@Seanfrank @PresidentToguro If houses were cheaper more people would have discretionary income to spend on wallets. You should root for real estate to go to zero
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Sergiu Stan
1.1K posts
@PresidentToguro Remember 2008? That’s what happens when housing prices go down
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In America, it's considered a disaster if housing prices don't keep going up and becomes affordable for regular people
Hedgeye@Hedgeye
🚨 China's Real Estate Market has erased all gains from the last 20 years
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@shawngorham It almost seems like starting companies, scaling and selling them to PE to bankrupt afterwards, and repeat - is the real life infinite money glitch
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Can you name a $100 mm ++ kitchen and bath remodeler?
In my area we had one called Reborn, sold to PE who BK'd them.
Curious who the examples are.
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@ThinkAppraiser If they barely got 50-60k down and both work in medical field... that's a skill issue
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Story time: did a job today for a young couple refinancing their house in OC
They paid $1.1M 2 years ago only putting down 5% on the loan
They’re refinancing to get rid of PMI
Which will save them over $1000/month off their payment
Both husband and wife work full time to barely cover the mortgage
Both are in the medical field and make good money
They had zero family help and were competing against all cash offers and 50% down payments from other buyer’s family members
They finally got an offer accepted after months of looking and battling many other buyers
Loan officer said you can afford the payments but the down payment is your challenge, so they decided to only put down 5%
Their down payment came from being early in Tesla stock and early in Bitcoin
They’re stressed out like crazy and can’t believe this is what it takes just to own a home without any help from family.
So to recap: They needed to hit the lotto with Tesla and Bitcoin to have enough to put down 5% on the cheapest house in the area to get the pleasure of having a $9,300/mortgage PITI
HOLY MOLY 😮💨
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@paulswaney3 I think he made close to 1/2 million if its the same case
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He probably made like 50$
I had to dink an analyst’s bonus in 2020 by 25% for not clearing a trade
He bought 1/2 a share of something
I didn’t know that was a thing before getting yanked into a compliance meeting
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@IterIntellectus please share that with all "market efficiency theory" lovers
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why would anyone even press blue?!?
Tim Urban@waitbutwhy
Everyone in the world has to take a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press?
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Pretend for a moment this is true.
What comes after China?
Lots of interesting possible answers:
- race blobbed Europe
- North America
- India
- Africa
- nothing
- robots
Only Bryan Johnson will be able to see it.
He may even be this new hegemon’s god.
Kyla Scanlon@kylascan
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@MatthewChang I think these are in use for over a decade now, esp in Rotterdam, but with a worse design
vdlautomatedvehicles.com/en/cases/port-…
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I'm not sure what's going to happen with this, but I wanted to give it a try.
Businesses will take our money or take our products and never pay.
And they'll continue to operate their businesses.
They're not declaring bankruptcy.
You pester them for months and they'll tell you "check's in the mail" or ignore you.
You leave reviews on their google maps accounts and they'll have them removed or bury them somehow.
What I noticed is that AI will pick up what you write about people, especially if you have good SEO.
We don't casually or impatiently put these people on our wall of shame.
But if we don't say something, they'll just keep on defrauding their other vendors.
And it's not fair to our customer who do pay their bills and conduct themselves with integrity.
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Taps sign
Jason Applebaum@Jason______A
Whenever I see things like these I assume it’s rage bait but then I remember how stupid the average American is and I understand why @DaveRamsey is so wealthy. Imagine paying down a 3.75% mortgage. The bank jumped for joy. They prob had a board meeting to party after seeing that $260k gift.
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@paulswaney3 > Any website .mobi > to .pdf
> List pdf on gumroad.com for same money
> you get to keep more cause gumroad only takes like %10, iirc amazon takes ~30%
> profit
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@DrewPavlou Nuclear power plants first > cheaper desalination > green outback
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@calvinfroedge How about the math on mb/d for non-OPEC vs OPEC in 2026, compared to 1980s? Given the chart is about OPEC. I think non-OPEC went from ~30-35mb/d in 1980s to >70 now.
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People need to stop dooming and accept that the economy we have now is the greatest we've ever seen
Hedgeye@Hedgeye
OPEC crude production collapsed by 7.88 million barrels a day in March. This marks the steepest drop in data going back to the 1980s.
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@blueprintsmb22 @thepunditoor I think the recession is already underway, the official gov numbers are just not transparent
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Retail investors who blindly added to stocks 4 weeks ago despite not doing the math of how long it would take for oil supply chain to get back to normal which would imply a $150-200 oil price and no doubt push the global economy into a recession
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Can someone send me the list of low stress jobs with high salaries?
Andrew Lokenauth | TheFinanceNewsletter.com@FluentInFinance
A 9-5 job with a high salary, benefits, and PTO is better than owning a business. A low-stress job + investing can create more wealth than you think. Entrepreneurship is great, but peace, time, and freedom is more valuable than you realize.
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In case you haven't figured this out: every giant deal announcement Sam makes is completely made up
NIK@ns123abc
🚨BREAKING: OpenAI is pausing its Stargate project in the UK due to high electricity cost + regulatory environment LMAO
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@BikoKonstantin1 Im 35 just a tradie with 7 million dollar property portfolio. Ive also never been to Europe, work like a 🐕 and dont think the world owes me something. 😊
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Where do kids get the idea they should be able to afford a home after working full time for decades?
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@PawlowskiMario @RonFilipkowski @archiebell86 Those is the old list though.
I think this one below is the new negotiating starting point
Headquarters@HQNewsNow
The 10-point Iranian framework that Trump is praising and bragging about does the following: —Lifts all US sanctions on Iran —Cedes control of the Strait of Hormuz to Iran —A $2 million fee for every ship that travels the Strait —Allows Iran to establish "rules for safe passage"
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