The Investment Thread (5 Viewers)

[Turfie]

bird in hand

and in 10 days movement would be to 3.1875 or 3.50. mortgage rates drop with less severity than they rise from what i used to see.

We locked it in today. Whatever happens it was a good decision. Just like Winston says. It's about the decision and not the result.

Just got the appraisal in. Appraised just over the asking price for this new build (almost done). We went with a local lender instead of Rocket. The realtor said if we are waiving the appraisal (which we did...to get the house) then go with this local lender. In a wink wink she said they have never underappraised for this big time construction company.

The local lender matched everything from Rocket.

 

[Turfie]

I rented a house in the outskirts of Kitchener Ontario for a few years. New build in 2017. It has 3 beds, 3 baths. 1400 sq ft. Lot size 7000 sq ft.

It was a nice small house. Moved back to the states recently. But was curious what the landlord was going to do with it.

They listed it on September 29th for 869K. It sold in 4 days at 950K. Unreal. Truly insane.

At 5% down with a good interest rate your mortgage would be $4200 per month.

If your household income was $140K, you would take home about $105K. That's $8,750 a month after taxes.

48% of your entire net paycheck straight towards mortgage. And you still got utilities (200), phone (70), car (300) , food (400) student loans (300), and we haven't got into retirement savings.

So glad I got out. The cost of living in upstate SC is unreal compared to Ontario.

Edit: Fun fact about that house in Kitchener. The landlord bought it for 550K and owned it for about 40 months. It's sold for 950K.

That small house appreciated in value by exactly $10,000 every single month that he owned it.

 

[itztime]

I rented a house in the outskirts of Kitchener Ontario for a few years. New build in 2017. It has 3 beds, 3 baths. 1400 sq ft. Lot size 7000 sq ft.

It was a nice small house. Moved back to the states recently. But was curious what the landlord was going to do with it.

They listed it on September 29th for 869K. It sold in 4 days at 950K. Unreal. Truly insane.

At 5% down with a good interest rate your mortgage would be $4200 per month.

If your household income was $140K, you would take home about $105K. That's $8,750 a month after taxes.

48% of your entire net paycheck straight towards mortgage. And you still got utilities (200), phone (70), car (300) , food (400) student loans (300), and we haven't got into retirement savings.

So glad I got out. The cost of living in upstate SC is unreal compared to Ontario.

Edit: Fun fact about that house in Kitchener. The landlord bought it for 550K and owned it for about 40 months. It's sold for 950K.

That small house appreciated in value by exactly $10,000 every single month that he owned it.

Unbelievable

 

[Turfie]

What a cringeworthy example of wall street pumps. The guy completely forgets what stock he is pumping.


Edit: I'm placing a bet that the blackhole stocks will finally end all this. Not just cause the greatest transfer of wealth in modern history, but also (hopefully) change the corruption.

 

[itztime]

SEC reports came out yesterday and basically said what the Reddit community already knew. It appears they won’t do anything or setting the stage who knows, but as of know the Meme sticks are responding well.

 

[Turfie]

SEC reports came out yesterday and basically said what the Reddit community already knew. It appears they won’t do anything or setting the stage who knows, but as of know the Meme sticks are responding well.

It was a strange report. They essentially said something is very wrong. Interestinly they never even mentioned Market Makers.

There is no way out. The SEC didn't say they were going to do a share recall and they didn't really say their was illegal naked shorting.

So if I'm Ryan Cohen....I'm saying - So nothing is wrong, no illegal shorting? So, it shouldn't be a problem if I release an NFT dividend. Any by the way we are only creating 75 million NFTs. Good luck!

 

[bclemms]

Man, I stepped in a warm pile jumping triple short in front of the big rally last week. Still holding though. Either inflation isn't that bad, the energy crisis isn't that bad, the supply chain issues aren't that bad, the Chinese debt bomb isn't that bad, the debt ceiling issue coming up in 6 weeks doesn't matter or it's going to come plummeting down. I look at short plays like this as a hedge against lost revenue in my business in the event the markets do have a crash or a extended cooling. I've been so wrong about the macro market for a long time now. I was really right about inflation on the back side of covid but the gold play hasn't been worth a crap because it's all ran into crytpo which I was wrong about as well. I haven't been doing too hot lately. Thank god for the green energy boom and the short play leading up to covid or I'd be deep in the red on everything else.

 

[jboss]

Doesn't the very concept of a Bitcoin ETF defeat the very purpose of Bitcoin? Buying a decentralized currency by buying an ETF? From an investment firm? Beholden to a categorically centralized finance system?

 

[bclemms]

Doesn't the very concept of a Bitcoin ETF defeat the very purpose of Bitcoin? Buying a decentralized currency by buying an ETF? From an investment firm? Beholden to a categorically centralized finance system?

It's no different than buying gold ETF's or mining stocks in place of buying physical gold. I agree with you though, it's not like bitcoin storage presents the same problems as trying to store physical gold so why not just buy bitcoin? Perhaps it offers some tax incentives inside of IRA's, I'm honestly not sure.

 

[Mr. Blue Sky]

TSLA getting very, very close to getting back up to its all time high from last year.

 

[DaveXA]

Interesting.

Fed to ban policymakers from owning individual stocks, restrict trading following controversy https://www.cnbc.com/2021/10/21/fed...ing-controversy.html?__source=androidappshare

 

[Saint_Ward]

Interesting.

Fed to ban policymakers from owning individual stocks, restrict trading following controversy https://www.cnbc.com/2021/10/21/fed...ing-controversy.html?__source=androidappshare

Too bad it's just the Fed.

 

[DaveXA]

Too bad it's just the Fed.

Yeah, I'll feel better when it includes members of Congress.

 

[El Caliente]

This person’s account is such a great follow.

 

[itztime]

Everyone miss DWAC or was that on the MAP board?