- This topic has 815 replies, 23 voices, and was last updated 2 years, 5 months ago by
Coronita.
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May 12, 2022 at 7:00 PM #825542May 12, 2022 at 7:12 PM #825543CoronitaParticipant
[quote=deadzone][quote=Coronita][quote=deadzone][quote=Coronita]
Fairness has nothing to do with any of the 3 situations. Any time “fairness” comes into play, then we end up with weird government encroachment like government officials trying to forgive student loan debt….Expecting government to erase bad decisions made by individuals…[/quote]I agree there should be no forgiveness for student loans. Government should stay out of the markets, do you agree with that? But unfortunately that is not what has been happening in the last 13 years. The Fed intentionally blew up a ginormous housing and asset bubble through manipulation of the bond and mortgage markets. That is the opposite of free market. And particularly since Pandemic, any gains that were made in RE or stock values were ill gotten, and are in the course of being reversed. But since they were bogus “gains” to begin with, it is only right that they correct themselves.[/quote]
That’s not what I said. What I said is the government has no business interfering with personal finance that does not impact the country’s financial security. That’s not its job.
Howver, the government’s job is to ensure financial security and stability and use every tool at it’s disposal to achieve that goal , even if it means screwing over some of the little guys in the process if it benefits the stability and the majority of the population
again, you are using social inequity as the primary reason to justify why a housing crash would be a good thing. Social inequity doesn’t apply to your case. You want a personal bailout for your own decisions you didn’t make decades ago because you fucked up…own it.[/quote]
Whoever said I wanted a bailout? You are just pulling stuff out of your ass. And do you really think the bailouts and Fed money printing was done to benefit the majority of the population? You are a fucking idiot if you really believe that. It was done to protect the bankers and Wall St class. That is literally who the Fed members are. And Paulsen who led the bailouts was literally former President of Goldman Sachs. You can’t make this shit up.
Meanwhile, going back through this thread all of my warnings about the Tech collapse were correct and are coming true. In a matter of time the RE collapse will be underway. Now stop blaming and attacking me just because I am pointing out the obvious. I didn’t cause the bubble nor am I responsible for the crash. It was the Fed and USG. Blame them if you don’t like it.[/quote]
May 12, 2022 at 7:34 PM #825544CoronitaParticipant[quote=deadzone][quote=Coronita][quote=deadzone][quote=Coronita]
Fairness has nothing to do with any of the 3 situations. Any time “fairness” comes into play, then we end up with weird government encroachment like government officials trying to forgive student loan debt….Expecting government to erase bad decisions made by individuals…[/quote]I agree there should be no forgiveness for student loans. Government should stay out of the markets, do you agree with that? But unfortunately that is not what has been happening in the last 13 years. The Fed intentionally blew up a ginormous housing and asset bubble through manipulation of the bond and mortgage markets. That is the opposite of free market. And particularly since Pandemic, any gains that were made in RE or stock values were ill gotten, and are in the course of being reversed. But since they were bogus “gains” to begin with, it is only right that they correct themselves.[/quote]
That’s not what I said. What I said is the government has no business interfering with personal finance that does not impact the country’s financial security. That’s not its job.
Howver, the government’s job is to ensure financial security and stability and use every tool at it’s disposal to achieve that goal , even if it means screwing over some of the little guys in the process if it benefits the stability and the majority of the population
again, you are using social inequity as the primary reason to justify why a housing crash would be a good thing. Social inequity doesn’t apply to your case. You want a personal bailout for your own decisions you didn’t make decades ago because you fucked up…own it.[/quote]
Whoever said I wanted a bailout? You are just pulling stuff out of your ass. And do you really think the bailouts and Fed money printing was done to benefit the majority of the population? You are a fucking idiot if you really believe that. It was done to protect the bankers and Wall St class. That is literally who the Fed members are. And Paulsen who led the bailouts was literally former President of Goldman Sachs. You can’t make this shit up.
Meanwhile, going back through this thread all of my warnings about the Tech collapse were correct and are coming true. In a matter of time the RE collapse will be underway. Now stop blaming and attacking me just because I am pointing out the obvious. I didn’t cause the bubble nor am I responsible for the crash. It was the Fed and USG. Blame them if you don’t like it.[/quote]
Uh, again for some odd reason you have this really weird notion that somehow I care the stock market in general and tech is correcting. If you go back on this thread, none of the reasons why you said tech would correct ended up being the reason why tech is correcting.
Inflation + war. That’s the real reason why markets are going bonkers. And you didn’t predict that anywhere in this thread.
This original thread you started was about remote work ending and the impact it would have on housing. Still waiting…. None of which is relevant or true. In fact, in UTC where supposedly you live, housing situation is worse now that students are “return to campus” and can no longer stay at their parents house taking classes …if you aren’t staying in a house your family owns for free or subsidized cost, chances are you’re paying more for rent now then before because of that or will be when your lease is up.
But it doesn’t matter because from what you posted above in response to AN, you didn’t even take significant advantage of your so called prediction of a downturn in the stock market to materially make a difference in your finances… You don’t put your money where your mouth is and so there’s no surprise you keep missing the boat when a correction does happen …
…and the funny part is you think you’re better and different than those speculators that gamble on crypto
…they lost present value money by gambling on appreciation of a risky asset
…you lost purchasing power due to inflation and rising living costs that you failed to peg for 20 years…Different gambling same result. Backward movement, just at a different rate. But give yourself a pat on the back for whatever you are trying to prove here. I’m not sure how it’s helping you financially move forward, but frankly that’s not my problem nor my concern. That’s your problem that you now own.
May 12, 2022 at 7:37 PM #825545sdrealtor
Participant[quote=deadzone][quote=sdrealtor]
lol what you don’t understand is who the flippers are. Sure there are some small time mom and pops but I would say that well over 80% off flips are by well funded high net worth organizations. You want to believe it’s some highly leveraged greedy guy but that’s just not reality. I deal with these Flipper groups and I’m contacted by a few every single day . they are anything but poorly capitalized. And even many of the small Time guys who’ve done 3 to 5 a year for the last 5+ years are sitting on a few million dollars of cash profit. You really have no idea how this works[/quote]LOL, you have no fucking clue how “well-funded” these flipping organizations are, so stop making shit up.
Anyway, it will be evident soon enough. Just keep bookmarking this thread, it will be fun to revisit this in 6-12 months.[/quote]Uh but i do. I can also go back and look how many millions they made in profit. They are playing with house money. I’ve got a friend that’s small time. He works for a wealthy guy. Has for 10 years. He makes him $1-3 million a year. He’s got $5m cash the guy gave him to fund whatever he wants and he rarely uses more than half that. he’s small time. Only does 7-10 a year. The big guys are doing 10-20 a month some more in SoCal
May 13, 2022 at 9:10 AM #825556CoronitaParticipantgold is getting trounced close to $1800/ounce and fell below that momentarily.
May 13, 2022 at 1:37 PM #825572ParticipantUnsuprisingly no sign of ol whats his name
May 17, 2022 at 6:42 AM #825611CoronitaParticipanthttps://www.protocol.com/bulletins/microsoft-raise-satya-nadella-talent
[quote]
Nadella announced that the company is doubling the global budget for merit increases, as well as increasing the range for stock-based compensation by 25% for employees under the senior director level. Business Insider reports the changes are effective Sept. 1.Despite falling tech stocks, growing layoffs and hiring freezes, the job market is still favorable for engineers and other corporate tech workers. Amazon doubled its base compensation from $160,000 to $350,000 earlier this year, and doled out a record number of stock grants. Nadella acknowledged the competitive talent market in his email to staff announcing the change.
“Time and time again, we see that our talent is in high demand, because of the amazing work you do to empower our customers and partners,” Nadella wrote, according to GeekWire. “Across the leadership team, your impact is both recognized and deeply appreciated — and for that I want to say a big thank you. That’s why we’re making long-term investments
[/quote]Lol. My salary has now fallen behind ….by a lot…. Thank God I don’t need to compete against these folks for a home purchase and I have rental income to supplement my wage income so relatively speaking still able to keep afloat….barely….lol…
May 17, 2022 at 5:17 PM #825618an
Participanthttps://www.engadget.com/apple-delays-return-to-office-allows-remote-work-194324892.html
Apple… just kidding… lol
May 18, 2022 at 4:36 PM #825627Anonymous
GuestMeanwhile the tech industry crash continues to accelerate. First the FAANG, now Cisco getting crushed after hours to well below pre-covid highs.
There’s going to be massive layoffs in the tech industry over the next 12 months. The whole “work from home” debate may become moot.
May 18, 2022 at 4:57 PM #825629CoronitaParticipant[quote=deadzone]Meanwhile the tech industry crash continues to accelerate. First the FAANG, now Cisco getting crushed after hours to well below pre-covid highs.
There’s going to be massive layoffs in the tech industry over the next 12 months. The whole “work from home” debate may become moot.[/quote]
Like clockwork, you only show up on a down day. You were conveniently absent the past few up days. You are so predictable lol.
Well, if it happens, good luck to you too. You could be laid off too, lol.
But once again, you were WRONG about the impact of WFH…. and you were WRONG about WFH going away, Larry.
May 18, 2022 at 4:57 PM #825630ParticipantSo predictable.
May 18, 2022 at 5:02 PM #825631CoronitaParticipantWell what is hysterical is the original reason for his post was to prove covid ending -> WFH ending was going to dent housing….
Now the story is the tech crash is going to dent housing which had nothing to do with WFH, the original purpose of this thread. Which is why I think it’s great we’re talking about about sorts of random shit here. Because this thread is completely meaningless for it’s original intent….
Trying to prove he’s right, using anything bad news that can possibly be correlated to this correction.
It doesn’t prove he knows anything. It just proves he knows how to selectively pick current events after they happen and trying to pass them off as his predictions. lol…just in attempt to try to prove he’s right…. not even to materially financially benefit from it. Kinda funny….
Lol, this isn’t Instagram, Larry. You can’t monetize your posts here…
May 19, 2022 at 10:44 AM #825641
JPJonesParticipantGotta keep movin’ them goalposts!
And let’s be real here. Even if he could monetize his posts, he wouldn’t pull the trigger on that, either.
May 24, 2022 at 9:40 AM #825730Guest[quote=JPJones]Gotta keep movin’ them goalposts!
And let’s be real here. Even if he could monetize his posts, he wouldn’t pull the trigger on that, either.[/quote]
Who is moving goalpost? You sound like just another butt hurt investor getting your ass handed to you in the markets right now. Don’t worry, RE will soon follow. Or just follow the other brilliant people in this thread and buy some more calls in NFLX and NAIL… LOL
regarding original purpose of the post, it is still valid. The narrative of highly paid tech workers moving to San Diego to WFH is dying. The entire Tech industry is dying. Massive layoffs are right around the corner. Are you not paying attention?
This is/was the biggest bubble in the history of the financial markets. Fed has not even starting any type of QT and there are already numerous public tech companies down 80-90%. So to be more accurate, the bigger issue for RE price effect is that many of these highly paid tech workers, regardless if they are WFH or not, have been getting wealthy on their company stock options and using that wealth effect to invest in real estate. With their portfolios down 80-90% that is going to create some massive downward pressure on RE in due time.
May 24, 2022 at 1:37 PM #825733ParticipantWhats funny is he thinks the workers all hold onto the stock in the companies they work for. Pretty much all the guys I know that work for the big tech companies sell their RSU’s as soon as they can. They are smart enough to understand they are fully invested in the company with their jobs so they cash out regularly. I guess someone not in that position might not know that
Gotta work on some market updates
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