- 105d 21h 29m
I sold just enough CCIV at yesterday's peak to recoup my initial investment. The rest is all gravy. Maybe I should use those funds to get into PSTH because I really want to get into Lucid at the ground floor.So Twitter is abuzz with rumors that PSTH is trying to snake the LUCID deal from CCIV. lol.
Yeah, I strongly considered it as the returns on it seemed to be really strong over the last decade. I was always a bit hesitant though as I heard horror stories about bad tenants (and the answer was always to vet them strongly!).Why I wont touch real estate with a 10 foot pole. LA Times finally asking the important question.
Millions of Americans, especially low-income tenants, are accumulating debt amid the COVID-19 pandemic, threatening to create a downward financial spiral.www.latimes.com
Oh, for sure. I've posted about it before, but I'm hoping the timing on my CA to FL move works out. Hopefully selling our house in CA in the next 2 months before things fall to shit, and buying in FL in 6-12 months after shit has crashed.Lot of money to be made in train wrecks.
Just get there after the wreck, don't want to be in it.
Smalltime landlords are going to get eaten up by big REITS groups who can absorb the costs.
I wouldnt buy PSTH at this price. Think of it like a normal SPAC x2 so this is equal to a SPAC at $14.50 a share without a target. It seems to have good support at $25. Maybe wait for the next dip down to that level.I sold just enough CCIV at yesterday's peak to recoup my initial investment. The rest is all gravy. Maybe I should use those funds to get into PSTH because I really want to get into Lucid at the ground floor.
God damn. Now that is some serious bag holding shit. If you're a racist... I mean someone who owns property and leases it out.
Talk about a sit sandwich.
- Rent moratorium ends March 31 but Eviction Moratorium ends June 30. So those people won't be trying to pay shit. I heard you like giving free shit away for years?
- State forcing landlords to take $2k stimulus checks and just call it quits if tenant is broke enough or something.
- State will pay, maybe 80% of unpaid rents and you need to eat the remaining 20%
- Illegal to even take into account evictions OR rental debt from the "Pandemic Period"
- Literal armies of pro bono housing lawyers defending people who don't pay shit ever.