Ex: How much house can you buy
How much gas can you buy
How much have your utilities increased
How much vacation can you afford
and so on...
My wild guess is $100 six years ago will buy about $75 of the same lifestyle today.
Your thoughts please
2007-03-01 11:23:28 · 12 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
drew blood (below) The home equity issue is mute if ALL homes go up in price what more can you buy with the false equity? Equity is a hoax played on the poor. Just a way to con people into borrowing money.
2007-03-01 11:36:06 · update #1
FUNNY........you hear PLENTY of people complaining about the rising costs of electricity, medical insurance, and gasoline. Yet you don't hear very many people complaining about the $100,000 in equity they have in their homes, the high cost of Play Station III's, the high cost of I-pods, the high cost of alcohol, or the high costs of cigarettes! People don't seem to have a problem spending $60,000 on an SUV that gets 17 miles to the gallon, and they don't have any issue with spending more for a bottled water than they do for a gallon of gas! So what's YOUR problem with how much $100 will buy you these days?
2007-03-01 11:31:38 · answer #1 · answered by ? 4 · 3⤊ 2⤋
I live in Florida, my larger energy bills are in the summer. Only in the last two years out of eighteen have I ever had an electric bill over a hundred dollars. I'm looking at my January bill now, one hundred five dollars for the middle of winter and we rarely need heat and mine is natural gas. I have a small two bedroom house and I'm gone all day five days a week. Homeowners insurance took an almost two hundred and fifty dollar increase last year, never had a claim. Gasoline, we're being raped. In 2001 I bought gasoline for ninety eight cents in Texas and Georgia, it was about a buck twenty here. Hidden charges in so much business and banking, credit cards and utility bills with charges we don't understand. I would think it would be closer to fifty bucks. Sad.
2007-03-01 11:49:31 · answer #2 · answered by Anonymous · 0⤊ 1⤋
A ton, thank you Bush...my ranch 6 years ago was worth about 320,000 and now it appraised for 1.3 million, personal income has gone up, unemployment down, vacation every year twice a year anywhere in the world, gas prices Up not related to US but world supply and demand, utilities about the same, Life is GOOD!
2007-03-01 11:39:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I actually think that $100 six years ago will get you something closer to $60 of the same lifestyle.
I wish I could spend like our government does. If I write a check, and there isn't any money in the account, my check bounces. If the government issues a check, and there isn't any money, they simply vote on if they have money or not.
That might be the issue with the value of the US Dollar in the world today. Nothing to back it. . .
2007-03-01 11:34:34 · answer #4 · answered by volleyballchick (cowards block) 7 · 1⤊ 0⤋
The buying power of a 2001 dollar (the year Bush took over) would purchase $88.31 worth of 2006 goods (the latest figures).
Just to check, 2000 to 2006 would get you $85.41
http://www.westegg.com/inflation/
Edit: Chi, you can't possibly believe all homes rise in value equally. The housing market here on the Southern coast is absolutely booming in this supposed national downturn. Yes, every house on your block in Chicago will go up and down together....there ARE other blocks. Look at the changes of price in houses in Baltimore:
http://www.baltimoresun.com/business/realestate/bal-homesales25,0,4086551.storygallery?coll=bal-realestate-storyutil
2007-03-01 11:39:36 · answer #5 · answered by Michael E 5 · 2⤊ 0⤋
When I was a teen-ager, one had to work 350 to 400 hours to earn $100.00.
What does that prove?
We have had a slew of Presidents since then, which one is to blame for that immense loss in value of the American Dollar.
There are many factors involved in the fluctuation of money. One individual, be he President or Pauper cannot have that affect on money solely because he is alive.
2007-03-07 10:49:19 · answer #6 · answered by Mr. Been there 4 · 0⤊ 0⤋
Things have definitely gone up in price, though I would not necessarily blame all of it on the president. I was out of the country for five years (2001-6), and when I came back, I noticed that it costs a lot more to eat out. Even fast food seems a lot more expensive.
2007-03-01 11:32:46 · answer #7 · answered by hansblix222 7 · 1⤊ 1⤋
and after Hillary or barack obama are president 100 dollars will be worth more after 6 years......pleeeeze
2007-03-06 07:21:11 · answer #8 · answered by notadelldude 2 · 0⤊ 1⤋
$53.42 in year 2000 dollars. But since more good are made elsewhere it seems slightly higher
2007-03-01 11:30:51 · answer #9 · answered by Anonymous · 1⤊ 1⤋
I dont think so....your "wild guess" would indicate that the buying power has gone down 25%. I dont really think that is true.
2007-03-01 11:32:02 · answer #10 · answered by Johnny Conservative 5 · 1⤊ 2⤋