Can someone please explain...

Kosmos_

Kosmos_

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...why there are annual increases to everything ?

Everything from municipal bills, to ISP. Who decided this ? I'm beyond fed-up.
It's unsustainable, and a complete collapse of everything is inevitable in the future.

It's been 'mandatory' for a very long time now. Somebody is obviously benefiting from this. Who are the culprits ?
 
Invert0 said:
...why there are annual increases to everything ?

Everything from municipal bills, to ISP. Who decided this ? I'm beyond fed-up.
It's unsustainable, and a complete collapse of everything is inevitable in the future.

It's been 'mandatory' for a very long time now. Somebody is obviously benefiting from this. Who are the culprits ?
Click to expand...

Yes agreed! There must be a secret room of villains calling the shots. Bring them to task!

Long story short, inflation and the policies to try prevent cash hoarders are to blame! If we were not such greedy buggers, we wouldn't need inflation and life would be quite cosy.
 
Domino effect. All you need is one domino to do its thing, and there's no shortage of that.
 
Invert0 said:
...why there are annual increases to everything ?

Everything from municipal bills, to ISP. Who decided this ? I'm beyond fed-up.
It's unsustainable, and a complete collapse of everything is inevitable in the future.

It's been 'mandatory' for a very long time now. Somebody is obviously benefiting from this. Who are the culprits ?
Click to expand...
Vote anc instead of da next time
 
Governments are corrupt and they spend more money than they have, due to a combination of the corruption and inefficiency. To make up for their losses, they print more totally made up money, which makes everyone poorer in real terms, and prices need to keep increasing consistently in order to keep up
 
Only thing I don't quite understand is car insurance... the cost to replace goes down, my risk level stays the same.
 
GreyBush said:
Only thing I don't quite understand is car insurance... the cost to replace goes down, my risk level stays the same.
Click to expand...
Agreed as most increases can be explained with inflation, however insurance is largely made up from cars that depreciate. When you query they send you a document that explains cost to replace parts has increased substantially. How that relates to a R1M car bought in year 1 and written off in year 5 is difficult to quantify.

Discovery in my experience for 4~5 years you just cancel and they pass you off to the retentions department who lowers the rate. They got wise to that and told me to take it or leave, so I left, and went to a broker with MUA who dropped the premium substantially. On renewal they refused to negotiate so went to a different broker with Santam who again dropped.
 
GreyBush said:
Only thing I don't quite understand is car insurance... the cost to replace goes down, my risk level stays the same.
Click to expand...

Largest cost for the insurer from claims are actually repairs (not write-offs or theft) which are labour/parts related. Those costs usually go up every year.
 
Forum Reader said:
Largest cost for the insurer from claims are actually repairs (not write-offs or theft) which are labour/parts related. Those costs usually go up every year.
Click to expand...
Utter ripoffs by the panel shops as well. Insane difference between cash price and insurance price.

The last excuse is heard was that the older a car is, the harder it is to get spares. LOL
 
GreyBush said:
Only thing I don't quite understand is car insurance... the cost to replace goes down, my risk level stays the same.
Click to expand...
I think what you meant is market values. And it doesn't matter how much they go down. Which they don't always do btw. The underlying costs still goes up.
 
GreyBush said:
Only thing I don't quite understand is car insurance... the cost to replace goes down, my risk level stays the same.
Click to expand...

Your risk level actually goes up as you get older, but also the entire market in the last couple of years went insane with most cars pretty much being worth more than you bought them for through Covid and then replacement costs going insane.

Like someone said above the minor accidents are the real problems and they add up quickly.
 
Cheap energy = growing economy. Cost of energy has gone up everywhere.

Can't get companies to open factories where there's no power.
 
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