All Forum Posts by: Victor S.
Victor S. has started 14 posts and replied 1188 times.
Post: Housing crash deniers ???
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Post: Housing crash deniers ???
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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.
Post: Housing crash deniers ???
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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 ???
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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
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Post: Housing crash deniers ???
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Post: Housing crash deniers ???
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"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."
Post: Housing crash deniers ???
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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 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…… 😂
Post: Gatlinburg STRs and the recession of 2022
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Post: Gatlinburg STRs and the recession of 2022
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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.