All Forum Posts by: Paul Sofia

Quote from @Paul Sofia:

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@Paul Sofia

I don't know - certainly SOME manipulation, but also a lot of free form nonsense occurring too.  I think you add it all up and... it doesn't add up to anything.

I just finished reading Going Infinite, about SBF, and the Cult of We, about Adam Neumann.

A lot of "smart" people, without any coercion or manipulation, were happy to hand over millions / hundreds of millions / billions of dollars to those two characters.  From retail investors with $28 to VC funds to Japanese conglomerates.  Just a bunch of big nonsense

No one is stopping me from buying my vanilla SFHs so that's what I'll keep doing

 Go for it.  There are plenty of you out there

Paul is very accurate though.

The one person that create so many market volatility and divergences is just one person. Jerome Powell itself.

If he resign we solved 73% of the problem lol.

@Paul Sofia

I don't know - certainly SOME manipulation, but also a lot of free form nonsense occurring too.  I think you add it all up and... it doesn't add up to anything.

I just finished reading Going Infinite, about SBF, and the Cult of We, about Adam Neumann.

A lot of "smart" people, without any coercion or manipulation, were happy to hand over millions / hundreds of millions / billions of dollars to those two characters.  From retail investors with $28 to VC funds to Japanese conglomerates.  Just a bunch of big nonsense

No one is stopping me from buying my vanilla SFHs so that's what I'll keep doing

Quote from @Alan F.:

Quote from @Carlos Ptriawan:

Quote from @Paul Sofia:

Quote from @Nicholas L.:

@Paul Sofia

it's never 'normal' though is it?

 It's complete madness now

 Yea …..

the crazy thing is actually lot of tech company have received very little order from customer , some because of post covid supply demand issue and some because most buyers choose to hoarding cash rather than do investment.

I don’t know what would happen in 2024 but it is like dotcom bust era without being busted yet hahaaha

 Shhhhh, we're not supposed to speculate anymore!

It is strange era :
- massive job loss in tech but highest real eatate price
- lot of layoffs but stock all time high
- residential real estate all time high with LP investor going for bankruptcy 
- there is no company receiving large order but stock is all time high hahahaha

the true dysfunctional dystopian economic that we live in today , even hard to understand by the actor itself.

@Paul Sofia

it's never 'normal' though is it?

it's expected 900% in certain way that unemployment would raise more than current 3-ish to 5-ish next year and higher chance of recession signaling Fed to post 75 bps rate reduction in 2024, question would be whether unemployment would affect residential real estate or not ?

would not surprise if younger kid would go back to live w/ their parent, would not surprise also if househacking would be more relevant as that's the only tools for homeowner to go against job losses ..... life may go to normal in 2025.

Quote from @Paul Sofia:

This is my wheelhouse.  I do modular, manufactured and stick built homes.  What is your level of experience?  I can share some advice with you if you wish.

 I am looking to do this with two separate 5 acre lots. I would love to talk. 

Quote from @Paul Sofia:

This is my wheelhouse.  I do modular, manufactured and stick built homes.  What is your level of experience?  I can share some advice with you if you wish.

 Love to hear about Modular/Prefab home + adu loan products have changed recently