Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.

  • afraid_of_zombies@lemmy.world
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    1 year ago

    Home improvement materials are discretionary? Tell me exactly what items that includes. It better be something like a gazebo but I bet it’s stuff like hot water heaters and window glass.

    • ImFresh3x
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      1 year ago

      To renters yes. Most home improvements are infact non essential. Eg kitchen remodels. Ask your contractor who’s doing most the kitchen remodels and home improvements in general. It’s upper middle class to wealthy. Not people struggling to buy eggs. And the reason these improvements are being done is because everyone with real estate refinanced at 2.5% and got free money from the fed.

      I should know, I’m one of them.

        • ImFresh3x
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          1 year ago

          Sucks to be uninformed

          Go to a working class neighborhood and tell me it looks like everything is new and recently improved. Lol.

          • afraid_of_zombies@lemmy.world
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            1 year ago

            It sucks that you can’t produce a list so you went with an anecdote about mortgages when the question was asked what consists of discretionary.

            Want to attack the idea or the person asking again?

            • ImFresh3x
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              1 year ago

              Go to a poor neighborhood and tell me about all the nice new home improvements you see. Haha. You’re playing dumb or bingeing sincere about it.

              Also it’s not anecdotal. The majority home owners refinanced under 4%. That’s massive amount of money that is not tied up for people who can afford to buy homes. And now can afford that new kitchen.

              Replacing a broken toilet is $150. Remodeling large kitchen is 70,000+.