Foreclosure ban end.

[an]

[quote=Coronita]
well considering i put in an offer for another rental property yesterday….if i get it, there’s a high likelihood that will cause prices to fall, just like interest rates were kind enough to rise the week that i locked at 3% and once i was funded , was kind enough to fall back below 3% lol….Murphy law of my investments for me i guess.

normally i dont like to talk about pending transactions since i dont normally want to jinx them before they materialize. but honestly, in this case , if things fall apart, dont really care that much…im basically coughing up almost $100k more this time on this property slightly nicer than the previous one. hopefully will rent $3k/month or more. its pricey for $3k/month…but i dont trust my stock picking skills to return something decent over the next 15-20 years, and i need to force myself to take some money off the stock market roulette table in case there is a major correction and avoid doing something more stupid if i just see cash lying around earning 0.02% interest….

If i do get this place, my total net rental cashflow will be close enough a mid level sw engineer’s salary. and finally i can stop working if i choose. And then im going to have a bug grin on my face the next time i talk to my boss on Zoom…heh heh….

It only took ,oh god , a quarter of a century to get here…i cant believe ive been doing this for 25 years. im about 5 years behind my original financial plans i made in my early 30ies…so many detours and roadblocks….but i had to stick to the plan…[/quote]
Very happy for you. That is my plan as well. I’m just a few years being you. Hopefully I can get to your level some day.

[Coronita]

welp…bad news for me. i didnt get the property….it went to some other buyer, i didnt even get a counter offer. i guess one cant be too sure in this market….

oh well. Im $600kish richer today, lol…

wow…. pretty brutal real estate market..im 0 for 3…..

[scaredyclassic]

[quote=Coronita]welp…bad news for me. i didnt get the property….it went to some other buyer, i didnt even get a counter offer. i guess one cant be too sure in this market….

oh well. Im $600kish richer today, lol…

wow…. pretty brutal real estate market..im 0 for 3…..[/quote]Bitcoins down. My kids says it’s time to go all in.

Instead I threw another 10k at slv and gld.

What an old fart.

[Coronita]

[quote=scaredyclassic][quote=Coronita]welp…bad news for me. i didnt get the property….it went to some other buyer, i didnt even get a counter offer. i guess one cant be too sure in this market….

oh well. Im $600kish richer today, lol…

wow…. pretty brutal real estate market..im 0 for 3…..[/quote]Bitcoins down. My kids says it’s time to go all in.

Instead I threw another 10k at slv and gld.

What an old fart.[/quote]

I was thinking about doing the same thing….lol… I sold yesterday thinking that I would need to pay for the property…Now I need to go back in….

I think Musk is trolling wall street.. He trashes bitcoin when all the analysts got on the buy bandwagon, and he’s cheerleading for dogecoin when all the analysts are saying it’s a joke…

Wait a few weeks and I bet he’ll change his tune… So… Musk-ish

[svelte]

[quote=Coronita]
I was thinking about doing the same thing….lol… I sold yesterday thinking that I would need to pay for the property…Now I need to go back in….

I think Musk is trolling wall street.. He trashes bitcoin when all the analysts got on the buy bandwagon, and he’s cheerleading for dogecoin when all the analysts are saying it’s a joke…

Wait a few weeks and I bet he’ll change his tune… So… Musk-ish[/quote]

I think he’s intentionally juicing things when he’ll make $$ notice how he just received a big payout from Tesla (his milestone payouts are based on stock value, I believe) then the stock goes down.

I’d bet there is a similar self-motivation to the bitcoin and dogecoin statements.

Tesla is in a world of trouble. The company makes its money not on its cars but on the carbon credits it sells to other automakers, which they’ll no longer need to pay soon now that they have their own e-cars. I bet it eats them up that they’ve paid a competitor and it allowed them to become much stronger.

Factor into that a big drop in China sales recently and what I bet will be a tough time breaking into the European market – there was an article the other day about how new cars sales in Germany are tightly tied to corporations buying them for their employees, and guess where the corporate headquarters location is of the cars those corporations favor? Hint: it starts with “G”.

I’m not saying Tesla will go away – a more likely scenario is that when they fall back in the red, which I think is inevitable, that another company snaps them up. Probably Chinese or maybe Apple.

[scaredyclassic]

So many e cars coming. Tesla would be my last choice.

[Coronita]

The Model S Plaid+ with the retractable wing is cool!!!
Maybe not $145k cool. But still cool….

I want an e-Miata….

[scaredyclassic]

My vehicle history

Honda Civic DX silver 1989-2012
Honda Accord silver 2012-2019
Trek ebike. Pewter. 2019-2023?
Mercedes eqs. Red 2023 – 2029.

I think my next vehicle must cost 100k plus, just to balance things out

[Coronita]

[quote=scaredyclassic]My vehicle history

Honda Civic DX silver 1989-2012
Honda Accord silver 2012-2019
Trek ebike. Pewter. 2019-2023?
Mercedes eqs. Red 2023 – 2029.

I think my next vehicle must cost 100k plus, just to balance things out[/quote]

By the way the USD is devaluing. A honda accord might cost $100k by the time it’s 2025-2029….

[scaredyclassic]

mine needs body work and has weird bumper stickers. so probably only worth 85k

[The-Shoveler]

Keeping all my old vehicles, Plan to turn them into EV’s when low cost conversion kits become available.

[Coronita]

[quote=scaredyclassic]mine needs body work and has weird bumper stickers. so probably only worth 85k[/quote]

You laugh… but

https://www.hagerty.com/media/valuation/honda-accord-lx/

[Coronita]

I think i figured out how to buy my next rental property…

I need to put a deposit down on a porsche. Every single time I put a deposit down for a porsche, the purchase was always cancelled to make way for real estate purchase….

It happened with the 991 911s…Bought a short sales condo… As a runner up prize, I bought a 1994 miata for $1890 instead…

It happened with the GT4. Bought a short sales condo ago. As a runner up prize, I bought a 2017 miata to replace the 94 miata that caught on fire…

I need to go put another deposit down so it gets cancelled by another property that becomes available… Oooo. I can pick up an NB or NC miata as a runner up prize or a Fiat 124….

[scaredyclassic]

this receipt/pricetag is gonna sound crazy, but I saw custom bike at Black Mountain cycles by the trader joes on black mountain road. the receipt was stapled to the handlebar. Someone has put down a $1,000 deposit on a $20,000 electric bicycle.

[Anonymous]

[quote=scaredyclassic]this receipt/pricetag is gonna sound crazy, but I saw custom bike at Black Mountain cycles by the trader joes on black mountain road. the receipt was stapled to the handlebar. Someone has put down a $1,000 deposit on a $20,000 electric bicycle.[/quote]

Just more evidence of the everything bubble

[Author]

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