discussion comment
a year ago
Experienced, long term RE investors can do well.
Unfortunately, there are always a group of new RE investors who think home prices and rents can only go up. They leverage their investment and are financially unprepared for the occasional correction.
The Philadelphia Fed study suggests that a significant percent of homes are owned by this kind of unprepared investor. Bad for them. Bad for the housing market.
discussion comment
a year ago
“Vivek represents a kind of conservatism for the future: he believes in individual responsibility, he believes in freedom, he believes in entrepreneurship. He actually embodies many of the things that makes America the greatest country in the world.
I have to think if I were Donald Trump I would be watching this guy very, very closely.”
Nigel Farage
discussion comment
a year ago
Homeowners won’t sell because they have 3% mortgages. The only people selling are those who don’t need to buy a replacement for various reasons ( e.g. investor owned ).
The only people buying are those with high incomes who are desperate to buy ( e.g. moving a family to a new city ).
It’s a game of chicken. If all the AirBnB, investor owned, and vacation homes were to suddenly hit the market, prices would fall dramatically. Otherwise, it’s going to take interest rates coming down, whenever that might be.
That’s why the number of homes that aren’t owned by the primary resident are key to what happens next.
discussion comment
a year ago
In 2008, it took 2 years to hit bottom. We have at least one more year, maybe two, before we hit bottom.
discussion comment
a year ago
The problems are city by city, even by neighborhood. It is worst in outlying areas of the cities that were hot spots during CoVid. Austin is getting killed. Dayton, Ohio not so much.
discussion comment
a year ago
The number of Airbnb homes has doubled over the last year. A lot of people thought it was a quick and easy way to build wealth. Perhaps as a result of this, the average revenue for an Airbnb rental has been cut in half, meaning they are having a tough time covering their expenses.
So, a lot of these homes are now being offered as long term rentals and are still sitting empty.
discussion comment
a year ago
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rickthelionStraight outta tha NC, comin' atcha with an AK ready to steal your daughter. ROAR!!!
Pretty much everything the left claimed was a phony conspiracy theory over the last 6 years has been shown to be true. Nothing surprises me these days.
I think the elite in academia, media, tech, and government is widely corrupt and the only solution is to tear it all down and start over again.
discussion comment
a year ago
It will be nuclear in the sense that home values will plunge, homeowner equity will be wiped out, and banks will lose billions. But, yes, a lot of people will finally be able to purchase a home.
discussion comment
a year ago
The funny business that may have stolen the 2020 election took place in a handful of blue cities.
When improprieties were suspected before the election, the legal argument was that no harm had taken place yet. When improprieties were suspected after the election, the “ election denier” label became a weapon to shut down investigations.
In Phoenix, it took a couple years to uncover what really happened. The law mandates that signatures on mail in ballots be matched against drivers licenses. Instead, over 100,000 ballots had zero signature checking. Nearly all had no signature or just a squiggled line. Biden won by 10,000 votes in Arizona.
The only way Biden will be defeated in 2024 is if measures are taken in these half dozen cities to prevent wide scale fraud.
discussion comment
a year ago
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ilbbaicnlKeep it in my pants when I do OTC. If I were a stripper it would stand for I like big bucks and I can not lie.
I like the way the British describe certain activities in an understated way. She’s animated.
When a politician is drunk in public ( which happens often in the UK ), they use the code words tired and emotional to avoid a lawsuit.
discussion comment
a year ago
I’m glad I visited Tijuana and HK once.. It now becomes another Juarez. Too sketchy for most people. I know I’m never going back.
discussion comment
a year ago
“A popular vision for how to restore unity: move back to “the middle.” I reject that. We won’t deliver national unity by standing in the proverbial “middle,” singing kumbaya and compromising. That’s the wrong approach: America’s founding ideals are inherently extreme. We’ll restore unity by reviving a shared commitment to those ideals, without compromise & without apology.“
Vivek Ramaswamy
discussion comment
a year ago
Most people on this forum got the same expensive education that you got. I’ll bet you never make the same mistake again.
Next time, you’ll make a smarter choice.
discussion comment
a year ago
“A federal judge issued a ruling ordering Donald Trump to respond to a protective order filed by the Justice Department that would block the former president from sharing details of evidence from his Jan. 6 criminal case proceedings.”
It wouldn’t surprise me if the Judge uses this as an excuse to put Trump in jail until the trial ( next year ).
discussion comment
a year ago
The latest news is that Jack Smith apparently withheld evidence from the Trump attorneys. Often, that would result in charges being dismissed. We’ll see.
discussion comment
a year ago
Pull 50,000 troops from Europe and the Middle East and put them on the border. Shut down human and drug trafficking. Use signals intelligence to locate cartel leaders and work with Mexican Federales to take them out.
Problem solved.
discussion comment
a year ago
The Capitol police force is fiercely controlling of security at the Capitol. The President has no control over that. At the time, the police reported to Nancy Pelosi.
Trump offered them 10,000 national guard for 1/6 and Pelosi turned him down.
What do you mean “ what he did after 1/6 rioting starting “ ?
discussion comment
a year ago
Hypocrisy alert:
“The United States strongly condemns Russia’s conviction of opposition leader Aleksey Navalny on politically motivated charges. The Kremlin cannot silence the truth. Navalny should be released.”
Secretary Anthony Blinken
discussion comment
a year ago
Eight obvious signs that Joe Biden is innocent
https://babylonbee.com/news/8-obvious-signs-biden-is-innocent-of-any-wrongdoing
discussion comment
a year ago
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PutaTesterWest Coast. He who dies with the most memories wins.
Turn out the lights, the party’s over.
discussion comment
a year ago
None of the millions of soldiers and sailors in the Chinese military have ever been in combat, except for some skirmishes with India and Vietnam. Much of the military is an internal security force.
China has never executed an amphibious assault like what would be required for Taiwan. Additionally, the most competent military leaders have been purged under Xi.
Taiwan has been preparing for decades for a Chinese assault. They have billions of dollars of weaponry specifically for fending off an amphibious attack.
Conquering Taiwan would be orders of magnitude more difficult than conquering Ukraine was for the Russians.
discussion comment
a year ago
The blockade would take place in the Arabian Sea and the Indian Ocean. All of China’s oil and most of its food imports come through there.
Most of China’s Navy is really a coast guard with smaller ships and limited range. They can patrol the South China Sea but are useless in deep water far from their base.
We could impose a blockade with a relatively small naval presence far from China’s reach.
discussion comment
a year ago
“ A death rattle of any democracy is when a sitting president uses the state security apparatus to go after political opponents and cover up lies and crimes committed by himself or his family. Biden is doing that now. His actions make it clear he believes himself to be not the enforcer of the rule of law but the exception to it“
Tulsi Gabbard
discussion comment
a year ago
For those who have seen Vivek in a challenging interview, imagine him debating Kamala, or Joe for that matter. Hilarity would ensue.
discussion comment
a year ago
Kaplan survey has Vivek tied for second, which satisfies my statement that some polls have him second. You state that no credible ( defined by you ) poll has him second. That’s a bit of circular logic. Any poll that shows him second is therefore not credible, according to you.
My point is, Vivek is rising in the polls and is doing surprisingly well for a 37 year old businessman at this stage of the race.