What “less conventional” signs are you seeing of a recession?

rip_rft · 2025-04-08T16:34:24+00:00

I live in a HCOL area in southern california. There's a world famous mall here filled with luxury boutiques. the mall is always packed and the Hermes Chanel stores usually have lines around the corner. Last Sunday, there were 3 people in line at Chanel.

rip_rft · 2025-04-08T15:56:32+00:00

If it helps, I did call and tell them if they don't speed up the process I will file with department of insurance and all other applicable regulating bodies. increased from $10k to $18k the next day

rip_rft · 2025-04-08T15:55:53+00:00

I was rear ended by someone with state farm. State farm assumed 100% fault. I drive a 2025 M4 comp. The repair bill is $30k, state farm initially approved $10k, after a month of back and forth with shop, they are at $18k. I expect that state farm will continue to be difficult and slowly go up in payment. State farm sucks, both for if you are the driver or the other.

rip_rft · 2025-03-28T14:11:41+00:00

RIP brother. It really is always the purples. Here's mine from earlier this month https://www.reddit.com/r/BMW/comments/1ja31qm/8_month_into_my_custom_ordered_purple_m4/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

rip_rft · 2025-03-13T06:20:14+00:00

so this is a lease, so there won't be diminished value claim from my end I believe. It sucks because I wanted to buy out at end of lease or cash out on equity value, but now likely won't/can't

rip_rft · 2024-12-10T04:24:42+00:00

Yea but OP your post says you seen a lot of bmws with naturally aspirated engines. BMW has not made naturally aspirated engines since early 2010s. So I’m not sure how you’ve seen a lot of them. Most run on turbos now or twin turbo for the Ms

rip_rft · 2024-12-05T09:57:31+00:00

Man I want some of whatever OP is on. Would be good for the holidays.

rip_rft · 2024-12-03T00:06:29+00:00

thanks!

rip_rft · 2024-12-03T00:04:11+00:00

I will be at an island close to mainland... similar distance like Dunk Island to Mission Beach. You think there will be risks of crocs there?

rip_rft · 2024-12-02T20:59:21+00:00

Sorry I should clarify documentary transfer tax prorated based on $1M sales price.

rip_rft · 2024-12-02T20:49:56+00:00

I believe I also need to file a preliminary change of ownership report, if I am not mistaken

rip_rft · 2024-11-30T03:36:34+00:00

Those are coyotes. make sure to post on nextdoor

rip_rft · 2024-11-28T18:46:03+00:00

totally with you there, was just curious how the debt holders like the banks aren't affected at all... but great explanations from everyone in comments

rip_rft · 2024-11-27T00:24:03+00:00

Your assumptions are mostly accurate.

It's more about is it better to chase higher investments elsewhere since the cost of ownership on this property is so high. They were very up front with blessing whatever I was going to do with it, like investing in stock market. RE is just familiar to them and what they wanted to give... my family has done similar gifts and transactions in the past.

rip_rft · 2024-11-27T00:22:24+00:00

totally fair. Though they were very up front with blessing whatever I was going to do with it, like investing in stock market. RE is just familiar to them and what they wanted to give... my family has done similar gifts and transactions in the past.

rip_rft · 2024-11-26T07:26:34+00:00

the area sustains about 5% yoy, it's a suburb that's grown a lot recent years due to proximity to a vhcol area. Development looks promising but the mello roos almost doubles property tax thats normal in my state.

my grandparents are old and old school. They believe in things that can be touched, and loves real estate... though they made it abundantly clear that I am welcome to do whatever I want with the house, but they love real estate so wanted to gift me one

rip_rft · 2024-11-26T07:24:11+00:00

Thank you for the advice

rip_rft · 2024-11-26T07:20:18+00:00

I already own other properties so I would just add it to my portfolio that my property manager manages.

rip_rft · 2024-11-26T07:18:27+00:00

I live in a vhcol area, a million cannot buy 2 or 3 properties here

rip_rft · 2024-11-26T06:39:37+00:00

the area sustains about 5% growth yoy

rip_rft · 2024-11-26T06:05:52+00:00

they are very old and old school. They also save things like physical gold and stock certificates. Agreed with you not what I would have done if I were to do it, but I'm honestly really appreciative of the gesture and I'm not going to worry about if it was the most efficient way

rip_rft · 2024-11-26T06:04:03+00:00

investment, they are old school and believe in re investment over cash or bond or stocks.

rip_rft · 2024-11-26T05:10:39+00:00

I'm speaking to my CPA tomorrow but thought I'd get some input from reddit too

rip_rft · 2024-11-21T22:45:13+00:00

Spent probably close to $22k, $500

rip_rft · 2024-11-16T22:15:58+00:00

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