Tobias Maximus
35K posts
Tobias Maximus
@tmaxftw
Ex-pat. Reformed tech consultant. Markets. Gold. Housing. AI and crypto nonsense. Travel more, work less.
Katılım Ocak 2013
329 Takip Edilen2.3K Takipçiler
@NotoriousAirbnb Redfin is the worst.
Zillow is slightly better.
Realtor dot com (to their credit) usually has the full history.
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It's such bullshit that Zillow/Redfin allow owners to remove listing/price history.
This investor's been "trying" to unload this overpriced failed Airbnb for over a year now.
NotoriousAirbnb@NotoriousAirbnb
Not going so well for this San Diego Airbnb investor. Perhaps it's time to get a real job. Firas Korkis bought two houses for Airbnb in 2024. One is now for sale. The other has only 5 reviews. zillow.com/homedetails/94… airbnb.com/rooms/12946559… airbnb.com/rooms/11118906…
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@HomeLoanBill Right, so a negative jobs report means we lost existing jobs.
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@ReaperCapital “30% office tower vacancy, what do we do?”
“Build more office towers.”
“Can’t we use the empty ones over there to put servers in?”
“No”
“Ok”
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I can’t stress enough how retarded this is.
This guy may have trumped data centers in space
Irish Patriot 🇮🇪@IrishPatri0t
Apparently some dude is trying to build a replica of the twin towers in Chicago to house AI data centres and he's legitimately making progress towards it with the city planning board
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@GMillerMortgage @mortgagetruth Agreed. There are boomer demographics, low birth rate and employment reduction elements, all happening at once.
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@tmaxftw @mortgagetruth Main point . Without over half the homes at nothing or sub 3.. there is no desperation element .
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I'd say a 6.50% 30-year fixed seems like a foregone conclusion at this point. When not if...
That'd be the first time rates were that high since last summer.
Pretty sure the housing market can't handle a return to 7%, not that I think we go that high anyway.
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Tobias Maximus retweetledi
They used to delete your accounts for saying this
All day Astronomy@forallcurious
🚨: U.S. cancels mRNA vaccine development, stating it has 'more risks than benefits'.
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@HomeLoanBill You don’t think they’ll automate existing jobs? Of course they will. The jobs reports are consistently negative now, this isn’t some thought experiment.
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@tmaxftw Amazon has incorporated more automation than anyone, and they still keep hiring.
The 600,000 jobs you’re referencing has to do with new jobs, not existing jobs (per the leaked memo).
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@HomeLoanBill The 600,000 workers Bezos is about to replace moving boxes around all day don’t have a ton of transferable skills.
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@tmaxftw With each passing day I become less convinced that automation is a net job killer.
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@Polymarket Just air it. The girl can be a psycho that’s fine. Men are used to it.
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JUST IN: ABC will reportedly lose tens of millions of dollars if they can't find a way to "salvage" the Bachelorette.
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Are people still claiming billionaires create jobs or can we officially consider that lie dead?
More Perfect Union@MorePerfectUS
Jeff Bezos has begun the process of raising $100 billion for a new fund that would buy up manufacturing companies and then use AI to automate production.
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We have them.
Just don’t impound the taxes and insurance.
And put 20% down.
barney@barneyxbt
bring back $1500 mortgages
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"Olive Garden is continuing to see surging demand for its smaller-portion entrees offered at lower prices"
Darden Sales Rise, Boosted by LongHorn Steakhouse $DRI wsj.com/business/retai…
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@GMillerMortgage @mortgagetruth No idea. 10% seems fairly reasonable given AI, robotics and automation trends projected out 5-10 years.
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@tmaxftw @mortgagetruth Very small percentage but if you have 3% or nothing? File bk. Those folks all have payments below 2 k or zero so not going to happen. Or you calling for 14% unemployment
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@GMillerMortgage @mortgagetruth If you need to sell you can’t wait for rates to cooperate
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@tmaxftw @mortgagetruth A drop in rate lowers payment more than a 10% price correction. And please don’t say 40-50% correction
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Why would someone sub 3 or free and clear need to lower price. They aren’t going anywhere and that’s over half the homes. There isn’t the foreclosure or desperation that existed in 2008. That’s the difference between a crash and a minor drop in price in certain parts of the country. There are still numerous overbid regions so it sounds kinda weird
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I do this mostly for laughs and to hopefully help people interested in Big Bear make solid buying decisions. I make zero money from this.
My point is, there are SO MANY FREAKING PEAK BUYERS coming on market, refreshing stale listings and cutting prices that this is starting to feel like a part-time job just trying to keep up.
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Another seller who forgot Zillow exists. They've been trying to offload this place for two years.
Down considerably from their batshit demand of $875,000, they still insist it hasn't lost any value since buying in '21 ($625,000).
Will a buyer appear before they round trip it?
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@GMillerMortgage @mortgagetruth Home sales would continue at lower prices. That’s all.
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@mortgagetruth Nah. Existing home sales would drop to zero other than folks who owned less than 3 years
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