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Utopia Talk / Politics / The price of eggs
Habebe
Member
Wed Jul 14 12:56:01
I was watching a podcast about fake eggs from China. The Brit talking about it (thoughty2) , he spoke of a Thai woman who bought 10 eggs for about $1. He then joked about the absurdly cheap price, which seemed odd to me because eggs are cheap as shit, I keep them as a staple because I like them and they are so cheap.

I can buy a dozen eggs for .69-.89 cents a dozen. Ive even seen sales for cheaper eggs .50 and less at Aldi for example.

I was just curious what's a normal price of a dozen of eggs (or however you buy them) in your country/area.

Canucks, followed by Brits, followed by Euros seem to be progressivley more and more shocked at how cheap things cost in the US from my experience.

Gas, rent...eggs etc.

Saudis however hated paying US gas prices...lol.
Habebe
Member
Wed Jul 14 12:59:49
Speaking of Aldi, they finally seem to habe got thwir act together these days, as a kid itnused to be that weird dirty store without bags.
Nekran
Member
Wed Jul 14 13:48:34
About 15-30 cents an egg around here, depending on where you get it and how "bio" you want your eggs to be.

We pay more taxes and tend to have stricter rules when it comes to what can or can't be done to food. Also less farming.

Most things are cheaper in the US compared to here, except for health care. And in my experience housing, actually. But prices are so different from place to place, both here and out there, those are hard to compare. But around here if you have a full time job, any job, you tend to be able to live comfortably in the area where you work. Least so in Brussels, but on no level like NYC or San Francisco or what have you.

Also getting a loan seems to be far more reasonable... we don't have the insane credit score nonsense and all that. I guess banking in general is probably cheaper here too, come to think of it.
Sam Adams
Member
Wed Jul 14 14:36:00
"we don't have the insane credit score nonsense and all that."

The bank checks your score and gives you a loan. Doesnt seem that crazy...

Anyway, eggs are 12c per egg here. More for hippy eggs.
Nekran
Member
Wed Jul 14 14:41:50
"The bank checks your score and gives you a loan. Doesnt seem that crazy..."

Paying off loans is bad for your credit score... not having debt is bad for your credit score. Yes, it's definitely insane to me.
Nimatzo
iChihuaha
Wed Jul 14 15:26:38
We have credit scores, but it is simply based on income and if you have had any bills end up in repossessation, also how many applications you have made for loans/credits in a certain amount of time. The amount of loans you have taken and paid has no impact on the score.
Sam Adams
Member
Wed Jul 14 15:39:26
"Paying off loans is bad for your credit score... not having debt is bad for your credit score."

Wrong.

We have paid off many loans and had no debt prior to our house purchse. Our credit scores were nearly perfect. Stop listening to incompetent journalists.
TheChildren
Member
Wed Jul 14 15:42:53
u was watchin some racist cuck.
no eggs arent expensive.
like he completely BS.
i mean it aint super cheap, but it aint expensive either. theres no shortage of eggs round da world.

as 4 da plastic eggs, complete BS. yea some people sold fake shit like fake eggs.
but u crack it open u cant make omelette out of it so it not like u cant tell da difference.

also it a long time ago and dont exist nomore. but u know internet. they keep on regurtitatin same BS stories

Forwyn
Member
Wed Jul 14 16:04:17
Cheap megafarm eggs you can get for around $1.25-1.50, $2 for 18.

Cage-free/organic are more in the $3-5 range.

I have no problem getting rid of my eggs for $3/12 or $5/24.
kargen
Member
Wed Jul 14 17:00:37
A dozen large eggs delivered to our door straight from the farm costs $1.75. Not really a farm though just a lady that has chickens and usually rabbits. I'm hoping she gets rabbits again soon.
Jumbo eggs in the store are a little less.
Pillz
Member
Wed Jul 14 18:48:01
Cheap eggs vary between 25c - 30c the egg here.

Premium ones from 40 - 55c the egg.
Rugian
Member
Wed Jul 14 19:07:49
Whole Foods eggs are like $3 a dozen.

Jeff Bezos needs dem shekels.
Sam Adams
Member
Wed Jul 14 21:32:30
At least bezos is spending it on cool shit.
nhill
Member
Wed Jul 14 22:58:06
Good eggs around here cost about 10c an egg for the Costco factory farm 60 pack, to about 60c an egg for the local pasture-raised organic soy-free Whole Foods dozen eggs.
nhill
Member
Wed Jul 14 22:59:10
"Good eggs", didn't mean that. Meant to write "crap eggs".

I drink my egg yolks raw like a real man.
Habebe
Member
Wed Jul 14 23:34:35
"Also getting a loan seems to be far more reasonable... we don't have the insane credit score nonsense and all that. I guess banking in general is probably cheaper here too, come to think of it."

Interesting, hadnt thought of banking. Where did you try to get a loan?
Habebe
Member
Wed Jul 14 23:51:14
"paying off loans is bad for your credit score... not having debt is bad for your credit score. Yes, it's definitely insane to me."

This aspect while it can be technically true is blown put pf proportion.

1. Many places are using alternative methods than just your credit score ( you actually have 3)

2. So the paying off debts lowers ypur score bit isn't what its made out to be. This does happen, but its not enough to effect a loan, it's almost always a very minor change in score that is short lived.

Its because the age of an account gets rolled into an average. Basically if you have paid all your debts on time for two months, you will have a lower score than someone who may have missed 1 or two but has been handling their accounts well for 10 years, which makes sense.

Not having debt just meant to a loam officer that they had little to nothing know how you are at paying back money, More and more these days other things get reported, and a co-signer fixes that.

Anyway these are rare minor fluctuations that usually have minimal effect on anything.
Habebe
Member
Wed Jul 14 23:55:54
Hippy eggs are actually anywhere from 2.50-$4.00 Ish.

At easter I bought a bunch of these organic free range eggs fed a diet of marigolds. Marigolds.fed chickens make DELICIOUS eggs. Free range/organic dont usually make a taste difference, but corn to marigolds fed does.

nhill
Member
Thu Jul 15 00:07:16
You have way more than three credit scores. There’s three credit reporting agencies, but dozens of different scores based on the algorithm used. And I don’t even mean Vantage 12/3 vs Fico 1/2/3/4/5/6/7/8/9 (which are calculated against each agency separately). Fico itself has variations, such as an auto score vs bank score.

It’s insanely complicated.

Ultimately it’s fair as long as you don’t fuck up for a while. Once you fuck up and get a collection you are screwed for 7 years (on average). Not much leniency.

But that ends up rewarding heavily people who pay their debts on time. So it’s give and take. Ideally, there would be a standard debt rehabilitation program where you could take courses/actions to clean up your score in 2 years instead of 7.

But again, it’s fair to you if you pay your debts. Just pay it.
nhill
Member
Thu Jul 15 00:11:19
Also, if you don’t have any debt you start with a lower score, but that just means your first loan or whatever will have a higher interest rate. Once you establish credit for a couple years, you get the good stuff.
nhill
Member
Thu Jul 15 00:14:07
Paying off a loan reduces your score by about 6-10 points depending on the length of the loan relative to your other lines of credit.

That’s legitimately a dumb thing. They should take the average age of the credit you managed successfully into account instead of only the open lines.

But 6-10 points rarely matters unless you are near a threshold.
earthpig
GTFO HOer
Thu Jul 15 00:18:57
"Paying off loans is bad for your credit score"

People with shitty credit never tell you the truth. They don't talk about the 2 car repos or 15 credit card lates. No, no, they walk about the little thing that's a fraction of the 10% slice of the pie. I look at credit reports multiple times per day.

I paid a car loan off before making the first payment, without worry, about a week ago. The dealership gets profit from the loan, so I bait-and-switched them after the dude spent a bunch of time haggling with me over the price, while I pretended not to notice the loan payment, term, or rate, creeping up on me. :P
Habebe
Member
Thu Jul 15 00:23:59
Nhill, Fair enough, but in regards to Nekrans complaints those issues AFAIK* are based on the three scores from the reporting agencies.
Habebe
Member
Thu Jul 15 00:25:13
And actually, we have more and more ways to obtain loans and such outside of traditional banks.
Habebe
Member
Thu Jul 15 00:25:14
And actually, we have more and more ways to obtain loans and such outside of traditional banks.
nhill
Member
Thu Jul 15 00:29:35
Reporting agencies don’t report a score in your report. That’s calculated separately with things like Vantage and Fico.

If you order your credit report, you won’t get a score. You’ll get a report.

So no, Nekran was talking about the score. But it’s a subtle distinction. These days the agencies will often give you a Vantage score, usually for an extra payment, so the lines blur a bit.

But the agencies only provide the report. Separate companies develop the scores.
Nekran
Member
Thu Jul 15 01:12:23
"We have paid off many loans and had no debt prior to our house purchse. Our credit scores were nearly perfect. Stop listening to incompetent journalists."

Doesn't come from journalists. I know several americans through my friend who moved out there. A couple of them have high paying jobs and live in fancy houses, a couple of them struggle, paying off student loans and living in tiny shared appartments.

All of them agree the credit score system is horribly stupid.
earthpig
GTFO HOer
Thu Jul 15 01:23:51
"All of them agree the credit score system is horribly stupid."

They are stupid. It's just an algorithm. Millennial Americans have zero problems if they have IQs over 70. My average client FICO score is north of 770.

Boomers are all either 800+ or 650-. They don't try to game algorithms, so in their case it is probably an accurate reflection of credit risk.
Habebe
Member
Thu Jul 15 01:45:55
Nhill, My bad, your right.
Sam Adams
Member
Thu Jul 15 05:08:29
"All of them agree the credit score system is horribly stupid."

Well, they are dumb. My credit score has always properly reflected my financial status/risk: from average as a young kid who makes good choices to very good as an established adult who makes good choices. Furthermore, every coworker i have talked to about buying homes(a very common workplace topic) has no issue with it.
Nekran
Member
Thu Jul 15 10:30:51
"Also, if you don’t have any debt you start with a lower score, but that just means your first loan or whatever will have a higher interest rate. Once you establish credit for a couple years, you get the good stuff."

This already makes my toes curl. "Sure, you get ripped off in the beginning, but that's fine" ... what kind of an attitude is that?

You should not get ripped off for interest rates at the start of your life in the US. How is anyone fine with that?
patom
Member
Thu Jul 15 10:30:54
Thanks to my wife we have a great credit score. I didn't know shit about it until I bought my truck. I went to the bank and the manager asked me what my credit rating was and I told him I had no idea. He said that's all right he would check it, which he did right then. I was over 800. I asked is that good and he said it doesn't get much better. Hell I thought because of our age it would be lower but apparently we're good to go.
I don't know what we pay for eggs as I don't do the grocery shopping.
Nekran
Member
Thu Jul 15 10:33:51
Also lol @ Sam bringing up that buying homes is a very common workplace topic in his science building :')
Sam Adams
Member
Thu Jul 15 16:58:02
Nekran, tard, it is to show the sample size is large.

"You should not get ripped off for interest rates at the start of your life in the US."

Young kids with no data points are riskier investments. Duh. How do you possibly think otherwise?
nhill
Member
Thu Jul 15 19:44:40
Nekran

To understand it, you have to understand there's one thing the USA does better than anyone else in the world:

Capitalism.

We know how to manage capital demonstrably better than any country in the world.

Part of that reason is we dispassionately allocate capital to those that have demonstrated the competency to manage it and pay it back.

The business owner in his 30s-40s is able to get fantastically low rates precisely because the people just starting out & people that fucked up are paying higher rates. It keeps things humming. Pareto Distribution.

Is it fair? You tell me. Fairness is in the eye of the beholder.

Other countries distribute rates more evenly and manage leverage ratios based on income. That doesn't reward the highest performers, though. Makes everyone average.
nhill
Member
Thu Jul 15 19:50:49
> Nhill, My bad, your right.

All good, my friend.
kargen
Member
Thu Jul 15 22:17:27
"You should not get ripped off for interest rates at the start of your life in the US. How is anyone fine with that?"

The alternative being they can get no loan at all.

Same premise works with increasing minimum wages. If it increases much the inexperienced will find fewer entry level jobs.

4-H was good for my credit score. Starting at age eleven I was able to get a loan from the local bank to buy a steer. Had to have a co-signer for the first few but still got me started on having a credit history because I was the one that paid the loan off.
nhill
Member
Fri Jul 16 01:41:18
> The alternative being they can get no loan at all.

Not true. What would happen (and does in almost all countries other than the USA) is everyone pays an interest rate on their loan that compensates for aggregate risk.

In other words, those starting would pay a similar interest rate to people that have been meeting payments consistently for decades. But that interest rate would be high relative to a person that manages their credit responsibly in the USA.

If you're responsible and pay credit on time, the USA is the best place in the world to access capital.

That's a plain and simple fact, not opinion.

If you're just starting out or you have issues with consistent payments, everywhere else in the world is better for you to access capital than the USA.

Anyone see why we have the best economy yet?
kargen
Member
Fri Jul 16 01:53:46
"What would happen (and does in almost all countries other than the USA) is everyone pays an interest rate on their loan that compensates for aggregate risk."

What works in other countries works because they already have that in place. Wouldn't work here because it would involve taking something away from a large portion of the population.
nhill
Member
Fri Jul 16 02:02:46
It would work here, but we'd lose a competitive advantage in the global economy.

Our economic ecosystem attracts people that are best as managing their capital.

Hence we are the world power in the global economy.

Yeah, we fuck over young people and people that went through hard times to get to be the world power. Obviously. You pay the price to be the best.
nhill
Member
Fri Jul 16 02:03:29
> Our economic ecosystem attracts people that are best as managing their capital.

Should read:

Our economic ecosystem attracts people that are the best at managing their capital.
Nekran
Member
Fri Jul 16 03:20:26
"Young kids with no data points are riskier investments. Duh. How do you possibly think otherwise?"

And so the sollution for this risk is... to make it even riskier? Sounds super smart! There definitely wasn't any reason for the housing crisis to happen in the US, that's for sure.

I have an interest rate of 0.94% atm (it's variable, started at 1.05, gets adjusted yearly in accordance with the national interest rate, can maximally become 2.11 and minimally 0) on my first loan for my house. A rate I find reasonable.

And mind you they do look at your income and how long you've held your job and all that... it's not that everyone gets the exact same fair rate. It's still banks. And you do have to shop around a bit.

But our system at least isn't designed to keep people permanently in debt.
Nekran
Member
Fri Jul 16 03:25:39
"Yeah, we fuck over young people and people that went through hard times to get to be the world power. Obviously. You pay the price to be the best."

In my view, that price automatically excludes you from being the best. That is obviously a shitty system. I do assume you meant "the most powerful" though. Which gets you... what exactly?
nhill
Member
Fri Jul 16 04:02:51
I said we are the best at managing capital. That's numbers, not opinions.

> Which gets you... what exactly?

We aggregate more capital than any other country in the world. You tell me.

I'm not saying whether it's a good or bad thing. Who cares. You may not be familiar with me, as I've been gone for about 12 years, but I prefer Reality to Truth.

The right-wingers on here will say it's proof of how great the USA is, and the left-wingers will say it's proof of how unfair it is.

I'm the one telling you what it is. We have more capital than your country because we are better at managing it.
kargen
Member
Fri Jul 16 17:43:05
I don't see it as fucking over young people. It fucks over people that try to live outside their means. It isn't hard to build good credit very early in life. Long before you would need to take out a large loan. Like just about anything else you get out what you put in.

What others have is basically a system that punishes everyone except the fuck-ups. Our system punishes the fuck-ups.
nhill
Member
Fri Jul 16 17:46:54
I agree with all that.
Sam Adams
Member
Fri Jul 16 18:25:22
"And so the sollution for this risk is... to make it even riskier?"

Giving loans to risky people is exactly how the last housing bubble popped.

Giving loans to less risky people... reduces risk.
jergul
large member
Fri Jul 16 21:35:50
If you mean per capita, then I have to say. Wanna bet?

"We have more capital than your country because we are better at managing it."

The Norwegian Sovereign Fund alone has more net equity per capita than the median American owns.

The truth is that the US can leverage its position as a reserve currency to rack up massive debts, transfer that money to Americans through various mechanisms, and not implode.
jergul
large member
Fri Jul 16 21:50:57
http://www.federalreserve.gov/releases/z1/20210610/z1.pdf

The macro bible. For those who like stuff like that.
Sam Adams
Member
Fri Jul 16 23:33:27
Norway is tiny. If we wamt to compare like units, lets compare your gdp with you say, seattle.

You lose.
earthpig
GTFO HOer
Sat Jul 17 01:56:35
Um, no.

Higher rates for younger / higher risk people doesn't lead to more risk.

It leads to LESS risk, because they can borrow less and make less stupid mistakes. The rate drives the payment higher, and thus the buying power down. As it should be.

Want a BMW? Try a Ford first, don't crash it, and then we'll talk.
Nekran
Member
Sat Jul 17 02:01:36
You understand you can loan them less without ripping them off, right?
kargen
Member
Sat Jul 17 02:14:12
Higher rates for people with no credit history isn't ripping them off any more than making a new employee with no experience work the fry machine instead of starting them off as the shift manager.

You work your way up.
Nimatzo
iChihuaha
Sat Jul 17 05:57:33
So, does the USA have lower repossession rates then? Seems like a good and discrete unit of measure.
Sam Adams
Member
Sat Jul 17 12:01:51
"You work your way up."

The fact that nekran doesnt understand this amazes me.
nhill
Member
Sat Jul 17 12:17:42
You don't even have to work your way up. You just have to find someone to co-sign the risk with you.
nhill
Member
Sat Jul 17 12:21:13
jergul

I didn't mean per capita, but thank you for the reading material.
nhill
Member
Sat Jul 17 12:28:42
Only the top 1% matter when you're comparing the management of capital between countries. They're the ones that manage it.

The US Dollar being the reserve currency of the world is merely a side effect of us attracting the best of the best when it comes to capitalism.

Not saying I support it one way or another. Frankly, I don't care.
jergul
large member
Sat Jul 17 13:41:13
Sammy
http://en....es_and_sovereign_states_by_GDP
Sam Adams
Member
Sat Jul 17 17:56:46
indeed jergul. You would be a decent part of the US, but not in the top tier.

You are much better than places like alabama/the UK though.
Sam Adams
Member
Sat Jul 17 17:58:19
"You just have to find someone to co-sign the risk with you."

And on top of that, credit score barely matters until you get a home mortgage. Irrelevant for kids starting out.
kargen
Member
Sat Jul 17 18:21:00
Beyond getting someone to co-sign you can also attach a debit card to your checking account. Don't have to use it just having it helps. The debit card will let you get a credit card. The credit card you do want to use but only for gas, groceries things like that so you can pay it in full every month.
jergul
large member
Sat Jul 17 23:50:45
Sammy
You forgot the reserve currency boost. Add 30-40%. So ranked just behind North Carolina with half its population. + 1.3 trillion dollars in the State Sovereign Fund.
Habebe
Member
Sun Jul 18 03:22:23
In all fairness, some of the best oil per capita ratios in history, plus having the defense of itself and neighbors subsidized helps.

Even the location, Id imagine Norway has sold a lot of its oil much closer to home than say SA or Iran.

I mean a tight knit nation of 5 million with oodles of oil, surrounded by wealthy importers of oil who pay very little for defense, they SHOULD be wealthy.
Habebe
Member
Sun Jul 18 03:25:04
And again, I applaud their use of the oil revenues, they handled the money well, but, Norway wouldnt be anything special if they didn't strike a large* source of oil for a small population.
jergul
large member
Sun Jul 18 09:41:43
habebe
Wow, you just toss brain farts together to make those stupid salads, don't you?

Habebe
Member
Sun Jul 18 10:21:15
Not sure why you get salty when ever people mention that Norway is rich because they struck oil, literally. For a nation of 5 million, a fuck ton of oil.
jergul
large member
Sun Jul 18 11:29:55
Habebe
This is what you did.

The US is only great because it was discovered by an Italian, stole European patents and there are bank vaults made in Switzerland. Also the Grand Canyon and bald eagles.
nhill
Member
Sun Jul 18 11:32:11
I can get behind that last sentence. Grand Canyon and bald eagles are fucking awesome.
jergul
large member
Sun Jul 18 11:34:42
B. Franklin hated the eagle with a passion. He wanted the turkey to be the national bird.



nhill
Member
Sun Jul 18 11:35:01
And our National Park system is truly a wonder of the modern world. I haven’t seen anything come close. What’s the closest equivalent in Europe?
nhill
Member
Sun Jul 18 11:35:34
Screw Franklin. Dude always rubbed me the wrong way.
jergul
large member
Sun Jul 18 12:02:21
The closest equivalent is our National Park system
nhill
Member
Sun Jul 18 12:08:37
Ha. I mean which European country has the one closest to ours in scope? Obviously none since we have such a massive land mass.
nhill
Member
Sun Jul 18 12:09:46
USA has around 85 million acres of protected national parks, all of them truly marvels to behold.
Habebe
Member
Sun Jul 18 13:03:43
Jergul, Your discussing the wealth of Norway, the largest individual factor to its position above its neighbors is because of of petrol similar to Saudi Arabia.

Its really that simple.I know you wish it wasnt so, and that their government intervention was the primary factor, but a small population has a lot of petrol, simplicity.

I wonder what total oil revenue from.1970 to now would be? Per capita?
jergul
large member
Sun Jul 18 13:18:53
Habebe
Like Alaska say? What has happened with the sales revenue from oil and gas from there?

Oil and gas are the reasons we have an oil fund and little to no State (= your federal) debt.

The industry employs 30k directly and 70k indirectly.

Without oil? Noway would be in the same boat it is now, except with some State debt and no oil fund. Say like Denmark.

Government intervention is incidentally why such a large portion of oil and gas value end up in the state coffers.

Our system is better than yours. I know it hurts The truth often does ;)
jergul
large member
Sun Jul 18 13:35:27
Total contribution to Norway's economic activity since the early 1970s is 2 trillion today dollars. So 50% higher than than the oilfund.

We don't actually spend very much of the oil revenue. We use it to buy stocks and bonds abroad instead, so it never enters the economy.
nhill
Member
Sun Jul 18 14:00:33
Probably a lot of US Treasuries huh ;)
Habebe
Member
Sun Jul 18 14:04:58
Jergul-land is truly a strange place.

50 years of of a +20-25% boost of the GDP, yeah it's such a shock that place is a wealthy place....
jergul
large member
Sun Jul 18 17:35:16
nhill
Just 90 billion (2020)

habebe
List of admirable petro-states:

1. Norway.

Done!
Nimatzo
iChihuaha
Sun Jul 18 17:44:13
Regarding protected areas:

EU 26%
USA 12%

http://stats.oecd.org/Index.aspx?DataSetCode=PROTECTED_AREAS
Habebe
Member
Tue May 03 15:00:40
Ttt
nhill
Member
Tue May 03 17:29:01
Nim

For sure. We don't do a great job with protected areas, and that number decreases over time with lobbying for things like fracking. I was specifically talking about our national park system here, which I've toured and find quite remarkable. But I've never been to EU so take my opinion w/ a grain of salt.

From what I can tell, and sources and definitions vary widely on this so it may not be directly comparable, USA is still, by far the most extensive national park system, with over 400 national parks.

2nd place is Russia with 40.

(data via World Bank)

We do have a lot of land mass though. :)
nhill
Member
Tue May 03 17:30:15
By EU, I mean Europe, my bad.
nhill
Member
Tue May 03 17:31:47
63 of our national park areas actually have "National Park" in their name. Some source consider those the only "official" national parks in the USA, which seems fair and more comparable to Russia's 40.
nhill
Member
Tue May 03 17:35:17
That said, after looking into it more a while back (around when this thread was made last year) I was 100% wrong in my impressions about the superiority of our national park system relative to other nations. It's arguably superior to most nations but not as anomalous as I had thought.
williamthebastard
Member
Wed May 04 11:31:35
France is good at eggs, at least the south of France. All the supermarkets here have a corner for local farm produce where you pick your own eggs and put into a carton. Not sure what they cost, probably around 1,5 euro for 6.
TheChildren
Member
Wed May 04 11:36:10
this shit didnt age well.

eggs r startin 2 get expensive nowadayz...
holy shit fuck current political climate

williamthebastard
Member
Wed May 04 11:42:34
"Canucks, followed by Brits, followed by Euros seem to be progressivley more and more shocked at how cheap things cost in the US from my experience."

Medical bills, university education, medicines...
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