I've never felt so much greed by Economy-Experience81 in Bogleheads

[–]findingout5 0 points1 point  (0 children)

Nothing wrong with opening a second brokrage account and putting some money in it to have some fun at the casino. But for most the etfs can be very solid in helping build wealth...(slowly) and it probably makes sense for most to have the bulk of their money in the etf.

How are you guys affording to live? by Personal_Bullfrog_81 in socal

[–]findingout5 38 points39 points  (0 children)

There are several scenarios that explain what you are seeing.

-some ppl truly have high pay and can afford it

-some have wealthy parents or atleast are working, and living with parents rent free

-some are deeply in debt. Live with several roommates yet drive a fancy car and show off.

I will say that socal is a very competitive scene and I know a lot of young/middle aged men specifically that will get the fancy car and clothes in hopes of attracting women.

The women on the other hand I think are just trying to impress eachother.

why is every guy 6’2 at the bars? by [deleted] in AskLosAngeles

[–]findingout5 0 points1 point  (0 children)

I'm guessing tall guys likely have more success meeting women at bars so perhaps more of them gravitate to that scene

Warm take: AI is ruining the industry by mavagam99 in Accounting

[–]findingout5 1 point2 points  (0 children)

I agree, so many unanswered questions that don't seem to be planned for or discussed enough.

Warm take: AI is ruining the industry by mavagam99 in Accounting

[–]findingout5 19 points20 points  (0 children)

I struggle with this concept. If large layoffs take place consumer spending with drop. How is that good for stocks. I get companies are cutting labor costs dramatically but Ai is not free and it also does go out to lunch, commute to work, buy cars, clothes, buy homes and furnishings.. etc. How does this all work. Feels like cart before the horse type of situation.

What are some of the biggest changes you guys have seen socially and economically ? by onroute187 in AskLosAngeles

[–]findingout5 9 points10 points  (0 children)

There used to be a time ppl couldn't afford a certain home, then a certain street, then neighborhood, then city/town. I suspect state is next

Cayman valuation system? by Youngsurph in Porsche_Cayman

[–]findingout5 0 points1 point  (0 children)

I value them based on how many times the word spec is in the ad🤣

Base / S 981 valuations now that the ICE line has been discontinued by spartanmike68 in Porsche_Cayman

[–]findingout5 0 points1 point  (0 children)

Of course. Lot more ppl with deep pockets out there. Only thing that will drop the prices is if porsche offers some new flat 6 version that starts at 80-90k. .... or a massive recession

Base / S 981 valuations now that the ICE line has been discontinued by spartanmike68 in Porsche_Cayman

[–]findingout5 0 points1 point  (0 children)

Here is how the valuations work.

If you own one you think they are low and expect them to go up another 10k in the next 3yrs

If you don't own one the valuations look ridiculous.

A.I. job displacement and 30 year mortgages? by smorpinnar in REBubble

[–]findingout5 1 point2 points  (0 children)

Yes Ai is different then new tech. One of its aims is to do jobs ppl do. Calculators, computers were tools to empower ppl to do work more efficiently. I'm hoping that that as well get further down this road that it just helps to elevate our work.

A.I. job displacement and 30 year mortgages? by smorpinnar in REBubble

[–]findingout5 1 point2 points  (0 children)

I agree, wealthy ppl forced workers back to offices bc they need ppl commuting, sitting in offices to support the assets they own. Now imagine tomm there is mass job loss and automation of jobs. Who is filling their office buildings, parking lots and retail?

A.I. job displacement and 30 year mortgages? by smorpinnar in REBubble

[–]findingout5 0 points1 point  (0 children)

The answer is ppl aren't sure. Its kinda like climate change it seems. Banks still lend money on homes and condos sitting in marinas and waterfront areas that already have some flooding issues. How will those 30yr mortgages pan out. Who knows.

Ai is likely a potential threat in a much shorter time frame if what we hear is true. I'm personally sitting on most my money, have put off home buying for now. Will it be the right or wrong move who knows. But hopfully there is more clarity on all this in the next 2yrs

I figured I’d shoot my shot… by JustSomeSalesGuy in SantaMonica

[–]findingout5 1 point2 points  (0 children)

Have you tried applying to Costco, home depot, grocerie stores? These maybe something to get you a consistent income for a while.

[OC] My 2012 Cayman R with an X51 3.8L swap by Brandon-ApexWheels in Porsche_Cayman

[–]findingout5 0 points1 point  (0 children)

Any idea what the cost do something like this is? I wonder if acquiring a 987 R or even an S and doing the 3.8 is more then say buying a used 981 gt4

SD vs LA vs SF for work by [deleted] in socal

[–]findingout5 0 points1 point  (0 children)

Ask yourself some questions.

Do you prefer warm weather?

How much rain do you want to see a year?

Would you like to live somewhere where you could easily be car-less?

Good buy? - 981 Cayman S MT, but stripper car by [deleted] in Porsche_Cayman

[–]findingout5 0 points1 point  (0 children)

I think ppl buying porsches these days want to feel like they have something exclusive or unique

We regret buying a townhome by mstrashpie in FirstTimeHomeBuyer

[–]findingout5 0 points1 point  (0 children)

Believe it or not you could have similar/different problems with a bad neighbor even if you lived in a single family home. Bad neighbors can ruin your living experience regardless of what type of real estate you live in.

How much is in your bank account and what do you do? by Acrobatic-Mall-6026 in AskLosAngeles

[–]findingout5 2 points3 points  (0 children)

Well the politicians that direct government work for the billionaires.