Tiger337 Posted February 18, 2022 Share Posted February 18, 2022 Are the homes necessarily being bought by large investors? Couldn't it be a trend where smaller stock market investors who became millionaires over the past decade have decided to invest in something real? Quote Link to comment Share on other sites More sharing options...
chasfh Posted February 18, 2022 Share Posted February 18, 2022 As bad as I am at investing, I've been very lucky with my house. I bought it in 2002 in a neighborhood in the early gentrifying stage, and I was never underwater on it even in 2009-10. Close, but never quite. Some people I know, part of that class of people trying to buy, live in and then flip a house in the city for a big profit before fleeing to the 'burbs, came in after me in 2006 or 2007 and took a big loss of as much as several thousand dollars when their escape moment arrived just after the crash. Quote Link to comment Share on other sites More sharing options...
chasfh Posted February 18, 2022 Share Posted February 18, 2022 25 minutes ago, Tiger337 said: Are the homes necessarily being bought by large investors? Couldn't it be a trend where smaller stock market investors who became millionaires over the past decade have decided to invest in something real? Redfin defines investor home buyers as "any institution or business that purchases residential real estate." https://www.redfin.com/news/investor-home-purchases-q4-2021/ Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted February 18, 2022 Share Posted February 18, 2022 (edited) the prospect of interest rates rising and P/E ratios coming down to meet them, is going to drive a lot of investors hooked on high returns into investments of questionable wisdom. Houses are expensive to carry, depreciate fast if not cared for, involve risk and overhead to rent. It's like every other investment - if you know the landscape, the local economics, the schools, stay lucky with your tenants..... And if the Chinese are buying run for your life, as every US investment boom by the Chinese for the last 30 yrs has ended badly. Edited February 18, 2022 by gehringer_2 Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted February 18, 2022 Share Posted February 18, 2022 Perhaps I can sell an NFT of my house? Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted February 18, 2022 Share Posted February 18, 2022 4 minutes ago, Motown Bombers said: Perhaps I can sell an NFT of my house? Now you're thinking! Quote Link to comment Share on other sites More sharing options...
pfife Posted February 18, 2022 Share Posted February 18, 2022 I'm going to sell Archie NFTs of my posts Quote Link to comment Share on other sites More sharing options...
oblong Posted February 18, 2022 Share Posted February 18, 2022 There’s a meme I’d like to post about NFT’s… whether this nice looking female has NFT’s… she says yes. Quote Link to comment Share on other sites More sharing options...
pfife Posted February 19, 2022 Share Posted February 19, 2022 Quote Link to comment Share on other sites More sharing options...
chasfh Posted February 19, 2022 Share Posted February 19, 2022 (edited) Low bar for what constituted “entertainment” in 1986. Edited February 19, 2022 by chasfh Quote Link to comment Share on other sites More sharing options...
pfife Posted February 19, 2022 Share Posted February 19, 2022 Ernest Goes to Camp was one if my favs as as kid Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted February 19, 2022 Share Posted February 19, 2022 Hey Vern! Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted February 19, 2022 Share Posted February 19, 2022 I can't help but think how relevant this is. Quote Link to comment Share on other sites More sharing options...
Tigeraholic1 Posted February 19, 2022 Share Posted February 19, 2022 1 hour ago, pfife said: Ernest Goes to Camp was one if my favs as as kid Yes that was great! He made alot of money during his little hey day. If you get bored youtube his mellow yellow commercials. Quote Link to comment Share on other sites More sharing options...
Tigerbomb13 Posted February 19, 2022 Share Posted February 19, 2022 1 hour ago, pfife said: Ernest Goes to Camp was one if my favs as as kid I think I wore my VHS tape of this out. Quote Link to comment Share on other sites More sharing options...
chasfh Posted February 20, 2022 Share Posted February 20, 2022 Right. As a kid. Quote Link to comment Share on other sites More sharing options...
pfife Posted February 20, 2022 Share Posted February 20, 2022 You seem to be suggesting that the 1986 White House Press Corp and the Reagan Whitehouse aren't kids. I'll let you fight that battle on your own, usually agree but here we don't 😄 Quote Link to comment Share on other sites More sharing options...
romad1 Posted February 20, 2022 Author Share Posted February 20, 2022 Earnest goes to jail was an under appreciated classic which informed The Shawshank Redemption 1 Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted February 21, 2022 Share Posted February 21, 2022 Quote Link to comment Share on other sites More sharing options...
pfife Posted February 21, 2022 Share Posted February 21, 2022 https://www.c-span.org/presidentsurvey2021/?page=overall C-Span's survey of historians Presidential Rankings. Obama cracked the top 10. Trump in bottom 4. Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted February 21, 2022 Share Posted February 21, 2022 Stay classy Trumpublicans.... Quote Link to comment Share on other sites More sharing options...
Mr.TaterSalad Posted February 21, 2022 Share Posted February 21, 2022 Fucking Nixon! LOL! 1 Quote Link to comment Share on other sites More sharing options...
chasfh Posted February 21, 2022 Share Posted February 21, 2022 10 minutes ago, pfife said: https://www.c-span.org/presidentsurvey2021/?page=overall C-Span's survey of historians Presidential Rankings. Obama cracked the top 10. Trump in bottom 4. George Bush Jr. up to #29 with a bullet! Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted February 21, 2022 Share Posted February 21, 2022 BTW, I'm just starting to read the new book on Watergate by Garrett Graff. My wife says its good. Graff goes a bit on the notion that part of Felt's motivation for being Deep Throat was that he was unhappy that he wasn't chosen to succeed Hoover at the FBI Quote Link to comment Share on other sites More sharing options...
buddha Posted February 21, 2022 Share Posted February 21, 2022 obama is ridiculously high in that ranking. so is grant. polk and jackson way too low. Quote Link to comment Share on other sites More sharing options...
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