Tariffs...what to make of them.

Red Mosquito said:
Yes, which is why the clip is out of context.


Nope, which is why he's out of touch. He gave a shit example of small-time real estate investor. I don't think corporations should be buying up single family homes, but at some point you need to draw the line between someone who's fortunate enough to own more than one home and a large investment firm that's competing with families to buy houses.
Click to expand...
This is like a conversation my brother and I had. He thinks it's acceptable for Elon to be worth $1T. I think it makes him a greedy piece of shit. A million is nice these days, 10 million is baller, 1oo million is crazy, 1 billion you can have anything, 1 trillion....wtf.
 
Patrick said:
Do 401k plans allow significant risk funds?
Current thinking is too have a stable pool to draw from, and keep the rest at market risk.
The idea is that you don't draw on a fund when it is down
Click to expand...
I wonder how long the s&p works fo. At some point the dollar must bottom and the s&p will top. Are we there?
 
Dave Taylor said:
This is like a conversation my brother and I had. He thinks it's acceptable for Elon to be worth $1T. I think it makes him a greedy piece of shit. A million is nice these days, 10 million is baller, 1oo million is crazy, 1 billion you can have anything, 1 trillion....wtf.
Click to expand...
$1 trillion basically gets you a #1 combo at Wendys for a year.
 
Dave Taylor said:
No, but I think the point was Blackrock should own zero homes.
Click to expand...
The govt will have a hard time regulating this. It will be like e-bikes, where they change the definition of what a "home" is. Is it OK for Blackrock to own an apartment building? What if the apartments are all ground level with space between them? What if they own an apartment building and convert it to condos? What if the housing shortage abates due to low birthrate and immigration? I think we should control the birthrate. There's already too many humans and most of them aren't that great.😛
 
SmooveP said:
The govt will have a hard time regulating this. It will be like e-bikes, where they change the definition of what a "home" is. Is it OK for Blackrock to own an apartment building? What if the apartments are all ground level with space between them? What if they own an apartment building and convert it to condos? What if the housing shortage abates due to low birthrate and immigration? I think we should control the birthrate. There's already too many humans and most of them aren't that great.😛
Click to expand...

Is it really that hard to decipher out what a freestanding single family home is? Zillow seems to have it figured out.
 
Cassinonorth said:
Is it really that hard to decipher out what a freestanding single family home is? Zillow seems to have it figured out.
Click to expand...

A statistic that I found surprising is that institutional investors only own about 3% of the single family rental homes. Approx 15% of single family homes are rentals.

I don’t think there is anything meaningful to be ‘fixed’ here. ( some localized Sunbelt metro areas have higher concentration of institutional ownership )

Reminder these companies provided a valuable service in stepping up when there were waves of foreclosures in 2008 and helped provide a bottom for those areas most impacted.

For now any time I see Trump endorsing something that had been originally put out there by Elizabeth Warren it gets two ☠️☠️ not just ☠️.

W
 
Patrick said:
Do 401k plans allow significant risk funds?
Current thinking is too have a stable pool to draw from, and keep the rest at market risk.
The idea is that you don't draw on a fund when it is down
Click to expand...
There seems to be a spread of "aggressive" to "less aggressive" fund options... and for the most part my lazy "when the market goes whacky, stare at it and do nothing" strategy has served me well over the last 20+ years. Yes, there were some big drops in 2008... 2020... and so on... but everything recovered and then some while I kept contributing (generally at the maximum amount).

And I have a fairly healthy reserve bucket so even if I had to retire now, I wouldn't have to draw from my retirement account for at least a year. Although that cash is really intended for my house renovations and other projects. I really need to stop buying more toys I don't really need...
 
Cassinonorth said:
Is it really that hard to decipher out what a freestanding single family home is? Zillow seems to have it figured out.
Click to expand...
Zillow just uses the data it gets from its data sources. I get your point that it should be easy, but is there a standard definition across all 50 states now? They have 30 days to come up with a definition. The EO itself seems to acknowledge the possibility of er, "circumvention", lol. They also have to define "large institutional investor".

www.whitehouse.gov

Stopping Wall Street from Competing with Main Street Homebuyers

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.
www.whitehouse.gov www.whitehouse.gov
 
SmooveP said:
Zillow just uses the data it gets from its data sources. I get your point that it should be easy, but is there a standard definition across all 50 states now? They have 30 days to come up with a definition. The EO itself seems to acknowledge the possibility of er, "circumvention", lol. They also have to define "large institutional investor".

www.whitehouse.gov

Stopping Wall Street from Competing with Main Street Homebuyers

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.
www.whitehouse.gov www.whitehouse.gov
Click to expand...

I have no doubt they'll keep finding loopholes around it until it becomes too cumbersome to bother for not enough money. Kinda like how in NJ you're only allowed to own 3 off premise Liquor licenses and yet there's 16 Bottle Kings.

I always felt like increasing property taxes on non primary residences was a super easy way to ensure most homes go to people who want to live in it. But the people making the laws would never go for that.
 
Carson said:
Click to expand...
I'm reallocating to 60% Long Term Treasuries. There's no reason those will lose value over the next few decades.

Oh, wait...
Cassinonorth said:
I have no doubt they'll keep finding loopholes around it until it becomes too cumbersome to bother for not enough money. Kinda like how in NJ you're only allowed to own 3 off premise Liquor licenses and yet there's 16 Bottle Kings.

I always felt like increasing property taxes on non primary residences was a super easy way to ensure most homes go to people who want to live in it. But the people making the laws would never go for that.
Click to expand...
Increased property taxes on non-primary and mandatory jury duty.
 
You must log in or register to reply here.
Back
Top Bottom