fareastwarriors

Peter Thiel Gamed Silicon Valley, Donald Trump, and Democracy to Make Billions, Tax-Free In an exclusive excerpt from The Contrarian, a new biography, the disruption-preaching power broker is revealed as just another rich guy desperate to keep his fortune from the IRS. https://www.bloomberg.com/news/features/2021-09-15/peter-thiel-gamed-silicon-valley-tech-trump-taxes-and-politics?srnd=premium

Remember seeing so many articles on "ghost cities" years ago and how China RE was going to bust. https://www.bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up China’s Ghost Cities Are Finally Stirring to Life After Years of Empty Streets Vast new urban districts that stood vacant are gaining residents and businesses.

Picked up some more FRPH at 55.05

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The Rapid Increase in Rents What is happening? Why? And what will happen. https://calculatedrisk.substack.com/p/the-rapid-increase-in-rents

What's going on in Canada?

Natty Light? You're a man of the people! Takes me back to my college days.

fire ball shots? That's a fuking rager!

In addition to older folks not working for health reasons, many teenagers and young adults no longer work jobs. This has been the trend even pre-pandemic. If you're parents with some means, do you really want your kids out there making minimum wage right now? Some won't mind sure but I bet majority do. I don't have the data so maybe it's my own bs.

I hope he will use some time to find a better job. Fast food is shit and has always been shit. I never understood why people bother with it. If you can speak okay English and don't mind hard work, it always pay more to be a server at any old place. The food industry is always hard work for low pay with no benefits (for most places). It's especially bad in the back of the house (cooks/dishwashers/preps). My dad worked as a cook all his life and I did too for some years. Pre-covid, I made $19 an hour as a cook in the SF Bay Area with no benefits. I worked 10-12 hour days. That's crazy low but especially bad since I'm in the Bay Area. I hope many of my peers will never come back to this shit show of an industry. Please do something else. Go make More or at least similar pay, work not as hard, work less hours, and have benefits elsewhere please. Go work for USPS/ FedEx/ Target/ etc than this terrible industry. If you want to make real money then go work a construction trade. We have a shortage of construction workers/contractor types of a decade+ now... Okay, I'll chill now

the @Gregmal etf ?

Added to jbgs at 29.5

Bullish for the" paid and laid index?" https://nypost.com/2021/09/10/investment-bank-moelis-says-junior-pay-is-likely-to-keep-rising-across-the-industry/ Investment bank Moelis says junior pay is likely to keep rising across the industry

I lived there and still have many relatives there. When the winds change, you change.

added to PCYO in the high 13s

The SEC has told us it wants to sue us over Lend. We don’t know why. https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009

I think we are still very innings of battery tech. With all this money and attention on the issue, innovation will come through to drive down cost and increase capacity. It will be a bumpy road ahead but we will see substantial improvements.

What about the land? Some land can be used to build apartments if it's in a suburb or close to it, some can be used for agriculture, and some has no real use. A solar farm might generate return versus the alternative of 0.

lol... Dub P White Plains let's gooooooo

@hasilp89 did you make a decision?

Tax gap. We can't even collect what is owed with current rates and rules.

Using a HELOC or personal line of credit, I can understand but trying to re-qualify for a mortgage at another time is all kind of hassle and potential risk...

Even "safe" stocks can be down 10,20,30...40% in a short period of time. Do you really want to risk that much principal when the cash is actually needed? Can you just use portfolio margin for that amount? I'm not sure where're you domiciled and the margin rates/requirements, but I can tell you my experience here in the U.S. I don't bother "saving" cash for big items. I just maximize my account and when I need a quick loan, I tap the account for it. If you're borrowing a small amount relative to your total portfolio, the risk is fairly minimal even if the stock market crashes... I use Interactive Brokers.

A Little more...

added a bit to WFC after the news