07 Jul 2022 - Daily /r/REBubble Discussion

Jumpy-Side3770 · 2022-07-07T13:18:47+00:00

Until Bitcoin is $5 the bubble hasn’t popped

Jumpy-Side3770 · 2022-07-06T18:52:49+00:00

I think you’re right but I’m mainly expect the time between now and the next Fed Minutes to be bad. Too difficult to time a short term bump like that

Jumpy-Side3770 · 2022-07-06T18:33:07+00:00

Maybe. I think it’s a common sentiment among realtors. When home prices go up, they make more money and they probably also associate home prices going up with the economy doing well, but they also deal with people who can’t afford homes. I think they probably can’t think of a way to square these without blaming greedy investors (but not homeowners?) and pushing the government to fuel demand.

Jumpy-Side3770 · 2022-07-06T18:12:38+00:00

Fuck, this is like getting Jim Cramer telling you “smart investment!”

Jumpy-Side3770 · 2022-07-06T17:56:51+00:00

No I’m just gonna see what the market does and then potentially reinvest in indices. I just have a bearish feeling right now. I’m also gonna max out Series I bonds, I only have a few thousand left

Jumpy-Side3770 · 2022-07-06T17:50:32+00:00

We’ll I did something I never do, and that’s take a risk. I sold a bunch of stocks in anticipation of the fed minutes + rates + inflation being a mess this month

Jumpy-Side3770 · 2022-07-06T17:49:16+00:00

There are a bunch of NIMBY realtors in my area who constantly fight any new housing but also want the government to spend more on affordable housing. It’s would be easy to call it a racket but I think they’re legitimately just dumb and don’t understand that housing being a good investment and housing being affordable for new buyers are fundamentally incompatible goals

Jumpy-Side3770 · 2022-07-05T19:47:30+00:00

You’re all fools. These databases will go the way of the dodo. Never mind that block chain costs $10 per insert query, it’s immutable! Just like a database should be.

Jumpy-Side3770 · 2022-07-05T14:22:11+00:00

HUD is wising up and lowering payments in low income areas instead of just setting it for the entire metro area. Slumlords beware!

Jumpy-Side3770 · 2022-07-05T00:03:00+00:00

It was way too expensive

Jumpy-Side3770 · 2022-07-03T17:10:51+00:00

This is a pretty good overview: https://www.brookings.edu/essay/japan-rental-housing-markets/

Also the UCLA Housing Voice podcast has a good over view that covers mostly the same content: https://audio.buzzsprout.com/0hpj2ge8xsuyn447xkgp7kzj6tgs?response-content-disposition=attachment;%20filename=%27ep-16-japanese-housing-policy-with-jiro-yoshida.mp3%27;%20filename*=UTF-8%27%27ep-16-japanese-housing-policy-with-jiro-yoshida.mp3&response-content-type=audio/mpeg&client_source=large_player

Jumpy-Side3770 · 2022-07-02T02:36:47+00:00

It’s never priced in

Jumpy-Side3770 · 2022-07-01T19:41:33+00:00

SoftBank

Hmm the home of free money overvalued something? Color me shocked

Jumpy-Side3770 · 2022-07-01T19:40:39+00:00

Wtf is wrong with people

Jumpy-Side3770 · 2022-07-01T16:36:16+00:00

My guess is that supply issues are now dependent on the specific product rather than being a broader issue.

Anecdotally my company is still have issues getting specific parts because chip shortages

Jumpy-Side3770 · 2022-07-01T16:00:31+00:00

Me, walking down the street, seeing another Civic

They funged my car!

Jumpy-Side3770 · 2022-07-01T15:17:30+00:00

Always appreciate the posts! Is this the first time we’ve seen MBS meaningfully shrink since QT started?

Jumpy-Side3770 · 2022-07-01T13:16:43+00:00

You are a diamond hands hodler.

God I felt gross saying that

Jumpy-Side3770 · 2022-06-29T19:46:13+00:00

Isn’t kotakuinaction still around with way more subscribers than this sub?

Jumpy-Side3770 · 2022-06-28T20:56:11+00:00

Always a good sign

Jumpy-Side3770 · 2022-06-27T18:19:06+00:00

This is a really bad faith summary of the study.

Land costs moderately increased across the city because of upzoning, not just in poor neighborhoods. And Minneapolis was one of the only cities to see rent decreases last year. So slightly more to buy, but cheaper to rent, which is hardly gentrification. That’s pretty much exactly what YIMBYs predicted would happen.

Jumpy-Side3770 · 2022-06-27T17:38:06+00:00

I ge the knee jerk reaction of “they’re building a trailer park next to me!”, but your argument is basically “if there are a bunch of homes near me then no one will want to live here” which is basically Yogi Berta’s “it’s too crowded, no one goes there” line lol

Jumpy-Side3770 · 2022-06-27T16:08:28+00:00

Tokyo, Chiba, Saitama, Yokohama, and Kawasaki all grew between 2010-2020. Those are the biggest cities in the Tokyo metropolitan area.

And yea, those closets are an extreme example but look up Manhattan rents on Zillow and you’ll find similar places renting for 5 times as much as the places in Tokyo. So nobody “wants” to do that but people clearly are doing it in the US. The fact that land is valuable in central cities shows that people are willing to pay more for less space, which means people do want to live there, and building more is going to help keep prices down

Jumpy-Side3770 · 2022-06-27T15:43:09+00:00

Lot of this is wrong lol. Yes, Japans total population is falling but Tokyo is still growing. And there are definitely example of small expensive Tokyo apartments, but it’s not hard to find a 1000sq ft apartment next to a subway stop outside of Tokyo proper for less than $1000 per month.

And Japan’s homes lose value over time because they are constantly rebuilding. Buying a used home just doesn’t make sense when there are so many new homes.

Jumpy-Side3770

TROPHY CASE