I just wanna be on the boat in the picture.
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Unfortunately, you are
From my perspective, it’s a fortunate on 2 levels.
We all gonna die someday when the sun explodes, and I’m a pretty
good swimmer in these waters…especially with motivation.
Edit-dang market up nearly 2% 
Buffett said said be fearful when everyone is greedy and greedy when everyone is fearful. Bezos once said to Buffett your investment strategy is so simple and successful why doesnt everyone follow it, Buffett replied people don’t want to get rich slowly they want to,overnight.
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Rent is going up because the landlord’s interest expense is going up.
We are fighting an oil and food supply issue with higher interest rates. It is crazy. We are authoring our own financial calamity.
Most landlords mortgages are locked in if they have one, new puchases and building is different of course, what percent do those constitute the present market
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I Bonds are currently paying 9.62%. It will adjust on Nov 1
Picked up one now and will get a second after 11/1 just hedging a little. Hard to lose.
Agree, great opportunity. I tried and the geocities style website wouldn’t let me. I have to go to my bank and get a letter but haven’t done it.
Going to watch next month and probably do it all then.
We do face increases in Texas because of the higher property tax rate but even that isn’t significant. Mainly landlords raised rent because the market allowed them to. Unless they are just nice people, they are gong to list it for as much as they can get.
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Why rent is going up and price increases ie., ( inflation) people are making up for the 2 years of COVID they couldn’t evict folks in a lot of cases collect rent and were forbidden to evict people Their digging themselves out of a hole. .That the big reason, the media has conviently forgotten to tell
I would bet it was less than 1% of landlords that fell into a hole. The housing market sky rocketed and they are getting higher profits now. Investing in duplexes/quadplexes 10 years ago would have been a HUGE win. Property has doubled or tripled in value and rent from a single side probably covers 2-3 months of mortgage payments. That is just looking at it from the individual angle. The companies who are doing it are raking in money right now off properties they paid off years ago.
What does the coogfans brain trust here anticipate the market falling to over the next
12-18 months ?
Is 18,000 - 19,000 in play ?
Do you see it being above that or below that ?
side note, my “deep” analysis guesstimate is just looking at mkt peak and lows
from great recession and saying the 35,000 was our peak.
Reuters—
Xi set to open party congress at challenging time for China
It’s hard to find a China watcher who thinks President Xi Jinping won’t keep his grip on power as the Communist Party meets for its weeklong congress on Sunday. Few expect a third Xi term to deviate from policies he and the party have established as priorities, even if there are many reasons why change might be essential… China watchers want to know how Xi will steer the country through youth unemployment, high debt, the carnage of the property-development crisis and the balance between managing COVID and economic health.
[EDIT Monday AM 2022-10-17]
https://www.cnn.com/2022/10/14/economy/china-party-congress-economy-trouble-xi-intl-hnk/
Some stuff out there that the increase in rents is transitory. IDK if true because to my layman’s eye, we still have a housing shortage.
Glad I’m not looking to rent. Prices for Houston are eye-popping considering this has been a cheap huge city in which to live.
The thing about youth unemployment there surprised me a bit. I was under the
impression that due to many years of the “1 child” policy, taking care of the elderly
was going to be a burden and require lots of elder care (nursing type jobs). But perhaps
covid minimized that eventuality. Or my American bias of how elderly are cared for, doesn’t
apply in that culture.
Still, you hear reports of slave labor and stuff, and the huge manufacturing done there, and
youth unemployment never crossed my mind as a problem they faced. Idle youth hands can
breed revolutions.
I think a lot of places the percentage of homes owned by companies is too high. It prices people out of owning and drives up rent prices. The pandemic actually helped many of those buyers and that is why we saw record percentages of companies scooping up houses in 2020-2021. Don’t know how you stop it either. But owning a home is supposed to be the core of the American dream and is the easiest way for families to build wealth so something needs to be down.
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1 billion snow crabs have disappeared from Alaskan waters. Crab season is cancelled.
Maybe ask Xi
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Thats disappointing; one of my favorite foods.
Why ask Xi ?
Disease and climate change are only reasons being discussed.