New To Investing Thread

[KITNfury]

I’m not sure why home owners have such a hard on for increasing home prices.  Unless you plan on retiring to a lower cost area or own income properties I’m not really sure you’re benefiting much.

Everyone wants more money, this isn't exactly a brain buster

As a whole a lot of people are misinformed about the benefit.  If you paid 250k for a coastal home in socal 30 yrs ago and sell it for 3-4 million now and move somewhere cheaper then sure, you did great.  That’s not the case for like 99% of people.   You need to have lived in a market that outperformed the overall market (like the bay, coastal socal, Manhattan, ski towns, vacation areas, etc.)

People also like the idea of maintaining intergenerational wealth inequality and social structure

. People don't give a crap about maintaining wealth inequality, but they care a lot about maintaining their wealth.

Well you kind of just proved his point haha

I'm either misunderstanding him or you then. I took his comment to mean people are interested in staying wealthy at the expense of people less fortunate. I think people simply want to maintain their wealth and are mostly complacent about others people's wealth or lack thereof.

Home owners might not care if poor people have easier access to home ownership but they will absolutely shut any measure to expand it if it impacts their own property values.

And yeah, I think a lot of people like knowing there is a class lower than them whether or not they want to admit it.

Of course people don't typically want to be forced to take a negative hit to their net worth so other people can own a home easier. That's not the same as regularly and actively trying to keep people down, it's just defending what is yours first and foremost. Basically financial NIMBY

Might be different intentions but the results are the same

Wealth inequality is always going to be a thing. Bezos is a better businessman than I am, we weren't created equal. It is what it is. Can't fight that, just do what you can do to improve your situation.

[sys]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

i have no claim to expertise, but i'd sell it the next time land prices go wild.

[kim carnes]

No worries.  A 30 hr work week, paid vacation, paid paternity leave, universal income, and more regulations should get the supply shortage fixed here soon.

none of those things, unless you're including zoning and permitting under regulations, has anything to do with the lack/price of housing in california

No crap. Mich thinks all of the problems in this country/world are easily cured through socialism.

No matter what, someone needs to build a shitload of housing all over California

I agree but it’s never going to happen.  Even if construction became far more aggressive it would take like an entire generation to fix the problem.  Also problematic is that lower prices would assuredly attract even more people.

[michigancat]

Wealth inequality is always going to be a thing. Bezos is a better businessman than I am, we weren't created equal. It is what it is. Can't fight that, just do what you can do to improve your situation.

I mean we have policies that maintain wealth inequality. We can change those policies

[wetwillie]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

[michigancat]

No worries.  A 30 hr work week, paid vacation, paid paternity leave, universal income, and more regulations should get the supply shortage fixed here soon.

none of those things, unless you're including zoning and permitting under regulations, has anything to do with the lack/price of housing in california

No crap. Mich thinks all of the problems in this country/world are easily cured through socialism.

No matter what, someone needs to build a shitload of housing all over California

I agree but it’s never going to happen.  Even if construction became far more aggressive it would take like an entire generation to fix the problem.  Also problematic is that lower prices would assuredly attract even more people.

I think meaningful impact would take federal intervention and I agree it will never happen

[Phil Titola]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

i have no claim to expertise, but i'd sell it the next time land prices go wild.

This was my idea. Thanks for the confirmation.

[KITNfury]

Wealth inequality is always going to be a thing. Bezos is a better businessman than I am, we weren't created equal. It is what it is. Can't fight that, just do what you can do to improve your situation.

I mean we have policies that maintain wealth inequality. We can change those policies

You would need to expand here for me to have a chance at responding somewhat intelligently, but probably too far off course for this thread.

[michigancat]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

And don't forget to charge wetwillie a handsome sum for the privelige

[Phil Titola]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

What is my ROA on that? Seems like a dead investment that I'd rather turn into cash for other uses.

[wetwillie]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

And don't forget to charge wetwillie a handsome sum for the privelige

Don’t you go all capitalist on me now Rusty!

[wetwillie]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

What is my ROA on that? Seems like a dead investment that I'd rather turn into cash for other uses.

You should not do that, you should sell it to a farmer immediately.  What county is it?  Depending on where it is and the potential of the property you could also sell it as a hunting property.

[michigancat]

Wealth inequality is always going to be a thing. Bezos is a better businessman than I am, we weren't created equal. It is what it is. Can't fight that, just do what you can do to improve your situation.

I mean we have policies that maintain wealth inequality. We can change those policies

You would need to expand here for me to have a chance at responding somewhat intelligently, but probably too far off course for this thread.

We were just discussing how the government provides free money to home owners and excludes our poorest citizens. Not explicitly, but in execution

[michigancat]

Also kitn, Bezos is no better than you

[Kat Kid]

I’m not sure why home owners have such a hard on for increasing home prices.  Unless you plan on retiring to a lower cost area or own income properties I’m not really sure you’re benefiting much.

Everyone wants more money, this isn't exactly a brain buster

people love HELOCs

[KITNfury]

Also kitn, Bezos is no better than you

He's a better business man than I am. Otherwise I'm real squandering my potential lol

[Phil Titola]

What do you investing pros do with kansas farmland you acquire via inheritance that you have no desire to have?

You enroll it in the CRP program, collect the annual payment, and give wetwillie permission to hunt it.

What is my ROA on that? Seems like a dead investment that I'd rather turn into cash for other uses.

You should not do that, you should sell it to a farmer immediately.  What county is it?  Depending on where it is and the potential of the property you could also sell it as a hunting property.

Cool. That was the plan but didn't want to miss an opportunity I wasn't aware

[Phil Titola]

I’m not sure why home owners have such a hard on for increasing home prices.  Unless you plan on retiring to a lower cost area or own income properties I’m not really sure you’re benefiting much.

Everyone wants more money, this isn't exactly a brain buster

people love HELOCs

Everyone should have a HELOC open but not used for emergency cash even with an emergency nest egg.

[KITNfury]

I’m not sure why home owners have such a hard on for increasing home prices.  Unless you plan on retiring to a lower cost area or own income properties I’m not really sure you’re benefiting much.

Everyone wants more money, this isn't exactly a brain buster

people love HELOCs

Everyone should have a HELOC open but not used for emergency cash even with an emergency nest egg.

I have one for that reason. But from what I've been told, a bank can freeze those lines of credit at any time. Some people actually tell you to move the cash to another bank. Obviously you pay interest on that, but rates are so low it might be worth it to you. I'm not doing that FWIW, but I could see why someone might.

[michigancat]

Also kitn, Bezos is no better than you

He's a better business man than I am. Otherwise I'm real squandering my potential lol

Well, he's not 100 billion times better

[KITNfury]

Also kitn, Bezos is no better than you

He's a better business man than I am. Otherwise I'm real squandering my potential lol

Well, he's not 100 billion times better

Probably not, but he's also not blocking my ability to get super rich. I won't carry on about this here, but victims blame the more fortunate, and that mentality is far more repressive than any policy or class of people.

[michigancat]

victims blame the more fortunate, and that mentality is far more repressive than any policy or class of people.

That's a pretty sad philosophy

[KITNfury]

victims blame the more fortunate, and that mentality is far more repressive than any policy or class of people.

That's a pretty sad philosophy

I probably worded that poorly. Should have said people that blame the more fortunate for their problems have a victim mentality. Those people are mumped until they fix it. I'll stand by that.

[sys]

I think meaningful impact would take federal intervention.

i don't see why that would be the case.

[michigancat]

victims blame the more fortunate, and that mentality is far more repressive than any policy or class of people.

That's a pretty sad philosophy

I probably worded that poorly. Should have said people that blame the more fortunate for their problems have a victim mentality. Those people are mumped until they fix it. I'll stand by that.

Yeah that's still pretty disturbing. Were victims of Jim Crow laws wrong to blame the people who enacted and maintained those laws?