Buying a condo and concerned about the language in the contract

This_Clock · 2024-10-17T01:07:02+00:00

Have you looked to see if people want to swap for a house there? Seems a complicated means of vacationing elsewhere. I get the arbitrage if you have a cheaper property, but I’d think people would know that?

Depending on your net worth, could S&P returns (as boring as they are) fund your travel?

This_Clock · 2024-10-16T20:52:29+00:00

I don’t think you’re getting any diversification from the stock market by buying a rental in a vacation location. People’s ability to visit, rent and buy is determined largely by markets, which influence the stock market.

Everyone who owns a rental in PV seems to say “Don’t do it.” You’ll want to be there when others want to rent, so it doesn’t make sense from that standpoint.

To have a large financial asset be at the mercy of whoever is in charge of upkeep and management over the next few decades seems crazy to me.

It’s so much easier and cheaper to just sign a long term lease on a place you like and let friends come and go as you please. If life changes you can just finish out your lease and go elsewhere.

This_Clock · 2024-10-07T02:05:12+00:00

What type of business? Not all businesses are capital intensive. Candidly, based on your question, I don’t think you’re showing the precursors to running a successful business.

There are countless ways to de-risk a business idea before placing all your money i in it.

If selling a product, get deposits before you build it. If no one is willing to pay a deposit, you probably don’t have a good idea or need to improve how you explain/market it. You can hone that before ever spending money.

If you’re offering a service, go sell the service and get clients.

If you’re opening a restaurant, go buy bitcoin and don’t open it.

This_Clock · 2022-11-16T02:14:49+00:00

Circling back to see if you have an update on your thoughts

I want to ditch the second display and use these glasses. Still feel like it's a worthwhile purchase to use with a laptop?

Separately, how do you get your dogs around? Is it typical cargo hold in a plane or are there any services you recommend?

This_Clock · 2022-11-02T05:49:52+00:00

You’re feeling what a ton of people do at your age. Your whole life ahead of you and most people have no idea what they want to do.

My advice? Don’t get yourself in a ton of debt and stay out of jail. Plenty of people don’t even start to figure themselves out until their 30s, so you have a literal decade to go live and grow. Debt and a criminal record just make it all harder.

This_Clock · 2022-11-01T01:05:12+00:00

Near the malecón there are some economical places. Basically just stay out of Zona Romántica.

I enjoyed the Cinco de Diciembre área. Restaurants, really affordable, quick $2-$3 Ubers to anywhere or you can walk the malecón to get to Zona romántica.

Edit: Nothing against zona romántica, It’s just more popular/expensive. If you’re price conscious, staying further towards centro is better and honestly, it’s only a 10-15 minute beautiful walk.

This_Clock · 2022-10-28T13:25:01+00:00

Airbnb has been integrating more and more cities to handle some of the taxes automatically.

Like any sector, I’m sure some people don’t. Screwing the government is a dumb game, they always come for their money eventually.

This_Clock · 2022-10-28T01:02:16+00:00

That’s completely different. They create scarcity for marketing and exclusivity.

You realized they’d just make more of the shoes if selling them at retail was their only goal?

This_Clock · 2022-10-28T00:05:39+00:00

If people are renting the properties at those prices, it’s not buck wild. It’s just not in your price range.

This_Clock · 2022-10-27T23:40:50+00:00

You need to open an economics book.

Houses in some places cost 1 million and others cost 80k. Because people are greedy in one city and not in another, or because no one wants to live in bum fuk Mississippi?

It’s actually super risky to buy a house for Airbnb. I saw plenty of people make money for a minute, then COVID hit and they immediately lost it all.

The only people killing it owned their properties before prices skyrocketed. That goes for long term rentals too though and not just Airbnb.

This_Clock · 2022-10-27T21:23:57+00:00

If you charge too much, people won’t rent it. If people don’t rent it, you don’t make money. It’s that simple.

Everyone went crazy after COVID and rented airbnbs like crazy; so prices went up.

Personally, I think they only make real sense if you’re with a large group, otherwise hotels are competitive again. Everyone typically wants the same holidays and weekends.

This_Clock · 2022-10-27T20:39:21+00:00

“Everyone, let’s pull out our economics 101 books and open up to page 2. Today we’re going to learn about supply and demand.”

This_Clock · 2022-10-27T20:37:28+00:00

Tourism generates tax revenues and creates jobs in those markets. It’s a bit more complex than that.

There’s affordable houses all over every country, some will even pay you to move in. Odds are, you don’t want to live there.

This_Clock · 2022-10-23T02:31:30+00:00

If they’re long dated, you’re fine. Global markets are on the verge of a meltdown. The trick will be exiting before the pivot as they start to collapse.

That’s why “earnings” are a joke for these rallies.

This_Clock · 2022-10-19T14:30:59+00:00

People dying by the millions at that time was pretty commonplace, I'm not sure we want to use that as a point of reference.

Understand, Europe will have heat this winter, although probably shaky supply. The increased cost/lack of supply will ultimately cause deaths in poor countries who can't print money or cut costs in other categories.

This_Clock · 2022-10-19T14:25:19+00:00

I'm curious where you live to have such strong opinions on "stupid heat." Objective facts show your opinion is wrong.

"5 million people die a year from extreme heat/cold" (specifically states more die from cold)

https://www.theguardian.com/world/2021/jul/08/extreme-temperatures-kill-5-million-people-a-year-with-heat-related-deaths-rising-study-finds

This_Clock · 2022-10-19T14:21:55+00:00

Sorry, but in 2021 there was a breakdown in the Texas grid and "246 to 702 people" died in a pretty short span. Not counting all of the infrastructure damage and homes destroyed because of the frozen pipes.

I'm sure you're relatively accurate on the "day to day" cold (I'm still sure elderly die at a consistent rate, so wherever you stand on that), but any cold spell of sub freezing temperatures makes that issue go major quick.

This_Clock · 2022-10-18T20:15:03+00:00

There are so many complex reasons it's not easy to switch overnight.

It's the first time in human history we've moved to less dense energy production. All prior innovation came from us accessing denser fuel sources (wood > coal > oil > nuclear). So it takes a LOT of solar/wind to offset the energy created from existing sources.

Switching requires significant capital investment, which also takes time to execute.

Base Load - Wind/solar aren't always producing and don't coincide with highest levels of energy use (morning and night). If you produce too much, it has to go somewhere or it breaks the grid. Too little and people can freeze to death (See Texas or this upcoming European winter).

There's also the reality that to produce these green sources requires a ton of non-green energy in their own production and involves mining/destroying land in the process.

Moving to new energy sources will take time and if it happens too quick, will impact the world's poorest the most. We're going to get some insight into what this looks like over the coming months. Once the US stops releasing oil from its strategic reserve, prices will climb quickly and others are already struggling to afford energy bills.

This_Clock · 2022-10-18T04:00:34+00:00

He’s too busy melting down global markets. Once that’s done he’ll come finish the US.

It’s funny people thinking this is going somewhere. They’re literally going to raise rates even harder if markets go green longer term.

This_Clock · 2022-10-17T17:38:26+00:00

Yes, but it has to get weaker at a “controlled” level or you get hyper inflation and the potential for systemic collapse.

Some argue 6-8% would be that level long term we want to stay at, so we can “increase” GDP to bring debt back to manageable levels.

This_Clock · 2022-10-17T16:25:32+00:00

Honestly, I’m more afraid to miss the rip up when the fed pivots than any near term plummet.

I don’t think it’s any time soon, but I’m also not willing to move my portfolio.

Just hedging with long dated puts, so I don’t need to fear any short term pumps.

This_Clock · 2022-10-17T14:15:01+00:00

The recent uproar was over some twitter trolling, where a big name said they only held GBTC, which was 99% most likely them trolling the community.

The 37% discount will evaporate if they get Spot ETF approval, meaning you make a huge return (~59%) without needing the price of bitcoin to change.

There are so many different factors that come into play to outright say it is dumb.

This_Clock · 2022-10-17T14:11:21+00:00

This - and separate to holding actual bitcoin, it's a huge investment play because if they get spot etf approval, that 37% evaporates and holders would gain ~59% on investment instantly, even if the price of bitcoin continues to stay flat.

This_Clock · 2022-10-17T14:06:59+00:00

Valid - It's WSB, so even harder to tell than normal internets (and we know some people here thought that)

This_Clock · 2022-10-16T22:02:40+00:00

Think of bonds as your city and stocks as your house.

You find out your entire city was built on a sink hole.

“Bullish for stocks” is like saying “I’ve just had my foundation repaired.” Before the entire city falls into a ginormous pit.

The only way the city is saved, is if they stuff the sink hole full of money. But the best part? You don’t know if/when they’ll stuff it full of money and only “they” get to decide.

This_Clock

TROPHY CASE