Ghost of Igloi wrote:
Wait until the next downturn.
Igy
You have been! For YEARS.
Ghost of Igloi wrote:
Wait until the next downturn.
Igy
You have been! For YEARS.
Ghost of Igloi wrote:
In my view that is what you get when politicians refuse to deal with the real issues.
Much like a Financial Advisor who's ego gets in the way and they refuse to change course at the expense of their clients.
Bad trade news re: China.
Futures: up!
This medium-term b&h is more fun than I thought. I haven’t made much, but neither have I had to put in any work beyond keeping an eye on the general pulse. I should have put in more than 3%.
There is still a lot of room for further inflation. Think about another asset class, RE. Really, what normal house is worth a million bucks? None. What POS is worth the 400k people are getting? None. Crack shack 250k? Well, that’s a business expense?
LOTS of headroom left.
Maserati wrote:
There is still a lot of room for further inflation. Think about another asset class, RE. Really, what normal house is worth a million bucks? None. What POS is worth the 400k people are getting? None. Crack shack 250k? Well, that’s a business expense?
LOTS of headroom left.
It's depressing for young people like me who want to buy a house. Meanwhile median rent prices are skyrocketing making it harder to save for a 20% down payment, and if you don't have 20% down then good luck getting approved. Thanks to all the boomers who ruined the real estate party in 2007 by thinking they could get rich quick by flipping houses so now banks won't give a loan to anyone with a credit score under 800 and a ten figure income (dipsh!t small time landlords and house flippers are now seen as the primary leading cause of the housing bubble collapse by the way; tens of thousands of them walked away from houses they couldn't sell and let the bank foreclose since it wasn't their primary residence anyways).
What was I saying? Oh yeah, inflation. And boomers. They suck too
And also, #ForgiveAllStudentLoanDebt!
I hear you, and RE is bs. It’s still speculation fueled by free money, and inflation to look better on the books. Regulation is the problem, not the solution, for affordable housing.
Here 350sqft studio apartments have just been approved, and everybody thinks it’s revolutionary. Meantime that’s been a decent size forever in europe and other parts of the world.
I am in a downtown, and rents and prices are ridiculous. No young person who actually has to work for a living lives here, save for a few who get a roommate and spend all their money.
We are getting ready to rent a 400sqft studio, and I am tempted to try to find someone young who is doing something I find interesting and not for money, and give them a huge break on rent.
But by the same token, nobody now has the nads to strike out on their own and make their own life—they are really immersed in, and totally dependent upon, society.
Agree that boomers suck, I am directly in their shadow. I hope I live long enough to see the day when they are all gone and I’m still around.
Student loans: if a rebate is to be given, the amount should be figured out and apportioned over anybody living who has or has ever had a student loan, or anybody paying off a loan for someone who may be deceased, if the loan survived.
University should all be free, but admission standards should skyrocket, and student bodies should be drastically reduced, maybe to even 2-5% of what they are now, and courses of study should have some abstract benefit to society.
Things that offer prospective and relatively certain personal commercial gain should be at college, and students, employers, or business should pay, and apprenticeships should be integrated.
I include self-governing professions in the latter category...law, medicine, dentistry, accounting, etc.
In general, that is.
Trump blathering...markets up.
Interesting how you don’t see your daily speculation in the stock market as doing exactly the same thing. You still haven’t figured out the root cause is lots of cheap money below market rates producing hot potatoes in most asset classes. So you are part of the problem.
Come on man, they're called speculative markets for a reason. I'm not part of the problem, I'm a bottom feeder trying to pick up what the sharks leave behind and it's not much but it's better than sitting around betting all the sharks are gonna die soon and then I'll have tons of available food all for me.
I just made that analogy of the top of my head, pretty good I think.
Come on man, you’re know different than the house flippers, just less sweat equity. Driving up asset prices unnecessarily.
Ghost of Igloi wrote:
Come on man, you’re know different than the house flippers, just less sweat equity. Driving up asset prices unnecessarily.
Yeah well if you can't beat 'em, join 'em
Racket wrote:
Ghost of Igloi wrote:
Come on man, you’re know different than the house flippers, just less sweat equity. Driving up asset prices unnecessarily.
Yeah well if you can't beat 'em, join 'em
Well, we know that will never happen.
Ghost of Igloi wrote:
Come on man, you’re know different than the house flippers, just less sweat equity. Driving up asset prices unnecessarily.
Are not higher prices the whole point for those holding equities?
Another experience in which Igy won’t share.
I am buying today because my megacap b&h killed it this week. Fortunately there will only be 2 people because everyone is taking off for the weekend!
Dividends used to be the point of equities, for “investors”.
And don’t worry Racket, Igy is just as much a part of “the problem”, as he owns a house. And no Igy it doesn’t matter that you haven’t yet realized the gain. Also, Igy owns and has owned equities.
What a week, and I did nothing. I mean I did absolutely nothing market-related today. How disquieting.
Maserati wrote:
Also, Igy owns and has owned equities.
Not since 2011 if he's followed his own assessment of market performance.
mister wrote:
Maserati wrote:
Also, Igy owns and has owned equities.
Not since 2011 if he's followed his own assessment of market performance.
He has admitted to this, but also admits it is a fund so he is trusting someone else to pick the stocks for him. Given his record, that is probably a good idea.
^SCIIG
Dert wrote:
Ghost of Igloi wrote:
Come on man, you’re know different than the house flippers, just less sweat equity. Driving up asset prices unnecessarily.
Are not higher prices the whole point for those holding equities?
Sure, but bubbles in housing and stocks are not good for markets long term. That is a lesson that has been forgotten since the Technology and Housing Bubbles. You are very wrong if you believe this era is any different.
Ghost of Igloi wrote:
^SCIIG
Nope. Just another of your creepy fantasies about me.
Ghost of Igloi wrote:
^SCIIG
C’mon, Igy. You can’t accuse everybody of being me. I’ve admitted when you got me before, but now you’re just taking pot shots at everybody to try to draw me out.
I’ll say this: there are two left that you have yet to get. One you probably never will as I’ve played that one brilliantly, if I do say so myself. But I’m reluctant to admit to anything further at this point given that you are just wildly shooting in the dark. Maybe I’ll change my mind, but you have to show some discretion.