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CoronitaParticipantspdrun and brian, can you do me favor? Can you please tell me with 100% conviction that we are going to see the stock market correct more and we are going to have a recession this year? Because it certainly seems that when you emerge from hiding and start post these things in piggs, the markets move in the opposite direction and start moving up again. Can you tell use how happy you will be to see a market crash and recession again, about 5-6 more times? Thanks!
CoronitaParticipantI am Bernie, Bernie I am.
I do not like green eggs and Joe.
Green eggs and Joe, I don’t know.
Green eggs and Joe are my foe.I do not like him over here.
I do not like him over there.
I do not like him in Maine.
I do not like him when he campaigns.That Joe, that sleepy Joe…
Dealt my fringy progressives on Tuesday a deep blow.Whoa as me. Whoa as me.
As a fringy far lefty,
I might not get college tuition for free.I do not like green eggs and Joe.
I do not like eating green eggs and crow.CoronitaParticipant[quote=spdrun]This country is moving in that direction, like it or not, at least on the state level…
* NY State did free tuition in state and city universities
* Marijuana is being legalized in states across the US; no one thought it would be in the 1990s.
* Every Democratic presidential candidate wants a public option for hellth in$urance, even “Slow Joe” BidenAll it will take is a recession to tip this country blue this year, and away we go. I don’t need to “take a few years” slaving for some fucking asshole to move out of this stinking excuse country, though; all I need is to sell or ATM a property LOL.[/quote]
lol, maybe it’s not the boss that’s the asshole. One time. ok, maybe. Twice…mmmm ….Three times….at that point there’s only none variable that is constant, and it’s not the boss. 🙂
CoronitaParticipant[quote=svelte]Wow, quick pace of events this week.
Biden and Bloomberg are the only moderates left.
And support is just pouring in for Biden almost overnight.
https://www.politico.com/news/2020/03/02/centrists-biden-super-tuesday-bloomberg-118853
I’m hoping that this has all happened in time for it to make a difference on Tuesday. I really like Biden.
Bernie not so much.[/quote]
Oh my God, come back Joe for Super Tuesday.
[img_assist|nid=26970|title=biden!!!|desc=|link=node|align=left|width=600|height=400]
Biden didn’t even show up in most states where Chairman Mao Sanders got his ass kicked. flabbergasted.
Svelte, have faith. Chairman Mao Sanders getting his ass kicked should restore faith that the Democrat party has not been completely taken over by the fringy alt-left. . Even in CA, where Chairman Mao Sanders’ camp spent a good amount of time and money, he didn’t nearly do as well as people thought he would. It wasn’t a “landslide” for Chairman Mao Sanders. At 50% reporting, he’s at 33%, where as Biden and Bloomberg are at 24% and 15% and warren at 12%, not the landslide dominating figures that many were predicting. Even in CA it’s a pretty big divide between moderates and fridgy left, which isn’t a surprise given that CA has one of the largest wealth inequality problems relative to other states, lol. That says a lot. Plenty of rational moderates left. Phew!
This battle is going to be painfully long, between two camps in the Democrat party that eventually will get so pissed off at each other, that I suspect will eventually cause a rift. I’m predicting if Chairman Mao Sanders loses, we might have a riot, lol.
Good job Joe! I approve! Might be a viable alternative moderate and a decent change of restoring some sanity in Washington.
CoronitaParticipantfed just cut rates. I think like Japan, we won’t see rates rise for a long long time. lol
CoronitaParticipantlol. so people are sending me video of panic buying at Costco in Bay area and here
Toilet paper out, pasta out, rice out, dinner rolls out, Carmel mountain Costco looks like it was ransacked.I don’t mind. Costco stock shot up almost $30 today.
CoronitaParticipant[quote=Myriad]The HOAs for condos can be a factor. I have one that went from $205 to $280.
The depreciation helps offset profit from impacting your taxes.[/quote]Some of the HOA is $300-400/month
CoronitaParticipant[quote=Myriad]Yes, I’m invested in a hotel in FL (one of the large chains). You have to be picky as a small investor. You’re not going to get the deals a large real estate company would. But if you invest in growing markets like TX, FL, CO, Nashville, TN, you’ve benefiting from the demographic changes. However you have to worry about how well the sponsor performs and how well a platform manages the various sponsors.
REITs are definitely a good way to go, just direct investment gives you a more specific focus and different diversification.
I’m in a few deals, but am now waiting it out to see how they really perform. One is building a multi-unit condo building in Williamsburg in Brooklyn. That one is a little more speculative.
The benefit is that you still get some of the tax benefits (K-1, passive investment gain/loss) without the hassle of managing property. But as I mentioned, most of the commercial investments all get 5 year interest only loans, and then roll over to a new loan later – so definitely interest rate sensitive.
One of the ones I considered, but didn’t invest due to limited capital and overwhelming demand was the SD Mission Valley Marriott. Which is somewhat typical – the really good deals (or the ones that appear to be) generate a lot of interest.[/quote]Interesting. It probably isn’t my cup of tea, but sounds like it’s working for you well and that’s great.
Dumb question. So does your investment in the hotel mean you own a room in that hotel (the condo-hotel model) or is it some other arrangement. Just like to hear about different things.
CoronitaParticipant[quote=Myriad]I was worried about the refinancing wave for commercial. But looks like rates will be low for the next year. Keeping cash for now. Things are pretty pricey across many asset classes.[/quote]
I have not considered commercial property investments beyond REITs. Have you done any? Im curious to learn about it , if you’ve done anything with them, if you don’t mind sharing.
One upon a time, I ended up in Florida for a condo-hotel sales pitch where they sell you one unit in a hotel. But for the life of me I couldn’t get things to pencil out unless occupancy was more than 90% of the time, when the actual occupancy rate of that hotel was much lower…
CoronitaParticipant[quote=spdrun]Won’t help values much if foreign buyers run scared and people get another 20-30% knocked off their investments …[/quote]
lol foreign buyers.
CoronitaParticipantThere always seems to be a fascination about some US conspiracy theory even though there is no basis of this conspiracy theory except it was started by the PRC government over state run media. probably to gaslight the public to deflect blame. Amazing that some people entertain these ideas, I guess arguing for argument sake. amazing people in this country trust the PRC government more so than our own despite overwhelm evidence PRC is a lying sack of shit multiple sources from multiple countries not just the US. Go figure. Move to China, please and stay there.
CoronitaParticipantSomeone from the US intelligence community must have swallowed a small vile of Coronavirus, took a flight to Wuhan and defacated on farm field growing Chinese broccoli, which was eventually digested by someone that didn’t properly wash the vegetable before eatting it. Yup, that must be it.
CoronitaParticipantI don’t know, but while i doubt this virus will have a direct impact on local residential home prices, I’m thinking this virus panic might have some impact on leisure travel and vacation. Not sure if hotels and cruises are where I want to put my money right now. Maybe in a year or two after the dust settles.
CoronitaParticipant[quote=TheRealDonaldFLU][img_assist|nid=26968|title=Our Wuhan cruise|desc=|link=node|align=left|width=93|height=100][/quote]
Lol. You are making a mockery of me, friend. Carry on!
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