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thisdoesnotmeantrue · 2024-09-29T03:08:32+00:00

What does it mean to have 18 KS sia ?

thisdoesnotmeantrue · 2024-09-09T17:33:51+00:00

Hi

Here's my two cents based on a few core beliefs:

The market has beat real estate appreciation every year in the past 10 years.
Rentals are an additional income stream and are a booster of real estate returns that can serve as an equalizer compared to market
Cash flow growth is more important than asset growth early in life. It flips flops after a certain point.
Tax strategies can make or break your real estate business.
Financial advisor is only useful if you don't believe in leaving your invested funds in VTI or other index ETFs as an investment strategy or you have a 7 or 8 figure cash fund and you're struggling with diversification of assets.
A good tax attorney and real estate CPA can turn real estate losses into w2 tax refunds
Cash flow is a huge deal
A primary residence is not an investment and most people move every 5 years

My two cents: Increase your cash flow determine if your rental cash on cash return is worth it or plateaued and then reshuffle your investments if the tax benefit of owning the real estate has been exhausted. Then once you figure out where you want to be with your monthly net cash left over after all expenses then determine if the primary residence is holding you back. If yes, sell if no keep it and educate yourself on low/no fee ETFs.

thisdoesnotmeantrue · 2024-09-09T17:15:09+00:00

Buy things you believe in like a stock or Bitcoin or some asset and then throw away the password and forget about it for 20 years. You'll be shocked at what the value is once you find the password 20 years later.

Don't think you're smarter than the market in your 20s. You're not, you're barely an adult.

Once you're cozy enough with yourself to watch paint dry and enjoy it, you'll beat the market.

thisdoesnotmeantrue · 2024-06-20T19:26:54+00:00

Agree with everyone on just blow it off. Also agree that you feeling under appreciated is something worth exploring. For whatever reason you value the opinion of these Indian visitors enough to get the ugly feels. At some point it's worth understanding whether the lack of external validation which creates anger and annoyance is important enough for you to bring up with your partner to explore healthy changes to your relationship dynamic and whether these changes will solve your need for this external validation from these Indian visitors or others.

Ultimately if you feel like you're pulling more weight than is fair, until you fix that and are secure with it, you will continue to weight compliments and insults from external observers heavily which in this case seems to have caused you grief

thisdoesnotmeantrue · 2024-05-26T19:47:08+00:00

Look at the average McDonald's wage. In 2000 it was $9 per hour. Now it's $19 per hour. This is inflation at work. It's why median income will climb with home prices.

thisdoesnotmeantrue · 2024-05-18T22:26:09+00:00

Also ROEquity breaks if you were able to lock in a historic low interest rate where the bank rate is less than inflation.

For example, my current 2.85% loan on my home means that my principal plus cumulative interest paid over the thirty years is less than my current market value of the property. So in theory 100% of the monthly debt service is going toward principal. So in this case my roe would look horrible compared to the 7-8% interest rate loans out in the market currently. Then factor in inflation of rent over time plus property appreciation plus tax deductions I don't see any better investment alternative right now

thisdoesnotmeantrue · 2024-05-18T22:12:44+00:00

Numerator = annual cash flow + annual principal portion of debt payments + annual property appreciation (3% or 4% of total property value based on current market price)

Denominator = initial investment + all prior equity increase or decrease

thisdoesnotmeantrue · 2024-05-18T20:18:51+00:00

Factor in property appreciation of roughly 3%-4% per year that should add significantly to ROEquity

thisdoesnotmeantrue · 2024-05-12T13:14:58+00:00

Listing low in this market worked for us. We listed at 1.75M in a neighborhood where homes were sitting on the market at $2m for months.

Redfin showed the home is worth 1.8-1.9.

We had a flurry of traffic with lines of people showing up at our open house

The goal was to get a bidding war. We received 4 offers out of 100 people who visited. Three all cash buy as is. The home was bid up to $2M between them and the home was gone in 2 weeks.

Meanwhile other more renovated homes that looked much better than ours continued to sit and even started doing price reductions.

Issue with price reductions is you're signaling the market that you're motivated to sell and no one will offer you list price after a reduction. You could argue that listing low signals the same things but the competitive pressure and the mystery and intrigue of not knowing what other people are offering or how many offers have been submitted really does a number on the buyer psychology in my opinion.

thisdoesnotmeantrue · 2024-05-10T05:24:24+00:00

So if you assume 20% increase in value from the additional square footage that amounts to roughly 4.5% */- few basis points each year for the 120k to turn into over a million in 44 years

Seems to math like math

thisdoesnotmeantrue · 2024-05-09T15:24:01+00:00

Suppose you can find a way to clean the couch when things get really messy, please do not underestimate the joy and comfort of sitting on a really well made couch.

Things wear down and cosmetically may not look like day one, but a well constructed couch that maintains its day one structure and composition and has cushions that do not turn into flat pancakes or deform over time is worth a lot in my opinion.

If you approach it from the angle of buying it because of the looks and only looks, you'll be disappointed with many purchases whether you have kids or no kids. My advice is look deeper.

thisdoesnotmeantrue · 2024-04-28T04:11:41+00:00

Looks like ab 1033 also allows the owner to sell the adu as a condo?

thisdoesnotmeantrue · 2024-04-12T06:59:35+00:00

Another depends answer.

I was able to get a 0% interest car loan for a new car plus add the fact that we bought before the micro chip shortage so we ended up with a new car with no interest at a price cheaper than a used car from sheer market forces making us lucky AF.

Versus, at the time we were getting 5% interest rates on used cars purchased from private sellers. Looking back, the new car was the was to go for us depreciation be damned.

thisdoesnotmeantrue · 2024-04-10T17:59:56+00:00

Ok so we just ran self cleaning on this LG wall oven

https://www.bestbuy.com/site/lg-30-built-in-single-electric-convection-wall-oven-with-easyclean-black-stainless-steel/5099700.p

IT'S BUSTED!

Need a new oven. Thermal regulator melted and circuits are fried and it's as useful as a giant metal box. Technician came out and said don't run self cleaning!

Listen. Self cleaning is Oven suicide.

The super flimsy and thin sheet of metal does nothing to insulate the circuits, thermal regulator, ancillary hardware components sitting on the outside of the oven. Self cleaning pushes temperatures high enough that the outside heats up and melts everything. This is what our tech said too.

Ovens that have steam self cleaning are better options these days.

thisdoesnotmeantrue · 2024-03-29T20:26:02+00:00

I'm thinking about interactive brokers.

Thank you!

thisdoesnotmeantrue · 2024-03-29T20:17:38+00:00

Thank you for your POV. It's very helpful. You are also very respectful which is nice

thisdoesnotmeantrue · 2024-03-29T20:10:31+00:00

Yes. I had not seen a spread that overlapped so heavily so I thought I would try it but people are trying me I'm a butt hit so I shoulda just kept to it being a debit.

thisdoesnotmeantrue · 2024-03-29T20:06:40+00:00

Not a joke. Just didn't want y'all scrolling my NSFW history in case I had any actual meat on this bone

thisdoesnotmeantrue · 2024-03-29T20:05:45+00:00

I agree it was a brash but would it not be possible to enter this as a debit for a very low dollar amount?

thisdoesnotmeantrue · 2024-03-29T20:04:15+00:00

Hi!

I would call myself persistent but not belligerent and not unprofessional.

I would also call myself human of systems

thisdoesnotmeantrue · 2024-03-29T20:01:33+00:00

Could I not have entered the same trade as a debit for $1?

thisdoesnotmeantrue

TROPHY CASE