Tag: money

Photo by Joe WilcoxMay 15, 20249:57 pm

Pay More For Less

Take a good, long look at the Featured Image. This apartment building epitomizes how dramatically have rentals risen in San Diego over scant number of years. Something seems wrong here—and I mean more broadly. This place merely reflects a trend in explosive increases that feels funny—fixed, unnatural—for a typically dynamic capitalist market.

I’ll illustrate. In June 2021, a 1,000-square-foot flat listed for $1,495 monthly and presumably rented, since the listing was removed eight days later. Available now for $2,325, in the same building: 530-sq-foot studio. Oh, and Zillow estimates that if the larger unit was marketed today, the landlord should charge $3,063.

Photo by Joe WilcoxJan 29, 202411:08 pm

Coin Collection

While waiting outside the Smart & Final for my wife, who was grocery shopping (bless her!), I hung out in the parking lot by the wall where, on the other side, homeless folk sometimes hang out. On the ledge, I came upon a small collection of coins.

My question: Did some good Samaritan leave loose change for the unhoused (hate that term) to find, or were the coins perhaps gathered and forgotten? Either, or neither, could be true.

Photo by Joe WilcoxJan 3, 20249:28 pm

Waiter @Work

I can’t recall the last time my wife and I ate out at a restaurant—or even fast food. Cost is one of the major reasons, and that is about to increase with the new $20/hour minimum wage that goes into effect (appropriately) on April Fools Day. Oh, you got to love California.

Some Pizza Hut franchises won’t wait for that momentous event; two of them are laying off more than 1,200 in-house delivery drivers. Ouch. Our family eats what it cooks, except for the occasional Pizza Hut pie—and always by take away.

Photo by Joe WilcoxOct 18, 202310:51 pm

The Most Unaffordable City

San Diego is too prestigious a place. In July 2023, rents exceeded San Francisco. Yikes! Last month, the median-selling price for residences (houses and more) topped $1 million. The city earns yet another distinction: U.S. News & World Report has crowned San Diego as “#1 in most expensive places to live”. Uh, yeah.

Los Angeles is second; broadly, California cities capture seven spots in the top ten. Oh joy. I marvel at how suddenly—catastrophically—was the transition from, quoting the motto, “America’s finest city” to America’s most unaffordable place to live. Four years ago, food, sundries, and housing cost so much less.

Photo by Joe WilcoxSep 16, 20239:17 pm

Six Dollar Gas Returns

Yikes! When I walked by my local Valero two days ago, price per gallon held steady at godawful $5.50—as when I filled up on Sept. 10, 2023. The Featured Image tells the story: 50-cent increase to, gasp, six bucks a gallon! This is typically a bargain station, too.

The photo comes from Samsung Galaxy S23 Ultra. Vitals: f/2.4, ISO 250, 1/30 sec, 70mm (film equivalent); 7:57 p.m. PDT.

Photo by Joe WilcoxJun 13, 20239:19 pm

Got Cash? Go Elsewhere!

Marking a trendy trend among the trendy artisan set, Communal Coffee in San Diego’s North Park neighborhood won’t accept your money for payment. Your credit or debit card is legal tender, even Apple Pay, but keep bills or coins in pocket, purse, or wallet.

The privilege of digital currency comes with a perk—and one some of you won’t want: The tip nag screen that appears during the purchase process. Oh, don’t feel guilt or pressure, with the glaring eyes of the barista bearing down on you with expectation of 20-percent or more gratuity to top off that swank latte with almond milk.

Photo by Joe WilcoxMar 19, 202310:43 pm

Do You Feel Rooked?

If not today, you may soon. The sudden shakeup toppling several banks was long foreshadowed. Classic run ruined Silicon Valley Bank less than two weeks ago. Dominos fell. First Republic required $30 billion bailout to avoid similar fate. Regulators took over Signature Bank, which was besieged by cryptocurrency losses. Over the weekend, 166-year-old Credit Suisse agreed to be acquired by UBS, in a $3.2 stock swap that is a mere pittance.

Long before the SARS-CoV-2 (severe acute respiratory syndrome Coronavirus 2)/COVID-19 pandemic, I told my wife that too many companies, banks among them, had assumed too much debt during the long period of low interest rates. Wall Street Journal story “First Republic, SVB, Credit Suisse Show How Higher Interest Rates Caught Up With Banks“, dateline today, affirms my hypothesis and gives analysis you want to give some attention.

Photo by Joe WilcoxSep 29, 20228:35 pm

Oh No, Not Again

A week ago, price at the pump was 90 cents less than it is today at my local filling stations. This evening, in North Park, I passed a Chevron sign for $6.60 per gallon, regular unleaded. Oh my, what’s going on with gas going up the cost ladder again?

In the Featured Image, captured using Leica Q2, the Arco across Texas Street (at El Cajon Blvd) seemingly offers a deal for 10 cents a gallon less. But hours later, the station had matched Mobile Mart.

Photo by Joe WilcoxSep 23, 20229:02 pm

The Price of Gas Rose 30 Cents Overnight!

When I drove past the local filling station late yesterday afternoon, a tanker parked and offloaded fuel. I wondered: You don’t suppose the delivery means Valero will charge more? Fleeting thoughts come, go, and never manifest into anything. But on this occasion, I was right to wonder and wish to be wrong. Gas prices had fallen recently and stabilized at $5.30 per gallon.

Ha! And I thought the 24-cent overnight increase, back in February, was a big hike.

Photo by Joe WilcoxSep 9, 20227:42 pm

Not One Crisis, But Two

Two days ago, I looked upon something surprising inside the Grocery Outlet, located in San Diego neighborhood Talmadge: An empty display case for Mexican Coca-Cola. Shall we blame supply chain disruptions that every fear-mongering pundit has blabbered about for months? The beverage, sweetened with cane sugar instead of corn syrup, is popularly stocked by many grocery stores in this area of SoCal.

But far more unsettling is the price. Mexican Coke, sold in glass bottles, is perennially priced 99 cents. A buck sixty-nine puts inflation and rising food/beverage prices into piercing perspective. That’s a 70.7 percent increase, by the way. Yikes!

Photo by Joe WilcoxJun 21, 20229:18 pm

The Unhappy Meal

Before June 17, 2022, I hadn’t been inside a McDonald’s since before SARS-CoV-2 (severe acute respiratory syndrome Coronavirus 2)/COVID-19 was declared a pandemic, on March 11, 2020. My daughter needed a ride, and on on the way back to her residence she asked for fast food. I grumbled and pulled into McD’s.

Whoa, what happened to prices? The current $5.99 for a Quarter Pounder is about a buck less when I last bought a combo meal, which is now $10.49 for a burger, fries, and drink.

Photo by Joe WilcoxJun 10, 20229:12 pm

A Good Reason to Work From Home

At one of the pricer area filling stations, located where Fourth and Washington meet in San Diego’s Hillcrest neighborhood, the price of gasoline approaches mountaineering heights. Grab your gear and head for the summit of cash required to fill the tank. For context, rounding to the nearest buck, customers paid $6.60 per gallon on May 27, 2022 and $4.94 on Oct. 15, 2021 at this location.

On the same day as the Featured Image, June 8, 2022, at my University Heights-located Valero, I filled up a half-tank for 30 bucks at $6.09 a gallon around Noon. Lady driving an Acura in the queue before my car paid $69 and some change. When I drove past a few hours later, posted price had jumped to $6.16.