Is it time to worry about the stock market?

[Rct851]

No its not.

You cannot find a house to buy in socal, especially SD, for under half a mil. That's a $3500 mortgage with tax/ins/etc. And its a ****ing shanty you'll be buying at that price.

I rent for $1k for a 650sf 1br. I can get a 2br luxury apt down the street for $2000 if/when we decide to upgrade. Still not a mortgage. You have to rent at some high end places to equal the cost of a mortgage payment.

Maybe if you were lucky enough to buy in the 80's/90's or 2008-2010 you are looking good mortgage wise. Everyone else, its like standing at the base of Everest and looking at the peak going "Who's climbing that? **** that"

that seems strange to me. In league city,tx (aka where whites go to breed) you can buy a nice "normal" house for 200-300k no problem, but you have a hell of a time renting a 1 bedroom apartment around here from less then 1k/month unless its a real shit hole.

i would figure with how you're always talking about there being nothing in socal for less then half a million then the apartment rates would somewhat match.

 

[thomas91169]

that seems strange to me. In league city,tx (aka where whites go to breed) you can buy a nice "normal" house for 200-300k no problem, but you have a hell of a time renting a 1 bedroom apartment around here from less then 1k/month unless its a real shit hole.

i would figure with how you're always talking about there being nothing in socal for less then half a million then the apartment rates would somewhat match.

There's a feasibility limit to how much you can charge rent. Sure the ultra luxury places or a high rise downtown is where rent for a 2br might equal a $500-600k mortgage. But if you're frugal and smart like us, there's still good rental places that aren't charging gratuitous rates for crappy spots.

You're in a spot I find it hard to see how anyone rents with house prices that cheap, unless people's credit blows. $200k with 3-5% down is what, $1k a month? That's nothing. You can swing that easy if you make simply double min wage. But I guess people still rent. We constantly think about buying a 3br in like Rockwall (my best friend lives there so he could monitor the house as needed) and just renting it out for some side income and retirement, but the impending recession makes me hesitant.

 

[ViperRed91GT]

that seems strange to me. In league city,tx (aka where whites go to breed) you can buy a nice "normal" house for 200-300k no problem, but you have a hell of a time renting a 1 bedroom apartment around here from less then 1k/month unless its a real shit hole.

i would figure with how you're always talking about there being nothing in socal for less then half a million then the apartment rates would somewhat match.

Even if they did match... $200-$300k mortgage is still more than $1000/mo rent, which was the initial comparison

 

[jeffh81]

that seems strange to me. In league city,tx (aka where whites go to breed) you can buy a nice "normal" house for 200-300k no problem, but you have a hell of a time renting a 1 bedroom apartment around here from less then 1k/month unless its a real shit hole.

i would figure with how you're always talking about there being nothing in socal for less then half a million then the apartment rates would somewhat match.

What does their race have to do with anything??

 

[Rct851]

What does their race have to do with anything??

It’s a joke.

 

[jeffh81]

It’s a joke.

Yeah a true one. I moved out of Galveston in November. Rent is through the roof in that area

 

[DAVESVT2000]

“For the year, the Dow industrials were down 5.6%, the S&P 500 off 6.2% and the Nasdaq down 3.9%”

After the gains of the past ten years, I can live with this.... not a big deal imo

 

[tones_RS3]

Stock Market has been doing pretty good the past 3 days or so.
WINNING!!! lol

 

[1 Alibi 2]

Only lost 133K this year, maybe 2019 will see some profit..

 

[DAVESVT2000]

Only lost 133K this year, maybe 2019 will see some profit..

So you sold and lost $130k,
or your portfolio is down $130k?

Big difference

 

[HillbillyHotRod]

Only lost 133K this year, maybe 2019 will see some profit..

Makes my measly $20k look like spit.

 

[1 Alibi 2]

So you sold and lost $130k,
or your portfolio is down $130k?

Big difference

.
The value of my portfolio dropped by 133K.
This would be a concern if I depended on my portfolio to fund my retirement, which I don't.

 

[Blk04L]

Dow futures point to a 400-point drop to start the new year

U.S. stock index futures fell sharply on Wednesday, the first trading day of the new year, as disappointing economic data from China hampered global risk appetite.
Shares of tech-related companies were among the worst performers in the premarket.

Futures also fell after The New York Times reported that U.S. Trade Representative Robert Lighthizer has told friends and associates he wants to prevent President Donald Trump from accepting "empty promises" from China on the trade front. The report also says Lighthizer has warned Trump that additional tariffs may be neededto get meaningful concessions from the Chinese. The two countries are currently negotiating a trade deal after exchanging tariffs on billions of dollars worth of their goods.

 

[tones_RS3]

Market made a great comeback today to close on the up. I thought for sure it was going to be in the red.
Good deal!

 

[Screw-Rice]

My biggest issue is I second guessed myself and didn't buy on this dip. Stocks already gained back everything.

 

[snakecharmer]

I lost 3.82% last year in the 401 - roughly 80K - but looking back historically, loses for me usually got followed by a banner year. Not quite so sure this time because of the house being controlled by Shitocrats, who will do everything in their power to destroy the country and the economy with it. Too late to back out now, that would just lock in the loses, so sticking with the plan and crossing my fingers while directing new money to more conservative options.

 

[IA Shelby]

My biggest issue is I second guessed myself and didn't buy on this dip. Stocks already gained back everything.

Don’t worry you will get your chance to buy again. Apple revised guidance has triggered a massive drop in futures. Tomorrow is going to be a blood bath.

 

[Buckwheat 1]

Don’t worry you will get your chance to buy again. Apple revised guidance has triggered a massive drop in futures. Tomorrow is going to be a blood bath.

Wall st traders are going to short the market bigly and pay their tax bill for last year with the plunder.


Sent from my iPhone using the svtperformance.com mobile app

 

[Screw-Rice]

Don’t worry you will get your chance to buy again. Apple revised guidance has triggered a massive drop in futures. Tomorrow is going to be a blood bath.

Got the money qued already.

 

[Smooth]

Wall st traders are going to short the market bigly and pay their tax bill for last year with the plunder.


Sent from my iPhone using the svtperformance.com mobile app

I think many have already.