[spdrun]

Till the next time. I suspect the real fun will begin if impeachment proceedings are initiated against Trump.

Congress going Democrat in ’18 after two years of Trump shenanigans might be a good starting point for interesting times.

[spdrun]

I wasn’t scared when markets were falling in 2008. I immediately thought “cool beans, buying opportunity.”

It wasn’t a crisis as much as a correction — practically speaking, you realize that buyers will jump in eventually. Happens during/after every correction.

[spdrun]

The crash was only scary for idiots who didn’t engage their brain before signing on the dotted line in 2005 to 2007.

[spdrun]

I’m actually hoping impeachment happens, not because Pence is better than Trump, but because uncertainty nudges people away from spending.

[spdrun]

Is the 40% figure you cite adjusted for rents, mortgage rates, or inflation?

If you’re only talking about inflation, $525,000 was the peak bubble valuation ca. 2005, and inflation was 25% since then ($525k/420k), wouldn’t the true peak be about 25% higher?

[spdrun]

Depends on locality. The work-around in some areas is for the tiny house to have wheels, and thus not be a permanent structure 🙂

[spdrun]

LA would probably be a better comparison than SF — SF rents aren’t sustainable. Not everyone is an overpaid techbro, and firefighters, students, teachers, nurses, etc need to live somewhere.

And I’m pretty sure SD wouldn’t want them, since it would change the character of the city. The headline is that an average DOCTOR can’t afford 60% of the homes in SF.

[spdrun]

Without knowing what it looks like inside, what’s wrong with it, etc, you have no way of knowing what “market value” is for that specific property. It could have been a crack lab with scorch marks on the walls and a cracked foundation for all we know.

Also, it could be something like a family buyout of a jointly owned property.

[spdrun]

Not necessarily — equipment maintenance, installation, etc, aren’t free. It’s a cost balance between McJerb wages and automation.

[spdrun]

$15/hr doesn’t help you if your McJerb has been replaced by a touch screen.

People should keep buying stocks on margin. The more margin debt, the more chance of a small shock making the entire thing unravel in a melodic chorus of margin calls.

[spdrun]

Aren’t there plenty of loans that don’t require 20% down anyway? “Standard” in this case just means “doesn’t need PMI.”

This being said, this bubble is getting long in the tooth. Here’s to more chaos in DC, maybe another bad recession, before this happens.

[spdrun]

Here’s the question about being married:

Would it be better to own a nice house, but have no income from it, or own 4-5 houses in less nice areas, populated by reliable ATMs-on-the-hoof, providing more than enough income to rent a nice house or condo?

Seems that real estate ownership could provide a lot of independence, even if you don’t actually live in it.

[spdrun]

If you’re single, buy where you can rent it easily to an ATM on the hoof (aka a tenant). I live near a couple of hospitals, a university, and a med school. Med and Ph. D students make great, quiet tenants.

[spdrun]

Yeah, I don’t normally like police brutality, but if a few of those assholes had some sense beaten into them by DC’s finest, they’d have deserved it. Richly.

[spdrun]

And one going off in the cargo hold, possible starting a lithium fire would be somehow better? Lockerbie was done by a checked bag.

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