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And in last (calendar) year, the rocketing stock market makes the audience of this forum able to just buy houses out right with cash
by dixie_land 4y ago
And in last (calendar) year, the rocketing stock market makes the audience of this forum able to just buy houses out right with cash
- HWR_14 4y agoThe market seems to have returned to where it was 18 months ago. So it seems like, absent timing the market well, that's literally not a factor.
- ecedeno 4y agoWhat percentage of the audience do you reckon can outright buy houses with cash in the area where they live?
- kodah 4y agoI'm in the process of buying a place in mostly cash. I had been saving in expensive parts of California for the past four years, so with that as my target I was able to pick up a very nice house in Portland as the price corrected from ~650 to mid-400's. The way I look at it, after seeing tech do so well in remote work, it's here to stay and I plan on dying in that house.
- thunky 4y ago> I plan on dying in that house Yup I've made this plan a couple times now.
- kodah 4y agoWell, that's fair. Life happens, but I'd like to not leave and I don't often feel that way.
- thunky 4y agoYeah that's a great feeling and I apologize for my comment sounding negative, because in truth I was lucky to have it more than once. Congrats and enjoy your new home.
- kodah 4y agoNah, your comment was a good check. I appreciate it. My mind does need to be open to a changing future. In the mean time, enjoy it I will!
- Arrath 4y agoDepends, how many rooms are we talking?
- lotsofpulp 4y agoDamn, did I miss the memo on this forum to sell all stocks at the beginning of 2022?
- pixl97 4y agoIn theory you missed that memo in 2019, it's that Corona threw in a curveball that gave us an additional 3 years on the inevitable recession. This is why timing the market is hard.
- HWR_14 4y agoAlternatively, people I know who got that memo in 2019 sold their stocks, went short and now are in a significantly worse position.
- lotsofpulp 4y agoWas there a memo at the end of 2018? If not, why would there have been a memo in 2019 but not 2018?
- smileysteve 4y agoYes, the memo came in November 2021 from the federal reserve and multiple companies.
- lotsofpulp 4y agoDoes a memo get issued for when to buy stocks?
- monkeynotes 4y agoJust follow what congress members do: https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9 https://www.businessinsider.com/congress-stock-act-violation...
- nostrademons 4y agoYes, wait for your first S&P 500 bankruptcies and that will be your sign that the Fed pivot is imminent.
- mancerayder 4y agoYou're assuming they sold at the top during the rocketing stock market! The rocket has been pointing down the past few months.
- dixie_land 4y agoI am assuming they are not being greedy. Around summer last year I'd say a lot have an opportunity to cash out and buy a decent house and be debt free. But sadly many were thinking "one more year and I can afford a multimillion mansion with an infinity pool"
- ClumsyPilot 4y agothis post is the definituon of 'let them eat cake'
- grey-area 4y agoIn the last year stock markets have fallen. Roughly 30% for nasdaq for example over 12 months. This will continue.