Amazing post. So rich - Blackstone Defaults - priceless. So much going on but been thinking a lot about RealPages. and that ProPublica article. These rent movements or lack thereof make no sense. Nashville in particular is very bizarre. Something has to break...And thank you so much for the support.
Another great read Rudy. I live down under and we have quite the bubble here in residential property. Not so much in commercial. Australians have variable rate mortgages. So raising interest rates has a major impact on consumption. The inflation here is unreal. However, I have begun seeing signs of deflation in prices of goods like electronics etc. I’m hoping capitalism still works and under supply will be countered by oversupply and prices will fall.
I have regrets in life, but none are about how much time was spent with my kids. All knew they came first. Except video games:
“Pop! Come watch me play this level!”
“You want me to come in there and watch the back of your head playing a fucking video game?!? Fuck off.”
It was always good for a laugh.
These mom-n-pop landlords remind me of a friend who once told me: “Never. Ever. Ever buy a house with a pool. Ever.” A couple of years later, I buy the house with a pool. 20-years later, the hatred I have for that money-sucker cannot be put into words. Those, seemingly, weekly expenses kept me from ever becoming a landlord. And in some small way, I’m grateful I bought the thing.
Amazing post. So rich - Blackstone Defaults - priceless. So much going on but been thinking a lot about RealPages. and that ProPublica article. These rent movements or lack thereof make no sense. Nashville in particular is very bizarre. Something has to break...And thank you so much for the support.
More quantitative "tightening" because MOAR! lol
That photo with those 3 clown criminals. "I'll take who are operators of the greatest Ponzi scheme ever seen for $2000, Alex"
Your insights aren't Boargesmorg it's all fantastic, and four sandwiches for under a dollar! https://www.youtube.com/watch?v=3qNuo_T406w
Another great read Rudy. I live down under and we have quite the bubble here in residential property. Not so much in commercial. Australians have variable rate mortgages. So raising interest rates has a major impact on consumption. The inflation here is unreal. However, I have begun seeing signs of deflation in prices of goods like electronics etc. I’m hoping capitalism still works and under supply will be countered by oversupply and prices will fall.
Random Shit:
I have regrets in life, but none are about how much time was spent with my kids. All knew they came first. Except video games:
“Pop! Come watch me play this level!”
“You want me to come in there and watch the back of your head playing a fucking video game?!? Fuck off.”
It was always good for a laugh.
These mom-n-pop landlords remind me of a friend who once told me: “Never. Ever. Ever buy a house with a pool. Ever.” A couple of years later, I buy the house with a pool. 20-years later, the hatred I have for that money-sucker cannot be put into words. Those, seemingly, weekly expenses kept me from ever becoming a landlord. And in some small way, I’m grateful I bought the thing.
Gavin Newsome makes Biden look ethical.