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#4036 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $-535936
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Posts: 84,153
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#4037 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $-160000
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It's probably nothing big considering that would figure out to a few hundred mortgages but could be suggestive of a bigger problem beside Beervirus
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Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 45,207
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#4038 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Discuss,
I’m enjoying your posts in here lately. Thank you. Honestly learning quite a bit. |
Posts: 46,300
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#4039 |
Plays to win the game!
Join Date: Mar 2005
Location: Lees Summit
Casino cash: $6513101
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We will be living for the next likely 7 years, after that our daughter will be out of high school and we can move wherever makes sense at that time.
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Posts: 7,820
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#4040 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Posts: 59,929
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#4041 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
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Posts: 59,929
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#4042 |
MVP
Join Date: Oct 2017
Casino cash: $-69600
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What is the opinion here on buying or building in a hot (sellers) market. Renting now and planning on staying long term. We were looking at building before all this, and new builds in our market were going up 4k every 2 weeks.
What are your thoughts on what this will do to the market. I know it's a complicated question. If it helps, my job is quite secure. |
Posts: 7,388
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#4043 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
If it were me I’d need to be fairly confident it found a bottom before I did much. |
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Posts: 59,929
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#4044 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
Casino cash: $-1219585
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Quote:
This action has been reasonably well-telegraphed in financial markets over the last few days. The Fed only has approval to buy securities issued by the federal government or the GSEs (“agencies”). Agency mortgage-backed securities (MBS) have dramatically underperformed recently. The Fed gets meaningfully more bang for its buck by buying MBS than Treasuries, so it makes a lot of sense that they would include them in this program. I don’t want to get too wonky, but markets have been so broken recently. Easily more than I’ve seen at any point recently and the speed of deterioration was worse than 2008. There are some very basic things in markets that aren’t functioning properly - namely something called Treasury/futures basis trades. If those are so disjointed - and those are truly risk-free trades if you can hold them for a few months - then no other risky asset on the planet will ever end up trading well. So the Fed needs to fix those and that’s what they’re doing. This doesn’t solve the situation we’re in as there’s no silver bullet. But the Fed is doing what it can and that counts for something. Though it’ll be overwhelmed by the storm that’s still coming. I think we’re in the middle of the 4th inning right now. But valuations in the equity market (vs 0% rates) are starting to become more long-term interesting. |
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Posts: 13,267
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#4045 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1871532
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Yes, plz. It'll be a good time to pick up stocks beaten down by everything dropping over the next few months. was looking at ROST v TJX a bit ago. LULU and ULTA might be decent retail adds long term?
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Posts: 7,043
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#4046 | |
MVP
Join Date: Oct 2017
Casino cash: $-69600
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Quote:
I'm doing a 0% down loan. My hesitation in waiting is the way the market is moving. The house we are renting has gone up 120k in 3 years. |
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Posts: 7,388
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#4047 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
If you do a $0 down loan and your house loses $5,000 of value in 3 months that is how foreclosures happen. That’s what happened in 2008 |
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Posts: 59,929
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#4048 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#4049 |
MVP
Join Date: Oct 2017
Casino cash: $-69600
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Posts: 7,388
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#4050 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-452449
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Quote:
I find it interesting that people have such different preferences on homes, by the way. I live in a 100+ year old house, and my wife and I love it. It's got nice features and there are no surprises since it's survived for 100+ years. But I know other people who strongly prefer new construction and wouldn't even consider a house like ours.
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Active fan of the greatest team in NFL history. Last edited by Rain Man; 03-15-2020 at 09:08 PM.. |
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Posts: 145,245
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