Every 10-15 years a train leaves to take the bold to the promised land. If you don't hop in now you're going to miss out.
Real-estate, crypto, tesla... it's a gold mine out here but you want to just sit around cause you think "it's going to crash anytime now". You want to sit around because "its not fundamental". You want to sit around because "I'm traditional".
Welp, maybe you'll learn when the next big thing comes out 10-15 years from now.
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05-05-2021, 12:00 PM #1
LOL @ people waiting for the "market crash"
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05-05-2021, 12:02 PM #2
Not sure about the stock market but the housing crash back in 2009 wiped out many developers. Very of them re-entered the game.
Remember if you're a capitalist in 2021 and looking for a new industry: do you go into home renovation (with risk of being wiped out like 2009) or do you gamble your money on crypto or the stock market? lol
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05-05-2021, 12:02 PM #3
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05-05-2021, 12:09 PM #4
Online Sports Betting, Esports and online casino gambling sector has just begun. Soon you will be able to make live bets on almost everything you can imagine. Will XYZ kicker make this FG, Will this next pitch be a strike, etc. Massive sector worldwide. Canada is close to legalizing it nationally, the US is slowing opening up, roughly half the states have approved sports gambling. Still a little ways away from all the legalities and licenses but its ground floor right now as I see it.
Something to keep an eye on.
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05-05-2021, 12:15 PM #5
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05-05-2021, 12:18 PM #6
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05-05-2021, 12:19 PM #7
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05-05-2021, 12:28 PM #8
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05-05-2021, 01:05 PM #9
- Join Date: Jul 2012
- Location: Kansas City, Missouri, United States
- Age: 30
- Posts: 9,332
- Rep Power: 83707
Out of curiosity, what are the statistics to back this argument (like xx% of homes are currently in forbearance if not for the CARES act)?
Like how many people actually can't pay their mortgage or refinance their house with how much appreciation everyone has received the past year or two? Even if you were jobless, you should be able to pay off your mortgage fairly easily
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05-05-2021, 01:07 PM #10
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05-05-2021, 01:09 PM #11
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05-05-2021, 01:22 PM #12
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05-05-2021, 01:24 PM #13
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05-05-2021, 01:26 PM #14
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05-05-2021, 01:37 PM #15
Fact is those who have made money on this RE bubble are the ones selling, or bought years ago and refinancing or just sitting. If you are on the sidelines right now is NOT the time to get in and buy. You will be absolutely 100% ethered. I was able to sell 2 rental properties I bought a while back for 350% ROI, but realize got more lucky than good.
As for TSLA. You can only ignore fundamentals for so long. It is trading at absurd multiples, and all the big players are stepping their EV game up. For TSLA to justify its valuation it needs to be both a mass produced product AND a luxury item for margin. Highly unlikely but doable (see Apple). That said, Volkswagen, Ford, BMW all have great EVs out right now. The time to get into TSLA, like Real Estate, has passed.
Lastly Cryptos no one knows. Pure speculation, but if you are buying any alt coin (DOGE or whatever) you need to know you are basically jumping into pump and dump schemes on worthless products. The bottom on these eventually WILL fall out, VERY similar to .com boom of the 90s with worthless domains. That said you can make big money, just be in on it. Dont follow the trends or drink the kool aid because you will get your azz handed to you in the next few months. A LOT of dumb money in Cryptos but institutional money is still largely on the sidelines, so a lot of growth
Those boats by and large are missed. But you can still get in on MJ stocks for very cheap - that is going to boom in the next decade
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05-05-2021, 01:40 PM #16
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05-05-2021, 01:41 PM #17
In 20 years do you think the market will be lower then it is today?
https://ofdollarsanddata.com/even-go...ost-averaging/
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05-05-2021, 01:46 PM #18
True but they’re now giving loans out to people putting 2-3% down on homes that shot up in value by sometimes by 200% over the last couple years, house poor by a different measure, but the reality is many of them can’t afford what they’re getting into and if they didn’t lock down rates going from 2.5% to 4.5% or higher will fuk them
Either way, I can’t say what’ll happen, but bottom line is us plebs get fuked either way lmaoCoincel
Florida crew (lol at coldcels)
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05-05-2021, 01:47 PM #19
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05-05-2021, 01:51 PM #20
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05-05-2021, 01:53 PM #21
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05-05-2021, 02:01 PM #22
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