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The probability of the Fed cutting 0.25% in March currently stands at 55%. There was no chance of the Fed cutting rate today although Pocahontas and 3 D senators pleaded for a cut
They want rates cut because the economy is shedding jobs that are middle class. The only major job growth is in low wage jobs.
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Eman says
The probability of the Fed cutting 0.25% in March currently stands at 55%. There was no chance of the Fed cutting rate today although Pocahontas and 3 D senators pleaded for a cut
I doubt it Mister Eman unless PCE remains below 2.5% for three consecutive months ..then the Fed may start to lower rates, especially if unemployment upticks ...
If I knew what the Fed would do, I wouldn’t be posting on Patnet.
Eman says
If I knew what the Fed would do, I wouldn’t be posting on Patnet.
You keep telling us how rich you are in investing in real estate and still post on Patnet. So why would it make a difference if you knew what the Fed would do as far as posting on Patnet. Knowing this info is not going to make you rich as much as having inside information on a stock and buying calls or puts.
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Do you know you much you can make buying 0DTE calls or puts and be on the right side of the trade? I’ve seen it up to 10,000% ROI.
Eman says
Guessing surplus in Dallas and Phoenix are due to lots of new construction. But New York and Denver, shithole conditions combined with ridiculous rents.
Eman says
Do you know you much you can make buying 0DTE calls or puts and be on the right side of the trade? I’ve seen it up to 10,000% ROI.
I would say you have equity of at least $5 million in real estate and $1 million in stocks/bonds/ETFs, and at least $100,000 in cash such as checking and savings account. Anymore than $3 million in equity is rich, even in California.
Yes I know this as far as zero days to expiration (0DTE) but its not that you are going to make that much money based only on a Federal Reserve decision on the same day such as for ticker SPY or even on the leveraged or inverse ETFs with Proshares.
Which ETF or stock have you seen the 10,000% ROI ?
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This was 7/29/2022. This guy bought $880 TSLA calls (pre-split) for 10 cents that morning. Before the market closed, it was worth over $10. I was just following the guy. I made $10k on that trade while he made millions. Learned a few nuggets from him before he quit the discord to open his own Private Equity firm. The guy is a pro day trader who trades big big money.
Someone has been paying attention. If tech do well, Bay Area real estate will do well and vice versa.
Been looking at homes in the Castle Rock, CO area. The place is exploding with new development.
I believe his name was shared on here before. Looks like he expects the commercial real estate (CRE) market will experience a big downturn. If he’s right, the Fed will cut rates so fast when this CRE market hits the fan. Time will tell.
Last week I heard the Fed is absolutely going to be forced to cut rates soon if only because that insufferable cunt Yellen in the Treasury is flooding the Fed with bonds in order to force them to cut rates to fake a better economy for Biden in an election year.
Seems like the decade of inflation predictions may be true and we're not really heading out of the woods.
Apparently, someone is using a formula similar as us. Buy flips at 50-60% ARV.
If anyone learns it from the gurus and buy at 70% ARV, good luck. Reality is different, and buying at 50-60% ARV is possible.
Last week I heard the Fed is absolutely going to be forced to cut rates soon if only because that insufferable cunt Yellen in the Treasury is flooding the Fed with bonds in order to force them to cut rates to fake a better economy for Biden in an election year.
Labor cost is the same for us. Just upgrade the materials, and the ARV will go through the roof. No reason to cheap out like the Midwest.
Eman says
Labor cost is the same for us. Just upgrade the materials, and the ARV will go through the roof. No reason to cheap out like the Midwest.
Nope. Labor is more. Materials are more. The midwest isn't cheap though either. I've been in enough CA properties on vacation. They're generally trash. You getting defensive as a flipper. Why? I know construction. My family has been in it for decades. My uncle has 3 gates to get to his home in Scottsdale. The tweet you posted is a trash flip. I've seen it. I know it.
Shit on me all you want. I know a shit flip when I see it. These are facts and not opinion. What you posted is pure trash.
I shared my flips on here with links for the readers to see. What did you share with links? It’s all your opinions, and we know what people say about opinions.
Never met a flipper that didn't cut a corner on labor, construction or materials. 100% of the time. Not even debatable and you know it. Just own it. You put lipstick on a pig and screwed someone. That's the game. I'm not an idiot.
WookieMan says
Never met a flipper that didn't cut a corner on labor, construction or materials. 100% of the time. Not even debatable and you know it. Just own it. You put lipstick on a pig and screwed someone. That's the game. I'm not an idiot.
So true. I met a victim who fell for a shack of ~1.6m that the flipper paid ~1.1m few months back!
I've easily been on 500 inspections, they're cons
The second biggest economy in the world is not doing well. What will cause the next recession for the US, or even the world?
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.