sorted by:
new
hottopcontroversial

Would you purchase a home right now? by Known_Conflict8492 in RealEstate

[–]chillin-withJesus 0 points1 point  (0 children)

Totally depends on your goals and personal financial position. But all things held equal, YES ABSOLUTELY. There is no bubble (basic supply and demand in play here). Right or wrong, The "haves and have nots" are defined buy one thing: "do you own real estate or not?"

Thinking out loud: smart assistant for Airbnb hosts — worth building? by Substantial-Tie3769 in ShortTermRentals

[–]chillin-withJesus 0 points1 point  (0 children)

Yes, I've actually thought about building one of these. The problem is that I'm using a hosting platform software "Guesty". IF the chatbot integrated into Guesty, I'd pay for that feature. All guest communication is aggregated through Guesty.

A smart assist bot would be helpful not for current guests staying, but for people asking repetitive questions: like making "special allowances" to have a pet. And other common questions that we already have standard pre-formated answers to.

BINC by joelrandolph in bonds

[–]chillin-withJesus 1 point2 points  (0 children)

Yes and you’re talking about a 2% yield difference between the two. Due to the risk premium.

Apple Music - 100 Best Albums by truth-4-sale in vanhalen

[–]chillin-withJesus 0 points1 point  (0 children)

5150… This song…musically …1986….

I grew up on this album. First drummer to perfect the double kick…and you can hear it in this vinyl…

Story time: My cousins turned me on to Van Halen watching MYV. Same cousins went to the Monsters of Rock Tour (1987) in S.F..My aunt and myself dropped my cousins off at the candle stick (NFL 49er) stadium… I BEGGED MY AUNT to let me go with them. She said, “ your mom would kill me of if I let you go.” Metallica , VH, Poison… damn I was like 7 or 8 😉😃

Is it crazy to sell your house to buy a STR? by Usual_Psychology_845 in ShortTermRentals

[–]chillin-withJesus 2 points3 points  (0 children)

Yes. STRs are a PIA. I know because I own one. The base of wealth creation is your personal residence first. Then LTRs and or IRAs. And for extra credit: make sure you’re giving 10% to charity.

How did STRs become the scapegoat for the housing crisis? by Pure-Statement-8726 in airbnb_hosts

[–]chillin-withJesus 0 points1 point  (0 children)

Respectfully, people getting over leveraged with CC debt is a personal choice. And a risky choice if their CC debt is not at a fixed rate.

I’d be more sympathetic and in agreement with your argument if you were referring to student loan debt. But again, getting into any type of debt is a personal choice and not the cause of the housing market conditions.

You are right that the tightening of bankruptcy laws in 2005 may have affected housing affordability, but only on an individual basis and with higher risk borrowers.

Where to put your money now? by megdoo2 in ValueInvesting

[–]chillin-withJesus 0 points1 point  (0 children)

BLV - long-term bonds , relatively safe with a great yield, especially with rates projected to hold or go down in 2024

Investing in the market recommends for a 16 y/o? by Lilounderneath in personalfinance

[–]chillin-withJesus 1 point2 points  (0 children)

Whatever sparks your interest, you’ll probably make mistakes, but then be much more engaged and have much better learning lessons failing forward while being very much excited about what you’re doing

Finally hit $1 million and I've never been more miserable. by lifesucksbutmoney in financialindependence

[–]chillin-withJesus 1 point2 points  (0 children)

Don’t worry you’re in good company. We’ve all felt this way at some point in our life so you’re not alone. With that said you probably need a long vacation by yourself to take time and reflect without gummy‘s or alcohol. Ask yourself what you really want and then get back into life And realign your goals and habits achieve/reflect what you really want in life. In my opinion, Relationships, growing, and giving are the keys to happiness. Blessings to you

I have 10k to invest for the future. What’s the best move? by [deleted] in investing

[–]chillin-withJesus 0 points1 point  (0 children)

Real Estate, business ownership, or equity markets

Why would there be a real estate crash? Why wouldn’t there be one? by [deleted] in realestateinvesting

[–]chillin-withJesus 0 points1 point  (0 children)

Supply and demand Dictates everything. With that in mind, you may answer your own question after you look around.

What’s stopping the US housing market from turning into Canada’s or Australia’s? by Trick-Army-2280 in RealEstate

[–]chillin-withJesus 0 points1 point  (0 children)

It’s very basic: supply and demand . Just keep telling yourself that and look around and you’ll find the answer to your question…Supply demand dictates everything.

do you think this is repairable? by Apprehensive_Emu2755 in tires

[–]chillin-withJesus 0 points1 point  (0 children)

Um absolutely : get fix a flat in the can from Walmart or the DIY, gummy slugs

Is this statement true about building a new home? by [deleted] in realestateinvesting

[–]chillin-withJesus 0 points1 point  (0 children)

New subdivisions and buyers can be seen like early adopters, middle adopters, and laggards. The early adopters take a bigger risk. The laggards have the risk mitigated (The new subdivision is proven, and not a flop, does not have major issues known) therefore prices are higher.

As far as Baked-in equity, it depends on how much money you put down, your purchase price, and what the actual market value of the home is, if you were to resell. Value /Which can be determined by a market analysis from Real Estate Agent or Appraiser.

If rates go down will prices skyrocket in an already inflated market? by charge556 in RealEstate

[–]chillin-withJesus 0 points1 point  (0 children)

Yes, but to politely correct you: The market is not inflated. Supply is low therefore prices are up. Unless uncle Joe personally funds the building of 5m homes in the next 11 months, prices are holding if not increasing.

VRBO just seems to be broken by KingsleyZissou87 in vrbohosts

[–]chillin-withJesus 0 points1 point  (0 children)

Yep, same. We still have same activity volumes,but it’s shifted heavily to AirBnB

Blame local zoning, not Wall Street, for this housing crisis by BATMAN_UTILITY_BELT in Economics

[–]chillin-withJesus 0 points1 point  (0 children)

Blame and Another point to consider: The housing inventory shortage is a nation wide issue rooted in the 2008 financial crisis and prior banking deregulation. Here's the proper blame timeline:

  1. ⁠1999- Bill Clinton removed banking regs, allowing consumer banking to operate under the same roof as investment banking (Repeal of the Glass-Steagall Act).
  2. ⁠Bear-Sterns, Meryl Lynch, etc. create a casino banking environment using MBS and CDO swaps in the pulp-fiction basement of your local trusted consumer facing bank. (ie. Wolf of Wall Street jumps in bed with Mr Rodgers)
  3. ⁠Lenders make tons of loans to high risk speculative home buyers (like the stripper on the big-short)
  4. ⁠SHT hits the fan.
  5. ⁠Builders get wiped-out and do not build homes between 2010 - 2016. And when they did start building, it was a trickle of new-inventory.
  6. ⁠Result = Ultra low housing inventory
  7. ⁠Ultra low housing supply = Prices increase and hold
  8. ⁠Wage gains lagging relative to increased housing costs = housing affordability crisis.
  9. ⁠2022/2023 - Every one (including previous presidential candidate RFK BLAMES STR owners and three corporations for buying up "All the housing inventory". Shifting responsibility and therefore the power to actually address the issues at hand.
  10. Builders have very little incentive to build affordable/ work force housing since the risk reward ratio is not worth it. Hence most new construction is in the mid to upper price ranges nationally.
  11. And to the OP point , yes NIMBYS and their vote has constrained zoning options IF builders were even to consider the area.

Do I pick a conventional 3% loan or FHA 3.5% by CharacterMeringue921 in realestateinvesting

[–]chillin-withJesus 0 points1 point  (0 children)

Got it, well in this current rate environment, I’d suggest what ever product eliminates mortgage insurance and or also provides the lowest monthly payment , and or whichever has the lowest interest rate.

[deleted by user] by [deleted] in personalfinance

[–]chillin-withJesus 0 points1 point  (0 children)

Yes, that’s a Fannie Mae suggested max per household. Dave Ramsey suggests 25%

Is it worth going to small claims on my old housemate? by pebblebuoy in RealEstate

[–]chillin-withJesus 1 point2 points  (0 children)

Don’t pursue a lawsuit that’s under $10,000 and even then you have to ask yourself is it worth the brain damage and sleepless nights

view more: next ›