Rants and WTF are you talking about and Coronavirus!

[QUOTE=BobNSuzy;2887475]I'm not sure what your point is. I think you are explaining how a professional wage earner would invest in real estate. What you may be missing is that a $250 k starter home is not necessarily a good investment.

Whether or not that is a good investment is up to question in my mind. I don't think it is. Some people buy a beach home or whatever and come out a head decades later. Technically, they have invested in real estate but they are kinda just financing a hobby. I imagine that is true of all rich people throwing money around. Your description kinda bolsters my point.

It is kinda like Mark Cuban over paying for a basketball team. If I could buy a basketball team, but chose not to, I might say that it is probably not the best investment. I don't know if a basketball team is a good investment. I do know that I have no intention of buying $250 k starter homes as an investment.[/QUOTE]"professional wage earners shouldn't be investing in real estate. ".

"rich people throwing money around. ".

Disagree as I simply drew out a counterpoint case useing a relatively modest example of a 40 year old professional wage earner with a financial situation that is reasonable for that demographic. I don't think my case bolsters your rich people play money statement whatsoever. We have people buying properties to rent, not vacation homes or part time AirBnBs.

Whether someone determines that a 250 K rental is a good investment should naturally consider several caveats including location and market conditions at time of purchase rather than making a blanket statement. That statement is inherently flawed as in making a universal statement, one must ignore considerable variables.

Perhaps in Jackson, Mississippi, a single family home's rent prices may be minuscule, a situation that may support your assertion. That is certainly not the same for larger cities or other regions. In my large city, a modest $250 K home in an okay neighborhood easily gathers $2500 per month in rental income or 30 K per year.

Some basic numbers in the rental property market is starting with rental income, add 4% home valuation appreciation, factor 5% income loss in vacancies periods and 40% of income on operating expenses to include items such as tax, insurance, maintenance, HOA, and property management (less if you manage yourself or have no fees).

For a 250 K home:

$30 K rent + 10 K appreciation - 1. 5 K vacancy - 12 K operating expenses = 26.5 K. That's a 10.6% return on 250 K.

But if leveraged as in original example, profits get even more interesting. Add interest expense but calculate return based on a much smaller investment in the form of a down payment, 50 K in this case.

Mortgaging the rest with a 200 K loan at 6% would result in about $1,200 monthly payments, or 14.4 K added to the first year's operating expense.

In this situation, income becomes 26.5 K - 14.4 K = 12.1 K from an initial investment of 50 K for 24% returns.

This obviously comes with more risk than cash assets but also a significantly higher rate of return. It comes with more work than stocks but significant less risk but more work.

[QUOTE=EscapeArtist;2887838]"professional wage earners shouldn't be investing in real estate. ".

"rich people throwing money around. ".

Disagree as I simply drew out a counterpoint case useing a relatively modest example of a 40 year old professional wage earner with a financial situation that is reasonable for that demographic. I don't think my case bolsters your rich people play money statement whatsoever. We have people buying properties to rent, not vacation homes or part time AirBnBs.

Whether someone determines that a 250 K rental is a good investment should naturally consider several caveats including location and market conditions at time of purchase rather than making a blanket statement. That statement is inherently flawed as in making a universal statement, one must ignore considerable variables.

Perhaps in Jackson, Mississippi, a single family home's rent prices may be minuscule, a situation that may support your assertion. That is certainly not the same for larger cities or other regions. In my large city, a modest $250 K home in an okay neighborhood easily gathers $2500 per month in rental income or 30 K per year.

Some basic numbers in the rental property market is starting with rental income, add 4% home valuation appreciation, factor 5% income loss in vacancies periods and 40% of income on operating expenses to include items such as tax, insurance, maintenance, HOA, and property management (less if you manage yourself or have no fees).

For a 250 K home:

$30 K rent + 10 K appreciation - 1. 5 K vacancy - 12 K operating expenses = 26.5 K. That's a 10.6% return on 250 K.

But if leveraged as in original example, profits get even more interesting. Add interest expense but calculate return based on a much smaller investment in the form of a down payment, 50 K in this case.

Mortgaging the rest with a 200 K loan at 6% would result in about $1,200 monthly payments, or 14.4 K added to the first year's operating expense.

In this situation, income becomes 26.5 K - 14.4 K = 12.1 K from an initial investment of 50 K for 24% returns.

This obviously comes with more risk than cash assets but also a significantly higher rate of return. It comes with more work than stocks but significant less risk but more work.[/QUOTE]I believe my full quote included "probably shouldn't" but whatever.

If someone thinks something is a good investment and they are so inclined go for it. I'm not a big fan of it after doing it myself.

It worked out fairly good for me but I had a few edges like buying during the 2008 financial crisis. My profits are higher than your figures. I am not totally adverse to it though. I would need to be highly compensated.

Your figures are intellectually entertaining. I'll take note that you guys are buying houses in mass at this time.

I'm not really sure I believe you. That is where I am with your posts. I have interest in the topic so whatever you write is entertaining.

[QUOTE=BobNSuzy;2888036]I believe my full quote included "probably shouldn't" but whatever.

If someone thinks something is a good investment and they are so inclined go for it. I'm not a big fan of it after doing it myself.

It worked out fairly good for me but I had a few edges like buying during the 2008 financial crisis. My profits are higher than your figures. I am not totally adverse to it though. I would need to be highly compensated.

Your figures are intellectually entertaining. I'll take note that you guys are buying houses in mass at this time.

I'm not really sure I believe you. That is where I am with your posts. I have interest in the topic so whatever you write is entertaining.[/QUOTE]LOL at the condescending, passive aggressiveness to an otherwise non confrontational discussion. It's revealing for sure.

Since we're critiquing verbatim accounts in this discussion, then "Don't believe you" or "buying houses in mass" seems to be a weird take as I'm not sure I have even inserted a personal account. In fact, my current real estate exposure is quite modest.

I was having a hypothetical discussion with very vague but realistic numbers, made to be easily digestible, but you seem to be feeling some sort of insecure way about someone making counterpoints. Perhaps you are taking disagreement personally for some reason. A natural inclination to measure dicks perhaps.

What is more to say when someone scoffs at 10-24% ROI? Apparently most people are schmucks for settling for such low returns.

Bought some Intel at 43.40 yesterday. I had sold. I have no idea what it does from here. If that is passive aggressive I don't care, LOL.

[QUOTE=BobNSuzy;2889241]Bought some Intel at 43.40 yesterday. I had sold. I have no idea what it does from here. If that is passive aggressive I don't care, LOL.[/QUOTE]Good buy for stock with near-blue chip history in a high demand sector.

But Intel's recent drop reinforces the original criticism of OP's boasting of short term gains over one month. Chip companies doing well but intel sinks. Case in point. Never said Intel was a bad investment.

Long Covid here, obviously. Doing the vaccine wasn't a good idea.

The investigation is hitting the wrong.

[QUOTE=PumDiPum;2890144]Long Covid here, obviously. Doing the vaccine wasn't a good idea.

The investigation is hitting the wrong.[/QUOTE]I m happy because I felt again good powerful heart on my Summer 2023 climbings tour, even I was very stressed by job, having to drive at night to Paris just after climbing Bormio Stelvio 2742 , when I worried on Summer 2022 tour, when my heart fell after 1 h20 full charge, after Moderna booster which made me sick with fever on February 2022 . Not anymore for me, when I want to climb again.

2 years of courage for Ukrainians and they protect east of EU. Big support to them who are so good example to never give up, versus the shame of Putin. I love Russia, but Russians are so blind, when they could have a much better life if they killed him, same blind than Chinese, or US voting for the shameful Trump.

[QUOTE=Sirioja;2896399]2 years of courage for Ukrainians and they protect east of EU. Big support to them who are so good example to never give up, versus the shame of Putin. I love Russia, but Russians are so blind, when they could have a much better life if they killed him, same blind than Chinese, or US voting for the shameful Trump.[/QUOTE]Russia has circa. 143 million people, how many have you met or heard speaking? You just don't hear true opinions as much as you and everyone else should.

[QUOTE=Abox79;2896597]Russia has circa. 143 million people, how many have you met or heard speaking? You just don't hear true opinions as much as you and everyone else should.[/QUOTE]The vast majority of them support Putin or are "uninterested in politics". And yes, I'm familiar with their thinking.

There's literally no opposition to the attack on Ukraine.

[QUOTE=Abox79;2896597]Russia has circa. 143 million people, how many have you met or heard speaking? You just don't hear true opinions as much as you and everyone else should.[/QUOTE]Putin will be easily elected again, when if they were not so blind, Russians should do to Putin what Romanians did to Ceaucescu. I had a Russian escorts for so many nights in Paris from 2011 to 2014 , we argued in restaurant about Putin. Millions of Russians are so blind, believing all his lies, when he put in jail, wives of soldiers.

[QUOTE=Sirioja;2896729]Putin will be easily elected again, when if they were not so blind, Russians should do to Putin what Romanians did to Ceaucescu. I had a Russian escorts for so many nights in Paris from 2011 to 2014 , we argued in restaurant about Putin. Millions of Russians are so blind, believing all his lies, when he put in jail, wives of soldiers.[/QUOTE]And you really think the elections are free and fair in Russia? Come on Sirioja, please get a grip on reality.

[QUOTE=Abox79;2896845]And you really think the elections are free and fair in Russia? Come on Sirioja, please get a grip on reality.[/QUOTE]It doesn't change that Russians support the attack on Ukraine and they do support Putin. He would win easily even if the elections were fair.

Ever heard of this guy named Navalny? I heard he ran against Putin.

[QUOTE=Abox79;2896845]And you really think the elections are free and fair in Russia? Come on Sirioja, please get a grip on reality.[/QUOTE]Of course, but Russians accept, rather than making new revolution and shooting Putin.