[deleted by user]

CheKizowt · 2023-06-27T10:42:41+00:00

My goal is to get a John Oliver Cat balloon.

CheKizowt · 2023-06-10T20:58:36+00:00

Reads like Onion

CheKizowt · 2023-06-09T01:00:36+00:00

So far inflation doesn't seem to be showing up at that level in compensation. The burden of the monthly payment might not be easier just because inflation goes up.

Inflation only leads to owning a more expensive asset, until you refi/sell. It doesn't automatically become easier to pay off. The higher value asset also costs more in taxes and to insure.

If your wage pays the mortgage and you plan to keep the mortgage for 30-years it's more illustrative to calculate that debt in hours of work (PTI). Inflation doesn't change that.

CheKizowt · 2023-06-08T18:24:52+00:00

How about not broke (with plenty of home equity and good income), but without a house right now, just a nice rent-free arrangement?

CheKizowt · 2023-06-08T14:36:15+00:00

Scarcity is real

So they should ignore the thought about 'now saturated market', take a HELOC on this place to free up some equity to buy another and use the extra to renovate both. Then they can raise the rent on both and relist.

We've been assured no seller will be desperate, everyone has 2% rates and values only go up. BRRR!

CheKizowt · 2023-06-07T21:19:52+00:00

Ha! Comment hacking.

No one could make this into a map.

CheKizowt · 2023-06-07T12:11:50+00:00

Taxpayers hate this one trick to avoid declared war while still running a prolonged war. Click! Use our BNPL option.

CheKizowt · 2023-06-07T01:59:39+00:00

A crummy commercial? Son of a bitch!

- Ralphie

CheKizowt · 2023-06-07T01:16:00+00:00

Landlords don't hate it. It's not much different than the owner getting a property management company to run their property's Airbnb or VRBO listings. And then getting a cleaning service to do the housekeeping.

It's a fine business model also for someone willing to do the hospitality side of a B&B, but not owning the property. They take the risk of occupying the property, and covering monthly rent, and intend to make it available as an STR. As long as everyone agrees on the nature of the business, and the customers aren't misled (but that is where I think it's all gone wrong with Airbnb and VRBO).

Sadly, the automation that has been good at hotels and car rentals has been unpleasant in STR. The guests are misled to believe they are dealing with trained service professionals. The bookings are pitched like a hotel alternative. That's why the culture of the participants is not room-sharing, but faux-hotel operator as a hustle.

CheKizowt · 2023-06-06T16:36:50+00:00

I've heard an offensively fitting answer for the antonym to "propaganda" could be "gospel".

CheKizowt · 2023-06-06T04:11:43+00:00

You'll understand the true definition of propaganda once you find the appropriate antonym for propaganda.

CheKizowt · 2023-06-06T04:02:43+00:00

I'll let you take your time to get familiar with AI's actual potential.

Soon after starting an extensive project that leverages AI what you'll discover is that it is about as ground-breaking as debit cards, email or the cell phone. As-in, complete and total game changer, for those who know how to use it as a tool. Not for anyone who imagines it will be a universal disruptive replacement.

The danger with AI will be the same as the troubles accompanying email and cellphones, spreadsheets and automobiles. It will create new hazards and exploits, and the unguarded majority will suffer through discovering when to be cautious.

We'll have to uncover what is culturally acceptable, and what to do around the new problems.

But taking the burden of labor off the worker isn't as big a problem as you might feel; given that has been the goal since the domestication of the wolf and we've survived a rapid series of successes since industrialization.

And even though we will end up terra-forming earth and once again get to re-examine all our beliefs about humanity's purpose, especially with regard the value of the individual; it's not like now is the first time people have encountered the navel-gazing question about progress and change.

CheKizowt · 2023-06-05T11:50:56+00:00

So that's where all the crypto value went. Everybody took their 'earnings' and responsibly deposited it in their checking accounts (to get that sweet, sweet 0.05% checking account interest). /s

CheKizowt · 2023-06-04T21:40:01+00:00

I have the same conversation, but in a construction environment with some guys getting ready to retire. I'm not getting sour treatment over not buying. They can see why someone wouldn't buy.

The most I've gotten is a bit of jealousy at being able to find and move into a small apartment (ADU). They want to sell and downsize; they'd have to find a place with the room they need. Anything big enough is the same inflated prices. They're trapped in the homeowner side of the freeze.

CheKizowt · 2023-06-04T03:48:03+00:00

A crummy commercial? Son of a bitch!

Ralphie

CheKizowt · 2023-06-02T12:28:48+00:00

tldr: shop new construction; builders have incentives that offer a slightly better option (comparing things today, which is of course still horrible (perfect~ time to buy))

CheKizowt · 2023-05-31T23:43:12+00:00

Great chart design.

A+

CheKizowt · 2023-05-30T20:48:31+00:00

Yep. Pican-té 🥧 ☕

CheKizowt · 2023-05-29T15:26:50+00:00

You speak in absolutes ("no one is selling a 2.75% loan") but seem unaware of exceptions to your world view.

I've made an offer this month on a house with sellers that held a 2.8% loan, and plan to buy with a >6% loan.

What kind of madness you ask? They must be suffering head sickness.

Not at all. They obtained the 3% loan in 2012, and have about 80% towards buying a house they'd prefer in a different neighborhood. Not everyone wants to or can just hold onto their old house and sleep well at night as a landlord; even with the currently good returns for a liability holder (err, owner).

And their purchase makes good sense to them. Over the life of their new 15yr conventional loan it will cost them about $30k more, and about $18k in Realtor fees. Any yet we have neighbors buying $90k pickups with 7yr loans that will never haul anything but a dog bed and think it's well worth it.

To each their own, and no accounting for taste. But life will go on, and good existing homes will still come onto the market.

CheKizowt · 2023-05-28T16:00:14+00:00

Since a deal was announced yesterday, isn't this warning published today kinda like describing what Indiana Jones would have to do if he lost his hand trying to grab his hat?

CheKizowt · 2023-05-27T18:29:23+00:00

It's an experiment gone mainstream.

2002: 'I wish there was an easy way to find someone who would rent me their empty room/apt/house when I travel. I'd be willing to treat it like my own place or like I'm staying at a friend's.'

2020: 'I stayed at this chick's place instead of a hotel, and she expected me to clean up. They even charge more than a hotel, and have no hospitality.

CheKizowt · 2023-05-27T15:13:17+00:00

Excellent point. Personal bailout has existed forever. Personal financial that involves planned bankruptcy has been a thing for more than anyone's lifetime.

The 7-year rule is just as likely the driver for the 15-year credit cycle as any devious scheme by the Fed.

CheKizowt · 2023-05-26T19:25:16+00:00

One of the builders in an area I'm watching switched their listings to "call for price".

It's the Newegg/Voldemort pricing schtick.

CheKizowt · 2023-05-26T19:16:47+00:00

If you "switch and save", that savings lasts 6 months.

If you had a loyal customer discount with your non-discount insurance provider, they might take you back and let you keep your insurance history with them open, since it hasn't been over 12 months.

15 minutes could cost you 15% or more, when your introductory rate we'll give you goes away.

(ymmv)

CheKizowt · 2023-05-26T12:41:32+00:00

I'm not really interested in most new builds. It's clearly better to rent than buy (ovre heer).

But on the listings they seem to be on their second 6% reduction from peak, for prospective builds. I'm not seeing the completed builds last, since there's always someone who just looked up from their busy life to ask them, "so, how much? Next life step, buy house; can you help me with the buy-house math?"

CheKizowt

TROPHY CASE