https://www.gofundme.com/f/help-save-our-family-after-a-horrific-incident
- 65
- 87
Top Poster of the Day:
kaamrev
Current Registered Users: 26,351
BROWSE EFFORTPOSTS
SITE GUIDE
HOLES
PING GROUPS
Live commit: d323d3c
Jump in the discussion.
No email address required.
Yes, if I was a gamblin man, I could have but I am not. However, the "buy the dip people" are more annoying when they know you have the money to gamble and make it sound like you can't lose. Im an r-slur but they are angry I just sat on some cash for a specific reason other than gambling. I don't live on shoulda woulda couldas.
If we want to get technical, I could say I'm investing in real estate by building something new with the chance that it'll go up in the next couple of years, but I don't plan to sell anytime soon. I'll sit in this house for 10 years probs and enjoy myself.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
This is some Max level poor people thinking. Also, we're in a 2008 level real estate bubble with lumber and construction supply prices through the roof. Don't expect to sell this house for more than you paid in the next decade.
Jump in the discussion.
No email address required.
Sure sure. I'm poor of course no frickin way the house will go up in cost. lmao
I'll sip my martinis by the pool crying about my regrets I'm sure.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
I'm not saying you're poor. I'm saying you have the behaviors and habits of a poor person. And I'm sure you'll be able to drink by your pool, I'm just giving you very good advice not to count on the price of your house going up.
Housing prices being high is mostly coming from the 0% fed interest rate driving low loan interest, driving housing purchases. They announced already that they'll be increasing the fed interest rate throughout this year which will definitely drop the demand for housing purchases.
Jump in the discussion.
No email address required.
I won't argue that there is a bubble. There was a bubble when I bought back in 2007 and I stayed there for about 10 years.
I've watched too many people go absolutely broke with tens of thousands of dollars in debt over "investing." People on the internet always show their gains but never their losses and never seem to get anywhere. If I invest, it'll be with an adviser not taking advice anywhere else. Also, I dislike debt and one thing that hit my credit score during pre qualification is that I have no debt. People in their 20s are pushed so hard to go into debt and invest and whatnot and then do shit like the OP.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
These are poor people tenancies. Go look at the history of the last 50 years of the stock market. There is no period of long term losses. The people that lost money on stocks were doing short term very high risk trades. You should already be investing in a diversified portfolio. As for debt, if the stock market averages 10% gains per year and you could get a loan for 5% for year then paying cash is the same as you losing 5% interest on that cash for the hypothetical duration of that loan.
If you bought a house in 08 then you should already have a very significant retirement fund going. If you're getting a super low interest rate now for this house then you should be making the absolute smallest down payment possible and investing the money.
Jump in the discussion.
No email address required.
I actually did decide to go with only 10% down on the house. My initial thought was 20% because I thought PMI was very high (like $500) but it's nowhere near that.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
Good choices, but i get it I'm some random person on the internet. It sounds like you have decent amounts of money, I'd talk to a financial consultant of some type and get good real advice tailored for your situation.
I had to learn all this stuff the hard way and it hurts watching other people making the same mistakes i was.
Jump in the discussion.
No email address required.
Thanks, man. An advisor is definitely in my horizon and I will remember your advice for sure. :-)
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
Housing prices at up because home building rates in the 2010s were the lowest it was ever in America for the last 50 years. It will take decades to build enough houses to start to meet demand. Add in strict sfh laws, and people making 100k+/millions from their tech RSUs that mean they can handle the home price.
This time it's different because the buying is sustained by people with money rather than the poorcels taking out loans they could never afford
Jump in the discussion.
No email address required.
They're buying houses because those very same rock bottom interest rates means that there were almost no investment opportunities other than houses, cars, and stocks. Introduce rock bottom loan rates that allow more people to buy and boom you have sky rocketing home prices.
But sure it was lack of home building a decade ago that magically started affecting home prices across the country when those interest rates dropped.
Jump in the discussion.
No email address required.
Obviously low interest rates play into it but there's more factors at play. I know it's a crazy idea to imagine a decade of record low house building could lead to limited supply and then increase demand.
Jump in the discussion.
No email address required.
Well the interests rates are about to go back to what they were and housing prices weren't very high before the interest rate drop. It might be a good bet they'll go back to similar prices from before the current spike.
It would be insane to assign a ten year trend as the cause of a sudden major spike that has other explanations.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context