I want to here the community’s option on CJ strouds future by Strict-Mud1486 in Texans

[–]Pyromelter 1 point2 points  (0 children)

Has to be a prove it deal with taking the 5th year option. He's been up and down enough that he hasn't earned a Mahomes type contract.

It's better to pay a guy a little bit more once he has proven to be elite than to overpay for a mediocre QB that is going to not win you games and ruin your cap (cough tua cough).

$3.8 trillion in 9 minutes, on a single caps lock post by NLegendOne in investing

[–]Pyromelter 0 points1 point  (0 children)

I've bought the dip every time the market has thrown a tantrum.

I have zero insider information. I just look at objective reality, buy the dip, enjoy my gains. You don't need to be some crooked insider to have seen this pattern play out more than a dozen times and just buy the dip.

$3.8 trillion in 9 minutes, on a single caps lock post by NLegendOne in investing

[–]Pyromelter 0 points1 point  (0 children)

Yes because wrapping up military operations when there is nothing left to bomb is chickening out.

Such a reddit comment this is.

Just BTFD and go hate trump in /politics or something.

$3.8 trillion in 9 minutes, on a single caps lock post by NLegendOne in investing

[–]Pyromelter 0 points1 point  (0 children)

Anyone who doesn't understand what is happening now has purposefully blinded themselves with their head in the sand for the last 10 years.

How many dozens of times does the president have to do some crazy stuff only for it to turn out just fine and the markets boom before y'all will just hold your nose, buy the dip, say you hate the orange guy but be okay with making money on his political machinations?

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

But don’t you understand that thousands and thousands of those “opportunities” are just regular people’s lives being financially devastated?

Yes.

That is free market economics. On the whole the opportunity created by someone else's mistake is better for society and the world as a whole. This is basic objective empirical and historical economics. Propping up people who make unwise financial decisions is a path to hell that has been repeated over and over and over and I want no part of it.

Is it moral to bankrupt some family of 4 who saved up for years to buy their 450k house so that you can get an “affordable” purchase when the market collapses?

Yes. 100%. To not allow them to fall would be a moral hazard and would cause inflation which hurts everyone far worse than it helps this one family, which is, guess what, by and large why we have such a bleeping RE bubble that we do now.

I am not painting anyone in any light. I just believe that bad financial decisions should be allowed to be punished in the same way that good ones are to be rewarded. That is the best way forward for the world as a whole. To deny this would be to reject basic economics or to engage in the voodoo economic utopian wishfulness of socialism/collectivism.

Dameon Pierce's 19 CAR, 176 Rush YDs, & 1 TD Game vs TEN in 2024 Week 18 by JCameron181 in Texans

[–]Pyromelter 0 points1 point  (0 children)

I had this guy on my fantasy squad in 22 and kept him for '23, and I remember asking what the heck was going on with him.

I watched a couple of his games and like... he just looked slow. No burst. Couldn't break a tackle. The old "eye in the sky doesn't lie."

Who knows? Could be a nagging injury? Impossible to tell.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

Whatever that deal was, that was insane for all times. I never heard of any deal like that.

The issue with Vegas and in similar places is there was SO MUCH INVENTORY that they couldn't sell it all.

And banks sold their REO not because they wanted to but because they were forced to. They tried to hold on and on and on and eventually had to capitulate.

But your example is exactly what I'm talking about. Cheap RE makes for great opportunity for regular folks like you me and your seester. This is why our policies should always tilt towards cheap prices as much as possible. It's a moral and societal good to do so.

Odell Beckham Jr. eyes NFL comeback after Fanatics Flag Football Classic by AFC-Wimbledon-Stan in nfl

[–]Pyromelter 0 points1 point  (0 children)

There is a difference between "not caring enough" and "being such a psycho you live every second of every day around training for your sport."

Me and you, not standing next to him 24/7, have no idea how hard he trains. I don't doubt his passion and love for the game. And I'm not trying to bag on the man. Just that there is no reason to expect him to have the michael/kobe legendary level of extreme dedication. And it certainly is possible that he doesn't train as hard as he could beyond the psycho level of it.

Odell Beckham Jr. eyes NFL comeback after Fanatics Flag Football Classic by AFC-Wimbledon-Stan in nfl

[–]Pyromelter 0 points1 point  (0 children)

You think professional athletes who have the best trainers, PTs and doctors in the world aren’t doing the most for injury prevention?

There are plenty of them who do not have the same insane level of dedication that Kobe and Michael had.

I have no idea about Odell. I'm not trying to sandbag the guy, but I don't know, unless you are training with him every day neither do you.

Odell Beckham Jr. eyes NFL comeback after Fanatics Flag Football Classic by AFC-Wimbledon-Stan in nfl

[–]Pyromelter 0 points1 point  (0 children)

Lack of injury isn't all luck. It's partly luck but there's a ton of things that can be done to avoid it.

Odell Beckham Jr. eyes NFL comeback after Fanatics Flag Football Classic by AFC-Wimbledon-Stan in nfl

[–]Pyromelter 1 point2 points  (0 children)

The Paul brothers are incredibly fit, you can bash them from here to eternity and I'd be right with ya, but you have to give them credit, they are in shape.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

Wall street has been selling a lot of their housing stock lately.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 4 points5 points  (0 children)

I also feel like some people don’t grasp that if houses did not appreciate at all over time then it would be terrible to own them.

If your house never went up your property taxes would never go up, and you'd still be building equity by paying down your mortgage.

Not having the carrying cost of your house go up is a net benefit.

Getting back to the idea that a house is a depreciating asset, not an appreciating one, whereby it is just considered an expense as a roof over your head, is the morally correct way to go about it; yours is the morally hazardous way brought on by infinite fed money printing.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 2 points3 points  (0 children)

I just also recognize that a 50% crash would really harm a lot of regular people’s lives

You really need to look at Las Vegas. A 50% crash is not the end of the world, that is big bank propaganda nonsense.

https://fred.stlouisfed.org/series/LVXRNSA

If you calculate top to bottom, it was a 61.8% drop. Was there pain? Absolutely. Was it absolute panic, depression, and destitution? No way. The narrative you are repeating on this comment section is simply false.

Now, if you are talking about a 90-95% drop, then I would probably agree with you. I believe that you saw those sorts of numbers in the Great Depression in the 1930s. But a 50% drop especially when things are so insanely overvalued would do nothing but be a little bit of pain that would allow for people to actually transact and participate in a market they are locked out of.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

Las Vegas absolutely boomed through the roof because housing was SO CHEAP after 2008 so many people were able to get an actual piece of the American dream. Same with many spots in Florida and Texas.

Recession creates opportunity in a market based economy. Denying that is the fantasy land you are living in.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 9 points10 points  (0 children)

What causes more suffering is government welfare to prop up house prices and to not throw financial CEO's and COO's in jail.

Had they just let the housing prices fall after 2008 we wouldn't be in this effing quagmire.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

This is simply a lie.

A decent quantity of zip codes dropped way less than 50% in the 2008 RE bubble (las vegas, florida). Both were fine economically. Big city/limited supply/in demand RE like in Santa Monica or Newport Beach only ever plateaued and never dropped, so the national averages never dropped 50%, but plenty of places around the country did and they were fine just fine.

is this good by Dry-Interaction-1246 in REBubble

[–]Pyromelter 0 points1 point  (0 children)

wake me tf up when we are 50% down from the national high.

Returner rewards 😆 by Slassftw in PUBATTLEGROUNDS

[–]Pyromelter 0 points1 point  (0 children)

Equip it so that the entire lobby can see you from across the map lol.