[Coronita]

CA has one of the lowest property tax rates versus other states for both residential and rentals…and has a very generous carryover tax basis when you are senior or if you die. Even with the slight tax increase via bonds. That’s one of the reasons why we’ve seen decent appreciation versus other states. and why people are able to keep homes generation to generation. Go look at the property tax rate at some red states. I don’t see any of the homeowners complain about the awesome appreciation, but complain over a slight increase in a bond initiatives?
If you can’t stand the couple of extra hundreds of dollars
PER YEAR fromm a bond initiative, then why the hell are you living in a condo in a building in downtown that most likely has a ridiculous HOA of a couple of extra hundreds PER MONTH and where you regularly need to pay for parking?????? Especially in San Diego….??

people will complain about anything on the pennies, but will gloss on the much larger useless things. like the unnecessary higher costs of parking, food, apartment style and balloon HOA fees …

[Coronita]

[quote=EJ]Just curious … why pay the second installment now? I always wait until April 10, the last day without penalty. Is there any advantage to pay early?[/quote]

no, besides remembering to pay them versus forgetting April 10

[Coronita]

Good market close today. Awesome gain for the week, and month ytd.

Huuuuge!

[Coronita]

Move then…. possibly out of state…Goodbye

If you can’t make money in this economy, these days, and do so much better than previous years, even in CA… the problem isn’t the government, it’s you.

Yes, it’s brutally harsh, but it’s true. Progressives, liberals, conservatives, still whining about money….Seriously, the problem is you. …

[Coronita]

https://finance.yahoo.com/news/u-housing-starts-surged-last-133001168.html

US housing starts 13 year high.
lol

I am so glad our government is spending money to prop up the economy. At one point, I believed in fiscal responsibility but since I’ve learned no one in this country really cares about it, I am glad when we do waste money to prop up the economy, I am glad the biggest beneficiaries are people like me. People who took the time to save, invest, accumulate throughout the years are finally getting disproportionately rewarded for doing so… And people that didn’t or pissed away their money, well can get further left behind… Too damn bad. Everyone for themselves. Thank you Federal Reserve. Keep printing please. More capital gains welfare for the not so poor please.

[Coronita]

What Brian? you don’t like Hip Hop and rap culture? it’s very progressive. Most iGeneration are willing to look past our superficial differences and embrace role models like Lil Wayne and Cardi B, and aspire to be as rich and successful as they are, all while renting from people like you with a pitbull classified as an emotional support animal….

I’m just imitating such acceptable role models in progressive landscape, with the exact same demeanor progressives have been encouraging others to tolerate and imitate. Cardi B is running for Congress!!!! That’s awesome!!! Good for her!!! And Bernie approves!!!!! Ghetto and trashy is totally in! Cool! I love it. Feels right at home!

You mad, Bro?

[Coronita]

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[Coronita]

.

[Coronita]

[Coronita]

Ok Boomer, if you say so.

[Coronita]

Dow up 200 pts, Nasdaq up 72, SP500 up 21…

I think the only people probably needing to worry are their health are all the people suffering from depression after talking themselves into sitting out of the markets for some time or counting on everyone else being as miserable as they feel..

or worse those suffering from hyper tension from trying to short the markets and having that blow up completely.

At least everyone should have health care coverage now though.

[Coronita]

[quote=PCinSD][quote=FlyerInHi]Flu, you’re the perpetual optimist. I’m sure during the period prior to the Great Recession, you said that people will always pay their mortgage, blah, blah. Just because you survived and thrived does not mean that the Great Recession did not happen and affected many lives. Again, it’s not all about you.

What gets me is that people who used to bitch about government spending and debt are all silent now. I guess we have proven that spending doesn’t matter and we should have spent more to boost economic growth.[/quote]
“Nobody gives a shit” what you’re crying about.[/quote]

I don’t know what is there to be all upset about. The economy is doing well, people seem to be spending , companies are bring in record profits, the world hasn’t blown up yet, trade talks are settled for now, Iran escalation didn’t happen (partly because Iran shot down a commercial airline and killed a bunch of people in the process ). In general ,people seem to be doing financially better. There’s no reason to believe things are going bad in 2020…Or maybe that’s the thing. Some people want to see misery, failure, suffering of others to make themselves feel better so others can experience what they feel all the time. Kinda sad imho.

Oh well. Dow up 200+ points whoo hoo!!!

Who cares…

[Coronita]

I’m not sure but I think the younger folks have sure gotten use to spending $1000 for a new iPhone every 2 years.

I have a colleague 15 years younger that’s switched cars 3 times over 5 months.

It’s all good . He does pretty well. More power to him. Theres nothing wrong with enjoying life a bit.

And they seem to be on top of finances too. They were the ones telling me about Robinhood and saying Schwab was old school(that was before schwab dropped commissions).

One of these days, I’m going to get “ok Boomer”-ed by them.

[Coronita]

So… Remember I mentioned trends in the semiconductor industry were good hints and indicator to the health of the tech industry. And remember I mentioned Taiwan Semiconductor was a good indicator of the health of semiconductor industry, because TSMC is responsible for more than 1/2 of the world’s semiconductor fab, and if TSMC’s 7nm production is at fully capacity, it suggests there’s no slowdown in tech, considering TSMC’s major customers are Apple, Qualcomm, AMD, MediaTek , Huawei, and others and if there was a slowdown in the demand for consumer electronics, TSMC would be the first to feel with less demand for its capacity?
Let’s play connect the dots…

Guess what?

https://finance.yahoo.com/news/apple-chipmaker-tsmc-profit-bigger-054229060.html

Chipmaker TSMC’s Profit Bigger Than Expected

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. projected quarterly revenue well above analysts’ estimates, underscoring hopes that the rollout of fifth-generation enabled smartphones in 2020 will galvanize growth for Apple Inc.’s main chipmaker.

TSMC forecast revenue of $10.2 billion to $10.3 billion in the March quarter, surpassing estimates for $9.6 billion. Taiwan’s largest company also posted a fourth-quarter profit that beat the highest analyst’s estimate after customers from Apple to Huawei Technologies Co. adopted more advanced semiconductors in smartphones.

The robust results demonstrate how the world’s largest contract chipmaker is investing in technology to safeguard its market lead over Samsung Electronics Co. and Intel Corp. TSMC spent almost $15 billion on technology and capacity in 2019 and is prepared to shell out as much as $16 billion this year, anticipating the advent of fifth-generation smartphones. The company, a barometer for the tech industry thanks to its heft and place in the supply chain, has said the advent of 5G will result in more chips in devices than before.

Strong sales may extend to 1H off-peak periods, as many of TSMC’s customers such as Huawei, Qualcomm and Mediatek are quickening their pace of adopting cutting-edge processes to prepare for the launch of 5G mobile devices.

There doesn’t appear to be a slowdown in semi-land at all. And as others were already writing about , TSMC is running full capacity, and there hasn’t been a reduction in demand from
a consumer electronics perspective.

Told ya!

Oh and since Apple will be moving from 7nm to TSM’s 5nm node and Huawei might reduce their capacity due to the state Huawei is in, some might think TSM will have a lot excess and unused capacity in 7nm ….Don’t worry… Much of the extra 7nm capacity that would be then available is already reserved by AMD….

https://www.tomshardware.com/news/amd-to-become-tsmcs-largest-7nm-customer-in-2020-report

AMD to Become TSMC’s Largest 7nm Customer In 2020

AMD will become TSMC’s largest 7nm customer in the second half of 2020, according to Apple Daily’s supply chain sources. The change of order comes as a result of higher orders from AMD and Apple moving to 5nm for its A14.

Apple Daily reports that TSMC’s 7nm wafer capacity will be 110,000 wafer starts per month (WPM) in the first half of 2020. TSMC’s Top 5 would consist of Apple, HiSilicon (who is starting to ship to external customers), Qualcomm, AMD and MediaTek.

In the second half of the year, TSMC’s capacity would increase to 140,000 WPM and AMD’s orders would double (although it was not specified compared to which period). With that, AMD would become TSMC’s largest 7nm customer as Apple moves to 5nm. This also implies that AMD would jump over HiSilicon and Qualcomm.

what slowdown?

[Coronita]

[quote=The-Shoveler]Yea but do they bring you free lunch?

Just kidding.

I think I would rather do real work than attend boring meetings LOL.

Have fun![/quote]

They did until finance started to complain about the large food expenses our dept was submitting. And there’s only so many meetings I can take before wanting to blow out brain. Free or no free lunch.

[Author]

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