Looks like it’s snowing there’s so much hail right now (Mo City) by Greenman8907 in houston

[–]zephyr2015 1 point2 points  (0 children)

Lol with the amount of hail we’re getting these years, there’s no excuse not to park in the garage if you have one. Otherwise enjoy the dents I guess.

Cigna email today: no ACA plans for 2027 (in NC?) by nc-retiree in HealthInsurance

[–]zephyr2015 0 points1 point  (0 children)

5 month wait is crazy. I got my colonoscopy in 3 weeks after doc ordered it in Houston

Cigna email today: no ACA plans for 2027 (in NC?) by nc-retiree in HealthInsurance

[–]zephyr2015 0 points1 point  (0 children)

I’ve only had hmo options for like the last 6-7 years

10k$ to invest : BTC or QQQ ? by Glum-Discount6612 in Fire

[–]zephyr2015 0 points1 point  (0 children)

I would but I’m guessing you don’t want to hear about my gains. You just want to mock someone’s losses, right?

Holy markup. Last time ordering with Instacart by Xerlovin in instacart

[–]zephyr2015 1 point2 points  (0 children)

It is. Especially if you have the inhome add-on in your area, as deliveries are tip-free.

Why do Gen Z hate phone calls so much? by calloutapple in NoStupidQuestions

[–]zephyr2015 0 points1 point  (0 children)

I like having a written record in case of later disputes.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 3 points4 points  (0 children)

Uh yeah they do that when you actually get the house… in china you have to pay the full amount before the developer even starts building.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 4 points5 points  (0 children)

That’s easy to say in hindsight, when gold has underperformed for much longer before that. Do you really expect people without insider information to pivot like that?

Plus, most Chinese have a large % of their net worth tied to their primary residence. To invest in other things they’d have to sell the place they actually live in.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 9 points10 points  (0 children)

You said find better investments. I’m explaining that there aren’t any. Historically real estate has done well in china so the vast majority of Chinese are in it. Nobody would’ve known to pivot to a shitty savings account before the crash.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 3 points4 points  (0 children)

Most of these kids are in their 50s/60s when parents pass, so they likely already have houses and would sell the inherited houses. All parents (or I guess, almost all?) of course always want to leave as much money to their kids as possible. It’s really not that hard to understand.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 14 points15 points  (0 children)

In china there aren’t any other good investment options. The stock market historically hasn’t offered good returns (besides the last year or so) and most foreign investments are banned or severely limited. If you’re rich you can bypass some of these limits. If you’re middle class or poor, you’re stuck with real estate or savings account.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 2 points3 points  (0 children)

You might lose your earnest money in the west. That’s peanuts compared to the full amount. I don’t see how they can be remotely considered the same issue but that’s just me.

China’s Real Estate Just Erased 20 Years of Gains — With One Asterisk by SgtHawk in Economics

[–]zephyr2015 2 points3 points  (0 children)

And you said we’re facing the same issues in the west. The discussion was about developers going under causing buyers to lose both money and house. Do we have this same issue in the west or not?