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mttddd

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Everything posted by mttddd

  1. 1. DC functions pretty similar to NYC in that regard, there are neighborhoods that are very popular with new grads. Also while DC doesnt have many finance jobs there are a ton of consultants and lawyers. Similar to NYC it isnt uncommon for new grads to live in an apartment that has been converted to add an additional bedroom (or has a sunroom/den used as a bedroom), generally you get a bit more space than you do in NYC but in my experience prices arent wildly different you just get a bit more. Unlike NYC the areas outside of DC tend to be nicer (e.g., Arlington, Bethesda, Alexandria) but the key driver of prices in DC is metro access and which line you are on (red, orange, blue > green). Your uber story is also the exact same with DC, pre uber getting a cab back to VA/MD was a pain in the ass, now it might take me only a few minutes longer to get to a bar in DC as some of my friends who live in the city. 2. We obviously have the height restrictions but on the whole it seems DC has been relatively developer friendly, the big drivers in recent years have been Navy Yard and the Wharf. People have also made a ton of money buying your typical row home, renovating it and turning it into condos. VA/MD have also seen quite a bit of development on the metro lines, the silver line being the most obvious example. 3. The wharf seems popular but is too commercial for my taste. Not sure either are really considered cool? they are both a bit out of the way from the "cool" areas but Navy Yard in particular seems to be changing as places like Dacha pop up but I only find myself out there after a baseball/soccer game. 4) Logan circle is very popular with young people that have money, the U street corridor is also very popular. At least in my social circle the nicer parts of north east have been popular for starter homes, or moving to Virginia (we + several of our friends landed in alexandria). Once you are looking at putting your kids into school I think the general consensus is you are looking at outside of DC or private school (although iv heard some of DCs schools are getting better?). 5) All the Virginia schools are big feeders, anecdotally UVA grads tend to live in the city with VT/JMU grads landing in arlington. (VT/JMU also seem to have a larger % of grads end up here vs UVA which tends to see people disperse a bit wider). GMU, GWU, and Georgetown are also well represented. But you also get a ton of folks from all over the country coming here to go into politics/non profits/law etc. 6) North of colombia heights and northeast can be a bit sketchy but in general the more north and/or east you go the worse it is and anything on the other side of the anacostia river is a no go. Gentrification is changing it a bit but DC is a pretty typical railroad tracks city, west of union stations is nicer than east. Obviously these are generalizations but on the whole iv never had any issues (but also a privileged white male)
  2. I’d say the investment trusts, you can argue about the price of bitcoin and whether it’s a bubble but the premium you end up paying is steep. So I see it as a way to short bitcoin and the added possibilitiy that bitcoin could stay flat and the price of the trust could go down
  3. I think parts of the market are overpriced and others under but as a whole I dont see any one part in a full on bubble. I think tech is expensive but at the same time some of these new IPOs (Snap, Blue Apron etc) are generally falling flat. Whether you think it is a bubble or not one thing I look for and i dont see yet is a catalyst as for why it would collapse. Assuming all else chugs along as is (ie people dont go crazy buying luxury condos on arms) I think the next crash will be triggered by something outside of the US. Maybe it will be housing markets outside of the US (Canada Australia etc) or some political upheaval in China.
  4. I did buy some bitcoin in the 1800s but I am accumulating some powder for closer to or after august first. I am hesitant to put much more in until I get a better sense of how Segwit is going to play out, I personally see that as the cause of a lot of the current volatility
  5. Indeed, Iv been having good success trading though
  6. Yep lightning and other things like it are in my opinion the eventual solution to concerns about block chain size and transaction speeds. You would still move large sums through the normal block chain since you want that added security but micro transactions that dont need that same security (buying a soda or gas for your car) will require something like lightning to get the transaction speeds and transaction fees down.
  7. Agreed, there is no telling if this will play out, i personally think blockchain is here to stay but it wouldnt shock me if none of the current players exist in a few years
  8. https://www.factom.com/ Check out Factom, they've got some solid support too, Gates foundation and a few others
  9. Agreed sets a dangerous precedent but they may also know more than we do. If the flash crash was due to issues with their exchange this may be a way of avoiding litigation (I'm assuming there are some strings with the bailout)
  10. I hadn't realized people were using margin either, this stuff is volatile and risky enough I can't imagine using margin in any large capacity. I guess maybe while you wait for the block chains to confirm but it's not like you have to worry about a three day settlement period
  11. 10k would be nice ha, my guess is 50% upside in the weeks following if all goes well. If things go south I could see things tanking 50% in hours. Thinking I'd rather buy in 20% higher and avoid the downside risk. But as with all things crypto who knows
  12. Ya my concern is that it will be too divisive and in the end lead to a nasty split hammering the value. I'm debating closing out my positions in advance and buy back in after. To me at least it seems like the downside risk is greater than the upside.
  13. At some point this is all going to go mainstream, if people think its a bubble now just wait until the masses start speculating. Anyone have any thoughts on SegWit?
  14. I'm also in the legal space and maybe a year ago did the analysis to see where to setup a new center for our contract attorneys. We settled on Dallas which is more expensive than Detroit (we already had the real estate we need in Dallas) but still a lot cheaper than the major coastal cities. Iv also seen this on the IT side of things with companies off shoring to places like Georgia or Tennessee.
  15. ya at this point i view it as complete speculation, i know some folks making good money off of that but there is no real downside protection. Also at least on the bitcoin side of things China dominates the mining capacity which adds a whole geopolitical risk to it, sort of defeating the purpose of it all.
  16. before all the automated scalpers i used to love buying tickets for big shows and flipping them. If you only do it with the truly big acts its pretty fool proof. A lot harder to compete with the computers...
  17. Me too. Liquidated 10% last week to hold ~25% cash. Used about 2% of that buy more FNMAJ after Mnuchin's confirmation. Getting antsy to begin liquidating more. closed out all of my BAC position this week. My next biggest US based position is MKL, I really like their management and its been one of my top performers over the years but damned if its not priced high right now. At 20% cash at the moment but also down to 30% US exposure with most of that being MKL. That said i am considering jumping into Fannie
  18. Ha I love it, also a big fan of their games. Might look into it further myself
  19. I havent done the math in detail for myself but at a basic level the argument for which one to go with is based on your current tax rate vs what you anticipate your retirment tax rate will be. I think it varies alot person to person but personally I am confident that my retirement income will have me in a much higher tax bracket than i am in now so i would rather pay the lower taxes now than later. In a few years I probably should dig into the numbers a bit more as that may have changed. Also I think it depends on if getting the tax break from a traditional IRA helps your situation out.
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