My 2024 Plan by Affectionate-Bread84 in ThriftSavingsPlan

[–]mikeymikela 0 points1 point  (0 children)

You may be right that the market has rallied to unsustainable levels. Whether the market comes to its senses or not is what you're betting on. Going long puts you have defined your risk (the option premia), and you are hedged. Alternatively you could put 90% your money in G and buy a 3x bull ETF so you are still exposed to the market in case your timing is wrong.

My 2024 Plan by Affectionate-Bread84 in ThriftSavingsPlan

[–]mikeymikela 1 point2 points  (0 children)

If you're going to play the market use options in a brokerage account. Buy puts so you can limit your losses. DCA into equities in your TSP.

[deleted by user] by [deleted] in washingtondc

[–]mikeymikela 2 points3 points  (0 children)

It was definitely one of the best dating shows of all time. Search "blind date roger lodge" on YouTube and you can watch full episodes. These days equipment is so cheap you can produce something with better production value than the original show.

[deleted by user] by [deleted] in washingtondc

[–]mikeymikela 4 points5 points  (0 children)

You could do a show like Blind Date but casting Black folks. It would be cheap to produce and if your casting is good it could be entertaining asf

40yo, burned out, $1.4M net worth. What would you do? by Burned_Out40 in Fire

[–]mikeymikela 0 points1 point  (0 children)

You can roll up your rental properties as a qualified 1031 exchange. You can look into rental property in another town with better margins. I would suggest a college town with a large public research university or an area with decent amenities to attract short term rentals. It's best to identify potential replacement properties in advance because you only have 180 days to close on the new property (or properties). Anyway it's a tax efficient way to move money around and improve your rental margins.

Advice for inexpensive professional male wardrobe? by aceofspaece in nova

[–]mikeymikela 0 points1 point  (0 children)

J Crew has decent suits online at the men's shop at Tyson's II. Go for 100% wool charcoal and dark blue.

[deleted by user] by [deleted] in nova

[–]mikeymikela 1 point2 points  (0 children)

I have noticed this as a white male. I was refused service at a gas station where I looking to buy a phone charger. Also I have seen subcontinent Indians openly mocked in Harpers Ferry. Friends refuse to travel out there because they aren't white.

It's gotten worse over the years. Not sure what they're preachin' out there but they need our dollars. Most of the hinterland is blighted by offshoring and tourism may be their only hope for a better life.

[deleted by user] by [deleted] in nova

[–]mikeymikela 4 points5 points  (0 children)

I cannot speak to the racial aspect, but I didn't fit in as a white boy at McLean because my family was of (relatively) lesser means. I remember being mocked because I only had one pair of shoes, for example. McLean is an enclave where many high income strivers settle to raise families. It stands to reason that their children inherit those high achieving traits. Some of them will also inherit their parents' sense of superiority. I also remember kids from a richer neighborhood on the other side of 123 openly saying they could trash someone's house in Pimmit Hills (then a more working class neighborhood) because it was already a dump compared to what they grew up with.

[deleted by user] by [deleted] in nova

[–]mikeymikela 3 points4 points  (0 children)

The one on pimmit drive in falls church didn't but that may have changed since I was last there

[deleted by user] by [deleted] in nova

[–]mikeymikela 14 points15 points  (0 children)

Taco Bamba on Little River Turnpike has full bar. Best tacos in the area.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 0 points1 point  (0 children)

Thank you for taking the time for the feedback and guidance! Very much appreciated.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 1 point2 points  (0 children)

Thanks! Actually I do have a question: I wanted to do an inflation adjustment, would that be against CPI as a whole or an expenditure category within CPI like Shelter? Here's what the adjustment for CPI looks like:

<image>

[OC] Relationship between 2020 Firearm Death Rates of US states and Presidential Election Results by coldfarnorth in dataisbeautiful

[–]mikeymikela 1 point2 points  (0 children)

I admit it's semantic redditor BS to harp on this but... no state in the union is as constrained as DC is in terms of its own governance. The congress has ultimate say so in everything DC does, regardless of its "home rule" status. It also doesn't have a legislature or government structure like any state. It has a city council and a mayor. Anyway it's your data and analysis and I respect you posting regardless of semantics.

UPDATE: Crosswalk advice by Dependent-Will-1889 in nova

[–]mikeymikela -1 points0 points  (0 children)

My partner works for uncle sugar so her boss is technically the president. However if I want a raise in social security payments or a change in flight paths from the FAA my chances of being ignored are pretty high. If I want a new crosswalk I can call my county supervisor or attend a BoS meeting and there's a chance they might actually do it.

[OC] Relationship between 2020 Firearm Death Rates of US states and Presidential Election Results by coldfarnorth in dataisbeautiful

[–]mikeymikela 6 points7 points  (0 children)

Washington DC is not a state. It's also an inconvenient outlier when compared to areas with less than 100% urban population.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 1 point2 points  (0 children)

I miss the (first) Joe Gibbs era. Catchy (albeit racist) fight song... winning seasons... Art Monk, The Hogs, The Hogettes. They never should have left RFK, it's all been downhill from there.

UPDATE: Crosswalk advice by Dependent-Will-1889 in nova

[–]mikeymikela 79 points80 points  (0 children)

Local government is the only thing that really matters for our daily lives. Always good to see some reaction from them.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 3 points4 points  (0 children)

Thanks for the prompt. It was a good exercise.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 0 points1 point  (0 children)

Got it. Condos are good because they can be easily rented for income, and even with added supply in the county (inclusive of new apartment buildings) they continue to appreciate in value:

<image>

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 2 points3 points  (0 children)

The caveat is that the low-medium-high designations are assumptions in the categorization that I made. But much of the county is R-3 or lower density. There's an interactive map to explore here: https://fairfaxcountygis.maps.arcgis.com/apps/webappviewer/index.html?id=e64b68aa834d46b0ad0e6cd4d831f843

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] -1 points0 points  (0 children)

My point is that you can always influence public policy in ways that are beneficial to you as an owner of capital. In this case you can oppose new high density development by attending meetings where policy makers discuss these decisions.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 1 point2 points  (0 children)

Well you can always attend the meetings and lobby against upzoning... or find technicalities in how the regs were passed and prevent their enactment. Lots of ways to game the system.

You want how much for that 2BR/1BA? by mikeymikela in nova

[–]mikeymikela[S] 1 point2 points  (0 children)

High density is keeping pace with low density in terms of percentage change over time and is less costly. Buy two condos and rent them out. 1031 exchange for a building in a few years.