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re: S&P down 10% in 3 weeks
Posted on 3/11/25 at 12:16 pm to scottydoesntknow
Posted on 3/11/25 at 12:16 pm to scottydoesntknow
quote:
Thankfully, I had zero desire to work for some boomer and started my own construction business
You're probably gonna get smoked the next couple years.
1
Posted on 3/11/25 at 12:16 pm to fareplay
quote:
Healthy market shouldn’t have 10% corrections
Posted on 3/11/25 at 12:30 pm to GoCrazyAuburn
Well good news for you team bear, it’s still correcting.
Posted on 3/11/25 at 12:33 pm to fareplay
Tariffs doin work.
Posted on 3/11/25 at 12:39 pm to scottydoesntknow
quote:
Call me names from your ivory tower...I dont care. We arent bailing out your 401k again
Preach.
“frick Trump, I wanna retire in 5 years and I need 20% gains annually for upkeep on my 3500 sq ft main house and my vacation house. Plus I just bought the wife a $100k QX80 for her 5 mile roundtrip to work each day.”
Boo hoo.
Posted on 3/11/25 at 12:44 pm to JohnnyKilroy
quote:
You're probably gonna get smoked the next couple years.
You wish. I properly scale my business and am fully prepared for the downturn. I am actually gonna buy some more houses when the housing market sale begins and actually provide a real product to the community(as well as work for tradesmen). I dont rely on artificially pumped up numbers on a screen to make a living
Posted on 3/11/25 at 12:54 pm to scottydoesntknow
quote:
You wish. I properly scale my business and am fully prepared for the downturn. I am actually gonna buy some more houses when the housing market sale begins and actually provide a real product to the community(as well as work for tradesmen). I dont rely on artificially pumped up numbers on a screen to make a living
Somewhere on this forum in 2007 someone was proudly crowing the same thing.
Posted on 3/11/25 at 12:59 pm to DrrTiger
quote:
DrrTiger
Listen, fat...Boomer needs another boat so lets stop all this nonsense talk of fair trade and balanced budgets because his stocks are down. Also when mortgages are subprime again and credit cards are defaulting, dont be getting any wild ideas about letting the market actually correct. We wont have any upsetting the markets in Boomer's golden years
Posted on 3/11/25 at 1:02 pm to REG861
quote:
Somewhere on this forum in 2007 someone was proudly crowing the same thing.
Oh 2007...where you boomers and Xers bailed out your recklessness instead of letting the market actually correct. The start of the government subsidized market gravy train...the good ol days
Posted on 3/11/25 at 1:23 pm to scottydoesntknow
Tbh I’m not even sure if owning a lot of houses is the key. I’m just a novice but I rent out my Boston home at a loss (in terms of net cash, not in terms of payment) and even if I owned a few more, I don’t see it being the cash flow machine people say it is till like year 15-20.
Posted on 3/11/25 at 1:35 pm to scottydoesntknow
quote:
I am actually gonna buy some more houses when the housing market sale begins and actually provide a real product to the community(
That’s smart; it Ended well last time when a bunch of people bought houses they couldn’t afford.
quote:
y(as well as work for tradesmen
Is that what they call illegals in your neck of the woods?
Posted on 3/11/25 at 1:38 pm to fareplay
quote:
Tbh I’m not even sure if owning a lot of houses is the key. I’m just a novice but I rent out my Boston home at a loss (in terms of net cash, not in terms of payment) and even if I owned a few more, I don’t see it being the cash flow machine people say it is till like year 15-20.
I think trying to accrue rentals just to cashflow at any cost is a mistake. Finding quality house in good school zones in stable communities is the key. Im building a home currently as a rental. If a 2007 level catastrophe hits, this house will still rent because its a desirable community to live
Posted on 3/11/25 at 1:42 pm to REG861
quote:
That’s smart; it Ended well last time when a bunch of people bought houses they couldn’t afford.
it is when you buy with cash. The buyers in 2008 are now all millionaires
quote:
Is that what they call illegals in your neck of the woods?
I dont hire illegals, so no
Posted on 3/11/25 at 2:41 pm to scottydoesntknow
I specifically bought the house because it’s in a great school but it’s definitely more costly
Posted on 3/11/25 at 2:48 pm to scottydoesntknow
I wish I was a boomer because they’re all rich and lived when America was good and they don’t have to be here much longer
Us millennials are cursed to live like 50 more years
Us millennials are cursed to live like 50 more years
Posted on 3/11/25 at 2:53 pm to fareplay
quote:
I specifically bought the house because it’s in a great school but it’s definitely more costly
Thats a wise strategy imo and worth the xtra. Can always sell or easily rent these houses in a pinch
Posted on 3/11/25 at 3:12 pm to fareplay
quote:
Self inflicted wounds hurt
Was time to rip bandaid off
Long term feeling better
Posted on 3/11/25 at 3:43 pm to Cosmo
quote:
Was time to rip bandaid off
Which band-aid is that?
We don't know what's been saved by DOGE as they aren't sharing much of anything. They've added things to their published list only to take them off the next day. What have they actually saved? A billion? Maybe 20 billion?
And don't forget, Trump also wants to pass an extension on his tax cuts coming at a astonishing cost of $4.5T over the next 10 years. So much for ripping off that bandaid.
Posted on 3/11/25 at 3:44 pm to mmmmmbeeer
quote:
And don't forget, Trump also wants to pass an extension on his tax cuts coming at a astonishing cost of $4.5T over the next 10 years.
Lol
People getting to keep their money is never a bad thing
Posted on 3/11/25 at 3:47 pm to Cosmo
quote:
Lol
People getting to keep their money is never a bad thing
It is if you are serious about handling the debt.
Or are you just talking out both sides of your mouth in order to defend Trump? Because ya can't have it both ways, man. You can't be in here cheerleading DOGE, tariffs, deficit cutting, etc. leading to a recession and then moments later support a $4.5T tax cut.
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