POLITICS SCHMALITICS

[Tiger337]

Are the homes necessarily being bought by large investors? Couldn't it be a trend where smaller stock market investors who became millionaires over the past decade have decided to invest in something real?   

[chasfh]

As bad as I am at investing, I've been very lucky with my house. I bought it in 2002 in a neighborhood in the early gentrifying stage, and I was never underwater on it even in 2009-10. Close, but never quite.

Some people I know, part of that class of people trying to buy, live in and then flip a house in the city for a big profit before fleeing to the 'burbs, came in after me in 2006 or 2007 and took a big loss of as much as several thousand dollars when their escape moment arrived just after the crash.

[chasfh]

25 minutes ago, Tiger337 said:

Are the homes necessarily being bought by large investors? Couldn't it be a trend where smaller stock market investors who became millionaires over the past decade have decided to invest in something real?   

Redfin defines investor home buyers as "any institution or business that purchases residential real estate."

https://www.redfin.com/news/investor-home-purchases-q4-2021/

[gehringer_2]

the prospect of interest rates rising and P/E ratios coming down to meet them, is going to drive a lot of investors hooked on high returns into investments of questionable wisdom. Houses are expensive to carry, depreciate fast if not cared for, involve risk and overhead to rent. It's like every other investment - if you know the landscape, the local economics, the schools, stay lucky with your tenants.....

And if the Chinese are buying run for your life, as every US investment boom by the Chinese for the last 30 yrs has ended badly.

Edited February 18, 2022 by gehringer_2

[Motown Bombers]

Perhaps I can sell an NFT of my house?

[gehringer_2]

4 minutes ago, Motown Bombers said:

Perhaps I can sell an NFT of my house?

Now you're thinking!

[pfife]

I'm going to sell Archie NFTs of my posts

[oblong]

There’s a meme I’d like to post about NFT’s… whether this nice looking female has NFT’s… she says yes. 

[pfife]

 

[chasfh]

Low bar for what constituted “entertainment” in 1986.

Edited February 19, 2022 by chasfh

[pfife]

Ernest Goes to Camp was one if my favs as as kid

[CMRivdogs]

Hey Vern!

[Motown Bombers]

I can't help but think how relevant this is. 

 

[Tigeraholic1]

1 hour ago, pfife said:

Ernest Goes to Camp was one if my favs as as kid

Yes that was great! He made alot of money during his little hey day. If you get bored youtube his mellow yellow commercials.

[Tigerbomb13]

1 hour ago, pfife said:

Ernest Goes to Camp was one if my favs as as kid

I think I wore my VHS tape of this out. 

[chasfh]

Right. As a kid.

[pfife]

You seem to be suggesting that the 1986 White House Press Corp and the Reagan Whitehouse aren't kids.   I'll let you fight that battle on your own, usually agree but here we don't 😄

 

[romad1]

Earnest goes to jail was an under appreciated classic which informed The Shawshank Redemption 

[Motown Bombers]

 

[pfife]

https://www.c-span.org/presidentsurvey2021/?page=overall

C-Span's survey of historians Presidential Rankings. 

Obama cracked the top 10.   Trump in bottom 4.

[CMRivdogs]

Stay classy Trumpublicans....

 

[Mr.TaterSalad]

Fucking Nixon! LOL!

[chasfh]

10 minutes ago, pfife said:

https://www.c-span.org/presidentsurvey2021/?page=overall

C-Span's survey of historians Presidential Rankings. 

Obama cracked the top 10.   Trump in bottom 4.

George Bush Jr. up to #29 with a bullet!

[CMRivdogs]

BTW, I'm just starting to read the new book on Watergate by Garrett Graff. My wife says its good.

Graff goes a bit on the notion that part of Felt's motivation for being Deep Throat was that he was unhappy that he wasn't chosen to succeed Hoover at the FBI

[buddha]

obama is ridiculously high in that ranking.  so is grant.

polk and jackson way too low.