Back at ya.
So serious question to @Splinty and
@Hauler
i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
@Hauler i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
So serious question to @Splinty and
i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
M
member 1013
Guest
CryptoSo serious question to @Splinty and
i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
i just went in
how much?
M
member 1013
Guest
M
member 1013
Guest
One day I will take my crypto dollars and sell the janitor business and I will be set Bruv
How much money do you need.?
I would happily pump seed into you if I got a decent return.
M
member 1013
Guest
I need about tree fiddy
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It's more like a swampy ground, very loose but still manages to encompass you.
Other than the usual moves...So serious question to @Splinty and
i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
I do like real estate. Housing market is fucking nuts thanks to skyrocketing building costs and low mortgage rates - I've been blowing that horn for about a year now.
I stopped talking about lumber prices because I felt I was boring people, but every week we set a new record for highs in both lumber and panels.
From March 2019 to March 2020, the average cost for a sheet of 7/16 4x8 osb was $8.22
Today it is $28.42
That's cost.
You'll be seeing $40 7/16 osb at Home Depot before too long.
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You should send it toSo serious question to @Splinty and
i believe inflation is coming and coming hard. for the record I’ve thought this for 13 years though.
but if this is the real coming what is the best way to ring fence savings? Or even make on the coming crisis. There are many industries that make in a reccesion.
i have 30k spare cash. What would you do with it?
i bet 30k is a decent claret for splints but would appreciate advice
@Hauler and me to invest for you before it hits.
100%You should send it to
I have posted it. Please let me know how much I make.You should send it to
D
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We've also exhausted supplies for new housing in many urban centers, especially popular midsize growing urban centers in the south.Other than the usual moves...
I do like real estate. Housing market is fucking nuts thanks to skyrocketing building costs and low mortgage rates - I've been blowing that horn for about a year now.
I stopped talking about lumber prices because I felt I was boring people, but every week we set a new record for highs in both lumber and panels.
From March 2019 to March 2020, the average cost for a sheet of 7/16 4x8 osb was $8.22
Today it is $28.42, and the price has gone up 14 weeks in a row.
This is going to crash hard since so much of it is being financed with cheap loans and people paying 20-25% over asking price in these areas.
That's a lot of negative equity to make up. People are going to be upside down on these houses for 10 years and a lot can happen in 10 years necessitating moving out of that house.
I'm surprised houses are passing the appraisal portion of the buying process.
When I sold my old home back in October I received 8 offers in 1 day, and every one of them was well over asking. I honestly didn't think the bank would approve.
I got lucky as hell because I bought a rehab in February 2020, right before the craze hit. There was actually talk of Covid killing the housing market so I got my new place for a song.
Rehabbing the new house we were moving into and getting the house I lived in ready for market all at the same time wasn't fun, but it worked out.
Now my issue is the appraisal from the county. They appraised it for 48% more than what I paid for it. I'm currently protesting that. That new amount raised my property taxes considerably. I can only imagine that's happening everywhere.
As am fyi, that's usually the lead in for "We were never friends."
I went for a walk at lunchtime today. It was along the Thames and by the MI 5 building. So many luxury flats being built there. I had to take a picture of all the shiny glass. Point is all these flats are empty and I Really y don't know who is going to buy them. People. From abroad are not allowed to buy them as investments and leave them empty anymore.
I would have added the picture but I tool it as a high res and the file is too large
I would have added the picture but I tool it as a high res and the file is too large
D
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They aren't. I'm talking to a lot of realtors and people are pulling cash out of other ventures to put into these houses to win the bidding wars.
Appraisal remains 10 to 25% lower than offer and people are requiring removals of appraisal contingencies to be competitive in these massive bidding wars.
all over the country housing appraisals by governments have gone up. It's artificial. In Texas you're not allowed to change property taxes significantly without a legislative input. How do you get around that? Just change your calculation on your appraisal and multiply it times the existing tax rate lol
My house magically gained $100,000 in one year off the government appraisal. I can tell you from my area that's absolutely not accurate. Then I found out they just changed the formula at the city and county levels.
I have my hearing date scheduled for the 1st week of April. It isn't something I've done before but I plan on building a robust case. I sent them an email yesterday asking if they allow PowerPoint presentations.
Lol @ a 48% gain over what 2 willing participants decided was a fair market value less than 1 year ago.
Although I feel like an NFL player who was suspended by Roger Goodell getting ready to appeal their case to...Roger Goodell.
D
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Inflation pressures keep rising
The percentage of firms raising average selling prices increased to 25% in February, the highest since 2008.
www.axios.com
Even if you buy into full employment as the cause of inflationary pressure, that exists in regional markets long before it shows in the federal numbers.
D
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Warren Buffett says Berkshire Hathaway is seeing 'very substantial inflation' and raising prices
"We are seeing very substantial inflation," Buffett said. "We are raising prices. People are raising prices to us and it's being accepted."