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Rutibex posted:all i know is the local university has gone entirely remote, and like 45% of the students are international students who are not allowed in the country. this means the rent for all of the places near the university has completely bottomed out. actually it doesnt own and it sucks but why the gently caress are dorms so expensive jfc
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Jan 20, 2021 22:03
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Xaris posted:it owns that all college towns basically have a giant ring of 80-40 year old slumlord poo poo always surrounding campus because college students are easy marks and pushovers at the two giant universities i've been to most of the slumlord apartments are owned by LLCs and REITs
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Jan 20, 2021 22:09
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yeah that's totally true here. perhaps slumlord is the wrong word as it implies a singular individual slumming it up, but it's LLC REIT slumlord cabals often the LLCs are individually owned though, like my current landlord here in berkeley has the apartment in an LLC but is sole owner. she's reasonably ok for a landlord at least i think for liability/whatever even individual slumlords are not leasing directly out from their name but rather a proxy LLC. probably very few do any lease-under-name anymore Xaris has issued a correction as of 22:12 on Jan 20, 2021 |
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Jan 20, 2021 22:10
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So if you have some shithead realtor constantly pressuring you to sell, can you file harassment charges against them?
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Jan 20, 2021 22:26
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Objective Action posted:A year ago we were all making predictions but I will go ahead and say that all of us were wrong because all of us were assuming some historical precedent with some tweaks would be how this would go. yeah, we are in completely uncharted territory in terms of conventional economic theory because there are literally - as far as I am aware from my days of uni as a student - no models at all in mainstream economics that predict or deal with this type of situation we are in maybe crisis theory will finally be the undoing of neoclassical economics because lol at any orthodox economist right now
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Jan 20, 2021 22:46
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CRUSTY MINGE posted:So if you have some shithead realtor constantly pressuring you to sell, can you file harassment charges against them? lol
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Jan 20, 2021 22:47
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human garbage bag posted:if the spac doesn't do the merge your money sits idle in a savings account for two years while the dow triples, along with housing and food prices. Sure, if you invest on the day the SPAC is created and you don't use your brain for the next 24 months. There's a steady crop of SPACs 3-12 months into the cycle with solid rumors/rumblings of an upcoming merger. I rarely have to wait more than 3 months for material news. And the downside protection is an invaluable thing in this made-up market that could and should blow up at any moment.
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Jan 20, 2021 22:50
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Xaris posted:lol Yeah I figured as much.
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Jan 20, 2021 22:51
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dead gay comedy forums posted:yeah, we are in completely uncharted territory in terms of conventional economic theory because there are literally - as far as I am aware from my days of uni as a student - no models at all in mainstream economics that predict or deal with this type of situation we are in the orthodox economic thinking is that everything weird right now is temporary and that when the crisis is over it will go back to normal
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Jan 20, 2021 22:54
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Shear Modulus posted:the orthodox economic thinking is that everything weird right now is temporary and that when the crisis is over it will go back to normal I’m sure it is fine and the fed can continue to print dollars indefinite. naked singularities, famously common and easy to manipulate in nature
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Jan 20, 2021 22:57
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Centrist Committee posted:I’m sure it is fine and the fed can continue to print dollars indefinite. naked singularities, famously common and easy to manipulate in nature everything will work out in the long run, that's what the models say
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Jan 20, 2021 22:58
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I like how land prices in the US are now like $5000/acre and you peek over the border at Canada and it's $1000/acre So is it more complicated than "interest rates are rock bottom and everyone's buying everything" - because if that's the case, when the jobs don't come back in the next few years, won't everyone just default on the mortgages?
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Jan 20, 2021 23:05
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Shear Modulus posted:everything will work out in the long run, that's what the models say I mean yeah eventually the sun will explode so...
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Jan 20, 2021 23:07
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MorrisBae posted:I like how land prices in the US are now like $5000/acre and you peek over the border at Canada and it's $1000/acre well, yes, at which point the actual owner class can snap it up at bargain bin prices of $20/acre brexit works the same way
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Jan 20, 2021 23:09
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Pittsburgh Fentanyl Cloud posted:This particular dickhead sends me at least one a week:
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Jan 20, 2021 23:27
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Objective Action posted:I mean yeah eventually the sun will explode so... yeah that was keynes' response to the classicalists of his day who were insisting the government take no action in the depression because it will work out in the long run. "in the long run we're all dead."
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Jan 20, 2021 23:39
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MorrisBae posted:I like how land prices in the US are now like $5000/acre and you peek over the border at Canada and it's $1000/acre how can I buy land in Canada?
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Jan 20, 2021 23:51
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sneaking across the border w/ a wheelbarrow full of illegal Canadian soil.
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Jan 20, 2021 23:52
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PawParole posted:how can I buy land in Canada? Sight unseen
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Jan 21, 2021 00:04
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PawParole posted:how can I buy land in Canada? you have to ask the queen most of it belongs to her
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Jan 21, 2021 00:08
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high school dude at the vape shop was talking to his friend whilst ringing me up. they were discussing stocks prices, and he showed me his robinhood portfolio of biomed penny stocks, lmao.
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Jan 21, 2021 00:12
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meanolmrcloud posted:high school dude at the vape shop was talking to his friend whilst ringing me up. they were discussing stocks prices, and he showed me his robinhood portfolio of biomed penny stocks, lmao. ~shoe shine boys talking stocks~
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Jan 21, 2021 00:13
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Xaris posted:~shoe shine boys talking stocks~ in this very thread even
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Jan 21, 2021 00:17
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Please brrrrrrrr. https://twitter.com/Reuters/status/1350134447925039104?s=20
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Jan 21, 2021 00:22
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doesn't say on who lol yes just pump the stock market more
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Jan 21, 2021 00:23
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gently caress I wish I could just tell whole rear end governments "gib money plz"
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Jan 21, 2021 00:28
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brrr is monetary, imf dude saying plz fiscal everyone in the west throughout this crisis has been doin monetary more than fiscal. why we got an asset bubble in the first place
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Jan 21, 2021 00:33
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fabergay egg posted:so is it a bad idea to buy a house now or what or something at this point my plan is to buy something and count on hyperinflation from the money printing which will be the only way the US will eventually be able to dig out of the hole its already in and the hole that next year's probably brutal austerity will dig. gonna pay off a fixed rate mortgage with toilet paper in 5-10 years
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Jan 21, 2021 00:54
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Shear Modulus posted:yeah big companies are sitting on massive massive piles of cash and can weather a period of no rent payments. and if they run out of cash they can take out a massive loan at teeny tiny rates since their real estate assets make up the collateral, as well as the confidence that if they get big enough they become too big to fail and can expect some government bailout Also, rents are determined by "market rate", so they can all conclude that de facto collusion is best and they all keep rents high regardless of whether it's actually being paid or not. Can't break rank and lower it, and why should they? It's just like you said.
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Jan 21, 2021 01:03
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HAMAS HATE BOAT posted:at this point my plan is to buy something and count on hyperinflation from the money printing which will be the only way the US will eventually be able to dig out of the hole its already in and the hole that next year's probably brutal austerity will dig. gonna pay off a fixed rate mortgage with toilet paper in 5-10 years Brrr is allowed, you paying mortgage with Brrr is not allowed and all mortgages will be pegged to inflation from now on.
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Jan 21, 2021 01:03
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HAMAS HATE BOAT posted:at this point my plan is to buy something and count on hyperinflation from the money printing which will be the only way the US will eventually be able to dig out of the hole its already in and the hole that next year's probably brutal austerity will dig. gonna pay off a fixed rate mortgage with toilet paper in 5-10 years Printed money has to go somewhere for there to be hyperinflation so... good luck with that
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Jan 21, 2021 01:05
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https://twitter.com/Noahpinion/status/1351574884137136128
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Jan 21, 2021 01:05
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I keep looking at properties and getting depressed that I'd need a minimum of $100,000 cash on hand for a down payment on anything in Western Washington. I thought about getting a chunk of land and living off grid in a yurt or something but it's still over $100,000 for < acre anywhere within commuting distance to my job.
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Jan 21, 2021 01:05
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Not gonna read a 19-tweet Noah Smith tweetstorm but he wrote that article in response to Nathan J. Robinson lol https://twitter.com/Noahpinion/status/1351575782129192961
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Jan 21, 2021 01:12
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time to fuckin make money
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Jan 21, 2021 01:32
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Maximo Roboto posted:Not gonna read a 19-tweet Noah Smith tweetstorm but he wrote that article in response to Nathan J. Robinson lol he limits who can see his tweets what a fuckin coward
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Jan 21, 2021 01:36
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Cold on a Cob posted:i live in the goddamn suburbs of toronto and i know a few ppl that have bought guns or are planning on doing so soon do they even realize that most robberies of people's homes people are looking for guns? my parents had a break in a couple of years ago and all they took was a bit of jewelry and spent the rest of the time looking for firearms.
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Jan 21, 2021 01:36
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Maximo Roboto posted:Not gonna read a 19-tweet Noah Smith tweetstorm but he wrote that article in response to Nathan J. Robinson lol the easiest counterpoint is "look at what's happening in canada" like everything he's trying to disprove is happening here, and supply-side idiots are still going to be wrong, and pretty much every municpality is in developers' pockets. none of this is remotely contested.
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Jan 21, 2021 01:38
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Dreylad posted:the easiest counterpoint is "look at what's happening in canada" the entirety of this argument is "these lefties say the free market won't fix housing, which is wrong because the free market fixes everything. QED"
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Jan 21, 2021 01:40
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Missing Donut posted:Yes, that's what they're saying. Add that to the idea that constant low interest rates expected now and in the future are providing no safe area to get a return which is leading the money toward riskier investments. yeah I forgot about the low interest rates. I wonder if they’ll raise them any time soon. lol
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Jan 21, 2021 01:43
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