Stock Market (4 Viewers)

lgorTudor

Senior Member
Jan 15, 2015
28,436
Expecting a full scale crash by Q4: Bonds, stocks, crypto, real estate. Money velocity is gonna increase, then inflation will actually hit, prices of goods will rise and risk assets we be sold off since wages won't rise to compensate. Raw materials are already up like 50% this year, guess what's gonna inflate next, exactly it's gonna be goods made of those materials. They will pump risk assets to a blow off top over the next couple of months and then it's rope season.
 

swag

L'autista
Administrator
Sep 23, 2003
77,360
There's a lotta crazy out there. Evaluations unmoored from fundamentals. Home prices skyrocketing without underlying justification and supporting rental markets. Blood is in the water. The question is how quickly will the tub drain out before it overflows.
 

Bjerknes

"Top Economist"
Mar 16, 2004
103,788
ES! better start bouncing otherwise it's a long way down to 4060.

There's a lotta crazy out there. Evaluations unmoored from fundamentals. Home prices skyrocketing without underlying justification and supporting rental markets. Blood is in the water. The question is how quickly will the tub drain out before it overflows.
The housing market is particularly insane. Two people I know recently put their houses up for sale, one of which originally bought for 300,000 and sold for 500,000 and is moving to Hawaii. Both people sold their houses within hours of them being on the market. There's literally shacks in the area that have like 2 bedrooms and 1 bath and probably haven't been updated at all going for 200k. This is seemingly the same for anywhere in VA, MD, WV, or DE.

I just don't see how this is sustainable. There's no way in hell an average person can afford to buy 500k homes unless everyone has massive inheritances from family members dying from Covid.

Expecting a full scale crash by Q4: Bonds, stocks, crypto, real estate. Money velocity is gonna increase, then inflation will actually hit, prices of goods will rise and risk assets we be sold off since wages won't rise to compensate. Raw materials are already up like 50% this year, guess what's gonna inflate next, exactly it's gonna be goods made of those materials. They will pump risk assets to a blow off top over the next couple of months and then it's rope season.
You could be right. Just look at lumber futures. They basically went parabolic and are finally selling off now. It's ridiculously expensive to build new houses and has been that way for a while, so I wonder if that's part of the reason for the existing real estate sales being so crazy.


27lDDDjQ.png
 
OP
AFL_ITALIA

AFL_ITALIA

MAGISTERIAL
Jun 17, 2011
21,540
  • Thread Starter
  • Thread Starter #689
    I don't think we'll see housing prices have anything other than a small correction unless political action is taken, such as preventing purchasing of housing as an investment by hedge funds or wealthy foreigners for example. Too much money is already invested in it.
     

    ALC

    Ohaulick
    Oct 28, 2010
    44,270
    ES! better start bouncing otherwise it's a long way down to 4060.



    The housing market is particularly insane. Two people I know recently put their houses up for sale, one of which originally bought for 300,000 and sold for 500,000 and is moving to Hawaii. Both people sold their houses within hours of them being on the market. There's literally shacks in the area that have like 2 bedrooms and 1 bath and probably haven't been updated at all going for 200k. This is seemingly the same for anywhere in VA, MD, WV, or DE.

    I just don't see how this is sustainable. There's no way in hell an average person can afford to buy 500k homes unless everyone has massive inheritances from family members dying from Covid.



    You could be right. Just look at lumber futures. They basically went parabolic and are finally selling off now. It's ridiculously expensive to build new houses and has been that way for a while, so I wonder if that's part of the reason for the existing real estate sales being so crazy.


    27lDDDjQ.png
    I was trying to buy a place around the 250 range. 2 bedroom rowhome usually. Offers were going in for 300k and all cash. I pulled out, no fucking way that’s worth it

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    Also, I think the main reason housing prices is so retarded is because people aren’t moving due to the pandemic and supply is super low while demand is picking up
     

    lgorTudor

    Senior Member
    Jan 15, 2015
    28,436
    I was trying to buy a place around the 250 range. 2 bedroom rowhome usually. Offers were going in for 300k and all cash. I pulled
    Living space costs 9k€/m² here (excluding land) and if you move out of the city it's 6k€/m² in a village. My boss just paid 600k€ for a modest house that is so far away from infrastructure that it's basically a cabin in the woods. 7 figures for the cheapest house in the city.

    Fuck them. Not buying boomer bags. I am patient. At some point the boomers die and their kids are gonna need money for OF subscriptions.
     

    ALC

    Ohaulick
    Oct 28, 2010
    44,270
    Living space costs 9k€/m² here (excluding land) and if you move out of the city it's 6k€/m² in a village. My boss just paid 600k€ for a modest house that is so far away from infrastructure that it's basically a cabin in the woods. 7 figures for the cheapest house in the city.

    Fuck them. Not buying boomer bags. I am patient. At some point the boomers die and their kids are gonna need money for OF subscriptions.
    yeah that’s fucking ridiculous. Let them all die.
     
    OP
    AFL_ITALIA

    AFL_ITALIA

    MAGISTERIAL
    Jun 17, 2011
    21,540
  • Thread Starter
  • Thread Starter #693
    Living space costs 9k€/m² here (excluding land) and if you move out of the city it's 6k€/m² in a village. My boss just paid 600k€ for a modest house that is so far away from infrastructure that it's basically a cabin in the woods. 7 figures for the cheapest house in the city.

    Fuck them. Not buying boomer bags. I am patient. At some point the boomers die and their kids are gonna need money for OF subscriptions.
    yeah that’s fucking ridiculous. Let them all die.
    I fear we will not live to see such a thing but :xfingers:
     
    OP
    AFL_ITALIA

    AFL_ITALIA

    MAGISTERIAL
    Jun 17, 2011
    21,540
  • Thread Starter
  • Thread Starter #695
    https://www.tipranks.com/stocks/ssss/dividends

    If I buy 2,000 shares of SSSS, collect the $2.50 dividend per share on 5/17 and immediately turn around and sell the shares I walk away with $5,000 no problem right?
    That's the ex-dividend date, you'd need to own before then in order to get paid the dividend, which is June 30th.

    You could do that, but I think that usually you'd see a decrease in the share price equal to the dividend amount once it's paid out, so I'm not sure that it would make sense unless the share price has been increasing on its own anyway. But I could be wrong.

    @Bjerknes @lgorTudor might be able to confirm
     

    X Æ A-12

    Senior Member
    Contributor
    Sep 4, 2006
    77,556
    Thanks. I don't have diverse investing experience just here to fight the inflation

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    What do you guys think about precious metals right now? In anticipation of inflation panic?

    Things like PSLV, Vale, DNCVF, ELRRF, SIL, SILV?

    I've already bought a good amount of PSLV but the others seem more volatile
     
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