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Okay so the Recession is here, what are the opportunities we should be looking at in the next 1-3 years?
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2022 Jul 28, 8:54am 1,553 views 18 comments
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2
Ceffer
2022 Jul 28, 8:58am
Ceffer
2022 Jul 28, 8:58am
San Antonio housing looks very promising as an asset hedge, at least by California pricing standards. Wouldn't be interested in speculation or appreciation, just something real in case of rampant inflation.
3
Goran_K
2022 Jul 28, 9:04am
Goran_K
2022 Jul 28, 9:04am
Ceffer says
It's an HK UMP 45 build, done by Tommy Tactical. It's was pretty pricey but as you can see, a beauty. It's different than your typical Heckler and Koch sub-gun because it's a direct blow back system (as opposed to roller delayed). 25 rounds in german straight mags.
Elite thinkers? I guess that eliminates me at the gate. How about lunatic fringe speculators? I want the third weapon down. What's the calibre and number of rounds?
It's an HK UMP 45 build, done by Tommy Tactical. It's was pretty pricey but as you can see, a beauty. It's different than your typical Heckler and Koch sub-gun because it's a direct blow back system (as opposed to roller delayed). 25 rounds in german straight mags.
4
Goran_K
2022 Jul 28, 9:05am
Goran_K
2022 Jul 28, 9:05am
Ceffer says
Well I already live in Texas, I wouldn't mind buying a small apartment building, or a triplex in San Antonio.
San Antonio housing looks very promising as an asset hedge, at least by California pricing standards. Wouldn't be interested in speculation or appreciation, just something real in case of rampant inflation.
Well I already live in Texas, I wouldn't mind buying a small apartment building, or a triplex in San Antonio.
7
1337irr
2022 Jul 28, 9:32am
1337irr
2022 Jul 28, 9:32am
Ceffer, if you are interested I'm happy to share an investment I have in a real estate company doing a major development down there in San Antonio.
https://www.mysanantonio.com/business/commercial-re/article/lone-star-development-san-antonio-16993038.php
https://www.mysanantonio.com/business/commercial-re/article/lone-star-development-san-antonio-16993038.php
8
Goran_K
2022 Jul 28, 9:34am
Goran_K
2022 Jul 28, 9:34am
1337irr says
Are they going to redevelop that entire property?
Ceffer, if you are interested I'm happy to share an investment I have in a real estate company doing a major development down there in San Antonio.
https://www.mysanantonio.com/business/commercial-re/article/lone-star-development-san-antonio-16993038.php
Just shoot me an email at rob.w.birch@gmail.com
Are they going to redevelop that entire property?
9
Patrick
2022 Jul 28, 9:39am
Patrick
2022 Jul 28, 9:39am
I'm not sure of what would be a good investment in the next 1-3 years.
If Brandon keeps sabotaging the economy, all stocks may fall.
Housing looks quite wobbly to me.
Gold seems good for at least preserving value, but there are big swings there too.
Given that the Democrats create poverty, maybe it's a good time to invest in businesses which cater specifically to the poor. Ross Stores sells very cheap clothing, for example: https://finance.yahoo.com/quote/ROST
If Brandon keeps sabotaging the economy, all stocks may fall.
Housing looks quite wobbly to me.
Gold seems good for at least preserving value, but there are big swings there too.
Given that the Democrats create poverty, maybe it's a good time to invest in businesses which cater specifically to the poor. Ross Stores sells very cheap clothing, for example: https://finance.yahoo.com/quote/ROST
11
Ceffer
2022 Jul 28, 9:42am
Ceffer
2022 Jul 28, 9:42am
1337irr says
Thank you. I will bookmark and consider it. I am just looking into things.
Ceffer, if you are interested I'm happy to share an investment I have in a real estate company doing a major development down there in San Antonio.
Thank you. I will bookmark and consider it. I am just looking into things.
12
Goran_K
2022 Jul 28, 9:47am
Goran_K
2022 Jul 28, 9:47am
Patrick says
I like it, discount retail play!
I'm not sure of what would be a good investment in the next 1-3 years.
If Brandon keeps sabotaging the economy, all stocks may fall.
Housing looks quite wobbly to me.
Gold seems good for at least preserving value, but there are big swings there too.
Given that the Democrats create poverty, maybe it's a good time to invest in businesses which cater specifically to the poor. Ross Stores sells very cheap clothing, for example: https://finance.yahoo.com/quote/ROST
I like it, discount retail play!
13
1337irr
2022 Jul 28, 9:54am
1337irr
2022 Jul 28, 9:54am
Goran_K says
I would believe that is the case. I can ask more questions about it in depth but their model is building SFH to rent. I'll ask them.
1337irr says
Ceffer, if you are interested I'm happy to share an investment I have in a real estate company doing a major development down there in San Antonio.
https://www.mysanantonio.com/business/commercial-re/article/lone-star-development-san-antonio-16993038.php
Are they going to redevelop that entire property?
I would believe that is the case. I can ask more questions about it in depth but their model is building SFH to rent. I'll ask them.
14
GreaterNYCDude
2022 Jul 28, 11:07am
Booze, Tobacco, Staples (essential foodstuffs, etc.) Banks.
I think housing will stagnate.
Places relying on discretionary income will get whallkpef as people start (or contine) to tighten their belts.
I think housing will stagnate.
Places relying on discretionary income will get whallkpef as people start (or contine) to tighten their belts.
15
WookieMan
2022 Jul 28, 11:30am
WookieMan
2022 Jul 28, 11:30am
GreaterNYCDude says
Yup. I don't think white collar workers really understand what this inflation is doing to poor and lower class people. I fill my Armada up for $120 now and it was $75. For me it's a big whatever. Not happy, but I write it off. Doesn't move me, although I feel for those less fortunate.
I know this was originally a housing site, but this isn't a housing recession. Since 2010-12 or so certain people couldn't buy houses once they went back to normal lending standards. Now builders won't build unless there's a contract for it. We lost a generation of trades people that never got trained. I'm not bullish, but we'll likely never see a housing crash like we did in '06-'07ish. Prices will at least steadily rise.
There is something fucked up in the labor market and I've yet to come to a semi-educated theory. High school aged kids aren't even working for the most part. EVERYONE I knew was working at 15-16 in high school, late 90's. You can make bank right now. Shit ain't adding up. Probably poor parenting I suppose. Sorry to the boomer users, but I think they made a lazy generation and we're dealing with the consequences.
Good friends my age are losers because their parents pay for everything. Doesn't seem like that was happening 70-80 years ago. Gonna drink beer today for a kid going off to college.... doesn't have a job. I don't think people/parents get it. He WILL fail. Why make him learn that lesson instead of teaching them when you're a parent? Whatever. I'm no saint, but it pisses me off. He's going to college. Who the fuck cares?
Places relying on discretionary income will get whallkpef as people start (or contine) to tighten their belts.
Yup. I don't think white collar workers really understand what this inflation is doing to poor and lower class people. I fill my Armada up for $120 now and it was $75. For me it's a big whatever. Not happy, but I write it off. Doesn't move me, although I feel for those less fortunate.
I know this was originally a housing site, but this isn't a housing recession. Since 2010-12 or so certain people couldn't buy houses once they went back to normal lending standards. Now builders won't build unless there's a contract for it. We lost a generation of trades people that never got trained. I'm not bullish, but we'll likely never see a housing crash like we did in '06-'07ish. Prices will at least steadily rise.
There is something fucked up in the labor market and I've yet to come to a semi-educated theory. High school aged kids aren't even working for the most part. EVERYONE I knew was working at 15-16 in high school, late 90's. You can make bank right now. Shit ain't adding up. Probably poor parenting I suppose. Sorry to the boomer users, but I think they made a lazy generation and we're dealing with the consequences.
Good friends my age are losers because their parents pay for everything. Doesn't seem like that was happening 70-80 years ago. Gonna drink beer today for a kid going off to college.... doesn't have a job. I don't think people/parents get it. He WILL fail. Why make him learn that lesson instead of teaching them when you're a parent? Whatever. I'm no saint, but it pisses me off. He's going to college. Who the fuck cares?
16
mell
2022 Jul 28, 12:57pm
WookieMan says
Agreed. But this will make bargain hunting much harder as well. Illiquid market, fewer sales, not a lof of opportunities to buy things really on the cheap esp. with inflation lurking
I know this was originally a housing site, but this isn't a housing recession. Since 2010-12 or so certain people couldn't buy houses once they went back to normal lending standards. Now builders won't build unless there's a contract for it. We lost a generation of trades people that never got trained. I'm not bullish, but we'll likely never see a housing crash like we did in '06-'07ish. Prices will at least steadily rise.
Agreed. But this will make bargain hunting much harder as well. Illiquid market, fewer sales, not a lof of opportunities to buy things really on the cheap esp. with inflation lurking
17
WookieMan
2022 Jul 28, 3:13pm
WookieMan
2022 Jul 28, 3:13pm
mell says
More difficult. It's not hard to find a deal. At least locally. Walk the dog or just take a walk. See a rough looking house, keep walking by until you catch the person. Chat it up. Then buy the fucker. It's likely they're widowed, too lazy, don't know what they're doing and would just sell. You'd be surprised how easy it is.
Real, real estate deals take some work and not just searching the MLS. You need to networking with randoms. I'm a unicorn that bought my current home for $85k and it's easily worth about $300k after 8 years and maybe $30-40k put into it. A lot of that is trade tools that I keep when we move. So outside of time I'd estimate $20-25k in material and that includes a new roof and kitchen.
IL sucks, but it's been working out for me. At least since getting out of the burbs and city.
But this will make bargain hunting much harder as well
More difficult. It's not hard to find a deal. At least locally. Walk the dog or just take a walk. See a rough looking house, keep walking by until you catch the person. Chat it up. Then buy the fucker. It's likely they're widowed, too lazy, don't know what they're doing and would just sell. You'd be surprised how easy it is.
Real, real estate deals take some work and not just searching the MLS. You need to networking with randoms. I'm a unicorn that bought my current home for $85k and it's easily worth about $300k after 8 years and maybe $30-40k put into it. A lot of that is trade tools that I keep when we move. So outside of time I'd estimate $20-25k in material and that includes a new roof and kitchen.
IL sucks, but it's been working out for me. At least since getting out of the burbs and city.
Are those going to be the lucrative plays after this recession? Housing seems like it has a ways to drop, but high interest rates and dropping mortgage applications are already causing softness in that sector, and I see sharp price cuts coming soon even in historically "safe" markets. Maybe I can pick up a nice Duplex in Miami Beach on the cheap soon? Who knows. :)
Anyway, I wanted to create this thread to bounce around ideas with some of the elite thinkers here.
The picture is just for attention. These are my latest Form 1 beauties that I purchased earlier this year. :)