231–240 of 1001 posts
Sounds like a good time to exit Blackrock as your money manager?
Earlier quoted context omitted.
> paying double for a house Are you talking about monthly payment or lump sum? When the lump sum doubles yet the monthly payment is the same, has the cost really changed? To me, no. I was never going to buy lump sum, so I only care about monthly payment.
Your liability has. If the interest rates goes back up to late 20th rates, your monthly payment isn't going to stay the same.
Probably worth pointing out this twitter account is promoting the idea that the 2020 election was stolen. To me that casts suspicion on their other assertions.
I follow this account and others like it because it allows one to be exposed to things like the idea that COVID leaked from a lab a year ago. Skepticism is warranted in all cases, of course, but I think it's extremely healthy to keep in tune with a variety of subcommunities who are in and of themselves skeptics of many mainstream narratives.
If only so many people didn't treat land and houses like investments, there wouldn't be such a disastrous hoarding problem. Henry George's Land Value Tax [1][2] seems like an obvious economic fix that would require a large fraction of the population to change how they think about land and natural resources, but most of them are invested in such a way (i.e. owning multiple houses on multiple parcels of land, often wit…
I recently went down the Geoist/LVT rabbit-hole myself. It strikes me as uniquely appealing across the political spectrum, since it reduces tax on wealth-creation AND redistributes wealth from the rich to the poor. Sadly, this very fact provokes enough superficial resistance to keep it out of the Overton window. Whenever it comes up, shouters on either side have plenty of ammo to blast it, saying things to the effect…
Earlier quoted context omitted.
> paying double for a house Are you talking about monthly payment or lump sum? When the lump sum doubles yet the monthly payment is the same, has the cost really changed? To me, no. I was never going to buy lump sum, so I only care about monthly payment.
Your liability has. If the interest rates goes back up to late 20th rates, your monthly payment isn't going to stay the same.
This touches on another point. For home owners like myself, inflation is a good thing as it makes my highest monthly expense relatively cheaper.
Earlier quoted context omitted.
I’ve ranted about this before but CA Prop 13 not only makes housing a good investment, but one that you’re extremely incentivized to hold onto forever and never move. Two people can be living in houses next to each other valued around 1.5m, and one of them will be paying 1/10th the tax. If anyone wants to buy a house, they have to first be able to afford the property, so the barriers to entry are so much higher for t…
You’re saying that old people should be driven out of their houses because younger, richer people deserve to live in their houses. I’m sure your feelings will change as you get older.
Things went off the rails at the end... > Well, the banks are controlled by and in bed with the same cabal buying everything up. You think this will be corrected by market forces when it is a financial and political pincher movement pushed by the same cabal that stole the 2020 election & hid COVID Truth? You are fucked. https://twitter.com/APhilosophae/status/1402449561864577024 IMO, weakens the entire 'thread' and m…
... but the urge to ignore my own advice is too strong since the extraneous claim is a huge head-scratcher. Doesn't this person realize the person who lost the election is a real estate developer? I realize this isn't the same thing as an investor, but it is close enough in this case.