Pi Day Morning

kobesgame said:
You use Hello Fresh? Weren't you the "fresh meat every day" guy?
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He doesn't like his meat marinating in a pool of it's own blood.
 
The final holes of the Players Championship are getting interesting
 
RobBase (c) said:
Did Bucks have Hello Fresh too? He seemed more like a McDonald’s guy.
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I thought he did at one point but once again I screwed up and it was you I was thinking of and not him
 
ill said:
The finally holes of the Players Championship are getting interesting
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Casey got screwed with where his drive ended up. What are the chances that ball goes right into that divot?

Keegan just went into the water on his second shot on 18. Not sure what he was trying to do from that lie
 
redseat said:
I thought he did at one point but once again I screwed up and it was you I was thinking of and not him
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Got me confused w the pussy whipped Ohio State fan, huh?

A487DF95-3022-481F-AE5D-4A5448CBFEFC.gif
 
RobBase (c) said:
Got me confused w the pussy whipped Ohio State fan, huh?

View attachment 64734
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Stephen Colbert Idk GIF by The Late Show With Stephen Colbert
 
redseat said:
Casey got screwed with where his drive ended up. What are the chances that ball goes right into that divot?

Keegan just went into the water on his second shot on 18. Not sure what he was trying to do from that lie
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Not even a divot, a ball mark from where someone else's drive landed. That sucks, for sure
 
ill said:
Not even a divot, a ball mark from where someone else's drive landed. That sucks, for sure
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Yeah... Royally screwed and then his 3rd attempt was terrible and now he can't get relief from the sprinkler head...
 
RobBase (c) said:
So what could cause a bubble would be if everybody in your position ran out, took cash out loans to pay off debt, add new debt (cash out to buy a boat, car) etc…housing market either stays put or even decreases slightly. Next time they go to do that next debt consolidation loan (because they’ve added all new debt by now) they can’t because they either don’t have enough equity or are straight upside down now.

Then they have to file BK and foreclose. Then home prices fall as banks unload the foreclosures etc etc

It’s possible, but I don’t think it can get anywhere close to the way it was back in the day.
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what effect do you think all these institutional buyer (Zillow, offer pad, open door, etc) will have on the market. IMO prices increased when these entities entered the marketplace and bought up homes basically sight unseen, fixed them up a bit and sold them at a higher price. IMO this is why prices increased so rapidly. They are clearly sitting on some back inventory. That model works as long as housing goes up and they get an ROI. Once it slows down (or slides backwards) it will be interesting to see what happens.

what do you think?
 
Double Bogey for Keegan Bradley on 18... Water shot on 2nd. Now Casey not making birdie and Smith making a great lag put it is Smith's to lose
 
how about that shot on 17th by Cameron Smith huh @ill

He clearly didn't mean to do that by his reaction but wow
 
ill said:
Smith might have won it with that tee shot right there on 17
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He did.. Unless Lahari does something incredible
 
Smith's beautiful tee shot on 17 might have won him the tournament
 
dbldwn711 said:
what effect do you think all these institutional buyer (Zillow, offer pad, open door, etc) will have on the market. IMO prices increased when these entities entered the marketplace and bought up homes basically sight unseen, fixed them up a bit and sold them at a higher price. IMO this is why prices increased so rapidly. They are clearly sitting on some back inventory. That model works as long as housing goes up and they get an ROI. Once it slows down (or slides backwards) it will be interesting to see what happens.

what do you think?
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Its funny. In the past, when homes foreclosed and the bank sells a home for cheap, all the homes around it suffer tremendously.

But when a cash buyer comes in and pays over asking - bidding wars - it rarely moved the needle. There just wasn’t enough of that going on to make a difference. But the corporations buying up residential properties is changing that.

You have to remember the economy was super strong before covid. A lot of the property values we see increasing now are also due to a mass flood of people selling and upgrading over the last 3 years.

Where will it go? These corporations aren’t like banks. 500k homes won’t all of a sudden get dumped for half the cost. They’ll make their money now flipping homes, renting homes, and sell off the rest at market value. My guess is they did this to take advantage of the current 20 something’s soon to be 30, taking that next stage in life where they’ll be forced to rent homes they can’t afford. That’s the big thing w them. Work as little as possible. Own nothing. Rent everything. Little long term responsibility.

I don’t think it will trickle down to the rest of us.
 
RobBase (c) said:
Its funny. In the past, when homes foreclosed and the bank sells a home for cheap, all the homes around it suffer tremendously.

But when a cash buyer comes in and pays over asking - bidding wars - it rarely moved the needle. There just wasn’t enough of that going on to make a difference. But the corporations buying up residential properties is changing that.

You have to remember the economy was super strong before covid. A lot of the property values we see increasing now are also due to a mass flood of people selling and upgrading over the last 3 years.

Where will it go? These corporations aren’t like banks. 500k homes won’t all of a sudden get dumped for half the cost. They’ll make their money now flipping homes, renting homes, and sell off the rest at market value. My guess is they did this to take advantage of the current 20 something’s soon to be 30, taking that next stage in life where they’ll be forced to rent homes they can’t afford. That’s the big thing w them. Work as little as possible. Own nothing. Rent everything. Little long term responsibility.

I don’t think it will trickle down to the rest of us.
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good thoughts. I agree… these are well healed companies. They aren’t gonna dump them at a loss. I just wonder if the housing market slows so will their appetite to buy and flip. It can’t keep going up at this rate. Something’s gotta give. When it does I wonder what happens.
 
dbldwn711 said:
good thoughts. I agree… these are well healed companies. They aren’t gonna dump them at a loss. I just wonder if the housing market slows so will their appetite to buy and flip. It can’t keep going up at this rate. Something’s gotta give. When it does I wonder what happens.
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I don’t know the exact details but they are taking advantage of some tax loop (legally) doing this. Chatter is when and if these corps begin being taxed properly/differently it won’t be nearly as lucrative for them. They’ll then prob move on to the next thing.
 
RobBase (c) said:
I don’t know the exact details but they are taking advantage of some tax loop (legally) doing this. Chatter is when and if these corps begin being taxed properly/differently it won’t be nearly as lucrative for them. They’ll then prob move on to the next thing.
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hadn’t heard that! I’ll try and find something online about it!
 
dbldwn711 said:
hadn’t heard that! I’ll try and find something online about it!
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It’s like anything else. These corps found a loophole and exposed it. Should corps be able to come in and buy 30k homes a year and get filthy rich doing it? If enough people get rich w them, then sure.

So look for new tax laws to be drawn up for them. Like anything else, Uncle Sam needs his cut.

That’s the chatter at least. Not sure if it’s wishful thinking or something actually in the works.
 
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