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CoronitaParticipant[quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.[/quote]
They wrecked your Prius??? No!!!!!!!
That was such a cool car.
Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. People still need/want to buy cars, but inventory is low. So many cars that were deeply discounted are now selling at MSRP or in some cases above MSRP.[/quote]
prius prime is no more. i actually liked that car. a lot.
now I have 28,000 and my ebike.frankly, id rather have had the prius prime.
when you turn on the car, it lights up on the dash, PRIUS PRIME.
my wife would always say PRIUS PRIME! when the car started.
no more prius prime.[/quote]
Sorry man… Might I suggest in the future you buy a $3-4000 Toyota Corolla and hand them the keys to that instead? That way, if it gets wrecked it’s easily replaceable.
CoronitaParticipant[quote=scaredyclassic]my kid wrecked my car; i paid 18k for it after rebate in a well-negotiated sale. I got back 28k from the insurance company. jeez.[/quote]
They wrecked your Prius??? No!!!!!!!
That was such a cool car.
Part of the problem is there is an inventory shortage.of new cars simply because factories are closed and/or supply chain issues.People like me were hoping with the Covid downturn, dealerships would be selling cars at firesale prices..The opposite is happening…. People still need/want to buy cars, but inventory is low. So many cars that were deeply discounted are now selling at MSRP or in some cases above MSRP.
CoronitaParticipant[quote=The-Shoveler]It’s different this time.
I used to not be against fed printing but this time I think they truly are pushing the limits LOL. That may keep it going awhile until she blows.Go until she blows LOL.
Never mind that about 1 in 5 are out of work and biz BK’s at record highs.[/quote]
I don’t get it either… Hoping to net gain…a lot…buy tangible assets like rentals… and ride the downturn when it happens.
Did you guys check the prices of some used cars? There are people who bought preowned cars last year, and due to the wacked inventory of new cars, they are selling them for the more than they paid last year.
CoronitaParticipantMy YTD on my trading account is now standing at 39.44%.. but it’s getting really frothy….When the social media stars starts to try to talk about day trading on Robinhood, you know everyone is trying to get in…so it’s probably getting close to time to get out. Just look at what Tesla stock is doing $2000+/share.
And two of the indexes at an all time high. Not imaginable when covid cratered the markets just a few months ago and a lot of people were running for the hills and taking cover in cash.
I guess a bigger question is…What will be the events that will finally throw cold water onto all the newbie Robinhood wannabe daytraders?
CoronitaParticipantS&P500 and Nasdaq at all time high .
Don’t fight the irrational exuberance.
CoronitaParticipant.
I don’t think redfin’s discount is really that special. I can think of a few Chinese agents in my circle of friends that offer comparable discounts. Then again, it was certainly an interesting experience.CoronitaParticipant[quote=sdrealtor][quote=svelte][quote=sdrealtor][quote=svelte]All I own are mutual funds…I’m not into the legalized gambling of individual stocks. 🙂
I think Redfin will be a stronger and stronger player going forward. Time will tell which of us is right.[/quote]
I’ll take that bet but advise you against it as I only take bets I know I already won like this one way back when. [/quote]
Ok but let’s define the parameters. When I showed you data with their sales up and their stock price up, you batted those down as not applicable because they didn’t fit your criteria of a successful company for some reason.
What criteria can we use? Their number of homes sold per year higher in 5 years than today? I think that’s a fair estimation of “stronger”.[/quote]
I only use one criteria. Profitability. Buying market share is easy when you are playing with VC/IPO money but it only last so long. To be viable as a going concern you need to be profitable. Eventually you have to make money. I think we’d all agree on that
Like seriously. They have a $4B market cap, never made a penny and probably won’t. Some joker in Carlsbad is more profitable then they are or will ever be[/quote]
Wait, so basically the Compass business model is like the business model of CarOrder.com and MoviePass where you sell (give?) a loss leader product away in exchange for the right to name you as a customer with the hopes that your business will reach critical mass and have a huge pool of customers that you can sell much more lucrative business or services to, like Google ads.
CoronitaParticipantI thought I read somewhere that a few months ago Redfin laid off/furloughed half of their staff.
And I think tech/investor funded Compass did close to 20% RIF around April…
Is that true?
CoronitaParticipant[quote=XBoxBoy]Yet another article:
What I’m wondering is if people leaving these major metropolises is driving the current hot real estate market in San Diego? Or is it just low interest rates allowing people a good opportunity to buy their first house or move up? What happens if people move out of London, NYC, San Fran, but in a year employers are done with work from home?[/quote]
Not so sure. I think at least for many tech companies now that companies are more remote friendly it’s unlikely things will return to in office only in the near to mid term.
For one thing, my company cancelled their office lease and we no longer have a San Diego office. Everyone in San Diego is now a remote employee
That might be on the extreme, but some companies probably don’t need to maintain a large physical office moving forward.
Also, now that remote working is more acceptable, it’s entirely possible to find a great person in Florida and pay him/her slightly lover than Bay Area wages which would make him/her thrilled compared to how much he could make working at a local company in Florida. I had a person quit in a group in Florida because a bay area company will allow him to work remotely and he will be making 38% more than he would if he worked in a comparable Florida company.
This probably won’t drive wages down significantly locally, but it will make wages more competitive irrespective of geography and locally companies no longer need to spend expensive local wages on just mediocre talent. Take a Site Reliability Engineer. Since most of things are in the clouds, there’s really no reason why an SRE has to be based here in San Diego. Good SRE’s are hard to find, so rather than spend a boatload on a mediocre SRE in SD, one could find a great candidate anywhere and pay them SD wages to work remotely.
CoronitaParticipantPeople still believe in what zerohedge writes?
I thought it was known zerohedge is a source of a lot of fake news and doomsayers.CoronitaParticipanthttps://finance.yahoo.com/news/manhattan-rent-down-vacancy-up-193314128.html
“In the beginning of March, April, we saw a tremendous outbound migration. About over 400,000 people left Manhattan, 40% of the occupants, essentially,” Jonathan Miller, CEO of appraisal firm Miller Samuel Real Estate Appraisers & Consultants, which prepared the report for New York City residential brokerage Douglas Elliman, told Yahoo Finance. Renters in Manhattan “became first-time buyers, they lived with relatives, they rented — they did anything but come into the city,” he said.
CoronitaParticipantI’m thinking maybe I’ll sell my coins and use the proceeds to buy a collector’s car. It would sit in the garage most of the time, but on occasion I could take it out and enjoy it. I wouldn’t race it. Just gamble on it appreciating. The only problem is, I don’t know which one…
I sort of like the idea of an 199x ish RS America, and insurance for it from Hagerty won’t be that bad…
The other thing I always wanted when I was a teen was the first generation Acura NSX. Good conditioned ones also are going up in price.
CoronitaParticipantI just melt my gold down and ask my dentist to make some of my filings out of them…
I think we might end up seeing $2500 gold and $40 silver
I did not know how easy coin dealers are letting people buy bullion with Bitcoin.
CoronitaParticipantI have SLV in my IRA and only have gold bullion. I tried buying silver bullion but too damn pain on the azz. The ones I did get, I gave them as stocking stuff gifts to relative kids. They were $15/each. They are probably double that now.
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