If you are going to sell SELL VERY SOON....

[boatdoc55]

If you guys would quit buying big fancy boats and big fancy houses and allocate your funds properly you wouldn’t have to worry about Social Security.

100%!!!!! Got to keep up with the Smiths next door though, heaven forbid they have something worth more than you.

 

[Cole Trickle]

Sure , if you are driving a small economy car with a fam of 5. (Highly Doubt it) Then look for a hotel that will fit a fam of 5, then eat out every meal.

Don’t even talk about flying somewhere with a fam of 5 then rent and get a hotel. You priced out airline prices? I’m flying to Philly 2 weeks from now. $1500 round trip, car is $85 a day. Haven’t got the hotel room yet. Only staying for 24hrs.

Still cheaper with the trailer if you keep the drive down to 8hrs from home. You can even do trips more often and not just 1x a year.

Is the trailer cheaper when you factor in depreciation, maintenence,registration,storage,insurance,etc.. and 12 months of payments when you use it maybe 5x a year on top of $6 gas?

I'm sure the bigger the family it starts to pencil out or if you use it a bunch but lets say you buy a decent new motorhome that's gonna run you $600+ a month before any of the other stuff i mentioned. I can take my family of 3 on a pretty kick ass vacation for well less than 10k.

 

[rivrrts429]

Is the trailer cheaper when you factor in depreciation, maintenence,registration,storage,insurance,etc.. and 12 months of payments when you use it maybe 5x a year on top of $6 gas?

I'm sure the bigger the family it starts to pencil out or if you use it a bunch but lets say you buy a decent new motorhome that's gonna run you $600+ a month before any of the other stuff i mentioned. I can take my family of 3 on a pretty kick ass vacation for well less than 10k.

It doesn’t pencil out but I can’t tell you how many people say the same about my boats after they’ve seen the money I’ve spent on them.

That’s all they do though. They take a trip to a place like Bora Bora or Europe once a year and sit on the couch or tend to their flower garden the rest of the year, fuck that.

I use my motorhome a minimum of once a month, sometimes more. If you try and do the math it’ll never make sense. Same as boats.

It’s a lifestyle of sorts that the whole family appreciates. That in itself is pretty unique in that each person in the household genuinely enjoys doing it.

 

[Done-it-again]

Is the trailer cheaper when you factor in depreciation, maintenence,registration,storage,insurance,etc.. and 12 months of payments when you use it maybe 5x a year on top of $6 gas?

I'm sure the bigger the family it starts to pencil out or if you use it a bunch but lets say you buy a decent new motorhome that's gonna run you $600+ a month before any of the other stuff i mentioned. I can take my family of 3 on a pretty kick ass vacation for well less than 10k.

Lets be honest you don't buy boats, trailers, car, truck to hope they appreciate.....

There are ones who maintenance their toys to a T and other do not.... Lets take a trailer, how much yearly maintenance on average $500? payment $450x12=$5400, insurance $600 yr..... storage $150x12=$1800 .....$8300 year to have it. .... Now you can take as many vaca's as you would like for $8,300. Still would need a camping spot if you want hooks up, some do some like to dry camping but add $100 per night.... to the above. So 9,000 for 1 weeks camping

If I fly my family of 4 right now I'm $1000 per ticket..... $4000. hotels... $225 per night x 7=$1575 car rental $700 (not counting fuel). plus the cost to eat out and not cooking some of your meals. so lets say $125 per day more to eat out on your meals...= $875. = $7,150. So for $1,850 more a year you have a trailer you can use for the other 51 weeks left.

so comparing trip to trip 1 x a year....Yes that 1 non trailer vaca is less expensive. But start adding more trips then it pencils the other way.

 

[RiverDave]

What in the FUCK are you talking about, mooches!!!!! I paid into that fund for over 50 years and deserve every cent I put into it and more. Not us OLD people's fault you pricks won't have anything. Blame the Congress for stealing it if you want to blame someone.

You need to slow down and read what he wrote. He said he read an article that said that..

Go get some glasses grandpa. Lol

 

[Havasu blue label]

Very true dry heat

 

[RitcheyRch]

Sold my dads house in Dec 2021 in 3 days to some flippers. Been on the market now for 2 weeks and no bites.

 

[77charger]

Memories in a hotel room are not comparable to memories camping out as a kid. It’s a lot more work but I want my boys to have the memories of camping as a family like I had.

We’ve done a lot of camping with the kids as they grew up.Mammoth kern deserts needles marina powell etc.

But as far as river goes these days like said easier and cheaper in hotel. Fuel saved easily pays hotel difference and we usually ate out anyways when we camped at needles with stops at topock.

 

[hallett21]

Sold my dads house in Dec 2021 in 3 days to some flippers. Been on the market now for 2 weeks and no bites.

I’d be interested to see if it’s still available after 30 days.

“Back in the day” you held multiple open houses and got into contract 30-60 days.

 

[jet496]

I mentioned earlier that the house inventories were up & houses weren't selling but I noticed today, most of those homes are sold or pending so maybe it's still a hot market.

 

[hman442]

You are correct, my inventory levels are down for May from March-April on new cars. It was starting to trend in the right direction but now has reversed. Very hard to buy used at the auctions right now without over paying, going to be tough for a bit.

Local Dealer story, a fellow ordered a pretty much top shelf Ford Diesel pickup (80k), almost a year ago. It just arrived, the dealer called him and told him that they would write him a check for $8000.00, if he would not buy the truck. I wish I'd ordered about 10 of 'em last year !

 

[Havasu blue label]

It’s called a 30 day escrow

 

[boatdoc55]

You need to slow down and read what he wrote. He said he read an article that said that..

Go get some glasses grandpa. Lol

Yep, yore right as usual but it does appear several of us took it the wrong way. See post 354

 

[Paradox]

In 1940 when SS benefits began;

1) It was means tested regarding income whereas if one earned more than 14.99 per month benefits were withheld.

2) Men and Women were eligible at age 65 assuming they had enough quarters of work coverage.

3) The life expectancy of a male was 60.8 years and 65.2 years for women yielding a very small number of Americans reliant on SS.

Yes but, total dollars withheld for the benefit of you social security account in 1940 was 1%. This went on through the 40s and was low for years after. Currently, total withhold contributed to your account is 12.4%. This is significant and represents well into the five figures a year for folks making roughly $90k a year or more.

Couple this with 45-50 years of work and, it is a shit ton of money..

Not at all like Social Security’s early days.

 

[badgas]

Thinking of buying or selling ?

This is really good listen if you are willing spend an hour of your time. Data driven not mainstream media fear porn driven. This episode breaks down what is actually happening in real estate vs. what the media sceams all day. Makes some great comparisons to our current maket and 2008, spoiler alert it's not the same. Educate yourself and then decide, don't let FOX or CNN decide for you.

What the Media Isn't Telling You About a “Housing Crash”

If you want to know if a housing market crash is coming, Rick Sharga, a leading provider of nationwide property data, is the person to talk to.

www.biggerpockets.com

 

[OldSchoolBoats]

Thinking of buying or selling ?

This is really good listen if you are willing spend an hour of your time. Data driven not mainstream media fear porn driven. This episode breaks down what is actually happening in real estate vs. what the media sceams all day. Makes some great comparisons to our current maket and 2008, spoiler alert it's not the same. Educate yourself and then decide, don't let FOX or CNN decide for you.

What the Media Isn't Telling You About a “Housing Crash”

If you want to know if a housing market crash is coming, Rick Sharga, a leading provider of nationwide property data, is the person to talk to.

www.biggerpockets.com

You mean there is actually good information out there? Podcasts with facts and data versus an agenda??? I don't believe it..........

 

[Rivrat]

Interests rates up half a percent today.....

 

[EmpirE231]

Interests rates up half a percent today.....

Stock market seems to like it

 

[MPHSystems]

So, was today a suckers rally? Is it a good opertunity to move into cash?

 

[badgas]

Is it a good opertunity to move into cash?

Has that ever been ever a good idea with inflation ?

 

[Done-it-again]

and I sold my gas stock the other day.....F' me!!!!!!

 

[CLdrinker]

Trucks and houses are the main Hail Marys I’m seeing. I’ve watch the market slow down on them the last couple months and now that the whole economy is slowing down all of the sudden people are posting for 20% higher than market value. I really don’t think people expect to get what the posted for it’s just a last shot to take advantage of the economy before it tanks.

The RV market will get extremely interesting when people who were paying markups on RVs relies how fucked they are when you can buy a new one for 30% under MSRP without a sweat. I talked to an owner of a RV lot 2 months ago and he said new RVs are coming in faster than can be sold, he even has big name lots calling to ask if he wants any of their extra stock because they have no more space. Soon this will be the story for every type of toy.

I have TrailerHitch RV blowing me up lol.

I wait...

 

[COCA COLA COWBOY]

A larger flipping company listed 8 homes last Friday....not one offer over the weekend on any of them. It's going to be interesting.

 

[brgrcru]

it's about time, the shit hits the fan.
everything is completely out of control.

 

[Go-Fly]

Was looking at a new house listing today in a newer track. $675k listed today. Looked to see what closed yesterday. Three houses down, one closed for $1.125m. The same kind of house by footage. It was for sale in March for $899k. Yes it's a very nice neighborhood and a very nice home but, it's going to be a very long time before you ever make that back. Pricing in that neighborhood should be around $495k. A million dollars and the houses are 10ft apart.

 

[PaPaG]

Stock market seems to like it

They were just happy the ass hat did not raise it .75 and only did .50 basis points. Article from the WSJ.
The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.

The moves, announced after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range between 0.75% and 1%.

Together, the steps mark the most aggressive Fed tightening of monetary policy at one meeting in decades, aimed at rapidly reducing the economic stimulus that has contributed to rising price pressures. The Fed, which usually lifts interest rates in quarter-percentage-point increments, last raised rates by a half point in 2000.

Major stock indexes rose after Fed Chairman Jerome Powell said the central bank is not “actively considering” raising interest rates in three-quarter percentage point increments. Shares of technology companies notched some of the biggest gains.

 

[PaPaG]

No, just a relief rally. I am guessing the market will adjust downward again for a bit with a few pops here and there..but always a buying opportunity for some great stocks at great low prices and soon to be even lower bargains to be had.

So, was today a suckers rally? Is it a good opertunity to move into cash?

 

[EmpirE231]

They were just happy the ass hat did not raise it .75 and only did .50 basis points. Article from the WSJ.
The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.

The moves, announced after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range between 0.75% and 1%.

Together, the steps mark the most aggressive Fed tightening of monetary policy at one meeting in decades, aimed at rapidly reducing the economic stimulus that has contributed to rising price pressures. The Fed, which usually lifts interest rates in quarter-percentage-point increments, last raised rates by a half point in 2000.

Major stock indexes rose after Fed Chairman Jerome Powell said the central bank is not “actively considering” raising interest rates in three-quarter percentage point increments. Shares of technology companies notched some of the biggest gains.

Okay doesn’t like it so much today

 

[MPHSystems]

No, just a relief rally. I am guessing the market will adjust downward again for a bit with a few pops here and there..but always a buying opportunity for some great stocks at great low prices and soon to be even lower bargains to be had.

I guess today’s open answered that question.


Market shot up like a rock.

 

[PaPaG]

Okay doesn’t like it so much today

That is for sure, 1135 down in the DOW and NAS down 645 so far today any rally yesterday is whipped out and lower today. Now after stating he was NOT going to raise the rate over .50 on the next 3 meetings, rumors are this AM that he goes .75...Powell is an idiot, and even worse our Administration seems hell bent on destroying our Economy even worse than they have so far this term.

 

[PaPaG]

I guess today’s open answered that question.


Market shot up like a rock.

Yup, I went on a little shopping spree on some NAS stocks just a bit ago and hoping for more soon....

 

[PaPaG]

Just my personal opinion, the DOW is going to drop another 1-2k before it hits a true bottom, NAS maybe around 800-1k so more to go..Back to the original post, housing slowdown is growing and once rates increase again lets see how slow the craziness of this housing market is corrected.

 

[MPHSystems]

Just my personal opinion, the DOW is going to drop another 1-2k before it hits a true bottom, NAS maybe around 800-1k so more to go..Back to the original post, housing slowdown is growing and once rates increase again lets see how slow the craziness of this housing market is corrected.

Yea, I can see that.


Just glad I don’t need any of our money in the anytime soon. Sure hope that doesn’t change.

 

[pronstar]

These small moves aren’t enough to impact inflation.

I’m very curious to see what happens in the market when:

• Fed dumps $3T from its balance sheet over the next three years
• Fed slows-down purchasing mortgage-backed securities
• High rates reduce home-buying power

There are no easy answers.
There will be pain, some sectors more than others.

 

[PaPaG]

New home sales are down the lowest they have been since pre-covid. The writing has been on the wall for a while now. If you have not sold by now I wish you luck and hope you get what you are asking or expecting before the Fed raises again causing rates to go even higher as expected or the market slowdown accelerates..Stock market is in the shits but it is a great time for day traders and I think both the Dow and Nasdaq will continue to drop more than most including me expected but it is a great time for Day Traders that is for sure.
Housing will continue to slow, sales will continue to slow, prices are adjusting on the outskirts of all HOT Markets soon to bleed over to the Hot Markets in decent %'s.

 

[JayBreww]

Parents got a cash 30 over asking on there place in Jurupa Valley last week. 4/2 2200’, pool with a back house that rents $1,000.

 

[Havasu blue label]

There is cash buyers where is that city

 

[Havasu blue label]

The stock market is horrible