Stop reading at "real estate""

Bird Poo said:

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If you live debt free (except for mortgage) and have a decent job, not a lot of crushing going on. I think it's hurting a lot of people that are leveraged out the rear.

Get debt free. Have savings for hard times. Invest during these opportunities.

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What would be your investment advice? We just got debt free except the house and we make $250k+/yr.

theeyetest said:

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Bird Poo said:

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If you live debt free (except for mortgage) and have a decent job, not a lot of crushing going on. I think it's hurting a lot of people that are leveraged out the rear.

Get debt free. Have savings for hard times. Invest during these opportunities.

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What would be your investment advice? We just got debt free except the house and we make $250k+/yr.

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I'm keeping my powder dry until there is a confirmed reversal. Not jumping back into stocks until October.

Don't forget about your TexAgs subscription going up! However, those of us on Premium negotiated unlimited "rally boobs" during all A&M sporting events.

It's not really affecting me yet but I'm completely okay with it crushing the poor and middle class because it keeps the pride parades going!!!

Funky Winkerbean said:

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itsyourboypookie said:

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Muy said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Is this one of those liberal "it's not happening because I'm not feeling it" posts?

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Everyone feels it, so we up our activity to make more money.

I simply can't believe a bunch of upper middle class college educated folks are being squeezed when my $800 a month tenant just picked up one extra shift a week and over came it, then got a pay raise for his effort.

My retired uncle linked up with a watermelon farmer and sells melons 5 days a week and is making $600 a day CASH, said he's got a wood splitter to sell firewood this winter.

If simpletons are doing slightly more to cover the extra cost, then surely the most educated among us can make 20% more in a crunch?

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Anecdotal evidence..now do conceptual analysis of what it's like for the millions of people that can't do those things and are sacrificing a/c or medicines so they can continue to eat.

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Who do you know that's sacrificing a/c or medicine? What are you doing to help them?

I'll match your contribution.

Equity in new construction is about to dry up. We've already been told by multiple of our long term lending partners they will not be participating in any new projects permitting beyond Q3. What we've been seeing over the last 4 to 6 months have just been signs and symptoms. The real hardships are coming.

Quote:

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I'll match your contribution.

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Who's that offer to?

Bird93 said:

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Equity in new construction is about to dry up. We've already been told by multiple of our long term lending partners they will not be participating in any new projects permitting beyond Q3. What we've been seeing over the last 4 to 6 months have just been signs and symptoms. The real hardships are coming.

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I'll loan on new construction if you swap to a build and rent model. Where are you building?

We're feeling it. I'm eating out less and trying to buy less random **** I typically buy.

But we haven't slowed down on our investments or charitable giving. We're traveling more than ever, but traveling is near my top priority.

I build for one of the nation's largest private Multifamily Developer-Builders. Everything we do is build to rent. We're on very solid ground because we can owner finance where it makes sense to do so. But even the lenders who aren't pulling out completely are forcing developers to shoulder much more of the risk. It's going to seriously squeeze the market, especially for 3rd party GCs and small subcontractors.

I suspect it could be a boon for us because we'll be poised to pick up some really good talent (after the layoffs start) who chose to chase the money in this current market, rather than chase stability.

I buy around 2500 gallons of gas a year and my wife uses about half that. So on the conservative side let's say 3500 gallons. An extra 2.50 per gallon is another 8,750 out of pocket just in gas.

I'm in sales so as long as my customers stay active then my income should rise with the inflation rate. My wife is on a set salary so it's just a pay cut for her.

Factor in the rising costs of groceries, eating out, daycare, general consumer goods, etc and i think it's easy to say i have at least $15k less spending power than i did last year, and that's with no major purchases involved.

I'm hoping a republican shift in the house and senate can change some of this but i doubt it'll get things back the way they were under Trump. Just hope we can hang on until DeSantis '24 and maybe enough people will have learned from their mistakes of voting Democrat that we can get things moving the right direction again.

Not that Republicans are perfect, but they're a damn sight better than democrats.

Bird93 said:

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I build for one of the nation's largest private Multifamily Developer-Builders. Everything we do is build to rent. We're on very solid ground because we can owner finance where it makes sense to do so. But even the lenders who aren't pulling out completely are forcing developers to shoulder much more of the risk. It's going to seriously squeeze the market, especially for 3rd party GCs and small subcontractors.

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I've been thinking builders of multifamily have been getting squeezed for awhile. In Waco the projects being built along the river have all slowed down. I figure there would be lots of change orders for projects that were bid in 2019 that are still trying to get completed in 22. Cost of materials a labor have to be killing the GC's margins, and carrying cost have to be squeezing owners.

I'm watching the ones in Waco and a few more in Ennis. The hood news is rents have exploded so there's more equity, the bad part is that's just theory until someone pays first and last months rent.

What area do y'all build in? What size complexes?

Bird93 said:

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I suspect it could be a boon for us because we'll be poised to pick up some really good talent (after the layoffs start) who chose to chase the money in this current market, rather than chase stability.

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I figure the same thing. Labor and materials should come down. A slowdown seems like the time to build as long as there's an inventory shortage.

I build primarily in DFW and Austin. I have 4 projects right now that all run the gambit (a 34-story 254 unit luxury tower, a 7-story 350 unit podium, and two 400+ unit garden deals.

And yes, material supply chain issues and major labor shortages/cost escalations have really stressed us. Everything is taking twice as long and costs about 20% more.

Damn I can't type tonight

I feel it. There are no "raises" in my industry. I sell medical devices that are somewhat elective/somewhat medically necessary but ultimately patients have to choose to have the procedure. More and more are having to choose to not have this procedure done due to economic conditions. Therefore I make less income because prices are not increasing.

Add that to double fuel bill, double electric bill, almost double grocery bill…

On top of that, didn't Obamacare imposed all sorts of stupid lingering burdens on medical devices?

itsyourboypookie said:

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Funky Winkerbean said:

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itsyourboypookie said:

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Muy said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Is this one of those liberal "it's not happening because I'm not feeling it" posts?

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Everyone feels it, so we up our activity to make more money.

I simply can't believe a bunch of upper middle class college educated folks are being squeezed when my $800 a month tenant just picked up one extra shift a week and over came it, then got a pay raise for his effort.

My retired uncle linked up with a watermelon farmer and sells melons 5 days a week and is making $600 a day CASH, said he's got a wood splitter to sell firewood this winter.

If simpletons are doing slightly more to cover the extra cost, then surely the most educated among us can make 20% more in a crunch?

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Anecdotal evidence..now do conceptual analysis of what it's like for the millions of people that can't do those things and are sacrificing a/c or medicines so they can continue to eat.

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Who do you know that's sacrificing a/c or medicine? What are you doing to help them?

I'll match your contribution.

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Move goalposts much?

Yes. I'm a college student, my landlord increased our rent by $200 a month for next year and all of us have been forced to move out, even the kids that have their parents pay for their rent.

Food is increasingly more expensive as well as gas. But wages have not gone up here.

itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Working class and poor people are hurting. I just took a pretty significant pay cut essentially. Like almost everyone else.

Just curious though, what do you mean by record months in real estate? You think agents like this market? It has sucked for them for a few months now. There's very low inventory and every home is a bidding war with a dozen other families. It's brutal. My wife's team was killing it last two years, now they're starting to get a bit concerned.

Why do that when there are options?

TexasAggie73 said:

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We are retired and our major income is a fixed benefit plan plus social security. Happy at least that gets a cost of living adjustment every year. Plus we have great health insurance, but pay over $900 a month for the 2 of us. At least for my prostate radiation treatments, we had 0 out of pocket. Each treatment and I had 44 of them was $3500 and my 6 month hormone shot is over $22,000 each. The doctors office only gets a $1000. Hope he doesn't go bankrupt. Lol

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I heard that SS will get a big raise... around 10%.

itsyourboypookie said:

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Muy said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Is this one of those liberal "it's not happening because I'm not feeling it" posts?

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Everyone feels it, so we up our activity to make more money.

I simply can't believe a bunch of upper middle class college educated folks are being squeezed when my $800 a month tenant just picked up one extra shift a week and over came it, then got a pay raise for his effort.

My retired uncle linked up with a watermelon farmer and sells melons 5 days a week and is making $600 a day CASH, said he's got a wood splitter to sell firewood this winter.

If simpletons are doing slightly more to cover the extra cost, then surely the most educated among us can make 20% more in a crunch?

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So your retired Uncle was forced to un-retire. Yeah, that sounds like the life man!

That's exactly what I'm looking forward to... retiring and then being forced to unretire because I cant afford to live because of the Marxists in the WH who hate the country and hate me.

Might be a good time for mobile home sales people, if you live in semi rural area. People still hate apartments and sometimes sacrifice their wants just to get out.
Lol, prices are now 250-200k for double wides. But guess the companies have their own financing. 1100-1200 a month is cheaper than most 3br apartments. Rent on brick house depending on age and location around here is 1800-2500 for what used to be called starter home.

itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Almost every person living in the United States was better off under Trump.

The middle class and poor are getting crushed right now.

DallasAg 94 said:

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itsyourboypookie said:

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Muy said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Is this one of those liberal "it's not happening because I'm not feeling it" posts?

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Everyone feels it, so we up our activity to make more money.

I simply can't believe a bunch of upper middle class college educated folks are being squeezed when my $800 a month tenant just picked up one extra shift a week and over came it, then got a pay raise for his effort.

My retired uncle linked up with a watermelon farmer and sells melons 5 days a week and is making $600 a day CASH, said he's got a wood splitter to sell firewood this winter.

If simpletons are doing slightly more to cover the extra cost, then surely the most educated among us can make 20% more in a crunch?

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This sounds a whole hell if a lot like "Two Teas."

Yes... When Democrats take office, we should work more, work harder, and sell 2 more teas for the same lifestyle.

We get it.

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Two watermelons...

c'mon man, you know... the thing...

BillYeoman said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Almost every person living in the United States was better off under Trump.

The middle class and poor are getting crushed right now.

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If Trump were in office, the entire nation would be open for drilling. They'd be drilling on the WH lawn if there was oil underneath it! The oil companies would not be scared to death to expand!

We are fine.

Wife and I mid 50's. Kids are on their own, both have sugar daddies paying for just about everything. (If there is a thread on that, I can contribute a novel.) I do small cutbacks here and there but nothing that affects our lives too much.

I do feel for those with younger kids. Between day care, kids' expenses, lousy schools, post Covid effects...wow.

But I think the worst is still ahead of us. This group of morons have certain agendas that they are pushing so hard and far, with no thought of side effects or byproducts. Gas, food, and general supplies will stay high. The labor market will remain a mess. Supply chain will take at least another year or two to even out (Then this administration will attempt to take credit.) Polarization will continue due to the MSM's sensationalism.

Yes, but I'm managing. Cutting "wants" spending and focusing on my "needs" expenses. Running multiple errands in single trips. Retiring pieces of debt that are subject to rising interest rates. Honestly, I'm very fortunate. I don't know if or how people in the country's lower economic classes are making it. Let's hope they vote for the party that really cares about their plight.

"my day to day friends seem fine abd are still going on vacations."

Thus proving beyond a shadow of a doubt that the highest inflation in 41 years is all a mirage.

see America!! this guy is telling us his friends still go on vacations!

nothing to worry about now. I feel much more at ease knowing this.

itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers

PUBLISHED WED, JUL 20 20227:00 AM EDT

I read everyone of the OP's posts in a Jean Ralphio voice

itsyourboypookie said:

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Muy said:

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itsyourboypookie said:

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We've had record month, after record month, after record month in real estate.

Oilfield seems poised to do big things, Texas seems to be positioned to have job growth in all sectors, we can't hire anyone for less than $18 an hour.

If you haven't gotten a pay raise is that on you or the company? Could you go to work for a competitor for more money?

If you're laid off are you having trouble finding a job?

Reading posts I'd think most everyone is about to be homeless, but my day to day friends seem fine abd are still going on vacations.

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Is this one of those liberal "it's not happening because I'm not feeling it" posts?

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Everyone feels it, so we up our activity to make more money.

I simply can't believe a bunch of upper middle class college educated folks are being squeezed when my $800 a month tenant just picked up one extra shift a week and over came it, then got a pay raise for his effort.

My retired uncle linked up with a watermelon farmer and sells melons 5 days a week and is making $600 a day CASH, said he's got a wood splitter to sell firewood this winter.

If simpletons are doing slightly more to cover the extra cost, then surely the most educated among us can make 20% more in a crunch?

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Anecdotal evidence so I'll give you an anecdotal response. Maybe it's easier for "simpletons" to pick up incremental work/pay here and there because they aren't already maxed out on hours per week like most salaried people would be?

When I was working corporate, I had no time to just go do an extra job and just make more money. Love the flippant attitudes by people that push the "just do what you love" or "just make more money" line of thought. There are only so many hours in the day.