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All Forum Posts by: Albert Hasson

Albert Hasson has started 9 posts and replied 330 times.

Post: Fed cuts rates by .5%

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @Michael Baum:

I sure wish gas was low. Over $4 a gallon in my area. 

It was probably mid 5’s last summer.  Gas in WA/CA/HI will never be as low as other places in the country.  Low $3’s here in AZ which I consider pretty low.

Post: Buy and Hold "the best strategy for building long term wealth"

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214

Been in my home 20 years now.  Can’t even imagine moving every couple of years.  Glad your strategy works for you but to me your primary home isn’t an investment.  It’s where you live and make memories. 

Post: Fed cuts rates by .5%

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @Bud Gaffney:

Economy weaker than you thought? Dow is above 42K (record) Economy booming. Rates going down. 

Exactly. Consumer spending strong, travel at record highs, price of gas low, etc.  Yes prices are up and so are wages.  The folks that live paycheck to paycheck will struggle in any economy.  Fed has done masterful job engineering a soft landing.

Post: Vice President Harris Announces Economic Agenda

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @Craig Lessler:

She is full of crap and will say anything to gain votes. At the same time the Biden-Harris administration wants to double the capital gains tax rate and they previously attempted to eliminate the 1031 tax deferred exchange for most investors. She is also in favor of enacting a national rent control which would be an absolute disaster and would greatly reduce the amount of available of rental housing long term. Everything they propose is a total disaster and she has no understanding of the economy. She has never operated a business, had to make a payroll or ran anything successfully. 


 And Trumps not full of crap??

Really?

Literally everything that comes out of his mouth is a lie.

Post: Tenant screening - should I consider this person?

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214

No, absolutely don’t rent to them. There are several big red flags here.

Post: Are STRs as we know them dead in Colorado (and other places)?

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214

Heightened regulation is going to be a nationwide trend over the next few years.  It will happen in red AND blue states.

Why?

It's simple, people who spend good money on the home of their dreams don't want STR's next door to them. People don't want to share their quiet neighborhoods with renters who don't value peace and quiet and a sense of community. I am so so glad I've kept all my properties as LTR's. Not sexy but I sleep like a baby every night and cash those checks on the 1st of every month!!

Post: 60 of the 100 largest U.S. cities now negative rent growth

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214

This data (although from apartments) is 100% our experience in the Phoenix area. Just rented SFH that was getting $2195 for $1995 and we are re leasing all the others with zero rent increase. Clearly still higher than pre pandemic but rents are definitely going down. It's probably a good thing as it puts more money in the consumers pocket and props up the economy.

Post: How Accurately is Inflation Being Reported?

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @Guy Gimenez:
Quote from @Albert Hasson:
Quote from @Guy Gimenez:
Quote from @Albert Hasson:
Quote from @Guy Gimenez:

Believe any the government states at your own peril. Every aspect of the economy is manipulated and by redefining how any statistic is calculated, you can make the data show anything you want...and they most certainly do just that. 

Evidence???

Well, I see you're a physician so let me talk about something that should be in our wheelhouse. Was the government truthful about the efficacy of the Covid 19 vaccine and it's dangers? Did the government try their best to remove inexpensive alternative treatments from the market and lie about it? 


Yes the government was truthful about the efficacy of the COVID 19 vaccine.  It literally saved millions of lives worldwide.  Inexpensive alternative promoted by internet influencers didn’t and don’t work.  Sorry you don’t believe in science. FYI, just because you or your buddy didn’t get a vaccine and never got Covid is not evidence of anything.


 Well, that pretty much explains a lot about you. Millions of lives were lost due to the greed of hospitals and doctors like yourself who went along to get along. Ivermectin literally saved the lives of hundreds of thousands and would have saved more if physicians would have prescribed it instead of following the money. Clearly you equate money with science. Cheers good Sir, you're part of the reason so many have lost faith in the medical industry (and there's little doubt, it's an industry, not a profession). 


 Complete nonsense.  You are deep down the rabbit hole of conspiracy theories.  Be doubtful of science and the medicine at your own peril.  Natural selection in action.

Post: How Accurately is Inflation Being Reported?

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @Guy Gimenez:
Quote from @Albert Hasson:
Quote from @Guy Gimenez:

Believe any the government states at your own peril. Every aspect of the economy is manipulated and by redefining how any statistic is calculated, you can make the data show anything you want...and they most certainly do just that. 

Evidence???

Well, I see you're a physician so let me talk about something that should be in our wheelhouse. Was the government truthful about the efficacy of the Covid 19 vaccine and it's dangers? Did the government try their best to remove inexpensive alternative treatments from the market and lie about it? 


Yes the government was truthful about the efficacy of the COVID 19 vaccine.  It literally saved millions of lives worldwide.  Inexpensive alternative promoted by internet influencers didn’t and don’t work.  Sorry you don’t believe in science. FYI, just because you or your buddy didn’t get a vaccine and never got Covid is not evidence of anything.

Post: as unemployment would be 100% going up next year and higher chance of recession

Albert HassonPosted
  • Investor
  • Paradise Valley, AZ
  • Posts 361
  • Votes 214
Quote from @James Hamling:
Quote from @Albert Hasson:
Quote from @Account Closed:
Quote from @James Hamling:
Quote from @V.G Jason:
Quote from @Aaron Gordy:

@Carlos Ptriawan uummm the unemployment numbers are getting lower month over month.... yoy it has gone up from 2.84% to 3.34%. Let's be real though: 3.34% is crazy low! Its very very tough to find good help around here. I am in the process of hiring a finance professional to help as my development business grows. Indeed sent me 55 folks. Every one of the folks that I reached out to were unhappy with their current positions and were looking to move around. Only one person was unemployed but that was by choice. All were sharp. Its a scramble. I found one that is a great fit, thank goodness! This posting about WARN from the fed is interesting though. But from my boots on the ground experience its not easy getting good help. Austin metro is a job creating machine. Is the sky falling? Nope. 


 Unemployment is still not as strong as it would had we never had the pandemic. 

Give it 20/30 years, this will be a historic time future generations look back on and ask "why were they so DUMB back then". 

Or is it corrupt? Just sayin . . .

 Wow!  Lots of paranoid people on BP.  Inflation and unemployment numbers cooked??  Where’s the evidence?  


Well Albert, there is probably at this point a few thousand places I could reference for your "evidence" of the books being cooked on unemployment and inflation #'s.     The problem here is NOT evidence, it's information deficit, you my friend Albert are simply not informed of such because like the population of U.S. at mass you do not keep informed of such, and understandably so, it's rather "dry" boring and very technical stuff. 

To lend direction, your going to have to go back to Obama administration and start reading the articles of actions from there. That is when these significant changes started being manadated from executive level, for example mandating changes to what data is and is not utelized in CPI read, or what data is or is not used in unemployment numbers. 

See, most people THINK unemployment #'s are people who don't have a job, NO, that is NOT how unemployment # is computated anymore, hence cooking the #'s. 

Did you know if you get laid off from a job, and look for a job yes you are included in the unemployed #'s. BUT, if you can't find a job after looking for a certain time "POOF" you are no longer included in the unemployed #'s.      

Or, if simply choose you don't feel like working, and sit on welfare, your not included in unemployed #. 

Some of the historical BIGGEST factors to be watched and read for gauging inflation are no longer included in computation for the inflation #'s. Again, the books are cooked. 

You got a couple decades of information to catch up on Albert. 


I am aware of how unemployment numbers are calculated.  
Once again you cite no evidence of corruption or illegal activity leading to “cooked” books.  No minor tweak to any calculation in the last decade will lead to a number that you can’t compare either year to year or decade to decade.  When unemployment hit 10% in 2008 it was palpable, I knew people who lost their jobs.  When unemployment is sub 4% (like today) the economy even feels strong.  I don’t know of anyone in my orbit that has been laid off, quite the opposite, people are doing very well. Likewise with inflation it was obviously higher when it was reported at 9.1% vs today’s 3.1% (gas and rent for example have come down dramatically).

Whether inflation is .1 or .2% different that how it would have been calculated a decade or two decades ago is irrelevant.  Same with the unemployment rate.


Your cynicism is noted and you really must live a miserable existence thinking everyone is out to get you.