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Why does the value of things in dollars not make sense? (lemm.ee)

submitted 1 year ago by delitomatoes@lemm.ee to c/asklemmy@lemmy.ml

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This is difficult to explain. I can't figure out a rule of thumb for spending, the prices of things fluctuate so quickly it's confusing. Here are some examples

A house, prices are out of control, inventory is low, sellers are greedy. I'm feeling not only unable to afford it but finding lack of value in inflated prices
Computer parts. Relatively cheap compared to pandemic but more expensive than before but also much cheaper than 90s/00s, but still could be cheaper
TWS earbuds, completely different ball game from regular earbuds, disposable electronics.
Food. Nights out with drinks now sometimes cost me more than 2 & 3, but seem like just keeping up with inflation

The prices range from 100,000s to 100s, but some are fleeting, some semi permanent, some last a long time. I also spend hours researching prices of parts and waiting for sales, but spending the same amount on social events in an instant

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[–] 667@kbin.social 31 points 1 year ago* (last edited 1 year ago)

Put the cost of things into terms of hours you would need to work to cover its cost. On an individual basis, you know very well how to gauge an hour of your working time, and inflationary effects will become apparent when there is something you used to buy routinely and suddenly find you have to work two or three hours to cover its cost.