Money | Sophisticated Bags

By Kibner Go To PostLook at the yards that even the mobile homes in the background have:

Humid summers and occasional hurricane doesn't so bad.

Two acres is plenty and if there's utilities at the street, that's the one. Can you sell the grandfather plot and use the $$ for the one your dad is leaving you?

By Kabro Go To PostHumid summers and occasional weather doesn't so bad.

The nearest Wal-Mart being a half-hour away ain't so bad, tbh. Have to drive everywhere but like 80% of businesses are locally owned and operated. Not a big diversity of food, either: couple mexican places, a handful of cajun & seafood restaurants, a good steak joint, a burger stand, and then a Subway and a Popeyes.

And, yeah, you will have to drive 30-60 minutes to get to any kind of "big" business or hospital instead of small offices.

By Fenderputty Go To PostTwo acres is plenty and if there's utilities at the street, that's the one. Can you sell the grandfather plot and use the $$ for the one your dad is leaving you?

That is something that I have been thinking about. I have to first settle my dad's plot with my brother and the larger plots from my grandfather are technically under the control of my mom, so, I can't readily sell anything at the moment. She would also like me to "keep it in the family" but we'll see.

Oh, I also got an additional $250 on top of my "max" quarterly bonus today. So, yay!

Yeah I was assuming some family dynamics would be at play. My in laws sold a house that's been int eh family for like 80 years to their son for cheap. Condition, he cannot sell. When he does he his to sell it to his younger sister at a discounted rate as well. Everyone in the family is like ... nobody wants to live in Azusa though.

They know my wife and I would just flipped the fucking thing heh

https://www.nbclosangeles.com/news/business/money-report/the-salary-you-need-to-buy-a-home-in-the-15-most-expensive-u-s-housing-markets/3480433/

1. San Jose
Income needed: $463,887
Median home price: $1.84 million
2. San Francisco
Income needed: $336,170
Median home price: $1.3 million
3. San Diego
Income needed: $241,784
Median home price: $981,000
4. Los Angeles
Income needed: $207,030
Median home price: $823,000
5. Seattle
Income needed: $191,332
Median home price: $755,300
6. New York City
Income needed: $186,123
Median home price: $659,200
7. Boston
Income needed: $186,059
Median home price: $704,700
8. Denver
Income needed: $160,874
Median home price: $651,000
9. Miami
Income needed: $159,528
Median home price: $625,000
10. Washington, D.C.
Income needed: $155,370
Median home price: $600,200
11. Riverside/San Bernardino, California
Income needed: $146,792
Median home price: $579,900
12. Portland, Oregon
Income needed: $146,483
Median home price: $574,000
13. Sacramento, California
Income needed: $139,283
Median home price: $533,900
14. Austin, Texas
Income needed: $135,333
Median home price: $466,700
15. Salt Lake City
Income needed: $134,692
Median home price: $551,200

where's OC?
or is it combined with the LA metro area?

Not combined I think, seems like they only chose larger metropolitan cities. Otherwise Santa Barbara would be up there with San Jose

No way NYC median is $680k lol

ok i was about to say.
I remember reading this article and OC was ranked 6th in the country in most expensive and right behind SF.
https://www.kiplinger.com/real-estate/603612/15-us-cities-with-the-highest-average-home-prices

By reilo Go To PostNo way NYC median is $680k lol

yeah that seems way off.
E: according to the link i just posted.

1. Manhattan, New York
Borough population: 1,596,273
Median household income: $95,866
Average home price: $2,711,000
Premium to U.S. average: 411.5%

and OC:

6. Orange County, California
County population: 3,151,184
Median household income: $106,209
Average home price: $1,464,488
Premium to U.S. average: 159.7%

By reilo Go To PostNo way NYC median is $680k lol

Yeah I’m not sure where they are even getting that number

They must be including those coops that are listed at like 200k but have a $4000 HOA

By Rob Go To PostYeah I’m not sure where they are even getting that number

They must be including those coops that are listed at like 200k but have a $4000 HOA

Gotta be a lot of sales in the depths of Queens or Brooklyn by JFK or something. No other explanation.

So Kado's eventually tossing a SLAENT so cal house warming party during a Lakers / Clippers game yeah?

By Fenderputty Go To PostSo Kado's eventually tossing a SLAENT so cal house warming party during a Lakers / Clippers game yeah?

we'll take the most awkward group photo ever.

Fed announced 50bps
Jpow to Bulls.
"Surprise Motherfuckers"

Fed 'dot plot' suggests central bank will slash interest rates two more times in 2024 after mega 50 basis point cut

https://shorturl.at/FgIcS

Property value so high even if rates fall to sub 4’s, a like for like sale to purchase would still be about 7k a more a year for me just on tax base

Damn what a day for the markets

Corporations win in the near term.

25 motherfucking point lads.

Federal Reserve cuts interest rates by a quarter point

https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Bank of England also went down 0.25% today (4.75%)
Need to get some more steam on that before my mortgage renewal next year

By JesalR Go To PostBank of England also went down 0.25% today (4.75%)
Need to get some more steam on that before my mortgage renewal next year

🫡

So from a 401k standpoint I’ve been rocking with risky growth indexes and small caps And it’s been paying off biggly

Based on the markets reaction I’m assuming things will pump for a while and probably pump again when he makes his corporate cuts permanent.

That said, I do think things will start to get more volatile when he implements his tariffs and starts his mass deportations. potential Fed fuckery too.

So at what point would you all start moving funds from riskier growth to less risky indexes, or potentially even
Bonds and staple good stocks like campbells soup? do you? Or do you just let it ride?

Time the market to your own peril.

Early or late, never on time.

Definitely not trying to time it perfectly and would obviously prefer an early departure. That said, this thing will pump until there's a real reason not to pump. Feds will continue to lower rates. He's not taking over until January. My portfolio will be up 3% in the last two days.

Are you already planning on shifting funds around? What types of indexes do you think will be better suited to when it all goes to shit?

I don't shift a thing. I'm essentially tracking a total stock index with a small tilt via the NASDAQ 100. I guess I can say I also have a domestic tilt since my international holdings are less than average.

We don't have an actual total stock index, but I can match it since we have all the components (large cap, mid cap, small cap).

I have an S&P index I use. Was probably going to keep that their. Specifically want to figure out when to offload the growth stuff. A lot of that growth stuff has NVIDIA heavily invested in it. One the one hand he'll push AI, on the other hand he's going to start a trade war over chips and the like.

International stuff was moved a while ago into small caps, it hadn't been performing and I don't' think I'm going to move any back as a trade war will be bad for everyone.