harmmonica

6 ms·

61.
by harmmonica 10mo ago
Yeah, "jd," the sibling reply here pretty much summed up my sentiment so I'll just say "ditto" to what they said and add: I wonder if maybe you're being a bit one-sided based on some assumptions about Americans
62.
by harmmonica 10mo ago
Do you mean the opposite as in they purchased because they wanted to make some money? If so, that makes sense since one of the many reasons people buy homes is to invest in them. Here's hoping you didn't follow their lead, though,
63.
by harmmonica 10mo ago
FWIW I think I just listed a set of circumstances that happen every time there is a drop in housing prices historically, at least going back to the 90's savings and loan crisis. I'll tell you when people found Bay Area houses more
64.
by harmmonica 10mo ago
Not quite what I was saying, but now that you've put that so succinctly, if it were me, knowing the Bay Area and what's happening in tech/AI at the moment, I would hold off on the condo. The single family with some grit I&#x2
65.
by harmmonica 10mo ago
If you're taking what I said as FOMO I didn't intend it that way. The opposite in fact unless your sentiment is that anyone who wants to buy and live in property in the US is solely doing so because of FOMO. If you're saying
66.
by harmmonica 10mo ago
You're generally right except it's not true for everyone. Every recession that hits a lot of folks just keep their jobs and their salaries. Maybe their stock portfolios (for the few who have those outside of 401k's) take a hi
67.
by harmmonica 10mo ago
I hate to repeat this old adage, but in case it helps to see it here: if you've been wanting to buy something, and you see yourself staying in the area and the place itself for many years, and you have some savings buffer if things go
68.
by harmmonica 10mo ago
A drop in housing prices might be the only silver lining if an actual recession hits (whether the official statistics will actually admit to a recession is debatable of course). That said, even if housing prices drop materially and eventual
69.
by harmmonica 10mo ago
The US, today, is set up very well for wealthy people. The health care system works great for them. Their doctors are amongst the best in the world. Same with the hospitals they use. The costs are manageable if not reasonable for all of tho
70.
by harmmonica 10mo ago
The equally insidious thing is that when they get hit with the new premium anyone who took better coverage, like a silver plan for the ACA, will likely be "forced" to downgrade to a lower (bronze) plan, which means that when they
71.
by harmmonica 10mo ago
It doesn't add to the discussion, but an anonymous upvote wouldn't convey my appreciation for how apropos this comment is.
72.
by harmmonica 11mo ago
This flies in the face of so many of my beliefs about Buffett and Berkshire, but obviously these are new days since he's now or soon will not be "the guy" in charge (at least technically-speaking). Specifically, and these bel
73.
Marion County agrees to pay out $3M for newspaper raid, expresses regret(kansasreflector.com)
41 points by harmmonica 11mo ago|6 comments
74.
by harmmonica 11mo ago
Not retired (plays for Houston) but doesn’t lessen your point one bit.
75.
by harmmonica 11mo ago
My two cents... He might think the bubble is about to burst; he might be hedging his downside risk after a serious rise in his overall portfolio, picking the two stocks he thinks are the most out of whack valuation-wise to execute that hedg
76.
by harmmonica 1y ago
Oh man know I know I shouldn’t say it but that’s a genius reply! Thanks for the (depressing) laugh.
77.
by harmmonica 1y ago
If they're still based in CA when they IPO at least those initial taxes will be collectible in state (assuming they're structured in a way where the IPO is a taxable event for the leadership and staff). Pretty sure the taxes colle
78.
by harmmonica 1y ago
I'm not sure if you're going to get downvoted here for the advertisement (not by me because I find it useful and interesting), but can you be specific about what "streamline direct labor" means? Also, with the virtual si
79.
by harmmonica 1y ago
As if I need to make another comment about a, or multiple bubbles, but something has to give and here it's of course the consumer. New and used car prices are at all-time highs (nominal it sounds like, but tell that to someone whose wa
80.
by harmmonica 1y ago
The vote was a bit closer than you might think for Prop 15, which was the last attempt, I think, to repeal Prop 13 for investment property. And in 2020 when that ballot measure was voted on the pro-repeal folks were nowhere near as organize
81.
by harmmonica 1y ago
Just to give a little insight on this legislation, it has been described, rightfully so, as a boon to for-profit real estate developers so it's one of the least socialist things California has done in recent memory. It's stripping
82.
by harmmonica 1y ago
I think getting Prop 13 repealed along the lines of Prop 15 (basically for investment property) may actually happen. I think the pro group is much more organized today than they were in 2020 and so it will stand a much better chance of succ
83.
by harmmonica 1y ago
I've actually been wanting to do a rewatch of The Godfather for a bit here. Looks like tonight's the night. RIP Kay.
84.
by harmmonica 1y ago
I can't quite describe the visceral thrill I'd get seeing the towers starting from when I was a little kid. And whether it was staring at the folks dining in Windows on the World from across the way (too "fancy" for us t
85.
by harmmonica 1y ago
Do I have this right that there have been no or at least very few pure AI IPO's during this cycle (I can't actually think of a single one)? So it's dissimilar to dotcom in that regard because during that time countless dotcom
86.
by harmmonica 1y ago
I really don't have a concrete sense. My comment was very much predicated on the sheer number of folks who would be negatively impacted by the changes to existing domestic healthcare programs. And to put a fine point on my own comment
87.
by harmmonica 1y ago
I’m not so sure. 630,000 total HIV deaths annually. What percent are impacted by USAID and then how much growth in HIV deaths without USAID? My tens of millions comment is the people whose health care will potentially be impacted short term
88.
by harmmonica 1y ago
If you mean short term impacts that may be true, but I wonder if the medicaid, aca and likely medicare cuts will have material impacts on mortality. It will not be as easy to attribute, and therefore it’ll be hard to quantify (you might say
89.
by harmmonica 1y ago
https://maps.app.goo.gl/3zChgboCiqWuUD317?g_st=ipc
90.
by harmmonica 1y ago
Thanks for sharing, oliver. For anything local I've almost entirely switched and I guess I haven't been doing much price comparison between the two. One thing I have noticed here in LA, albeit only a couple of times, is that durin

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