All Forum Posts by: Mike Anderson

Quote from @Christopher Arnold:

Quote from @Mike Anderson:

Its still got a good bit to go till it hits bottom. It's going to continue to decline only questions is how much. 

Numerous buildings have plenty of room to decline. However, I've noticed in several places, the lower-priced units are absorbing in a market with the lowest absorption rate in 20 years. There's a strong likelihood that non-investors will snap up all the reasonably priced properties, which make up about one third of the current listings.

I agree.. I want to buy a condo but honestly the entire market in Florida for a condo is just getting to the point of so much uncertainty.

Its still got a good bit to go till it hits bottom. It's going to continue to decline only questions is how much. 

I My story is similar to yours I'm just a few years ahead of you. High income earner but hated my career. I decided i was going to replace my w2 income with Airbnbs in 2020 and started on my path. While that did work out as I made really good money CoC return i sold them after seeing what i think is weakness in the airbnb market in 2022 after basically doubling up. Since I've invested that cash in a simple S&P index fund and have had 20%+ returns the last 2 years.

Real estate is a piece of the pie here. I think your question should be posted into a few of the F.I.R.E community groups too. I plan on getting a few more pieces of real estate once i see how the market shakes out. With that said I feel like I significantly improved my position and reduced my stress..

Being  high income earner is great, but the goal is what you keep and what you spend. The most satisfying changes I've made is move out of tech management and back into just engineering roles, I sold my house in the city and moved to 5 acres in the hills where i work remotely for less money gladly, I've paid off everything, and now I have the flexibility to do anything. I work but without the weight of the world on me at this job, I also fish more, and spend more time sipping whiskey just watching the sun go behind the mountains.... Maybe the answer isn't "replace your W2 as quick as you can" but maybe the conversation needs to be how can i lower me expenses, while still enjoying life, and maybe just doing a job that pays 200k with no expenses and a few rental properties that bring in some income. Which brings me back to the "F.I.R.E" thing maybe you should look into that and changing your lifestyle and doing a blend of a lesser/easier job, less expenses, some real estate investments, and some stock investments. Ultimately the purpose here is to enjoy and be happy with your days, if you own everything you need daily, you don't "need" 500k a year.

Quote from @Steve K.:

Quote from @Mike Anderson:

Quote from @Steve K.:

Quote from @Mike Anderson:

Quote from @Steve K.:

Wait, so politics and name-calling are allowed on BP now? This thread is revolting. There’s a reason news outlets stopped allowing comments after articles (except Fox News of course which has become a cesspool, and if BP turns into that, I’m out).  

From "Boulder" huh. Comes as no surprise how "revolted" you are that you have now learned other people have a different opinion from you being from there. The reason a lot of these outlets stopped comment is purposely trying to silence one side. I didn't know you before, and I won't remember you 20 minutes from now... That said I will pray for you that you make it through this incredibly hard time you are having now that you *GASP* read an opposing viewpoint. 

This type of trolling is exactly the reason we can’t have real political discourse as it relates to real estate on here. Thanks for proving my point.   

Being offended is a choice.. You cant have discorse if one side is perpetually offended and wants the other wide silenced.. Thanks for proving my point! 

Where did I say I was offended? You’re jumping to a lot of conclusions buddy. Assuming I’m offended, assuming you know anything about me and my politics based on where I live, assuming I want to silence people. That’s a lot of mental gymnastics based on a short comment in which I simply pointed out how name-calling is revolting. You’re free to disagree that name calling is revolting if you want. That’s only position I actually presented.  The rest of the stuff you just made up. 

 No you called this thread revolting because it has views you didn't like. I didn't assume anything you are threatening to leave because you can't handle seeing an opposing view. Thats the goal of your overly emotional response is to get people to back down and force admins/moderators or whatever to stop opposing view points thus silencing them. This isn't a new strategy or mental gymnastics its page 1 from the well used playbook. You also actually gave a position on fox news, which immediately revealed your political position. I'm sorry but I just strong enough mentally and emotionally to not let name calling trigger me like it has you. Good luck on getting passed that emotionally and mentally. I wish you well, have a blessed day.

Quote from @Steve K.:

Quote from @Mike Anderson:

Quote from @Steve K.:

Wait, so politics and name-calling are allowed on BP now? This thread is revolting. There’s a reason news outlets stopped allowing comments after articles (except Fox News of course which has become a cesspool, and if BP turns into that, I’m out).  

From "Boulder" huh. Comes as no surprise how "revolted" you are that you have now learned other people have a different opinion from you being from there. The reason a lot of these outlets stopped comment is purposely trying to silence one side. I didn't know you before, and I won't remember you 20 minutes from now... That said I will pray for you that you make it through this incredibly hard time you are having now that you *GASP* read an opposing viewpoint. 

This type of trolling is exactly the reason we can’t have real political discourse as it relates to real estate on here. Thanks for proving my point.   

Being offended is a choice.. You cant have discorse if one side is perpetually offended and wants the other wide silenced.. Thanks for proving my point! 

Quote from @Sarah Kensinger:

Anderson Business Advisors all the way! We love using them and really enjoy taking in all the educational content they offer clients. 

I mean i really like my guy i recommended and he is local to the house and in GA. That said the name if this place comes in real strong.. lol. 

The link doesn't work though. 

Quote from @Steve K.:

Wait, so politics and name-calling are allowed on BP now? This thread is revolting. There’s a reason news outlets stopped allowing comments after articles (except Fox News of course which has become a cesspool, and if BP turns into that, I’m out).  

From "Boulder" huh. Comes as no surprise how "revolted" you are that you have now learned other people have a different opinion from you being from there. The reason a lot of these outlets stopped comment is purposely trying to silence one side. I didn't know you before, and I won't remember you 20 minutes from now... That said I will pray for you that you make it through this incredibly hard time you are having now that you *GASP* read an opposing viewpoint. 

Quote from @Nicholas L.:

  side question: how do i tell if a politician is 'pandering'?

 Their mouth is moving and noise is coming out is generally how I know. 

Haven't we tried this whole hey lets get people who don't qualify for a house to qualify for a house thing before? 

I have a really good attorney over the mountain from you in Rabun that has done this exact thing for others. I'm going to do it with him too soon i just need to find time to sit down and do it. Shoot me a PM if you want his info. Really good guy.