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Buffet and Bezos selling like it's going to collapse

Posted on 11/12/24 at 4:29 pm
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 4:29 pm
Just to give the fine Gentleman on this board a heads up. This bubble should have burst a couple of years ago. Make no mistake that they will hang this on Trump


Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 4:29 pm to
Posted by Rtowntiger
Member since Dec 2012
2623 posts
Posted on 11/12/24 at 4:31 pm to
Or maybe they are selling to be cash-heavy to ride different horses on the bull run?
Posted by Spawn
Berlin
Member since Oct 2006
8141 posts
Posted on 11/12/24 at 4:33 pm to
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 4:33 pm to
Posted by Powerman
Member since Jan 2004
173763 posts
Posted on 11/12/24 at 4:35 pm to
quote:


Or maybe they are selling to be cash-heavy to ride different horses on the bull run?

Possible but Buffet has been stockpiling cash well before it was known that Trump would win

This isn't something that just happened recently
Posted by Lima Whiskey
Member since Apr 2013
22594 posts
Posted on 11/12/24 at 4:36 pm to
Imagine the layoffs, and then the bankruptcies, ordinary people have so much debt.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58521 posts
Posted on 11/12/24 at 4:36 pm to
quote:

FOUNDER JEFF BEZOS SOLD ANOTHER $1.23 BILLION OF AMAZON SHARES WHICH BRINGS HIS 2024 TOTAL SELLS TO OVER $11 BILLION
thats the taxes on that
Posted by Auburn80
Backwater, TN
Member since Nov 2017
10018 posts
Posted on 11/12/24 at 4:38 pm to
Why do banks keep financing mortgages that people cannot afford? Makes no sense now and they should have learned from 2008. Last house I bought the realtor kept telling me I could afford more and would have better houses to look at. I told her no, the houses in my range were just fine.
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 4:42 pm to
quote:

Imagine the layoffs, and then the bankruptcies, ordinary people have so much debt.


One of my wife's coworkers has been driving around her Lexus without making a payment for a year on it. A friend who works for chase told me the defaults are so high, they are delaying repoing cars because it would collapse the car market hurting the banks worse.
Posted by Raz
Member since Oct 2006
8477 posts
Posted on 11/12/24 at 4:42 pm to
What’s with people on this board posting shite from months ago like it just happened?
Posted by Lima Whiskey
Member since Apr 2013
22594 posts
Posted on 11/12/24 at 4:43 pm to
quote:

Why do banks keep financing mortgages that people cannot afford


Finance has a very short term outlook. The people involved understand the risk, but hope it won’t happen before they ‘get out’.
Posted by Lima Whiskey
Member since Apr 2013
22594 posts
Posted on 11/12/24 at 4:43 pm to
Wow.
Posted by Bayoutigre
29.9N 92.1W
Member since Feb 2007
5912 posts
Posted on 11/12/24 at 4:44 pm to
confiscated assets being sold off.
Posted by teke184
Zachary, LA
Member since Jan 2007
104070 posts
Posted on 11/12/24 at 4:45 pm to
Government says you have to lend to certain groups of people even if there aren’t enough of them capable of making the note.


And FTR, changes in escrow due to taxes skyrocketing and insurance spiking help throw people who were borderline not default.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
14752 posts
Posted on 11/12/24 at 4:45 pm to
I’m assuming this will be the commercial R/E bubble.. still to much demand in the housing market albeit with some downward pricing pressures
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 11/12/24 at 4:46 pm to
November 9 was last week. If you don't like the truth, I suggest you go turn on MSNBC
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 11/12/24 at 4:47 pm to
I've been in cash over a year waiting on the impending crash that as yet to occur.

quote:

This bubble should have burst a couple of years ago. Make no mistake that they will hang this on Trump



Yep. I hope it happens soon. We need a 30-40% haircut then I'm jumping back in.
Posted by mikesliveisacheater
Member since Nov 2009
1477 posts
Posted on 11/12/24 at 4:48 pm to
Buffet said that he was selling over the past quarter because he was worried about if Kamala won she would raise the Capital gains taxes and he wanted to lock in some profits at a favorable rate.

Now whether he was honest and was just hedging against her winning or if he is anticipating a crash, only he knows. It could have always been both.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 11/12/24 at 4:49 pm to
quote:

Why do banks keep financing mortgages that people cannot afford?


In terms of real estate I don't believe it's mortgages that will take a nosedive this time, it commercial real estate loans.
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