Message from @Freiheit - CA
Discord ID: 435838314130702357
@ThisIsChris Florida has very high net in-migration, favorable tax rates, great weather, and many jobs/companies are moving here
Rents have been sky rocketing in Orlando bc of all the PR migration
@Zyzz thanks for the explanation.
I'm conflicted a bit due to rising interest rates.
@Argument of Perigee at some point we will get a recession. At that time there will be no(or very few) buyers in the market and real estate will be relatively cheap. The fed will lower interest rates to help in the recovery. Just remember you can always refi with a lower rate. You can’t change what you paid for the house
With the said, the longer the boom runs the harder/deeper/more prolonged the “crash” typically is.
Look at the dotcom bubble versus the recession we had in 2001/2002
Most people didn’t even know we were in a recession in the early 2000’s but we were. Everyone knows about the dotcom bubble
I'm fully expecting bad things soon for sure.
I'm under contract for a property as we speak though. Good thing Colorado properties are immune.
CO has performed nicely. That’s for sure
Yea, last time I moved to CO just following the big recession I wanted to buy, but prices hadn't moved. 😢
Market crash Monday my dudes, you all ready?
The market usually responds favorably to war. Not that I am condoning the Syria strikes at all
@Zyzz yeah last night I found myself wishing the markets were open. Trading gives a kind of outlet for "oh I have a new piece of information what do I do with it now", because otherwise all I can do is complain about the strikes or ignore them.
@ThisIsChris it certainly does although it’s probable it’s already been priced in. I have been heavy in defense and aerospace bc trump and Israel and neocons and all that. It doesn’t take a genius to conclude the chance of war/increased military spending under this admin will hopen
Happen
@Zyzz definitely, I'm starting to see the wisdom in that
Trying to learn a bit about algorithmic trading: https://www.quantopian.com/tutorials/getting-started
Wish I had had the agency to buy SBUX when the news broke of them being /our coffee/
It can, but I think the recent boycott news is priced in now. These emotional libby things I expect a quick dip then return, which is what already happened (dip on Friday, and then climb back up on Monday, so I think that ship has sailed already)
Any reason to think the VA 30-year mortgage rate will move in the next 20 days? I'm floating the rate at the moment.
@Zyzz @SamanthaM ^^
@Argument of Perigee there is a fed meeting May 1-2. I don't think they are expected to hike rates but you never know
4/27 we have the 1st reading (out of 3) of 1Q18 GDP
negative news here would be in your favor
and then of course 1st fri of every month we have the unemployment reading
Always appreciate your input @Zyzz Thank you, Sir!
Rate hike on this much federal debt? Probably not.
They have been climbing...
@Argument of Perigee
Prediction: Long term rates will continue to rise.
Spring is the beginning of "home-buying season." This year loans are more expensive with less properties for sale nationwide.
There has also been an increase in govt interest in the wake of the Trump tax cuts. Although it won't be a dramatic increase, by any stretch of the imagination.
Ugh god the (((Black-Scholes))) formula is going to be the death of me this semester
Oh come on, basic economics
jk
That stuff hurts my head
I can't stand when #'s get too theoretical.
@ophiuchus what class is that? I actually know a little bit about that
Actuary hell
I’m retarded, so 1 sec