Housing Analysis
- Thread starter eyephone
- Start date
NEW -> Contingent Buyer Assistance Program
I am a small fish. My holding of do?s and don?t doesn?t matter. I do know that my holding in Irvine has performed well over the last 2 decades.
You made a moral principle statement regarding stocks . So in a way it does matter.
That?s if people care about your opinion.
Yeah, I made a few bucks selling calls and puts with the huge options premiums.
Nowhere above did I ask for any details. The questions are asking whether folks with investment properties (rentals) keep detailed P&Ls, especially accounting for their time, and track equity movements annually; and when they're pleased with their performance, understand relative investment option performance.
If landlord don?t keep details how are they going to track and deducts comes tax time. It should be treated as a business and should be run as a business.
So I?ve finally click on the YouTube link and here is my thoughts. Your voice of east Asain FOB thoughts, so how do you measure and record all of these data? Did you personally talk to all of them to come to a conclusion that, east Asain think this way? Sure America is far from perfect but this country has given me so much and so much opportunity to be better if I work hard for it.
There is a lot of free country in world as the main characters spoken in the clips but people still choose the less perfect USA because you still get far more chance even when you foul up to do over again. It?s not about don?t fall off the horse but it?s all about how you get up on that horse again.
There is no perfect place in this world, far from it. but USA is still the best place for opportunity that?s why many on the face of this earth still prefer HER.
The first part of the video to me is that America is still the best place to be even if you break it down into imperfect individual pieces. But dumbing it down to ?freedom and freedom? like the 2nd guy in the video is precisely what?s wrong in America. For example, one freedom most east Asian fobs will never understand is the American need to own guns to demonstrate having freedom.
The 2nd part of the video echoes a lot of things east Asian Fobs think of the US because of the political environment we are in today. To a lot of FOBs, America has opened the Pandora's box. The very thin veil of political correctness that protects minorities like me is diminishing. The past presidential election showed us that White America can elect a president without much minority backing or even the actual popular vote. Trump received 29% Latino votes, 22% Asian votes and an even lower 8% African American vote. But none of that mattered because White America has spoken. And it wants Trump.
Yes, I am generalizing . Yes, I am anti Trump.
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch.
They cite worsening affordability, higher mortgage rates, and price cuts as reasons sales are unlikely to bounce back after peaking in November.
They no longer expect existing-home sales to contribute to the economy's growth.
The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch.
Meyer also said homeowners were cutting prices more aggressively to attract buyers. For example, the real-estate company Zillow is seeing the most price reductions since 2013. And during the week after Labor Day, sellers in New York City made the biggest cuts to their asking prices since 2009, according to StreetEasy.
https://www.businessinsider.com/hou...home-sales-have-peaked-bank-of-america-2018-9
This is not a fluke or a lucky guess. Price reductions/price cuts are happening.
A few of us have already stated why you may not be able to... or should wait.
It's also human nature to value other things over money.
It's also business to lose money in some places to make money in others.
You actually came very clear and civilized this time and I appreciate your post. Other times you seemed rather making fun of some other posters, but I think I now get your style a little better. So I know you didn?t mean to attack on anyone.
Here is a thing you should also take into consideration though. You are concerned that eyephone or mecco?s prediction for the drop would confuse the buyers. But at the same time what if your suggestion to buy now would result so many buyers into reget if there does come 20% or significant amount of drop in Irvine? As much as others? posts might carry mis-guidances so could yours. I do not wish for the crash or anything since that could potentially hurt the economy or even the country nation wide so bad, but I think taking others? opinions should be taken with more respect even if one can disagree so hard.
But this is a forum where there could be arguments and disagreements all over so I guess we will carry on.
irvinebullhousing
Well-known member
eyephone said:Compressed-Village said:eyephone said:Compressed-Village said:
But if you bought amazon when BTB and I were chatting about it. You probably done the best.
I hope your on the Canabis stock train. (Ride the train, but be ready to jump off)
There are certain principles that I would not cross even if it makes me millions. Canabis is now legal but that's only because our gov see additional revenue that can be capture. Up until the recent law pass, it was illegal. I am not going on that train.
Cv: What othe companies or industries you won?t invest in?
I am a small fish. My holding of do?s and don?t doesn?t matter. I do know that my holding in Irvine has performed well over the last 2 decades.
Compressed-Village said:eyephone said:Compressed-Village said:eyephone said:Compressed-Village said:
But if you bought amazon when BTB and I were chatting about it. You probably done the best.
I hope your on the Canabis stock train. (Ride the train, but be ready to jump off)
There are certain principles that I would not cross even if it makes me millions. Canabis is now legal but that's only because our gov see additional revenue that can be capture. Up until the recent law pass, it was illegal. I am not going on that train.
Cv: What othe companies or industries you won?t invest in?
I am a small fish. My holding of do?s and don?t doesn?t matter. I do know that my holding in Irvine has performed well over the last 2 decades.
You made a moral principle statement regarding stocks . So in a way it does matter.
irvinehomeowner said:Canabis is still illegal at the Fed level.
Even though many states have legalized it, doing business for them is difficult for them mainly due to electronic fund transactions (hence the popularity of cryptocurrency).
I would be cautious getting involved in anything canabis-related, I would say more but I don't have to, just go to YouTube.
That?s if people care about your opinion.
usctrojancpa
Well-known member
zubs said:
Yeah, I made a few bucks selling calls and puts with the huge options premiums.
Perspective
Well-known member
[I do know that my holding in Irvine has performed well over the last 2 decades.]
"Well" is relative. Do you perform detailed analysis of your profit and presumed equity gain every year on investment properties? Are you so detailed that you even account for your time spent? Do you know exactly how much your investment properties have saved you in taxes each year? Most landlords I know, don't.
Have you compared what you think your gain has been over two decades in Irvine investment property with what you would have gained in an S&P500 Index Fund?
These questions aren't directed at anyone in particular - just at folks who make generalizations about things like this.
"Well" is relative. Do you perform detailed analysis of your profit and presumed equity gain every year on investment properties? Are you so detailed that you even account for your time spent? Do you know exactly how much your investment properties have saved you in taxes each year? Most landlords I know, don't.
Have you compared what you think your gain has been over two decades in Irvine investment property with what you would have gained in an S&P500 Index Fund?
These questions aren't directed at anyone in particular - just at folks who make generalizations about things like this.
irvinebullhousing
Well-known member
Spare the details. We talk generally here. You should consult in details with your cpa or your better half. No ones will divulge financial on public forums.
Perspective
Well-known member
Compressed-Village said:
Nowhere above did I ask for any details. The questions are asking whether folks with investment properties (rentals) keep detailed P&Ls, especially accounting for their time, and track equity movements annually; and when they're pleased with their performance, understand relative investment option performance.
irvinebullhousing
Well-known member
Perspective said:
If landlord don?t keep details how are they going to track and deducts comes tax time. It should be treated as a business and should be run as a business.
irvinebullhousing
Well-known member
Kenkoko said:
So I?ve finally click on the YouTube link and here is my thoughts. Your voice of east Asain FOB thoughts, so how do you measure and record all of these data? Did you personally talk to all of them to come to a conclusion that, east Asain think this way? Sure America is far from perfect but this country has given me so much and so much opportunity to be better if I work hard for it.
There is a lot of free country in world as the main characters spoken in the clips but people still choose the less perfect USA because you still get far more chance even when you foul up to do over again. It?s not about don?t fall off the horse but it?s all about how you get up on that horse again.
There is no perfect place in this world, far from it. but USA is still the best place for opportunity that?s why many on the face of this earth still prefer HER.
CV, I think you may have understood me wrong. I (and most of the east Asian FOBs I know) agree with you. We love it here and choose to live here because after factoring everything in, USA is the best place to be. I responded to your post because the discussion was about FCBs perceptions about Irvine public education. From a lot of east Asain FOBs? perspective, Irvine education is a downgrade from what they are used to. Things are always different when you look at it from different perspectives. Take Crime for example. Irvine is often lauded for being one of the safest cities in America. But it?s less impressive if you are from Taiwan or Japan where crime rates in most major cities are lower than Irvine. But my point is this does not diminish Irvine. Like I said in my earlier post, Irvine has a lot of other positives besides having adequate/good/great schools.Compressed-Village said:
The first part of the video to me is that America is still the best place to be even if you break it down into imperfect individual pieces. But dumbing it down to ?freedom and freedom? like the 2nd guy in the video is precisely what?s wrong in America. For example, one freedom most east Asian fobs will never understand is the American need to own guns to demonstrate having freedom.
The 2nd part of the video echoes a lot of things east Asian Fobs think of the US because of the political environment we are in today. To a lot of FOBs, America has opened the Pandora's box. The very thin veil of political correctness that protects minorities like me is diminishing. The past presidential election showed us that White America can elect a president without much minority backing or even the actual popular vote. Trump received 29% Latino votes, 22% Asian votes and an even lower 8% African American vote. But none of that mattered because White America has spoken. And it wants Trump.
Yes, I am generalizing . Yes, I am anti Trump.
irvinebullhousing
Well-known member
Think about Rosa Park, Dr Marin Luther King early days. The harsh treatments and hardship that they have to endures. It really pave the way for people of color skins and minorities. The country is divided and they were divided before and we too shall over come it. Education and innovation help close that gap. The white America that support Trump will ultimate suffer more than you. Trump too will be forgotten when his term end.
I know a few people on this forum have called a top in the market, but it seems BoA is also calling it.
https://www.businessinsider.com/hou...home-sales-have-peaked-bank-of-america-2018-9
https://www.businessinsider.com/hou...home-sales-have-peaked-bank-of-america-2018-9
meccos12 said:
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch.
They cite worsening affordability, higher mortgage rates, and price cuts as reasons sales are unlikely to bounce back after peaking in November.
They no longer expect existing-home sales to contribute to the economy's growth.
The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch.
Meyer also said homeowners were cutting prices more aggressively to attract buyers. For example, the real-estate company Zillow is seeing the most price reductions since 2013. And during the week after Labor Day, sellers in New York City made the biggest cuts to their asking prices since 2009, according to StreetEasy.
https://www.businessinsider.com/hou...home-sales-have-peaked-bank-of-america-2018-9
This is not a fluke or a lucky guess. Price reductions/price cuts are happening.
irvinehomeowner
Well-known member
Price reductions/cuts doesn't necessarily mean a sustained drop in home prices.
It could indicate a course correction by people trying to cash in, a flattening out of prices, or a seasonal drop.
If 2013 was the last time Zillow saw these price reductions, it should be noted that 2013 was also when prices started spiking upwards.
Some have attributed my posts to some sort of agenda I might have or that I am "leveraged in real estate". I am neither, what I do have is a concern about doling out unsubstantiated advice to current home buyers.
I would just be cautious about any recommendations to wait because there is some 20% drop that *may* happen. As others have also posted, a 5-10% drop later may not be worth holding off on purchasing a home that you really like (and can afford) now. At the same time, I am not urging anyone to buy now because prices *may* continue to rise, but if you can afford to wait and can take a 5-10% rise (if they do), then wait.
Edit: Typo
It could indicate a course correction by people trying to cash in, a flattening out of prices, or a seasonal drop.
If 2013 was the last time Zillow saw these price reductions, it should be noted that 2013 was also when prices started spiking upwards.
Some have attributed my posts to some sort of agenda I might have or that I am "leveraged in real estate". I am neither, what I do have is a concern about doling out unsubstantiated advice to current home buyers.
I would just be cautious about any recommendations to wait because there is some 20% drop that *may* happen. As others have also posted, a 5-10% drop later may not be worth holding off on purchasing a home that you really like (and can afford) now. At the same time, I am not urging anyone to buy now because prices *may* continue to rise, but if you can afford to wait and can take a 5-10% rise (if they do), then wait.
Edit: Typo
?U.S. Sees Slowdown in Housing Demand
High prices and tax issues are keeping buyers away from the market
Myriad economic factors have led to the slowdown in demand, including the tax overhaul passed in December and price growth that has pushed listings out of the reach of many buyers, said Taylor Marr, senior economist for Redfin.
Both are "causing homebuyers to be more careful about their decision-making," Mr. Marr said in a statement Tuesday. Median sales price nationwide rose to $300,900 last month, a 4.7% increase compared to a year ago.
Demand is unlikely to see a turnaround in 2018, as "the housing market is past the heydays of spring and early summer, when most homes received multiple offers from buyers desperate to get a home under contract."
There were pockets of the country that bucked the trend. Housing demand rose 4.4% month-over-month in San Francisco, the largest increase of any of the 15 areas Redfin tracks.
By contrast, Orange County in Southern California saw buyer demand tumble 10.8% in August compared to July.
The index comes on the heels of Redfin?s market snapshot on Monday, in which the brokerage reported U.S. sales slowing 2.4% in August compared to a year ago.
Meanwhile, the number of homes on the market with price cuts has increased to nearly 30%?the highest portion since the listing site began keeping track in 2009.?
Source:https://www.mansionglobal.com/articles/u-s-sees-slowdown-in-housing-demand-109571
My comment: This is probably the biggest transaction a personal will make. Why not wait and see?
It?s human nature that people don?t like to lose money. (It?s the same with businesses)
High prices and tax issues are keeping buyers away from the market
Myriad economic factors have led to the slowdown in demand, including the tax overhaul passed in December and price growth that has pushed listings out of the reach of many buyers, said Taylor Marr, senior economist for Redfin.
Both are "causing homebuyers to be more careful about their decision-making," Mr. Marr said in a statement Tuesday. Median sales price nationwide rose to $300,900 last month, a 4.7% increase compared to a year ago.
Demand is unlikely to see a turnaround in 2018, as "the housing market is past the heydays of spring and early summer, when most homes received multiple offers from buyers desperate to get a home under contract."
There were pockets of the country that bucked the trend. Housing demand rose 4.4% month-over-month in San Francisco, the largest increase of any of the 15 areas Redfin tracks.
By contrast, Orange County in Southern California saw buyer demand tumble 10.8% in August compared to July.
The index comes on the heels of Redfin?s market snapshot on Monday, in which the brokerage reported U.S. sales slowing 2.4% in August compared to a year ago.
Meanwhile, the number of homes on the market with price cuts has increased to nearly 30%?the highest portion since the listing site began keeping track in 2009.?
Source:https://www.mansionglobal.com/articles/u-s-sees-slowdown-in-housing-demand-109571
My comment: This is probably the biggest transaction a personal will make. Why not wait and see?
It?s human nature that people don?t like to lose money. (It?s the same with businesses)
irvinehomeowner
Well-known member
eyephone said:
A few of us have already stated why you may not be able to... or should wait.
It's also human nature to value other things over money.
It's also business to lose money in some places to make money in others.
irvinehomeowner said:
You actually came very clear and civilized this time and I appreciate your post. Other times you seemed rather making fun of some other posters, but I think I now get your style a little better. So I know you didn?t mean to attack on anyone.
Here is a thing you should also take into consideration though. You are concerned that eyephone or mecco?s prediction for the drop would confuse the buyers. But at the same time what if your suggestion to buy now would result so many buyers into reget if there does come 20% or significant amount of drop in Irvine? As much as others? posts might carry mis-guidances so could yours. I do not wish for the crash or anything since that could potentially hurt the economy or even the country nation wide so bad, but I think taking others? opinions should be taken with more respect even if one can disagree so hard.
But this is a forum where there could be arguments and disagreements all over so I guess we will carry on.
Just to add to Metty?s statement. If you are going to buy why not ask for a discount. (Max discount wink wink)
Let them pay for your buyer closing cost, ask for a reduction in price, ask them to throw in furniture, remodeling credit with the builder. (You might not get it all, but what does it hurt to ask.) Thats if I think it?s a good time to buy. Which I don?t think it is.
Take a look at RE globally not doing so well.
?UBS Group's Global Real Estate Bubble Index puts Munich, Toronto, Vancouver, London and Amsterdam alongside Hong Kong as cities currently in property bubble territory.
"Major imbalances" are also found in Stockholm, Paris, San Francisco, Frankfurt and Sydney, the report said.?
https://www.google.com/amp/s/www.cn...bubble-index-reveals-property-crash-risk.html
Let them pay for your buyer closing cost, ask for a reduction in price, ask them to throw in furniture, remodeling credit with the builder. (You might not get it all, but what does it hurt to ask.) Thats if I think it?s a good time to buy. Which I don?t think it is.
Take a look at RE globally not doing so well.
?UBS Group's Global Real Estate Bubble Index puts Munich, Toronto, Vancouver, London and Amsterdam alongside Hong Kong as cities currently in property bubble territory.
"Major imbalances" are also found in Stockholm, Paris, San Francisco, Frankfurt and Sydney, the report said.?
https://www.google.com/amp/s/www.cn...bubble-index-reveals-property-crash-risk.html