Actually made money on a bitcoin stock today. Had 15 December $10 call options on RIOT. Sold this morning for about a 50% profit.
Renters can rent an apartment or an SFR that has met the 25 year hold period. There are so many vacant apartments in DFW because they want $2000 per month on the cheap end. People don't want to rent, they want to buy but they can't because speculators from around the country or world scoop them up first.That isn't very fair at all. Renters are people too, as are people who don't have families. There are many reasons to prefer renting over owning - one is not inherently better than the other. In an ideal market, renting and owning would be fairly similar in cost, but for that to happen, we just need a lot more supply.
Water use for homes is not a substantial issue. People in homes use relatively little water relative to where water is used (ie, agriculture in the desert). Encourage good water saving equipment and xeroscaped landscaping and you can see further per capita reduction in water usage for non-agricultural water.
Or you know, don't grow water-intensive plants in desert environments.
If they are having problems filling the apartments at $2k/mo, they'll eventually have to adjust their pricing to attract tenants, or continue taking losses they can't "write off".Renters can rent an apartment or an SFR that has met the 25 year hold period. There are so many vacant apartments in DFW because they want $2000 per month on the cheap end.
Otherwise let families and individuals enjoy affordable housing. RE speculators need not apply. It's sad that I, a capitalist pig, has to defend people's right to affordable housing and right to home OWNERSHIP that others want to hog for themselves like billionaire Bezos. 😕
You should see the costs to buy a home at today's value with a mortgage, if you think today's renting rates are expensive:Even here apartment rental rates are pretty crazy now. I don't even see the point in renting when I pay $1,200/mo and actually have a house, with yard and live in an area where I can actually see the night sky. I could pay as low as $800 if I wanted to but I choose to put more money to pay it down faster.
Of course there is property taxes on top of that which is basically like paying rent, but at least I own the house and can do what I want to it, and not at the mercy of someone else if I need anything done. I would hate renting, it would feel like I'm just staying in a hotel or something, it's not even my own land or building.
The layoffs from earlier in the year must be helping out.I'm tempted to short Meta @ 312 before earnings. But they have been doing well so I won't. It's tempting though.
Are they still pouring billions into the metaverse?I'm tempted to short Meta @ 312 before earnings. But they have been doing well so I won't. It's tempting though.
I came across these on Fidelity today .. pretty straightforward to buy on the secondary market. What is the catch here? There are recently issued 10 year 6.3% federal farm bank bonds (callable) for sale for roughly face value.
I"ve read they are always called. I have one that is callable before the first coupon. So far it hasn't been called, but I expect it to be on the first coupon.
Are they still pouring billions into the metaverse?
Results released. Losing money with Reality Labs and will continue to lose money into 2024.Market looks unhappy. Short META? 🙁
My spidey sense was correct. I should have shorted at $315 yesterday. I could have covered at $300 today, then reshorted at $315 after META warned during the conference call that advertising revs may fall next quarter. Current price.....$289.Results released. Losing money with Reality Labs and will continue to lose money into 2024.
I love gold 👌Gold over $2k. Smoke 'em if ya got 'em. Once the paranoia dies down, we're probably not going to see prices like this for a while.
Wow, Tesla lost 145B in value? Just saw the headline. Even for them, that has to be a decent chunk of market cap.
edit - Elon might be spending too much time on X. But it's also the current market - less demand, higher costs, etc.