Hotel Prices
Jul 2, 2021 09:48:16 #
JRiepe wrote:
The one thing people who plan on an early retirement need to consider is inflation. It's never too early to start saving for retirement.
I was 21 when I started. I had a choice of a big wedding or $1000. I took the money and invested it in Ma Bell, put a crease in my dungarees and went to the local JP.
Jul 2, 2021 10:50:51 #
DirtFarmer wrote:
The cheapest motel room I recall cost me $7.28. Th... (show quote)
And to think the first digital camera I used (purchased by my employer) was a Kodak DCS version that cost more than my Ford Explorer: well over $20,000!
Jul 2, 2021 10:59:02 #
I paid about half for my home, just the material. I built it myself including the plumbing and electrical.
Jul 2, 2021 12:39:52 #
Jerry, the reality is that PRICES do not go up. What happens is that the VALUE of the dollar goes down and it takes more of them to buy the same product.
I started in the mechanical trade in 1969 at $2.50 per hour and journeymen were making $5.00 per hour. When I retired in 2019 our journeyman pipefitters in the same trade were getting paid $83.00 per hour (including their benefits).
I started in the mechanical trade in 1969 at $2.50 per hour and journeymen were making $5.00 per hour. When I retired in 2019 our journeyman pipefitters in the same trade were getting paid $83.00 per hour (including their benefits).
Jul 2, 2021 13:26:09 #
Wuligal
Loc: Slippery Rock, Pa.
FredCM wrote:
I may be making this up, seems to me hotel rooms are more expensive Sunday through Thursday in Chicago. Or maybe they used to be. There are/were more business travelers than weekend tourists.
Would you want to be in Chicago over a weekend if you didn't have to? There is actually an organization that tries to get kids under the age of twelve out of the city from Friday afternoon until early Monday morning because of the child murder rate. Maybe that explains the hotel rates.
Jul 2, 2021 13:38:40 #
jerryc41 wrote:
In about 1977, I got a job as a part-time auditor ... (show quote)
That is part of the reason my wife and I are rewards members of a couple hotel chains. Every time we stay at those hotels, we get reward points which when added up give us free nights. Another perk of the rewards from the hotels, because we use the chain and gain points, often they will upgrade us to a slightly higher cost room for the cost of a lower priced one. A couple years ago we took a trip and traveled for 19 days. Five or six of those nights, we stayed free due to points we accumulated. We also, frequently pay for the rooms with a credit card that offers points and we can get cash back from the points it gives us.
Jul 2, 2021 13:41:32 #
Wuligal wrote:
Would you want to be in Chicago over a weekend if you didn't have to? There is actually an organization that tries to get kids under the age of twelve out of the city from Friday afternoon until early Monday morning because of the child murder rate. Maybe that explains the hotel rates.
If I lived in Chicago today, with a family, I think I'd be focusing REALLY hard on finding somewhere else to bring my kids up.
Jul 2, 2021 14:35:33 #
Amielee
Loc: Eastern Washington State
Ollieboy wrote:
Wasn't bread about .25 fifty years ago? What did you pay for your house years ago as to today's market value? What's your point?
No, in 1972 Ovenjoy bread (Safeway brand) was 9 cents a loaf, and hamburger in our Safeway was 33 cents a pound or 3 pounds for a dollar. My family of me, wife, and 5 kids had to buy 3 one pound packages of hamburger to save the one cent.
Jul 2, 2021 14:38:00 #
canberra
Loc: Top of the (Chesapeake) Bay
sippyjug104 wrote:
Jerry, the reality is that PRICES do not go up. What happens is that the VALUE of the dollar goes down and it takes more of them to buy the same product.
I started in the mechanical trade in 1969 at $2.50 per hour and journeymen were making $5.00 per hour. When I retired in 2019 our journeyman pipefitters in the same trade were getting paid $83.00 per hour (including their benefits).
I started in the mechanical trade in 1969 at $2.50 per hour and journeymen were making $5.00 per hour. When I retired in 2019 our journeyman pipefitters in the same trade were getting paid $83.00 per hour (including their benefits).
Spot on. The currency in your pocket looks no different than it did 50 years ago, and more. It simply does less, and will continue to do so as long as government continues to print more money to cover its deficit spending.
The piper is going to play……. the only question is when.
Jul 2, 2021 14:46:53 #
I can envision situations where I’d rather pay the price, than listen to someone’s constant complaints.
Jul 2, 2021 14:48:08 #
Amielee wrote:
No, in 1972 Ovenjoy bread (Safeway brand) was 9 cents a loaf, and hamburger in our Safeway was 33 cents a pound or 3 pounds for a dollar. My family of me, wife, and 5 kids had to buy 3 one pound packages of hamburger to save the one cent.
In 1968 I was clearing $78/week, $78/mo rent, supporting my other half who was going to school, and making a $39/mo car payment. Our grocery bill could NOT go over $12/week. There were no nights out for dinner. Entertainment was Creature Double Feature with home popped popcorn on Saturday nights. Skirt steak, lamb chops and babyback ribs were REALLY cheap then. Liver bacon and onions once a week. All those items are very expensive now. I always made lunches to take to work until the day he retired in 2006. We did not have the expenses they have today with cellphones, internet service and cable bills. It was a different world, then.
Jul 2, 2021 15:08:34 #
Years ago, I used to set up my horse art to sell at horse shows. I called a motel to reserve a room one day and they told me the price for one night was $89. I told them I'd call back. The next day I called the same motel and told them I had AARP and asked the price of a room (same type room exactly). He said "OK without AARP, room is $155 per night. You are in luck, we have one available. With AARP, it will be only $89."
Jul 2, 2021 15:56:20 #
JFCoupe
Loc: Kent, Washington
Several factors at play today in hotel pricing
Cost of real estate and construction is certainly a big one for newer facilities
But perhaps more of a factor is information technology systems and data that has been collected. The information has provided hotel management with accurate data on demand by day of week, season of year and other factors.
Management then clearly knows when demand is high and sets prices accordingly because they know that even at the higher prices there will be enough demand to fill all the rooms.
Cost of real estate and construction is certainly a big one for newer facilities
But perhaps more of a factor is information technology systems and data that has been collected. The information has provided hotel management with accurate data on demand by day of week, season of year and other factors.
Management then clearly knows when demand is high and sets prices accordingly because they know that even at the higher prices there will be enough demand to fill all the rooms.
Jul 2, 2021 16:15:50 #
Ollieboy wrote:
Wasn't bread about .25 fifty years ago? What did you pay for your house years ago as to today's market value? What's your point?
I remember buying a loaf of bread with my mother for .25. The grocer said, you know, someday this loaf of bread will cost 1.00. It seemed unbelievable. Now that loaf of bread sells for around 3.00 and the more deluxe brands like Sarah Lee and Pepperidge Farm sell for more than 4.00.
Jul 2, 2021 17:29:48 #
chrissybabe
Loc: New Zealand
Hurray. At last something dearer in the US than in NZ. Bread. It is somewhat cheaper here in NZ (taking the exchange rate into calculation).
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