Magic Macro @Magicmacro_

@realEstateTrent Sellers consistently take the higher offer independent of buyer reputation and then deal with the retrade. This makes the high offer and retrade one of the most effective strategies at the moment. Until sellers evaluate and enforce reputation standards on buyers it will continue

0 0 0 148 0

View Details

Magic Macro @Magicmacro_

a year ago

@cpettit815 Fixed mortgage rates would trend higher

1 0 1 30 0

View Details

Magic Macro @Magicmacro_

a year ago

@jmarteen @realEstateTrent Blockchain > Bitcoin said every boomer CTO in 2017-2020. At least they mostly realized they were wrong by 2025.

0 0 2 26 0

View Details

Magic Macro @Magicmacro_

a year ago

@realEstateTrent I read the thread. I don’t see much “anger”. I see some quality attempts to explain. I can appreciate a little engagement farming.

0 0 2 66 0

View Details

Magic Macro @Magicmacro_

a year ago

@realEstateTrent Earn Fiat, pay fiat bills, surplus to Bitcoin, rinse repeat. Short term we’d rather stack more for our fiat. Low leverage Long Term Owners of real estate act the same way. It’s the leverage that makes you need infinite appreciation to thrive. Low time preference v. High time pref

0 0 0 25 0

View Details

Magic Macro @Magicmacro_

a year ago

@MANonCompliant @MedGold_ Imagine this being the excuse they use when gold is missing and the public thinking yup that makes sense…. 20% loss to oxidation.

0 0 6 497 0

View Details

Magic Macro @Magicmacro_

a year ago

@youreallbonkers @MANonCompliant @MedGold_ I was writing something similar. It takes some extreme conditions for gold to oxidize. To think stuff like this gets reposted.

1 0 0 172 0

View Details

Magic Macro @Magicmacro_

a year ago

@profstonge The obvious problem is the current uses of the spending. It only benefits those closest to the spigot. And destroys the taxpayer.

0 0 0 9 0

View Details

Magic Macro @Magicmacro_

a year ago

@profstonge To me sending everyone checks for the same amount of money out of deficit spending is a neutral action and more beneficial % wise to low income households. (Good) However, I’d prefer to prioritize continuing to balance the govt. P+L and strengthen the balance sheet

1 0 0 17 0

View Details

Magic Macro @Magicmacro_

a year ago

@krassenstein The 60k that accepted 8 month severance have nothing better to do. List their house and protest while they wait.

0 0 0 10 0

View Details

Magic Macro @Magicmacro_

2 years ago

@TeddyWilla70706 @DougPolkVids In the 60’s everything qualified as an expense. Effective tax rates were lower than today even with the high nominal tax rate. I wouldn’t put much stock in that 90% top rate.

0 0 4 28 0

View Details

Magic Macro @Magicmacro_

2 years ago

@jasonjosephlee Words are hard…why wouldn’t I. And the leverage piece responds to a comment you made somewhere else on the thread not to my simple example

0 0 0 7 0

View Details

Magic Macro @Magicmacro_

2 years ago

@jasonjosephlee Why would I just buy 57 units in Kansas City for 625k and sell them for 5.13M? This is a sad attempt. Leverage works the same in KC as it does in SD.

1 0 0 17 0

View Details

Magic Macro @Magicmacro_

2 years ago

@VladTheInflator Imagine how poorly these homes would be marketed and shown. Sellers and Buyers together in the same room killing deals. Transactions and prices would decline. The average seller of residential real estate wouldn’t know where to begin. They also would realize marketing isn’t free

0 0 0 8 0

View Details

Magic Macro @Magicmacro_

2 years ago

@TravisBiziorek The elephant in the room here is the down payment. 10% down on 83k is 8,300. 3 months of work at median income. 10% down on 468k is $46,800. 8 months of work at median income. I’d argue that’s the barrier for most to home ownership.