Agree on unprofitable outfits like $SNOW and high PE like $ABNB |
It won't be the boomers who will suffer. The AirBnb and multiple properties in Austin crowd is decidedly younger generation (you people) who think RE will only go up. That's the bubble that will really kill the economy. It's quite unsustainable. That's when the fun begins. As an "almost boomer", I'm waiting with a bunch of cash to pick up a couple of properties for my kids and invest in stocks. I (and a bunch of boomers) have seem these cycles multiple times are are prepared. Y'all.. not so much. |
PP here. Honestly, I just thought it would be boomers based on my parents' crowd (we'll be able to fund my parents and they lived pretty frugally after paying for our educations, which was decidedly a lot, so we're fine paying whatever they need). Whoever is sitting there on these properties they didn't deserve is who I want to see go bust! We're in your boat as well but tbh we're not the typical millennials since we are also sitting on a bunch of cash to pick up some RE and invest back in when things go boom. Anyways, I think we have the exact same strategy. Here's to the fun starting! |
Good luck to you to as well! I think greed spans generations. I'm mid-50s, an almost-boomer, and have seen some boomers (10-15 years older than me) be affected by the 2008 crash. A few of them were higher up the corporate hierarchy and were about to retire back then but got killed in the crash and had to continue working. Several of them turned conservative and are likely now sitting pretty. Between 2008 to about 2015/16, the market struggled to really go up because there weren't too many people investing, mostly gun-shy from the crash. The 2016-2021 boom is really the result of new money coming into the market and I suspect it was from younger workers as opposed to boomers. Same goes for RE and AirBnb IMHO. I missed picking up some good RE in Vienna (homes were selling for about 400K, about half of what they go for now) during that time. Have more cash now and waiting for another crash. |
This is so very Boomer. |
When you’re older you’ll understand the quiet satisfaction of screwing over the next generation. |
As a near boomer, you must be GenX. As a rule, you don't speak for us, and we are no where nearly as willing to screw over others because we have been on the receiving end often. Clearly you have drunk the boomer kool aid. Anyways, you are so wrong, RE is not going down in nominal dolars; in real dollars sure, inflation may roar forward and properties may languish, but those multiple properties were bought with crazy low rates, rents are exploding, and there will be no pressure to sell or foreclose. Keeping a bunch of money in cash? That is almost as dumb as investing in Luna at this point, but you do you. |
You're Wrong About: Tom Cruise on Oprah’s couch w. Willa Paskin https://podcasts.apple.com/us/podcast/tom-cruise-on-oprahs-couch-w-willa-paskin/id1380008439?i=1000548844481 |
Apple sells overpriced widgets. That's it. This first thing consumers will pull back on are luxury good and discretionary spending once the economy crumbles, job losses occur, and as inflation rages out of control for essentials like food/fuel/housing. Despite Apple's cash flow, they will be sensitive to economic downturns. Apple is $2T+ widget/gadget seller. Big whoop. It's when your generals start falling do you really bottom out. Apple can fall a loooooong way when a recession comes combined with high inflation slamming consumers' disposable income. |
It's called wishful thinking. I saw that a lot the last time around.. But of course, this is different..
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| Are u all loosing lots of money now? Are u selling? |
| Tesla is a pig that is losing its lipstick |
What are these |
+1 Waiting for RE to tank/cool due to fed hikes. I will invent in stock all the way down and all the way up. Just remember whenever people are selling, someone is buying. Personally I'd rather buy at a discount, so a big thanks to all those that are panic selling. I'm not a boomer so I have time. I'm not a Millennial so I have experience. |
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Told. You. So.
But go ahead and keep buying the dip like programmed fools. This market will keep drilling with the insane Fed hikes and a much more hawkish FF rate at YE than was expected. Costs for borrowing skyrocket now. So many companies earnings are going to tank. A giant reset of PE for the market will take place. Buy the dippers are buying at highs and will be stuck for a very, very long time. The era with a. Fed put is over. |