Gamecock-YT

I think it would be treated as a return of capital

If you can find a library that has access, just do a search for library cards for the location in question. Lots of places display card numbers as examples for what the cards look like.

As a thought exercise, what would we need to see for this to be a late inning housing bubble? I admit I'm not a housing expert, by any means. (Generation Rent, baby!) I would guess either an increase in supply that puts the stock of houses for sale back to a more 'normal' level. Or a decrease in demand. What could cause that? Higher interest rates? Suddenly ARMs (do people still do ARMs?) start re-setting at the higher rates. People can't afford the new payment? A cursory glance at /r/realestateinvesting/ has topics such as: I’m a student. Can I afford to buy property? Anywhere not experiencing housing boom? First year in review - 3 properties in Spokane, WA Happy to announce that I'm graduating from tenant to landlord. What mistakes did you guys make as a young investor on your first property? Buying a house hoping for appreciation (as I can't find cash flow deals) vs alternate investments ?

People that missed out on GME that want the 'next' thing

So the inevitable infighting begins. Bag holders starting to realize they are holdin’

~12%, which not bad considering I was -10% at mid-year. The inflation trade in the second half of the year kind of bailed me out. Started the year with 63% cash and ended it with roughly the same. Only made one new investment for the year (MO). I expected more fallout with the crash in March and never thought the Fed would pull out the bazooka to deal with things so was behind the curve with putting my war chest to work. A learning experience for sure, I'm being more proactive with whittling down my watchlist to just companies I want to make for 'the long term' and following those companies more closely so can pull the trigger next time there's a big decline in prices. Big winners: GLIBA/LBRDA, ATUSF, FRMO Big loser: STNG 2020: 12.0% 2019: 33.0% 2018: -15.5% 2017: 35.0% 2016: 17.3% Thanks everybody for their continued contributions to the forum. I learn something new every day, which is all anybody can ask for. I'm happy to put 2020 behind me as I'm sure many of you are as well. As someone with a high sense of wanderlust, being confined to home was difficult. Not to mention being stalked by a black bear while hiking by myself was a very unpleasant experience.

I am sorry to hear this as well. A loosing a close relative and particular a brother is a watershed moment. My thanks to all those who prevent more losses in lives this year @DocSnowball @Dalal.Holding and many others. Agreed. My condolences, John. I am very close to my younger brother so I can only imagine what you must be going through.

Happy New Year!

Titan Up

Merry Christmas!

The two happiest days in a boat owner's life: the day you buy the boat, and the day you sell the boat.

+1 I think your best values exist somewhere in between. Where is that place that's been low-priced for a while but maybe new infrastructure or new investment is driving green shoots of development? Maybe you'll be able to buy at a price where there is little to no upside built into the price but there is a reasonable argument that additional redevelopment hits your neighborhood in the next 5 years. I would also make another comparison to the stock market in that its not a housing market as much as it is a market of houses. Everyone has different motivations for selling their home/property so if you can identify a seller who prizes liquidity over the best price, you can get a deal. Maybe not at this exact moment in time with the way the market is, but in general things don't move so fast that you can't find people who need liquidity. I recently advised my friends to buy a house in a certain part of Charlotte where 2,000+ sq ft homes were selling for less than $250,000. The area recently had some new infrastructure (a transit rail) put in, there has been some early momentum in prices in the area, and you can see some evidence of people renovating or flipping homes. It also is an area that has historically been considered a bad part of town, and I wouldn't be surprised if you see suspicious characters walking the main roads sometimes and maybe the shopping in that immediate area isn't that great but you're 15 minutes from downtown Charlotte. My buddy instead chose to buy a $400,000 home that had been renovated somewhat in a part of town that is not that great in my opinion, is farther from downtown, but is closer to other areas that have recently developed. It's too early to tell who is "right" but I think many people are uncomfortable being uncomfortable. In real estate, your friends might joke around and call you a slumlord, and no one is going to look at the homes you buy and say "Wow" but these areas that are on the fringe of development have been very successful for me. What part of town are you talking about? Where the gold line extension is going in?

saves them the embarrassment of losing to a team that didn't practice this week. Titan Up!

Why do we think he lost so much money? Last SOTP for 9984 is $250B and he may have lost 0-$4B on this trade. If they issued a press release saying they made money or lost $2B Or $5B on this, why does it matter to SoftBank? I don’t think financial loss matters much but I do wonder if trading in this size could be considered market manipulation (buying a derivative so aggressively as to manipulate the underlying) Masoyoshi is nutty but I never understand press coverage of him incinerating money. It’s rarely contextualized by the huge liquidity and low leverage of 9984 which has only improved with all the asset sales. Also IIRC, the Saudi's investment is primarily in the form of preferred stock in the vision fund. Softbank has to burn through a lot of common NAV before Saudis are impaired. Didn't say he's lost it all, yet. But given the exposure of the vision fund to the tech industry if we get a pullback they're going to be experiencing some pain. Got a sneak peak during the covid crash, ($18B) loss in the Vision Fund. This looks like he's doubling down on the bet.....maybe it works out, maybe it doesn't. But that's some powerful people he's going to piss off if it blows up in his face.

you know the end is nigh for tech stocks if SoftBank is going crazy long into it. We're about a year or two away from Masayoshi being found dismembered in a Saudi embassy after losing so much money.

Vegas FTW.

isn't this supposed to be the purpose of using the punch card method that WB and CM mention? Limited bets until when the odds are in your favor and getting out your giant pie pan to get a large slice?

Airports always seems like you are going to beholden to bureaucracy.

Just have to hope inflation doesn't run hot.

great list, but when my wife texts/emails, it cant wait Too about the wife funny! I tell people to call me if it is urgent (and a true real emergency is extraordinarily rare). Deep work by Cal Newport was a great book for those that have not read it. What's a good book on sleep? To help you sleep better that is. Why we sleep https://www.cornerofberkshireandfairfax.ca/forum/books/why-we-sleep-matthew-walker/

For hard boiled eggs, nothing beats putting eggs in the Instant pot on steam for 4, 5,6, 7 minutes for different degrees of runny-ness I'm 14 minutes at 167 degrees for eggs on the sous vide.

Sous Vide everything. Plan in advance when you want to eat, toss the food in the pot, and check on it every so often. Wait a couple of hours for it to cook. Let it rest/give it an ice bath to stop the cooking process. For meat throw it on the a very hot grill/skillet for a minute each side. Chicken I usually broil 12 minutes in the oven. Probably 3-5 minutes of idle work for restaurant quality food. I toss some eggs in for boiled eggs in the morning, usually will put in a bag of chicken, salmon, or steak around 3pm. And I'm ready to eat around 6.

Wow 45% discount? That's insane! I'd love to do that! So if I just go to airbnb and put in a reservation of over 28 days, I'll get this discount? That sounds really good. I was initially thinking of buying a vacation home and then later convert it to an airbnb property while I am not there. No, it's not Airbnb that gives you the discount. It's all up to the hosts whether they want to give a discount or not. But generally most do and generally it's in the 15-20% range. The 45% discount that Gamecock is seeing is most likely something like 15% normal discount +30% COVID discount. So if I try to book something like 28 days, do I have to contact the host to negotiate the discount or does airbnb automatically applies the discount? It will apply it automatically. I've been scouting out doing some locations for digital nomadding myself and it's common throughout the world.

Airbnb will give you pretty nice discounts on monthly rentals (I think technically it is 28 days), that might be the ticket to allow you to scout out a few different locations to see if it's just an itch you want scratched or want to jump in deeper. I just did a sample scan for St. George, Utah for September with multiple places offering 45% discounts.

I used to be a big Civ 4 player, haven't picked it up since then. I know a few people that are playing and seem to enjoy it. I'm currently on a Football Manager 2020 binge, taking a club from the 4th tier of the German Regionalliga Bayern up to the Bundesliga. Nice way to kill some time while waiting for markets to get interesting again. Similar to Jurgis, I kind of had a similar 'lightbulb' go off in my head but mine was: instead of running a video game football team, I could make enough cash in the markets to buy a real team.