Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Victor S.

Victor S. has started 14 posts and replied 1187 times.

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @Greg R.:

According to him, if it's not at least 30-50x, it's not worth his time. Which made me wonder - why is this guy still driving for Uber if he knows how to make 30-50x returns on his money. 

he was capital raising, duh...

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @Carlos Ptriawan:


Look dude there's no impact of layoff yet to employment, data in BLS showing we have new record of people going to work lol

not true. job "growth" that is happening is mainly driven by services, not the jobs that add productivity (no offense). 


Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @Carlos Ptriawan:
Quote from @Greg R.:

@Chris Clothier @John Carbone @Carlos Ptriawan @Bruce Woodruff @Jay Hinrichs

Yesterday Meta (Facebook) laid off +/- 11k employees. In a letter to the company, Zuck stated:

the problem with Meta is company specific, they entered new unproven sector in last two years THAT HAVE NOT GENERATED MONEY/CASH FLOWS while increasing their headcount massively in the last two years.

THere're two type of tech, new tech and old tech, I come from old tech that produces tangible good and high amount of cash flow, our company produced unexpected record backlog this year, this is the highest made in USA tech components, so how come there's such a discrepancy right ? because each company managing their asset and tech investment very differently. 

Facebook is making huge mistake when they enter VR/Metaverse area. That sector in my opinion is BS LOL. Who wants to buy house in metaverse LOL


 Old tech is laying off and/or freezing also. Oracle was one of the first. Virtually every single tech companies is doing this, just on various scale. I've read stories of tech bros using their RSUs and other equity to put down as collateral of their loans. Now, i don't know how widespread this really is, but something to ponder.

Post: STR appraised $120,000 less than offer

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
dang, so many people don't go past the OP... i hope y'all read your contracts better than this.

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
didn't see this one coming: https://seekingalpha.com/news/...

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045

"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @Michael Wooldridge:
Quote from @Victor S.:
Quote from @Michael Wooldridge:
Quote from @Victor S.:
Quote from @Michael Wooldridge:

So yes people are frustrated and yes they will continue to flop. I happen to believe the dems will hold more power in future years because of the frustration. And frankly given the shifts on the popular vote in recent years that trend should be obvious.

you have to be kidding. in what solar galaxy is that scenario a potential reality? i'm all ears.

 you are looking at just 2-4 year spans. I'm looking at something closer to 8-15 years. The timing has been good for GOP with economy for midterms. I don't believe it will be as red as it should be or that it will last. People are flipping because they are frustrated on economy. They will flip again. Not trying to turn this into a full political discussion but the PA senate race or Georgia Senate race are good examples. 

But sure my reality is wrong :). never mind I don't care who wins because it's all more of the same. 


at the rate those people are going, they might not even have a party in 8-15 years from now. you must not be aware of the "policies" and agendas that are getting peddled to make statements like the one above. good luck out there, Mike.

Hmm that was an impressive red wave last night. Exactly what was expected given the economic situation…… 😂
 

there's a little bit of fetterman in all of us, i've underestimated just how much more in some than the rest. i will remember this laughing/crying emoji of yours and will use every chance i have in the next two years to remind you of it. enjoy. 

Post: Gatlinburg STRs and the recession of 2022

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
again, have you seen credit card metrics from the actual CC companies? (everything is up double-digits) people are not slowing down and spending like nothing is happening, so it makes perfect sense why airbnbs, car sales, and other "stuff" has not rolled over yet. once people are losing their jobs, everything else will follow. most industries, not only tech, are slowing down if not freezing their hiring. apparently, they see something coming.

Post: Gatlinburg STRs and the recession of 2022

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @Carlos Ptriawan:

people actually get it wrong. we are strong because our fundamental economy is so great in such a way that the conservative way of thinking thinks it's not good. the inflation, the strong demand for traveling, the high price of flying is an indication of a very strong economy.

it's just people getting it wrong because some conservative ruler above the cloud out there thinks it's not good. but we are in economic expansion mode.

 big tech about to take a big dump. twitter laying off a ton, meta is about to give folks a bunch of pink slips. not really sure wth you're talking about there with you "conservative ruler" stuff there, Carlos. credit card balances are thru the roof (just look at CC earning calls). things only appear fine, but we're def headed for some kind of slow down, if not outright recession. i'll be glad to be proven wrong on this one.

Post: Housing crash deniers ???

Victor S.Posted
  • WorldWide
  • Posts 1,222
  • Votes 1,045
Quote from @James Hamling:

I am the forecaster of forecasters and not even I would dare a venture at projecting the future of either party. If I was forced, I would have to say I am much more pessimistic on survival of D's simply from the basis that they have history going against them, meaning the historical actions of that party and being in this tech-age, it's only a matter of time before such very ugly history comes into the forefront. It's hard for a party to sell itself as pro-minority when it founded the Klan, I mean come on right. Going all the way back to war of independence, D has stood against all things modern USA stands for, I am personally shocked this info has not already come to the forefront. 

The R has such history to fall back on as Abraham Lincoln and abolishment of slavery, that's a pretty big feather int he cap wouldn't one say. 

Although as i said, who knows, fact's and truths don't seem to play much of a central position anymore. 

What would be AMAZING is not just a strong viable 3rd party, but a 4th, 5th. The problem is the choice today, it's sh#t-sandwich or turd-burger, and that IS the popular vote position. If some viable alternatives arose, the most likely outcome is the death or near death decay of BOTH D & R party, right. 

Most people today don't vote for parties, they vote for results, hopes, solutions, what a person promises. There voting for the results they think that person/group will bring. It's not as it was decades back, people are very comfortable party jumping today, that is generations of gen-x and later, no loyalty to a party just on banner, no, people expect them to deliver. 

And let's be honest, most are not feeling D's are delivering today are they? Nothing is better, arguably everything is worse. It makes minds open to changing up decision process. 

Hey, how awesome would it be if there was NO parties, just people. That's it, just people who get elected on them, there word. And bills were done on it's merit not on the symbol carried by the one delivering it. 

Nothing good comes from a nation divided. 


 agree that both parties are in a crisis mode, tho i'd argue that the left is far more polarized than the right, as far as their mainstream ideology is concerned. more people within the dem party are becoming more and more off-center than their repub counterparts. the msm (and grandpa with his speeches lately) would want you to believe otherwise. too bad repubs don't really have a platform other than "look at these loons on the left." they had the congress, senate, and presidency in 2016. blew it bigly.  i am glad to see the old rhinos getting slowly flushed down the toilet lately, so there is hope. 

the dems do have an answer to your historical questioning (re:klan, etc) - "tHe PaRtIeS hAvE sHiFtEd IdEoLoGiEs!11!!" yeah, sure thing... 

James, you sounded just like John Lenon there at the end with the "imagine"-like lines lol We need to understand and realize just who was sawing this division. All you have to do is go back in time and observe every single msm outlet starting around late 2015.