All Forum Posts by: Eric Bilderback

@Account Closed

If you go to the the back of a kitchen at most restaurants there are a bunch of hispanic guys many American citizens.  You should ask them if open boarders and bringing in immigrants that will work for lower wages helps them and their families.  I just say that because it is harder to accuse them of being racist.

 @Mike Dymski said don't bloviate (because nobody cares) just tell folks what you're doing (great point).  I am building a 9 unit apartment building right now along with a duplex. In my defense I know that even if it doesn't pencil I can hold it for as long as needed. "Do as I say not as I do" Lol

Like sports life/investing favors the aggressor so think it through and go for it.

If I was to guess I’d say this market could be falling quite a bit more.  I don’t see any deal that make sense at all.  So I’d say probably good time not to buy.  But I have thought a crash was coming for a while and the financial engineers keep make asset prices go up so who knows.

An extreme example of when people lose common sense and have a fanatical ideology, (which sadly many of our fellow citizens do) is laws, contracts etc will not be enough to safe guard private property. 

To take it a step further I would bet if a county or judge motivated was enough they could find some kind of violation with almost any property.  Assuming that is the case landlords will be more and more at the mercy of social justice, political favor, or just idiots.  Lol 

@Nicholas L.

Instead of distortion I should say less of a market based economy, thats fair.  My overall point is with stimy's, PP&E, zero interest rates and the rest of it on paper everyone got richer but in real life there was less production.  Guys like us actually did great since we had debt and that debt got further and further diluted.  So while I agree with Mr. Trench that if the economy was dependent on market forces real estate investors would be in trouble, I am not sure the government's financial engineers won't bailout even make certain asset owners richer yet again.

Many times I disagree with folks on the forums about how much of a roll the market actually plays in REI's fortunes. Less and less about supply and demand "invisible hand" and more and more about government reactions.

@Scott Trench dude is smart.

On the first go round with COVID most of us thought the market was going to have a nasty dive.  It didn't because the government stimulated the heck out of the economy.  In an election year I think it is 50/50 if not more that the government steps in and further distorts the markets.  Personally I am good with a crash even if means rents and my income drop.  I just don't want send my kids to school again with masks on and be guilted everyday for not wanting a vaccine until we have a little more evidence that the vaccine is better then just getting COVID which all the vaxxed seem to get anyway. 

"Instead of giving your kids everything you never had, teach them everything you wish you would have known."

-Bruce Lee

Plus nobody likes trust fund kids

 I manage in Bend and Central Oregon.  I put out another thread on this because Vacasa pissed me off so much.  But we have had clients move from Vacasa to us and Vacasa has canceled all there bookings but did not let the homeowner post their property on Airbnb or VRBO for 90-180 days.  Seems hardball for Central Oregon.  

Hit me up.  Can do a down payment or do you need 100% financing?

I see your point and as a practical matter you are probably correct.  SVB going down points out to what I think is a much bigger problem (not as practical) that our financial system is unsustainable.  Our system is more artificial and less market based than I think it has ever been.  Our economy is becoming less efficient and less productive.  These bailouts are just further proof that we never intend to right this ship.