid argument thread that will get deleted.

 

[Ozarker]

Let's not turn this into a Covid argument thread that will get deleted.

Totally agree, which is why I won't mention the Health and Human services study that had10,000 lives attributed to misinformation; some of whom may have been stockholders in "F". Reminds me, if you wait a couple weeks I think there will be a flood of used F-150's, and other makes, hit the market at rock bottom prices.

 

[gator70]

Is this a forum to discuss politics or the economy?

 

[Mickey Bitsko]

@rruff , I'm not choosing sides but, beware of the rabbit hole 😳

 

[Obsessed2findARuggedHybid]

Let's not turn this into a Covid argument thread that will get deleted.

Ya sorry Todd I got sucked in by the red necks. Not one more mention of covid from this camper dude