General Reports

[AmorPorFavor]

Hear hear! Take this politics stuff to the "Stupid Shit" forum, or one of the other general forums on the site.

Ya if I want to read that crap I'll go to Facebook.

[KC Questor]

Is this an econ thread or mongering thread?

Hear hear! Take this politics stuff to the "Stupid Shit" forum, or one of the other general forums on the site.

[TjBrazil]

I've got a large rental portfolio and haven't raised rents much as I've had some tenants with me since 2008. When they vacate I raise it to market, but problem is no one leaves. Just remember that inflation is a silent tax and the debtor wins during high inflation. Can you guess who is the largest debtor at the moment? You pay back today's low fixed rates with tomorrow's cheaper dollar. It is a fiat currency and it is known as inflation induced debt destruction. Across the board everything has gone up and the Fed knows that if they tank the equity markets, then they will take with it the pension plans and economy. Do you take the hard route and swallow the pill now or later?

Hard to imagine how things are unfolding, but glad I prepared and worked my tail off. Sometimes hard to imagine how I got to where I am looking back, but it has been a hell of a journey from an orphan eating out of a garbage can to whatever the future holds. I try to stay optimistic as I've been blessed every step of the way. Survived 2 war zones, lost friends, still wondering why I'm still here, but we all have a purpose in this life.

All these debtors that have properties will own their properties free and clear if we have hyperinflation but that's no panacea. You are talking about a economic collapse no one in the first world has ever seen. You will have no pricing power as a landlord because no one will have a job for you to rent to. Sure, you will have protected your cash by converting to real estate but the real estate is still going to crash in value when no one has a job.

Imagine a scenario where millions of illegals just showed up over the last 2 years and then really high inflation kicks in. Rates will have to go to 10 percent or more to make any kind of dent. America defaults on its over 30 trillion in debt, housing collapses, and stocks sell off 70 percent: this is mad max type shit. The Fed opened a Hellraiser box in 2008 by doing this QE bullshit and Pinhead is now coming to collect 12 years later.

[Jackie888]

Is this an econ thread or mongering thread?

Friendlier California realty tax.

Higher housing supply.

More affordable housing.

More disposable income.

More threesomes in HK .

Less chubbies from the alley.

[LuvMexicanas]

Is this an econ thread or mongering thread?

[Member #4730]

I think that the Feds sees Southern California realty inflation as a regional issue, because our state tax laws is hostile towards residential realty and encourages builders to build commercial realty, resulting in a shortage in housing. Hence a house in San Diego is 800 k but can only get 200 k back East. Or a 2 b /2 b apartment is 2 grand here, but can barely get 800 bucks a month back East. In other words, they do not see California when making decisions.

It is not just CA. I had properties in HI, PA, and FL. Sold them to consolidate to CA. I check every now and then and they have doubled in value past 2-5 years. I kick myself, but used the profits to buy higher cash flow and appreciation opportunities, no regrets. Housing is a bundle of commodities that includes labor. It isn't going to be any cheaper to build with the increased regulation, skilled labor shortage, and increase in taxes. Also the mass migration of illegals is going to hurt vacancy rates. I have some rentals listed and first day get 50-100 inquiries.

Also stating they dont see CA doesnt make sense. The state is the 5th largest economy in the world. CA and NY control the U.S. just based on representation. Probably explains the dumpster fire we have at the moment. I can see another terrorist attack in near future and the military industrial complex dragging us into another “war”. I bet Pelosi and insiders already invested in defense stocks.

[Phordphan]

I think that the Feds sees Southern California realty inflation as a regional issue, because our state tax laws is hostile towards residential realty and encourages builders to build commercial realty, resulting in a shortage in housing. Hence a house in San Diego is 800 k but can only get 200 k back East. Or a 2 b /2 b apartment is 2 grand here, but can barely get 800 bucks a month back East. In other words, they do not see California when making decisions.

CA is worse than you think. I have developers for clients. Everybody who lives in CA wants it to be exactly the same way as it was when they arrived. This crap started in the 1970's. So, they passed all sorts of laws against building housing, and especially high-density housing, I. E. Apartment buildings.

Now, when a developer wants to build an apartment building, or even a housing tract, it turns into a death match between the developer and the State and local governments, as well as every citizen's group with an axe to grind. Things then drag out for years. Meanwhile, people keep wanting to move here, families expand, whatever, putting more and more pressure on existing housing stock. Hence, the prices skyrocket.

Eventually, the log jam breaks, the developer (s) start going hammer and tongs, building the housing. Prices collapse as more stock comes online. Some developers go broke. Prices decline. Idiots who bought at the top of the market are upside down in their mortgage. And on and on. Then the cycle repeats itself.

Few other states have the roller-coaster real estate prices of CA. Mostly because when new housing is needed, the State / Local governments tend to approve the construction in a much quicker manner.

[Phordphan]

You are off base here. Progressives by and large are in favor of decriminalizing sex work, and are behind most of the recent decriminalization push in the US. DAs in a number of counties will no longer prosecute sex work, and repeals of various "loitering for sex" laws are being passed in many cities run by the Democrats:

https://www.manhattanda.org/d-a-vanc...ensed-massage/

https://www.losangelesblade.com/2021...ate-committee/

Are you now going to tell us that Manhattan and LOS Angeles are being run by conservatives?

And I realize those laws aren't going as far as completely legalize sex work, but they are still a step in the right direction. Certainly way better direction that State of Texas is going, which as we all know is run by a bunch of religious conservative republican nutbags.

I'm afraid you don't understand the "progressives." One of the main driving forces is feminism, and the feminists are completely, and utterly, against prostitution because it's a symptom of the male patriarchy and all women who work in that "industry" are exploited and trafficked. I have radical feminists in the family so I get to hear this shit up close.

You are correct in one regard. The "decriminalization" aspect. But it's not decriminalization as in not prosecuting the crime. It's decriminalizing the "selling" of sex. But they will not decriminalize the buying of sex. That isn't as illogical as it sounds. It's 100% anti-man and completely fits the feminist world view.

You will note that, in your examples, they are declining to prosecute the women. It says nothing about not prosecuting their clientele. This is a far cry from "legalizing" prostitution.

[Jackie888]

Some version of Weimar is coming if the fed doesn't raise rates substantially to stop inflation. They stick with this transitory BS we are all done. The problem is if they raise rates, they will pop every bubble they created the last 12 years. Can you imagine what the real estate market will look like with 6 or 7 percent mortgage rates. Unfortunately they know this and will not do the right thing, and raise rates. Rents have doubled in the last 10 years where I live. That's 10 percent a year, and they are saying it's only 2 percent. They are liars and sociopaths.

I think that the Feds sees Southern California realty inflation as a regional issue, because our state tax laws is hostile towards residential realty and encourages builders to build commercial realty, resulting in a shortage in housing. Hence a house in San Diego is 800 k but can only get 200 k back East. Or a 2 b /2 b apartment is 2 grand here, but can barely get 800 bucks a month back East. In other words, they do not see California when making decisions.

[Member #4730]

Some version of Weimar is coming if the fed doesn't raise rates substantially to stop inflation. They stick with this transitory BS we are all done. The problem is if they raise rates, they will pop every bubble they created the last 12 years. Can you imagine what the real estate market will look like with 6 or 7 percent mortgage rates. Unfortunately they know this and will not do the right thing, and raise rates. Rents have doubled in the last 10 years where I live. That's 10 percent a year, and they are saying it's only 2 percent. They are liars and sociopaths.

I've got a large rental portfolio and haven't raised rents much as I've had some tenants with me since 2008. When they vacate I raise it to market, but problem is no one leaves. Just remember that inflation is a silent tax and the debtor wins during high inflation. Can you guess who is the largest debtor at the moment? You pay back today's low fixed rates with tomorrow's cheaper dollar. It is a fiat currency and it is known as inflation induced debt destruction. Across the board everything has gone up and the Fed knows that if they tank the equity markets, then they will take with it the pension plans and economy. Do you take the hard route and swallow the pill now or later?

Hard to imagine how things are unfolding, but glad I prepared and worked my tail off. Sometimes hard to imagine how I got to where I am looking back, but it has been a hell of a journey from an orphan eating out of a garbage can to whatever the future holds. I try to stay optimistic as I've been blessed every step of the way. Survived 2 war zones, lost friends, still wondering why I'm still here, but we all have a purpose in this life.

[TjBrazil]

Some version of Weimar is coming if the fed doesn't raise rates substantially to stop inflation. They stick with this transitory BS we are all done. The problem is if they raise rates, they will pop every bubble they created the last 12 years. Can you imagine what the real estate market will look like with 6 or 7 percent mortgage rates. Unfortunately they know this and will not do the right thing, and raise rates. Rents have doubled in the last 10 years where I live. That's 10 percent a year, and they are saying it's only 2 percent. They are liars and sociopaths.

[Turgid]

Are you kidding? It's the "progressives" that are behind this nonsense....

Bernie Sanders said he supported legalizing prostitution. That's why I supported him.

[YyzTravel]

I applied for SENTRI Feb 25th 2021 and still waiting. Called today in Arizona and found out the wait is a Year at this point anyone else been waiting longer than me?

Apply for Global Entry. Wait is less than a month and includes Sentri is what I was told when I applied for Sentri back in the day. I got an email on the site asking me to "upgrade" to Global entry which included Sentri at the same price.

[Dogers69]

Things certainly quieter right now than in long time. Bars are open in USA so Tijuana is not the only place to go drink anymore. The travel restrictions and covid issues definitely cutting down on men here and hence cutting down on woman. Still a ton options but of the guys don't show up the woman go home quicker.

[Cocr Brotheler]

Are you kidding? It's the "progressives" that are behind this nonsense. Conservatives may be opposed to prostitution, but it's the left, led by the feminists, who are absolute death on it. This "Nordic model" type of law is the brainchild of radical feminists, and directly targets men. Women are always the victims in any sex-for-money situation. Texas, in general, may be pretty conservative, but Austin (where the laws are made) makes Sacramento look like a Barry Goldwater convention.

I can buy Nordic having lived in Iceland for 18 mos. (met some very strong willed women but some easy ones too) but what about Western Europe? Western Europe very liberal and strong on rights for women but also p-tution tolerated.

I don't think this TX law coming from the lib. side. I think it is related to all the extra humans being trafficked in lately and more measures by conservs to rapidly deport those undocumented pimps and organized crime that exploit these recently imported women (johns unfortunately happen to bear the pain).

But then who really knows? Afghanistan (Taliban and sharia law) yesterday 31st of August 2021 reverted back to the stone ages with zero rights for women (sad).