patrick.net

Bitcoin says

I am in Colorado for a week, near denver.....real estate had quite the run here too. It a beautiful state!

Boy has it. Ever since they legalized weed, their economy has been on fire. I suppose since they were one of the first states to do it, people migrated from many other states to live there. Prior to that, it was an extremely affordable place to live, with an abundance of middle class SFHs for $200k. But real estate has skyrocketed every year since then. A few I checked were up about 150% over 8 yrs. They're also now blessed with many homeless, when they had none before (that I ever saw).

I was in Boulder about seven years ago and remember a large number of homeless then.

I heard loveland is one of the more affordable places. walked new construction in Loveland which is priced in the 700's (2700+ sqft) right at the Lake with beautiful views of the Rockies. You also find new construction here in the 500's (SFH 1500 sqft).
Seeing a lot of homeless people is a given nowadays. If you can survive outside you will see homeless people in any city.

Hircus says

Ever since they legalized weed, their economy has been on fire. I suppose since they were one of the first states to do it, people migrated from many other states to live there.

That was a smart move by CO. Looks like it paid off.

Patrick says

I was in Boulder about seven years ago and remember a large number of bums & wino's then.

FIXED!

Eman says

Now, the question is are we in a bubble?

Clearly so

Booger says

Eman says

Now, the question is are we in a bubble?

Clearly so

people scream bubble twice a year now. Eventually they will be right but I doubt those people bought during the covid dip?! And so I think those bears wont even buy during a crash. Because they will always wait for the bigger one.
Are you better off dollar cost avg into the bull market and buying more on dips or waiting decades for your epic crash? :)

kinda reminds me of peter

House agent just called, they have an eager buyer lined up to pay us 100k over the price we just paid a month ago. Inflation has arrived

Yup these price gains are insane. I'm seeing lot of wage inflation to on the lower end and it is only a matter of time for it to hit higher earners.

Maybe that was plan all along for wiping out debt and reset. Biden knows and doeant care he has his protection and riches for being part of it.

RC2006 says

Yup these price gains are insane. I'm seeing lot of wage inflation to on the lower end and it is only a matter of time for it to hit higher earners.

Maybe that was plan all along for wiping out debt and reset. Biden knows and doeant care he has his protection and riches for being part of it.

Found one cleaner who may stay around $350, while now most quote $450-$550 to clean a 3 bedroom/3bathroom house. Soon they will have to "adjust" the payouts for the bums due to inflation and the cycle continues

mell says

House agent just called, they have an eager buyer lined up to pay us 100k over the price we just paid a month ago. Inflation has arrived

@mell You mean they are offering you $100k to move out of the place you just bought, without it even being on the market?

Patrick says

mell says

House agent just called, they have an eager buyer lined up to pay us 100k over the price we just paid a month ago. Inflation has arrived

@mell You mean they are offering you $100k to move out of the place you just bought, without it even being on the market?

Yes it's our buyer agent, she has a client who would pay us a 100k premium of what we paid to buy us out. But besides from us loving it here and having just moved in the turnaround costs are roughly 15%, I think, so maybe 250k would get me thinking but prob not even ;)

tech stocks are doing well.
AMZN, APPL for instance are breaking the overhead resistance. I could see APPLE at 160 in the near future.

AAPL :)

Donald says

Every stock today was in the toilet except Moderna and BioN Tech.

Bullshit. SHOP was up.TSLA was up. NFLX, OKTA, COST - up, up, up....

Donald says

FuckCCP89 says

Donald says

Every stock today was in the toilet except Moderna and BioN Tech.

Bullshit. SHOP was up.TSLA was up. NFLX, OKTA, COST - up, up, up....

Yes, my bad. TSLA was up a whole 0.31% and Netflix a whole 0.37%. Moderna was up 10%. BioNTech was up 5%

Compared to Big Vaccine, Big Tech looks like a bunch of value stocks!

Moving the goalposts, are we?

First it was "all down", now it's "not up enough".... And the childish picking of the lowest performers on pretty much random list....

Go play some Nintendo, boy.

Bitcoin says

tech stocks are doing well.
AMZN, APPL for instance are breaking the overhead resistance. I could see APPLE at 160 in the near future.

Everyone buys those products. Those stocks done well for me too. I hate Google, but their stocks do well.

Thinking about buying moderna, it got into snp 500
N PATH future is bots

KgK one says

Thinking about buying moderna

yesterday was a good day to dollar cost avg into stocks at a discount. red days are buying days for me.
bought some more TSM, ARKK, even APPL

Speaking of the housing bubble, asking prices in a shitty part of Baltimore City where I live is almost 100K. Fun Fact, a lot of the listings are from landlords who mention in the listing that there is a tenant who isn't paying. Rent are around $1100/month. Way to high for a shithole, but then again it takes 2 months rent just to cover property taxes.

zzyzzx says

Fun Fact, a lot of the listings are from landlords who mention in the listing that there is a tenant who isn't paying

anecdotal. The majority of renters still pay rent. Ask any landlord....

.....rents will go up over the next years.....we dont have a housing bubble....we have a historic housing shortage, historic low interest rates and high building costs.....and a ton of people who can afford 1M+ homes.....

Bitcoin says

zzyzzx says

Fun Fact, a lot of the listings are from landlords who mention in the listing that there is a tenant who isn't paying

anecdotal. The majority of renters still pay rent. Ask any landlord....

.....rents will go up over the next years.....we dont have a housing bubble....we have a historic housing shortage, historic low interest rates and high building costs.....and a ton of people who can afford 1M+ homes.....

While I agree with you on the housing shortage and low interest rate historic points, I have to disagree on the affordability point. We have a ton of people willing to max out credit, pay historically high prices, and make themselves house poor and live month to month with 50% or greater of their net income being used for housing payments.

ForcedTQ says

I have to disagree on the affordability point. We have a ton of people willing to max out credit, pay historically high prices, and make themselves house poor and live month to month with 50% or greater of their net income being used for housing payments.

They are not giving out loans easily.....i dont believe that people who buy homes cant afford it. What i do see is that people made a killing the last 12 month in the stock market. I see it with my tech company. RSU's have doubled since Q1 2020 if not more. Now take two high earners and they can easily qualify to buy 1M+ dollar homes.

do they live month to month/paycheck to paycheck.....maybe, sure. But as long as there arent mass layoffs I dont see an issue. Will housing plateau or decline slightly? yep....but to call this a housing bubble doesnt reflect reality.

Tech stocks are surging. Tesla new all time high? Apple, Mircosoft, google....
every time we see a correction, people scream crash and dont buy the dip, just to see the stocks reach to new all time highs shortly after.....rinse and repeat.