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Talking stocks, trading, and investing in general - Page 690

post #10336 of 11163
Quote:
Originally Posted by GreenFrog View Post

Looks like people are starting to price in the $19B euro back tax bill for AAPL.

What do you mean by that?
post #10337 of 11163
Quote:
Originally Posted by jbarwick View Post
 

Surprisingly in Germany it is common for people to be long-term renters and never purchase a home.  Repairs are a pain in the ass so why not have a landlord fix the large problems?  I see pros and cons for both but we are homeowners.

Germany also has many more tenant protections and a much lower cost of housing.

Their shrinking population and non being a primarily English speaking country are the reason for this. 

 

 

Quote:
Originally Posted by idfnl View Post
You're life's work is being given to a bank, you're just building all kinds of rationalizations on how it's not. Your money goes to a bank in the form of interest. The bank's money is not coming into your pocket thru osmosis. It goes in one direction...

It's a potentially small part of ones income. It also provides stability, since you can chart your monthly payments over the life of the loan. I don't know what my rent will be next year. If one lived in NYC over the past 6 years their rent has likely doubled or more. 

The bank is, after all, taking a risk that you may not pay them back. If a property had its value going low enough then the bank would be right, they would be stuck with it. 

 

I also play both sides by owning MBS. 

 

As pointed out I pay way more in taxes than I would pay additionally in interest. 

Quote:
Originally Posted by Piobaire View Post

In developed economies I think the US and Canada probably have the highest percentage of home ownership and might very well view home ownership in a different way that much of the rest of the developed world. No stats on that and completely based on my impressions and observations.

Questing for home ownership is definitely a North American thing. People in other countries are much less sentimental about it. Part of that though is simply tradition at this point. I grew up in a house my parents owed and expect to own my own one day.

 

My Italian friends grew up in rented homes and expect to rent homes most of their lives.

 

 

Quote:
Originally Posted by SkinnyGoomba View Post

I can't see where renting and saving (plus investing) offers any great advantage, the interest rate is currently 3%, housing prices are rising generally speaking and so if housing is rising at the same rate as the interest rate then you're offering yourself a disadvantage by then paying for rent while saving, assuming also that renting is actually cheaper when in reality it is usually not.

You'd be asking a lot of your investments to rise at a rate which covers your rental expenses and beats the housing market.

Living with your parents is cheaper, but not always a viable solution when people like to do things like say....get married and have kids....or have a job in a place that isn't where your parents live.

This reminds me of when I was a teenager and did not want a credit card because I disliked the idea of credit card companies, I say the idea because I had no experience to speak from at that point. That eventually came to be an issue because modern day society runs on credit, and so I had to join the ranks, get a credit card and build credit. Came in handy years late when it came time to get a house.

IMO low interest rates have massively pushed up the price of housing, because people don't see prices but monthly payments. Like the stock market I think there is a material risk of overpaying. 

post #10338 of 11163
I do agree with that.

Ours has gone up something stupid like 20%~ in 5 years, not that I mind it but I think it's a bit ridiculous. I kind of expect it to flatten out soon enough, but I have no evidence to support my theory.
post #10339 of 11163
Quote:
Originally Posted by NikeOG View Post

What do you mean by that?

Apple is being investigated by the EU for their tax rate in Ireland. Apple's euro HQ is in Ireland and is purported to have a special 2.5% tax rate that was brokered by Steve Jobs a while back. The standard corporate tax rate is 12.5% and this is considered to be an unfair advantage.

It's not illegal necessarily because Ireland is sending Apple a tax bill and is paying every cent of it. But it's anti-competitive from a broader EU perspective because Ireland has been brokering these very advantageous tax rates for huge companies. It's basically classified as state aid.

So if the commission goes ahead and levies a retroactive tax bill at the regular 12.5% tax rate, Apple will be on the hook of up to $19B by analysts' calculations. No penalties though because it wasn't illegal.
post #10340 of 11163
What are everyone's expectations re: fed meeting tomorrow?
post #10341 of 11163
Quote:
Originally Posted by SkinnyGoomba View Post

I do agree with that.

Ours has gone up something stupid like 20%~ in 5 years, not that I mind it but I think it's a bit ridiculous. I kind of expect it to flatten out soon enough, but I have no evidence to support my theory.

 

I think we're in a bit of a mini-bubble.  Housing prices rapidly recovered over the last couple years, and I think the low interest rates have fueled it.  I don't have any evidence either though.

post #10342 of 11163
Selfishly speaking, I hope housing prices crash hard so I can scoop dat RE up.

Will short the stock market of course before that happens and time it perfectly.
post #10343 of 11163
Quote:
Originally Posted by SkinnyGoomba View Post

I do agree with that.

Ours has gone up something stupid like 20%~ in 5 years, not that I mind it but I think it's a bit ridiculous. I kind of expect it to flatten out soon enough, but I have no evidence to support my theory.

In NYC you routinely see places with a 80% gain over the same time. Yet no shortage of construction in Manhattan, Brooklyn, Queens, Hoboken, all the shitty places between Newark and NYC ect. 

 

I have to think its the marginal buyers pushing it up. What happens when their demand is satisfied? 

post #10344 of 11163
Quote:
Originally Posted by MSchapiro View Post

In NYC you routinely see places with a 80% gain over the same time. Yet no shortage of construction in Manhattan, Brooklyn, Queens, Hoboken, all the shitty places between Newark and NYC ect. 

I have to think its the marginal buyers pushing it up. What happens when their demand is satisfied? 

This is Murica. Demand is never satisfied, everybody needs to keep trading up to avoid falling behind status-wise!
post #10345 of 11163

I am the Joneses!

post #10346 of 11163
Quote:
Originally Posted by jbarwick View Post
 

I am the Joneses!

 

Well, you better be prepared, because we're keeping up with you now.

post #10347 of 11163
Being poor I have to say I'm surprised I made such a good choice in 2012. Then again, I might have been sitting on my hands since '08 and was ready to pounce when the perfect deal came along. Based on a recent comp I have to think my house would sell for about 180k more than we paid for it in 2012...even more if I get that damn backyard done. ffffuuuu.gif
post #10348 of 11163
Quote:
Originally Posted by lawyerdad View Post


This is Murica. Demand is never satisfied, everybody needs to keep trading up to avoid falling behind status-wise!

In NYC there is no mcmansion arms race. You've made it when you have an HVAC system instead of window units. 

post #10349 of 11163
Quote:
Originally Posted by MSchapiro View Post

In NYC there is no mcmansion arms race. You've made it when you have an HVAC system instead of window units. 

London was once like that.

https://www.theguardian.com/artanddesign/2012/nov/09/billionaires-basements-london-houses-architecture
post #10350 of 11163

That's still going on to some degree. But NYC doesn't have enough basements or allow it for it to be a thing.

 

London is more rich people want a space bigger than their townhouse. 

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