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I am steering this person to the purchase market.

If you have 20k for a down payment (he does), you can get a 380k mortgage with payments of only about $1900. Of that, $500 is paying down balance and $300-350/mo off your taxes, means the true cost to buy to live in a 400k condo is only about $1100 + HOA. That is way better than renting, especially in this market.

And if any type of downpayment waiver or subsidy plan emerges, watch out as we zoom into bubble prices.

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AirBNB is liberal with covering refunds to unhappy guests and guest property damage to unhappy hosts.

I have never used them as I like hotels, but their website does not seem extra advanced and high cost.

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Every plumber I have used in San Diego has been good but expensive.

If your water heater is more than 7 years old I would just replace it.

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Flyer, a house is a good investment for free-spending middle class Americans because it is “forced savings.”

It’s also good for us panicky bears because it is a hassle to sell.

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Even though I am short UBER and LYFT, I am not quite so bearish as Naked Capitalism.

I don’t see why they can’t eventually make a bit of money by raking in 5-15% of taxi charges in return for providing dispatch services and mutual rating of both drivers and passengers that makes both the riding and working aspects safer and better.

Their shared ride system also worked pretty well, but its market isn’t as large since you need a decent density of users, which doesn’t exist in at least half of their regular market.

In other words, I think Uber creates a ton of value compared to taxis, and that amount will increase over time.

The problem, however, is they their insane overvaluation compared to the eventual value of any profits they make.

I like the chart the link in my OP because it nicely shows just how much of an outlier Uber is, having now lost more than $20 billion, compared to under $3 billion for Amazon at its lowest point.

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As I recall no 1099 needed when it is under $600 a year. But then giving a kid cash isn’t normally taxed.

When I was getting financial aid grants, they penalized me heavily for all the assets I had in my name. Basically having $1 in an IRA would have cost me ~$2.70 in lost financial aid grants.

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For Z and other tech stocks, its not about the money, but the friends you make along the way.

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I just did invest in western us water rights. VWTR.

Very speculative small-cap co so i kept it to 300 shares.

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capital gains are not tax free.

The efficient market hypothesis suggests these bond funds are fairly priced relative to each other.

I think I picked the one with a relatively large size and high yield.

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The photos made me dizzy. Why is the front door tiny and open to a long thin corridor?

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Side hustle? I don’t want to hustle at all, front back or side.

I think it would be fun to drive for Uber for a couple hours a month. Chat with people, and do peak times and get people having fun going to parties.

“Yes I am an attorney with a billing rate of $650, but I also like to get out there and meet people sometimes.”

My car is a 2010 so doesn’t qualify for Uber.

The Mazda CX7 and 9 SUVs with leather looks really slick and reasonably priced. That might qualify for UberXL Lux or whatever and let me charge a premium price.

Combine the XL upcharge and only drive during peak hours maybe I can get $100/hr?

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The expense ratio is taken out before the distribution is calculated.

Some of the fee BTW is interest because the fund borrows money and is somewhat leveraged. This is pretty normal for bond funds but I think you can find ones that don’t that pay a lower amount.

The distribution amount in these funds doesn’t change much year to year.

The very long trend is toward lower amounts simply because interest rates are falling. But you can pretty safely assume if you buy now it will pay ~4% for 10 years.

The fee is on the high side, even with the interest subtracted. I have looked into direct buying of munis, but not quite worth the hassle IMO.

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Good memory, OER of primary/secondary + actual rent is 32.12% of CPI for 2020.

https://www.bls.gov/cpi/tables/relative-importance/2020.htm

I think rising rents here is still compatible with low inflation however for a few reasons.

1. Housing is a luxury and positional good that is relatively supply constrained, so over time it will increase in price faster than other consumption items.

2. While we all follow market-based measures of rent, actual rents paid goes up more slowly because some of us landlords are softies who do not raise rents to market prices. Others have long term leases or legal restrictions. I’d have to check to be sure, but I think CPI would follow rents paid more than asking prices for vacant units.

3. Some rent increases are not either real or nominal inflation but reflect recent improvements to the rental. There’s also a gradual replacement of the lowest end units and building of mostly high end rentals that skews rents upward but isn’t the result of apples to apples price increases.

4. Rents are on a long-term downtrend in very big part of the USA.

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Huge project opening downtown:

https://www.sandiegouniontribune.com/business/real-estate/story/2021-07-22/downtown-san-diego-now-has-room-for-more-than-600-residents

I lived in a great Bosa building (Discovery Cortez Hill) my first few months in San Diego.

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Kinda dumpy Oceanside complex sells for 74.1M, prior sale was 3/2019 for 57.1M.

https://www.globest.com/2021/08/02/oceansides-the-dylan-apartments-trades-for-74m/

30% gain in about 2.25 years.

I think the new owner will be pleased with the return on investment.

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