MyNameIsFred

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  • 16 Comments
Joined 1 year ago
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Cake day: June 8th, 2023

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  • I know this thread is a tad old but I’ve been considering a framework for the family laptop for a while. Problem is stocking and this recent 16 model run also had 13 orders run too. I won’t pay for a unit months in advance. It ruins certain protections from the merchant (like failure to deliver).

    Instead I got a thinkpad t480 for like 400 bucks. It will do fine as a laptop mostly used for chrome, paying bills or zoom calls etc.





  • Also flipping houses often covers up major issues with “lipstick”, eventually i think this will make them less desirable to buyers, because if they see a house only owned for 6mo-2 years it may indicate some VERY janky bones were ignored to stick granite and hardwood in etc.

    Prior to 2008, it was RARE to make any money on a house owned under less than 5 years. If you broke even you were REALLY lucky.

    Its a terrible article and a terrible hottake. If hes 31 now, he was likely 16 when the first bubble popped. This is a sign of youthful ignorance imho.


  • The housing market, especially in Florida and ESPECIALLY in south florida is a giant bubble right now.

    This has happened before. The early 2000’s saw a similar bubble that finally popped ~2008. In the early 2000’s I saw a ton of people ditching their careers to get their Real Estate license. Didnt pan out well for them and its not gonna pan out for this guy.

    This bubble is a bit different in that its not so much fueled by mortgage backed securities and pushes to get people on variable rate mortgages to they can be pumped and dumped into credit default swaps. This one is much more, at least in florida, tied to folks trying to escape regulations and lockdown from COVID up north and coming down to florida where properties are historically cheaper per sq ft and acre and buying up real estate in cash. But still, its going to pop. Many locals cant afford to buy now, or even rent in some cases as many arent even buying a primary residence here just vacation/airbnb homes. But its still a bubble that will see some major regressions. Especially if the urban sprawl problem gets taken head on (which I dont see happening anytime soon givent he current political climate).








  • I agree with most of what you said. I would say classifying SVB as a seizure is probably not accurate. The FDIC only came in when it was clear SVB was going to fold and in fact insured far more than the 250k per account guaranteed. Mainly to try and stem a run on midsize banks because

    1. Many companies had large holdings, undiversified in these banks

    2. The banks were borderline negligent with how they handled those deposits, sticking them all in “safe” government bonds that ruins liquidity.

    Once the interest rate on the bonds was lower than the base borrowing rate, no one would buy the bonds instead of just buying new bonds with a much higher guaranteed return.

    So, given that, I would say the FDIC instead bailed out the banks. Something they would never do for you or I, or even a business with similar valuation as any of the banks customers.