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So next time say, "basically any *alt* coin." Not "basically any coin."
"majority of retail" more like the majority of gambling addicts.
Big Tone - what REITs or MBS ETFs are you short? I need to make some money when it all comes crashing down!
Airbnb just report earnings last week and it had its best quarter ever
Maybe it's just me, but it feels like the horror stories of "they tried to charge me a zillion dollars in fees" just get magnified. I've never had a problem finding something reasonable
most of the airbnbs I've see started charging exorbitant cleaning fees, while also giving a list of chores that need to be done before checkout. it's driving away their customer base, even if airbnb's share of those fees is temporarily making their earnings look good
Beanie Babies is where it's at.
I invested heavily on raising chickens during he great egg shortage and I expect that to return me at least hundreds of dollars
IMHO it depends on the areas. Some cities like Atlanta are putting in crazy laws something like limiting people to only owning 1 VRBO in the city, actually can have 2 but 1 has to be their primary residence. Not sure what was going on there, maybe they were trying to limit outsiders from buying there. In resort areas like the Lake of the Ozarks we are going to be fine. I think you will see many people get out of it because they didn't realize it would actually take work to make it financially successful. They figured buy the place, put pictures on line and profit. They didn't think about more marketing, maintenance, fees...... It's not for everyone, especially if they don't want to put in the necessary work.. We are seeing a growing trend of people preferring VRBO's over Hotels for vacations.
The Poors are especially gonna get hurt. Middle Class and higher should be fine as long as they aren't carrying huge DTI ratios. Not obvious to many of the people with credit cards is that the increased interest rates cause an increase in the Interest Rates they charge. So the financially struggling people barely making the minimums on CC payments are going to see them get even higher. Banks and financially stable are going to win while the rest are going to be set back financially.
What's your take on the best way to invest in real estate on a smaller scale, if you don't have 'buy another house' levels of capital?
That's a tough one. Hard to justify buying lower priced Lots/Land and speculating on it as it most likely won't generate any income while you wait for it to increase in value. There are REITs (Real Estate Investment Trusts) basically like a stock that is made up of properties. Even 2 years ago we had 1 bedroom condos down here selling for $50,000 that were great short term or long term investments. Some lenders will allow you to include the past rental income in a property in your income when you are buying it. They won't give you full $1 for $1 but might give you $0.50 on the $1. So if a property is bringing in $600/month they will credit you $300/month towards your income. Some lenders/banks will let you use equity in your current home as Down Payment money on investment properties.
