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kev374
ParticipantI put in my buy order today, VOO @ 251.25 for 1094 shares, total value ~$275,000. I am going to take a bet that the market will be higher end 2018. Even though it’s crazy I think the market has solid momentum.
Participantwhat’s the big deal? He did not do half as much as our commander in chief who is a #1 sexual predator and yet throngs of people worship him…
ParticipantIrvine has a way better shot than SD, more tech talent and better cost to value given it’s proximity to the 2nd largest metro in the US. SD is way too expensive for what it is.
Participant[quote=scaredyclassic]
marriage tax penalty is the phrase, not singles tax penalty. many marrieds would do better divorced, taxwise[/quote]what I meant was that married people share a lot of expenses and on top of it earn double the income so they don’t need that much relief.
Both Singles and Married people have fixed costs, adding an additional person to a household does not result in doubling of the cost but it’s a fractional increment. Deductions and exemptions are meant to offset some of the costs of living, by this argument yes, there is no penalty, it’s fair. $260k or 30% higher than a single sounds about right.
Participant[quote=plm]
Married 35 percent rate starts at 260K. Discrimination of married people, not singles.[/quote]Married people don’t need more breaks, they have had enough over the years especially those with kids. Singles have been the biggest contributors income percentage wise.
Participant[quote=andymajumder]it will hit the coastal housing markets hard, effectively this increases the cost of buying a home in these regions significantly and will crash the market which in turn will affect economy and job losses for folks down the chain.[/quote]
This is an excellent outcome. Regular people will be able to afford homes again just like it has been the case for many many decades before the speculative run-up starting in 2003.
Participant35% rate starts at 200k for singles and $1 million for married? Sounds like discrimination towards singles to me.
Participantthis may be a good thing, home ownership is subsidized too much and the benefit goes only to the affluent as most people in lower cost areas don’t use the mortgage interest deduction anyway since they don’t itemize. There is no reason why society should subsidize wealth building by the fat cats in our society.
And for the record anyone who can afford to comfortably buy the average SoCal home is by definition a fat cat, average list price in OC is $750k, are you F-ing kidding me?
Participant[quote=CA renter]IMHO, the stock market has been rising under Trump because capital is getting exactly what they wanted with Trump — lower taxes for capital and higher taxes for labor, in general.[/quote]
except they have not got it yet, it’s an anticipation.. and my guess is that the way Trump is feuding with virtually everyone around him it’s a tall order he will accomplish anything besides stroking his own ego.
How will the market react when they realize that Trump is an Emperor with no clothes.
ParticipantI am reading in a lot of places that Atlanta has the top shot at this now just because of it’s geographic location, Amazon wants to have a HQ closer to the East coast, it’s the biggest airline hub in the country, serves as a terminus for a lot of road traffic, has a huge amount of tech talent, strong economy, good universities and schools, relatively affordable housing (at least for now), relatively good weather, in addition Georgia is giving $1 billion in incentives etc.
ParticipantI countered with the argument that if a recession hits and I lose my job I may be effectively screwed if I am unable to rent it out. He said that is pretty much impossible to lose since if I would give a $1000 discount there would be hordes of people willing to rent particularly in a recession when people are looking for discounts. So $1000 x 12, even a 12 month buffer is just $12,000 that I need to have.
Somehow, I am more uneasy about this, it can’t be so simple and risk free or can it?
An $825k home can rent for around $4500? I am guessing but is there that much rental demand in this segment? I think not. Not many people rent such homes, they usually purchase them.. that is what I am thinking.
The type of people that can afford to lay down $4500 a month is slim and even if they could it’s more likely they would be buyers not renters. That was my thinking. Now one can always rent individual rooms out but that is also a challenge I guess.
I felt $1500-2500 is the sweet spot to find renters.
ParticipantI don’t live in Irvine but close, around 6-7 miles away. I don’t own a home, I rent. Investments I have some in my 401k, I have a large chunk of change in cash that I kept liquid to use as a 20% down payment to jump on a home in case one popped up but have not been able to find any inventory that I liked in my price range so that has been a huge waste as I kept it out of the market and missed all the huge gains but oh well, whatever.
So, at this stage it is either get back into stocks (which are at all time peaks) or get into real estate investment at a $700-800k price point which is nerve racking.
October 6, 2017 at 10:52 AM in reply to: San Diego rents up 7.6% in 12 months, up 8.4% prior year #808061Participanteverything is inflating, the new paradigm in keeping up with increasing costs is either being in stocks or real estate… traditional income is just not keeping up. If you aren’t in stocks or real estate you are losing ground each year.
ParticipantThe 21% jump in the stock market is because the fool has promised all the corporates the moon, when he is unable to deliver, which is only a matter of time now, there will be a 30% crash, probably even more. A total waste of time that could’ve been used by someone else more fit for leadership.
Trump talks the good talk but at the end of the day he is just an gigantic prick who is more occupied with running his mouth to defend his fragile ego than doing good for the country.
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