Sanrith Descartes
Veteran of a thousand threadban wars
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Investing General Discussion
- Thread starter Furious
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kegkilla
The Big Mod
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Mist
Eeyore Enthusiast
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Wanting to be able to afford more than a bottle of aspirin 20 years from now.
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kegkilla
The Big Mod
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If you're really as pessimistic about the covid situation as you suggest in the covid thread, I don't know why you'd invest in an index fund that's only slightly off of it's all time high at this point.
Mist
Eeyore Enthusiast
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Well, it's down over 10% from it's all time high. If it regressed towards the mean over a a few years, it would make that up and then some.
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LachiusTZ
Rogue Deathwalker Box
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Whats the current consensus on potential housing market crash?
Are we still in the lag time? Or are the % renters behind, and % home owners behind, going to just not be high enough to cause a drop in cost?
4 million + jobs, feeling cautiously optimistic about Trump, causing some doubts as to if there will be a house market crash.
Sanrith Descartes
Blazin
???
Are we still in the lag time? Or are the % renters behind, and % home owners behind, going to just not be high enough to cause a drop in cost?
4 million + jobs, feeling cautiously optimistic about Trump, causing some doubts as to if there will be a house market crash.
Sanrith Descartes
Blazin
???
Furry
WoW Office
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Housing market crash on a wide scale is probably not likely. I'm sure some areas will get hit, but most places look fine with the fact that people who aren't paying have a big window of protection because of covid relief. The commercial side of real estate is where it looks and has looked really ugly this pandemic.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Furry
WoW Office
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Manhattan was already tumbling last year. Factor in the pandemic and riots? It's just a big reminder that real estate is very regional. I bet there's some killer deals in parts of chicago and seattle too. Or as the real estate agents might put it in their ads: Lots of outdoor festivities year round!
LachiusTZ
Rogue Deathwalker Box
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Started to lose faith in a crash a few weeks ago, talked to
TJT
the other day and now I'm thinking if I can get something solid for a decent price, its almost like hedging my bet on the crash.
Including
TJT
because if I buy a house and it crashes I want everyone to know I'm going to put 100% of the blame on him.
TJT
the other day and now I'm thinking if I can get something solid for a decent price, its almost like hedging my bet on the crash.Including
TJT
because if I buy a house and it crashes I want everyone to know I'm going to put 100% of the blame on him.- 3
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Frenzied Wombat
Potato del Grande
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My sister lives in Manhattan and is trying to con me to chip in 150K to put a down payment on a property in the Hamptons. She would live in it of course, so it's not an entirely selflessly motivated investment pitch, but I am debating the potential value as an investment.
Sanrith Descartes
Veteran of a thousand threadban wars
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Not in Seattle, even in the Capital Hill area where CHOP was. In West Seattle where the main artery bridge is closed because it would break otherwise? Yeah, for sure.
Qhue
Trump's Staff
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DoorDash Is Now Worth $12.6 Billion After New $600 Million Investment
techcrunch.com
This is a systemic issue with the 'new finance' of startups and the like. Remember 'WeWork' which went from like $45B valuation to $9B pretty much overnight? You have this very very shallow pool of the uber rich who have more money than sense and they create these paper fantasies of valuation based on nothing but 'gut feel'.
Imagine bringing forward a 1950s economist and asking them to determine the value of something like WeWork. They would probably look at the balance sheet, list of total assets and liabilities, revenue projections for the next 5 years etc. What do you think they could come up with for the value of WeWork or any of these other balloon investments?
Uber reportedly agrees to acquire Postmates for $2.65 billion | TechCrunch
Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning.
techcrunch.com
This is a systemic issue with the 'new finance' of startups and the like. Remember 'WeWork' which went from like $45B valuation to $9B pretty much overnight? You have this very very shallow pool of the uber rich who have more money than sense and they create these paper fantasies of valuation based on nothing but 'gut feel'.
Imagine bringing forward a 1950s economist and asking them to determine the value of something like WeWork. They would probably look at the balance sheet, list of total assets and liabilities, revenue projections for the next 5 years etc. What do you think they could come up with for the value of WeWork or any of these other balloon investments?
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TJT
Mr. Poopybutthole
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DoorDash Is Now Worth $12.6 Billion After New $600 Million Investment
Uber reportedly agrees to acquire Postmates for $2.65 billion | TechCrunch
Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning.
This is a systemic issue with the 'new finance' of startups and the like. Remember 'WeWork' which went from like $45B valuation to $9B pretty much overnight? You have this very very shallow pool of the uber rich who have more money than sense and they create these paper fantasies of valuation based on nothing but 'gut feel'.
Imagine bringing forward a 1950s economist and asking them to determine the value of something like WeWork. They would probably look at the balance sheet, list of total assets and liabilities, revenue projections for the next 5 years etc. What do you think they could come up with for the value of WeWork or any of these other balloon investments?
Pressure creates value and nothing else matters.
Sanrith Descartes
Veteran of a thousand threadban wars
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In other news TSLA up another 6% pre-market and SHLL up 7% pre-market.
Elon tweeted about carrying a new line of "short shorts" with the word S3XY across the ass in tribute to all the shorts getting destroyed.
Elon tweeted about carrying a new line of "short shorts" with the word S3XY across the ass in tribute to all the shorts getting destroyed.
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iannis
Musty Nester
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What timescale? 5 years. I'd consider that a high risk. It's possible (not likely, but possible) that you'll just lose your shit. I've got a feeling that New York governance is in for a tumultous few cycles.
20 years? Yeah, you'll make money. But will you make more money than if you invested otherwise?
I dunno, but I doubt it. Of course your sisters gets a house in the meantime so there is that. That's not trivial, either.
Sanrith Descartes
Veteran of a thousand threadban wars
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I'm no expert on the south fork, but I understand there are different levels of rich out in the different Hamptons and Montauk. So geographic specifics will come into play. I dont know if you are familiar with NY real estate taxes but I would check into them and remember that the SALT changes from 2017 cap deductions at 10k. This means you will be setting fire to a ton of cash in property taxes. I think
Blazin
hails from out east and can shed more light on the subject.
Sanrith Descartes
Veteran of a thousand threadban wars
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