*Investors Blog*
- Thread starter Warstud
- Start date
Tesla earnings tomorrow? Musk better announce bad earnings if he wants his stock back at 300, but since it's obvious he's a fathead he'll announce record profits and the stock price will fall like after his dumb stock split that didn't help the company lol
- Joined
- Dec 28, 2014
- Messages
- 3,001
I can see why people might expect it, and believe me, I know plenty of people that have been waiting for it for five years now...for the prices to drop so they can get back into the game and be players again in real estate (rentals). And it just hasn’t happened. In fact, I know people that have lost their shirts because they sold five years ago. And want back in, but the homes they sold have since doubled in price.
But, playing devils advocate, this is how it could drop. Interest rates (that’s big). Inventory would have to be high, and it’s not. But if it was?? Added to the higher interest...high interest rates/high inventory = price drops. But that hasn’t happened. It probably doesn’t help that to sell a house people are shelling out 4-5% in sales commission, tax stamps, closing costs, maybe taxes (depending on your situation). For instance, I own a rental property, it’s probably worth $450,000-$500,000. I own it outright. I hate renting. I’m getting older, I’m tired of it, I’d like to sell, however if I did sell I’d lose $20,000 grand in realtor commissions, another $5,000 in lawyer fees, and a whopping $30,000-$40,000 in capital gains. And then what? I walk away with $300,000 - $350,000? In five years, if I can’t find a successful investment Avenue, my money is worth what? Two thirds as much? Half? Who knows? And I won’t be able to buy a house because even if it does dip, it’ll come back, and I’ll be priced out.
People may not sell, investors may stay low, because what are their options? Where are they going to put their money? How are they going to handle the fact they lose so much in fees, taxes, commission? You can’t get that $40,000-$60,000 back. And the prices won’t wait for you on the other end. IMO.
In real estate, it's still all about location. Sure, many factors affect prices, but location trumps everything else. I could go out a little and save some scratch, but I have zero desire (or long term incentive) to do so. I am picking a lower cost but still good area.
https://www.cnbc.com/2022/10/19/ama...arns-its-time-to-batten-down-the-hatches.html
A while back 100% of my IRA was Amazon, it had a very nice run up and I sold everything.
A while back 100% of my IRA was Amazon, it had a very nice run up and I sold everything.
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I agree. I once bought some property without inquiring about the location.
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Still haven't found the dang place.
Everglades
If you looked at a real chart then you might have seen it. lol
https://stockcharts.com/h-sc/ui?s=indu
I have new glasses but I don’t see it. Stretch that chart out a year and it’s a totally different story.
LOL only 90% out you don't sound convinced! I've been out 100% for months!
you should all post your age and planned retirement date....y'all making me nervous!
49 here, plan is ten more years and I haven't made any changes to my investments.
max 401k and IRA each year for both me and my wife.
We have lost our butts on paper obviously and trust that dollar cost averaging will pull us through.
She has six years more of work after I retire.
49 here, plan is ten more years and I haven't made any changes to my investments.
max 401k and IRA each year for both me and my wife.
We have lost our butts on paper obviously and trust that dollar cost averaging will pull us through.
She has six years more of work after I retire.
Keep buying. Period
What is?
