Lol.

“BaNk fAiLuReS aRe BuLliSh!!!”

If your dad doesn't need to be in the Bay Area any more, it isn't a mistake to sell that house. I know you have some attachment to it, but the reality is that your dad can't afford to live there, and probably doesn't need as much space or the location at this point in his life.

One of the things it appears you all aren't accounting for is capital gains tax. I don't know what he paid for the house, but it is highly likely that his profits on the sale will exceed the $250,000 capital gains exclusion on home sales.

What does the rest of his retirement picture look like? Does he have the money to live on if he takes social security next year? Where does he plan to find this $500,000 house? In the Bay Area, it looks like that gets you a 1BD/1BA condo, which means high HOA fees.

Personally, I'd sell the house and move somewhere cheaper with the plan to use some of the proceeds as a bridge to retirement.

Housing market is still absolutely insane around me.

3bd 1.5ba 1300sqft house (semi updated). Listed at $325k.

My friend put an offer $366k, 30% down. Got told yesterday it went for over $425k. Over 350 people showed up to the open house.

Here you are: https://support.microsoft.com/en-us/office/end-of-support-for-money-in-excel-faq-f0e0a388-1bb0-42cf-8753-9574c5424ba4

If you know you will get a raise soon and you can afford the payment buy a bit bigger than you think you need now or make sure you have some land to expand.

I bought my first home in 2010. I was approved for 100k more than I decided to spend. I got a 4 bed 2.5 ba 2 car garage on a tiny lot with no room to expand. For a little bit more money I could've got a basement. I wish I got the basement. I planned to only spend 5 years there wound up at 11. The only saving grace was that it was fullll of closet space and very efficiently built as far as use of sqft goes. If it had a basement or I could've built an out building for a workshop/hobby cave and some additional storage I may have been able to stay another 10 years.

https://preview.redd.it/exnsz9gf56xa1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=ba9f936a7511bcb3e0ad2b72f80261a0aae5bb5e

The best I can do.

Yes, I'm sure about all of that. I tried to add a bit of extra info to prove it but just take my word for it.

The ADU laws in my area are intentionally very lax and recently changed bc the vacancy rate in my city is .3%.

My fiance's mortgage for his 4 bedroom, 2 ba home is $1,280/mo. He could rent the house out for $4k/mo in our market. He plans to rent his house out for the income.

​

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Is it clear in my post that it’s 4 bed 2 ba on each side?

Fabricated video from this source https://youtu.be/Iv4ba02ypZk

Old enough to remember dial up internet making that crazy ba-ding-a-ling-a sound

This hobby is a huge rabbit hole. Expect to spend quite a bit of time up front (and ongoing) doing research to learn the best strategies and opportunities, which tend to change frequently, so adaptation is key.

Also, it is vital that you have excellent financial discipline. You need to maintain a significant cash reserve as you may occasionally find yourself in a position where you need to spend a lot of money quickly, and you must NEVER consider paying interest on a credit card or the entire value of this game will get severely diluted to the point beyond where it's worth it. If you're not debt free with $10K+ in the bank, I would reconsider pursuing this idea at this point. In any event, be cautious.

There are plenty of decent resources online about this activity. Seek them out and read them all. Learn about churning, airline and hotel loyalty programs, credit cards and what programs they're affiliated with for earning miles/points, transferable point programs offered by several of the major banks, and how airline alliances work for the redemption of points in one loyalty program on another airline.

As a simple example: Say you live in Dallas, and want to take a trip to Cancun (this is a trip I take often, so I'm familiar with it). American airlines has multiple flights there daily, many of which have "saver" level award availability. The typical rate is 20,000 miles each way in first class.

You could earn AAdvantage miles (American Airlines points currency) through one of several different Citibank or Barclaycard credit cards that offer points for spending, along with a large signup bonus after you spend a few thousand dollars in a certain timeframe. For this example, lets say you can earn 60000 miles for spending $3000 in 3 months. So you do that, then once you have the points, you can go to the AA website and purchase a round trip ticket to Cancun from DFW for 40000 miles. This would normally be a $1000 ticket if you paid cash. Not a bad deal for only spending money you would already have spent anyway.

But you can also earn Ultimate Rewards points through chase or Membership Rewards through American Express and transfer those points to one of their partners. You can't transfer them to Aadvantage, but you CAN transfer them to British Airways. British Airways doesn't have any of their own flights flying from DFW to Cancun, but they're part of the Oneworld Alliance, along with American Airlines, so miles in the BA Executive club loyalty program (called Avios) can be used to purchase a ticket on an AA flight that has award availability for a rate according to the British Airways partner award chart. Since this particular flight is less than 1150 miles, that means a round trip first class ticket will cost 33000 Avios. You can earn those Avios either by taking out one of the 3 Chase cards that earn Avios directly, or you can apply for one of the many Chase UR cards that earn Ultimate Rewards and then transfer them 1:1 to British Airways.

And while pursing signup bonuses is obviously the most lucrative method of earning points, you can also earn 5x the points per dollar spent by using the Ink Cash card to purchase gift cards (including Visa/MC gift cards) from office supply stores and then using those cards for your daily expenses. That's about half the rate of points earned through a sign up bonus, but you can fall back on this when you've run out of cards to sign up for. The terms say you can typically re-apply once every 2 years (or 4 years for Citibank, or once per "lifetime" for American Express).

You and your spouse (or other household co-habitation partner) can both individually take out the same cards and earn the same bonus and share the points between yourselves in most of the programs so obviously you'll want to work together on this. It goes without saying that establishing and maintaining perfect credit is paramount. Applying for and getting approved for 12+ credit cards a year might seem a bit crazy, and you'll have to learn out to navigate the various application restrictions (chase only allows 5 new accounts every 24 months, but business cards don't count toward that total). You'll occasionally get rejection letters that are complaining that you have TOO MUCH credit already, but you can still get approved by calling the bank and having them cancel or reduce credit lines on other cards. You'll also need to keep track of each card, when you applied, when you were approved, when you earned the bonus, and when you canceled it, so you'll know the earliest date to apply again. Not only that, you'll want to keep track of the typical and best offerings so you maximize the benefit when you apply for each product. Some cards come with other perks, like lounge access, which lately can be a bit hit or miss, but at least in the past has made long layovers in random airports slightly less annoying.

You'll also want to keep an eye out for lucrative spending opportunities that will give you a boost in points earning, probably only for a limited amount of time. Look up past events like the "redbird", dollar coins, pudding guy, etc. That way when opportunities like that appear, you can jump on them before they get shut down.

I could go on and on. And have.. It's a lot of fun, and you'll make mistakes along the way, but it's ultimately worth it for us. Whether it is for you is up to you to figure out. Good luck.

With the EV incentive, Norway is offering the entire country will own them. Meanwhile, they make all their money in oil and gas.

They're also experiencing an energy crisis.

https://www.ft.com/content/99b698e9-5a82-4988-9d4c-f76ba63564eb

Norway's unexpected energy crisis | Financial Times https://www.ft.com/content/99b698e9-5a82-4988-9d4c-f76ba63564eb

It's not all peaches and cream in Norway. Just because people are buying something doesn't mean it will become a reality.

I bought a treadmill I used for two weeks.

Whoa Black Betty

Bam ba lam

We have units that are $2,300 that are 1200 sq ft 2BR 2BA that come with a 300 sq ft basement and 300 SQ ft garage. Most people looking for long term tenancies (our target market) would rather have 1800sq ft of space vs paying $2,500 for a 1,100 SQ ft 2BR 2BA with amenities. If someone who makes solid money but job hops regions every few yrs would rather rent in a luxury complex, I say let the luxury complexes have them.

At first glance it sounds like you need to develop good systems.

However, I am also hearing that you need a structured learning plan to develop business skills.

I think I've got exactly what you need. I wrote a framework on how a High school student can develop the skills necessary for running a trade shop. This includes a "Bachelor degree in Business" through 25 books. Link below.

I copied the first phase here for ease of use. Please feel free to DM me with any questions.

Here is tier list of books to replace a traditional BA in business. The average CEO of a fortunate 500 company reads 50 books per year. You can do at least 25 books. This frame work can get you that education within 25 books, 18 core books with 7 for electives. So 25 weeks or 1 year will save you 4 years fulltime. Also supplement this with free training from SBA. https://www.sba.gov/sba-learning-platform

If you’re on a budget, get these at a library or used book store. If you find this article valuable, clicking through the affiliate link will enable me do more of this.

“First Phase” – 4 books

How to win Friends and Influence people – this is the best book to improve your relationships period.

https://amzn.to/3nbw3kP

Rich dad poor dad or Cash Flow Quadrant - these have fundamental concepts for building wealth,

Rich dad poor dad https://amzn.to/3Z93Qs4

Cash Flow Quadrant https://amzn.to/3FFrUfm

Managing Oneself by Peter Drucker – Peter Drucker is the granddaddy of the MBA. You don’t have to be a Brainiac to understand and apply what he’s talking about.

https://amzn.to/406DSGV

Accounting for dummies or Monkey Makeover or Richest Man in Babylon – these are basic money management. 99.999% of people don’t need advanced option evaluations, they need to learn to balance their books

accounting for dummies https://amzn.to/3JC7166

Total Money Makeover https://amzn.to/3ng1HgY

Richest Man in Babylon https://amzn.to/3JyVXGR

Link to full post

https://www.reddit.com/r/business/comments/11yxwpq/soft_hands_to_foreman_in_4_years_a_framework_for/?utm_source=share&utm_medium=web2x&context=3

Please feel free to DM me with any questions. I am building my civilian resume. Would you be opposed to me giving you a 1hour consulting sessions. You would have a solid deliverable at the end of the hour.

I hope this helps,

This is going to vary based on state. S Corp really isn't ba DIY tax structure. Do you not have a working relationship with a tax professional that you can at the very least ask questions of as you set this all up?

https://preview.redd.it/bw2jldb1iywa1.jpeg?width=787&format=pjpg&auto=webp&v=enabled&s=173e8e441785d19e4e59b638f538b5ba5e5c7216

Ba da ba bah ba

I’m lickin it

​

https://preview.redd.it/oai0if4saxwa1.png?width=700&format=png&auto=webp&v=enabled&s=4835796a74f70a3ed1df45301fb84ddba1cd34ba

Just bought my first investment property. It's not about timing the market but time in the market (heard from David Greene, Bigger Pockets). It's a turnkey rental in Memphis TN. Brand new build, 4 br/2 ba, for $155k. The numbers (pro forma) looked good and truth be told, we needed a tax shelter. Pay Uncle Sam or invest? It was a no-brainer for me. I'm also looking into jumping into my first multifamily using my SDIRA doing JV. Warren Buffet said: Get scared when the market is greedy and greedy when the market is scared. The market is scared right now. I'm planning on refinancing when the rates go down. We're coming up on an election year so the market's going to look good soon ;-) :D DM me if you want my broker's info.

​

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A group of the nation’s biggest banks, including JPMorgan and PNC, tried to shore up First Republic with a $30 billion deposit, but it wasn’t enough. First Republic considered a sale or outside capital injection and hired investment bankers to advise on its options, The Wall Street Journal has reported. It also floated a plan to sell some of its loans or securities, or both, at prices above market value.

A seizure and sale of First Republic would cap the astonishing collapse of a lender that was, until recently, the envy of finance. With some $233 billion in assets at the end of the first quarter, it would be the second-largest bank to fail in U.S. history.

A First Republic spokesman declined to comment. An FDIC spokeswoman declined to comment.

First Republic released a dismal quarterly earnings report Monday that gave new details about the extent of the damage from the deposit run. The bank said it filled the hole from fleeing depositors with expensive loans from the Federal Reserve and Federal Home Loan Bank. That left the lender facing a future where it would potentially pay more on its liabilities than it earned on its assets.

The earnings report sent the bank’s stock down nearly 50% in one day. It continued to tumble as the week went on and closed at $3.51 a share on Friday, down from $115 on March 8, the day SVB disclosed a loss that spooked investors and customers.

The banking industry turmoil began when customers with balances exceeding the $250,000 deposit insurance limit grew concerned in March about the health of a handful of midsize banks and pulled out their money en masse. New York-based Signature Bank failed days after SVB’s collapse.

Regulators and bankers hoped the panic had eased after the government stepped in to make uninsured depositors at SVB and Signature whole. But First Republic’s badly damaged balance sheet left it with few good options.

Only a handful of banks could easily absorb First Republic’s assets and deposits. Some of those, like Wells Fargo & Co., face regulatory hurdles to expansion. Others are still digesting recent deals for other banks.

JPMorgan and Pittsburgh-based PNC both have a history of stepping into the breach during crises.

JPMorgan bought ailing Bear Stearns in 2008, then took on Washington Mutual Inc.’s operations after it was seized by the government.

I have a special gift for anyone going long on BBBY

​

​

https://preview.redd.it/awlg89dxwvwa1.jpeg?width=474&format=pjpg&auto=webp&v=enabled&s=96fb9287e2e1f4ba1fcb781387a50a31c0125a68

My latest purchase was a single family home, 2 br 1 ba, rural town (less than 2,000 ppl), considered east but closer to midwest. $33k purchase (purchase and closing costs), secured a tenant before closing, they moved in the day after closing. $700/month with a $500 non refundable deposit, they pay utilities and handle their own yard maintenance. They've paid on time or early for the last 3 months (how long I've owned it). Only repair I had to do was fix a busted pipe ($300).

Same town I own a small MHP. Bought it last year, paid $200k, owner financed, put down $40k, refinanced in early 2023 and pulled out $100k of equity (also talked the owner who I financed through originally down to a lower price of $160k), used the refinanced money to purchase the property mentioned above, gross cash flow of nearly $6,000 for the MHP.

​

Deals are out there, but they aren't in the normal places. Where I actually live, there aren't cash flowing deals anymore, but in the area I'm investing in something interesting pops up or is sent to me at least once every month or two. I'm lucky that I have a great property manager.

derailed implied he had some plan from JJ to follow so JJ could pick it up in IX, but he had to write what he he wanted to write and a story about how the dedication to the old ways holds back star wars was amazing to me. but absolutely Disney's fault for not having all 3 scripts written ahead of time when they absolutely did not need to make the sequel trilogy yet.

Imagine how happy star wars fans would be if Disney made everything it has out now besides the Sequel Trilogy, Rogue One, Solo, Mando, BoBA, Clone Wars S7 and Bad Batch, Visions. I am happy the first order is being set up in these shows and love the connections but I'm disappointed it's a connection to three bullshit movies that are basically unconnected to each other. Without the ST imagine how exciting the future of star wars would be when we could slowly dive into rise of the first order.

Did Disney even ever have JJ, Rian and Collin (when he was doing IX) all the same room?

'Your accounts have been closed"

https://preview.redd.it/gtksja4csuwa1.jpeg?width=960&format=pjpg&auto=webp&v=enabled&s=00c10ac8ba3e6230883858ff0f583e38cdfb5123

I have about half of my taxable portfolio in cash since I sold my Amazon and Microsoft shares this week. My total cash is around 2mil at the moment but since the interest rate is good, I don't mind having cash for a while.

I am waiting for Amazon to be below $100 to buy them by the boatload. In the meantime, I am selling 20 puts just below $100 and collecting a good premium.

The same is for BA, I am also waiting for below $200 and also selling a ton of puts at $180-$195.

https://preview.redd.it/kvz0h6dn9uwa1.jpeg?width=1170&format=pjpg&auto=webp&v=enabled&s=76274cbfc06f4565f4491f5c62ba26ad990ed71a

I love you guys.

Show yourselves croutons

https://preview.redd.it/u1b8s6fd2twa1.jpeg?width=474&format=pjpg&auto=webp&v=enabled&s=5f2aee4f0691cee2c0ba0ae3b9c3f6ba98403b14

Traders: FRC hit absolute dip, now it only goes up

FRC :

https://preview.redd.it/wzfhbbuoqrwa1.jpeg?width=640&format=pjpg&auto=webp&v=enabled&s=f79f4482ee5f9a403b22f31d771cfd025ba3332c

ThErE's GoInG tO Be a BaIlOuT

https://preview.redd.it/y59z8ylzmrwa1.jpeg?width=1024&format=pjpg&auto=webp&v=enabled&s=aaeed50ddb755587ba8c437e17ffd5cb821d1ce4

Go down the list

https://preview.redd.it/wm8vrp8t8rwa1.jpeg?width=985&format=pjpg&auto=webp&v=enabled&s=1ef80ff54da8e066ba23397053cbf23b482ca084

https://preview.redd.it/fq779tfc0rwa1.jpeg?width=1600&format=pjpg&auto=webp&v=enabled&s=91b9ba506cf8864bd9ac2a6651b3a6deace8635c

I mean i have an acre and a 4bd 2ba with 2 garages and a shed under 200k the midwest is cheap

I think I've got exactly what you need. I wrote a framework on how a High school student can develop the skills necessary for running a trade shop. This includes a "Bachelor degree in Business" through 25 books. Link below.

I copied the first phase here for ease of use. Please feel free to DM me with any questions.

Here is tier list of books to replace a traditional BA in business. The average CEO of a fortunate 500 company reads 50 books per year. You can do at least 25 books. This frame work can get you that education within 25 books, 18 core books with 7 for electives. So 25 weeks or 1 year will save you 4 years fulltime. Also supplement this with free training from SBA. https://www.sba.gov/sba-learning-platform

If you’re on a budget, get these at a library or used book store. If you find this article valuable, clicking through the affiliate link will enable me do more of this.

“First Phase” – 4 books

How to win Friends and Influence people – this is the best book to improve your relationships period.

https://amzn.to/3nbw3kP

Rich dad poor dad or Cash Flow Quadrant - these have fundamental concepts for building wealth,

Rich dad poor dad https://amzn.to/3Z93Qs4

Cash Flow Quadrant https://amzn.to/3FFrUfm

Managing Oneself by Peter Drucker – Peter Drucker is the granddaddy of the MBA. You don’t have to be a Brainiac to understand and apply what he’s talking about.

https://amzn.to/406DSGV

Accounting for dummies or Monkey Makeover or Richest Man in Babylon – these are basic money management. 99.999% of people don’t need advanced option evaluations, they need to learn to balance their books

accounting for dummies https://amzn.to/3JC7166

Total Money Makeover https://amzn.to/3ng1HgY

Richest Man in Babylon https://amzn.to/3JyVXGR

Link to full post

https://www.reddit.com/r/business/comments/11yxwpq/soft_hands_to_foreman_in_4_years_a_framework_for/?utm_source=share&utm_medium=web2x&context=3

I hope this helps,

https://preview.redd.it/t6hn4m45cqwa1.jpeg?width=1170&format=pjpg&auto=webp&v=enabled&s=b3078435405c933a55a1a1f5b108d1ba839d6835

Was hoping it survives one more week do shorts have to cover? What happens next?

https://preview.redd.it/fw9t33wc2qwa1.jpeg?width=1125&format=pjpg&auto=webp&v=enabled&s=1e9a96b42c4ba7057e9952564f46baeb58af3c7c

💪💪

Just a reminder...

https://preview.redd.it/hlqtzi36vpwa1.png?width=748&format=pjpg&auto=webp&v=enabled&s=56bc87685354d60ba787ccc53a4b15833529dbf6

It’s a good question on who’s holding the other side of the trade.

That being said, the CDS market for $FRC has been trading at ATH’s on Ortex, and there’s only a small group of people that have enough liquidity to get an ISDA agreement. The money they injected and that FRC held had to go somewhere, where did it go is a pretty easy question to answer.

All you have to do is look at BaC, MS, JPM earnings and look for “net deposits gained” and “securities & derivatives not yet sold” and you will see a correlation.

https://preview.redd.it/yrtijjqtppwa1.png?width=1170&format=png&auto=webp&v=enabled&s=5ae02da4d48b667713795a13a9eeb64ba1d698c3

I had 4 kids, starting in my late teens and ending in my late 20s. Then for the first 2 years of her life, I fostered my grandchild and was her primary caretaker. There's definitely pros and cons to each age having kids.

Teens/early 20s - Don't recommend. This is your time to figure yourself out and get yourself mentally and financially stable before taking on the huge responsibility of parenthood. Physically you will be able to keep up, but you will struggle A LOT mentally and financially. I had 0 patience dealing with a little person 24/7, and I made a lot of mistakes that I regret. I also chose the father of my kids based on him having long hair, being able to play guitar, and having his own car, ie my decision making was superficial and crap, and that's not great for a parent. Instead of going to college and getting a stable job, I bounced from low-paying job to low-paying job, which made financially caring for the kids so hard - I had to rely on public assistance, and the kids and I did without a lot of necessities.

Late 20/early 30s - This was the best age for me. I was more stable mentally, but still young enough to keep up with the physical demands. I was also stabilizing my career, so I was less financially strapped than I was as a teen parent (as the kids got older, I was able to finish my BA and then my career took off). I had a lot more patience to deal with the demands of a baby, and I made better choices for the baby than I did when I was younger.

Mid 40s - I was physically exhausted all day, every day, but I didn't mind it so much. I was at my best mentally and financially at this age. The career was a solid upward trajectory, and I was able to buy a house for me and the baby, and was able to afford not just necessities but also treats for the kid. Because I had more money, I was able to afford more help in the way of daycare. Overall, I recommend older parenting to extremely younger (aka teen) parenting, and there were parts of it that I even preferred to parenting in my late 20s/early 30s.

Just my $0.02.

https://preview.redd.it/q6x9c183uowa1.jpeg?width=720&format=pjpg&auto=webp&v=enabled&s=e029328e3826ba1584314e929c5ecaeabd832180

Based on my algorithm's and advanced charting/analysis, I definitely see a worthwhile investment opportunity. GL

https://www.ft.com/content/b760c871-6812-4409-ba76-1e4a67f8b7e7?shareType=nongift

https://preview.redd.it/hhpmr2wwnowa1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=ea93be04413e6ceba74048718d13ba0ff91f4cad

At least crypto is allowed to crash and burn, this halting on FRC is a farce and obvious market manipulation

bUy cRyPtOs aRe BaD

Depends on location. In some cities, a decent 1br/1ba apartment can run $3.5k+ per month and in others as little as $750/mo.

Best: Call on AMZN during Covid... April 2020... made almost 3000%.

Worst: BA Leaps.

Magoo old boy, you’ve done it again!

https://preview.redd.it/1ll54o379jwa1.jpeg?width=369&format=pjpg&auto=webp&v=enabled&s=6ba3c283548f7881f616cf748ffc011ca5a71350

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First big win ever! NGL, I think I'm hooked now 😱

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I had $15k in META calls that I sold right before earnings bc I’m fucking regarded

I’d bet you’ve also made a BoOmErS BaD post about “the myth of endless growth”

https://preview.redd.it/et8syaqq0hwa1.jpeg?width=928&format=pjpg&auto=webp&v=enabled&s=2b07662f63a603fe557e287ef0c09224ba4d59aa

The only face she could’ve made when she heard this 😂

Anyone buying puts? On msft or ba or banks?

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100% Meta gang, peace be with you brother

Do the minor. Looks for jobs in marketing analytics, BI, BA, etc. maybe even consider flipping your major/minor around(not necessary unless you really like analytics). Avoid organic social media marketing like the plague. Id personally look at skills tied to revenue (email/SEO/ppc/paid social )Paid social is fun. I enjoy it personally. It’s a nice mix of DA and marketing. One path is marketing skill associate -> Director at which point you can decide if you want to go higher up into people management or go into strategy. Another option is the same but starting at the BI/BA side of marketing (product marketing manager/marketing analyst/ etc). You can also do both to see which you like best as they are complimentary skills. Look agency or f500/1000 for jobs out of school. Marketing jobs are becoming more and more data heavy so the minor is a good idea.

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Op probably

I would say no because the low birth rate is a phenomenon in most first world countries (US, Japan, Korea, Germany, and Italy), and second/third generation immigrants in US usually have lower birth rates than the first generation. In addition, AI is constantly developing, and we’re not living in 70’s when even a BA in Basket Weaving guaranteed a full time job.

BaBaBaY

>Very few people in America are getting liberal arts

Hmm, liberal arts is one of the more common forms of degrees earned. Bachelors of arts (B.A.) is often a liberal arts degree for example, it's actually the origin of the BA, with the a being the arts of liberal arts.

There may be a generic degree called liberal art(s) but that's just a broad study of the aforementioned B.A. which usually included economics, history, etc. They're also usually not what anyone means when they say liberal arts degree.

https://tesla-cdn.thron.com/static/ZXSBN8_TSLA_Q1_2023_Update_ABMJPG.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22e826b065-cc14-467c-8c9c-e1feb7189ba8.pdf%22

It looks like this graphic is just wrong since the report has "Selling, general and administrative" as a category with 1.07B assigned to it underneath operating expenses.

Political elites sniping divisive figures on both left and right this week so they can unite the country in order to go to war. GD and BA calls?

I used to live in Irvine working for Amazon as a Software Engineer L5 and made a 250k annual TC. Was relocated by AMZN from the Midwest to CA specifically for the job and had to really stretch my finances to afford a security deposit on a rental home (IIRC, the security deposit was $5,000 and did not include the first month of rent at $3500, so a total all-in first month of $8500). Your struggle is something that I relate to wholeheartedly.

When my family and I moved to Irvine, one of the things that we remarked at was just how expensive housing was. We had heard about the memes of housing costs in CA, but it became our reality and it was frankly depressing. Being unable to get less than a 3 BR, 2BA house meant that our starting price tag was 800k+. In order to get in the door in a minimum viable home, we needed to have at least 4% down + closing costs which ends up being ~$75,132.

Even with Amazon levels of salary, this ended up being unobtainable. After taxes, my total take-home was ~ 170K. After taking out housing and insurance costs, that was reduced to 110k. We were able to save ~ $32,000 in my first year of employment but unforeseen additional tax burden due to the relocation took another $21,000 in taxes.

Over the course of a year, the houses that we had considered buying went slowly from 800 to 820 to 850, and now it's nearly impossible to find a property that you can own for less than $900k.

When Amazon announced its layoffs, I was impacted and took a permanently remote position with a severe decrease in net TC and GTFO'd from California. Drained my savings to relocate back to the Midwest and haven't thought twice.

To get comparable schools for my children with a 3 BR / 2 BA house here will cost me ~ $350k. Gas is cheaper. Meat is cheaper. Insurance is cheaper. Even with my decrease in TC, I'm still up to 12K in house savings since relocating.

This isn't to gloat but rather to demonstrate just how impossible the housing problem seems even for someone that's making far and above the median / mean income for the USA. You say that you're pulling $115k pre-bonus... this is still nearly 2x the national median after your bonus is factored in. I couldn't figure out the economics making 100k more than you.

For what it's worth, once we decided that we were calling it quits on CA, we started asking all of our friends in the neighborhood how they were able to afford their housing situation. Outside of a few D.I.N.K households, we heard about the same 2-3 responses which were:

1. We inherited the house so we didn't have to worry about buying it, just had to pay the taxes
2. We bought after the crash in '08 and refinanced when rates went low again
3. My foreign relatives bought the house and we're just living in it.

I legitimately couldn't believe that I heard #3 multiple times. No wonder everyone around us was doing well, they existed in a different reality than we did.

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I’m sorry. You wanted more?

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>$BA: CFRA Downgrades to Buy from Strong Buy - PT $228 (from $240)

^*Walter ^Bloomberg ^@DeItaone ^at ^2023-04-26 ^14:23:24 ^EDT-0400

hope BA cliffs down to $100 again

https://preview.redd.it/1ahhhvlc0bwa1.jpeg?width=1019&format=pjpg&auto=webp&v=enabled&s=aeb2ba52d8b8cf36459faa69c2f837b636d0c6ae

BA the most boring stock on the planet.

There is no recession in Ba-Sing Se

Yellen and friends: Banks are stable

FRC: BaNkS aRe StAbLe

man I took a insignificant loss on my BA calls yesterday and now it pops 3% , that's the way she goes i guess...

>Would love to hear your thoughts on what you would do in this situation! Thanks so much !

If you're just comparing spending $600k on a house, vs continuing to spend $1300/month on rent in a vacuum, then financially-speaking obviously continuing to rent your current place is better.

But this seems like an apples to oranges comparison. What does $600k buy you? A bd 2 ba with a yard and a garage, or a another 2bd 1ba apartment but at 3x the cost? Do you actually want/need a bigger house, and are willing to pay a lot more to have it?

https://preview.redd.it/fhsf62c54awa1.png?width=720&format=pjpg&auto=webp&v=enabled&s=5303249ce5597f96b965a8c59aeefd58a73ba041

I do think this will cause societal and economic problems over the long run.

If you go on any college campus, the gender ratios are often getting to be 75/25. Where are the boys? I'm sure some of them are apprentice welders or truck drivers, but that can't account for all of them. And probably some of those girls are getting overpriced, useless BA degrees......but not all of them.

Where I worry about it is that (a) women often don't want to date unemployed men and (b) unattached men cause a lot of societal problems. Simply put, this is going to lead to more angry incels out there.

So GOOGL does good in earnings and its red and BA misses and its almost 4% up... Cant make this up

I can see it. BA and NOW both miss hugely. Only thing green tomorrow could be MSFT and NVDA

Mmmbop, ba duba dop

Ba du bop, ba duba dop

https://preview.redd.it/8jh6dwxyq6wa1.jpeg?width=764&format=pjpg&auto=webp&v=enabled&s=a7d530c5dfdb710162f48c3bc3c95b8f8ba7fe3b

I think I've got exactly what you need. I wrote a framework on how a High school student can develop the skills necessary for running a trade shop. This includes a "Bachelor degree in Business" through 25 books. Link below.

I copied the first phase here for ease of use. Please feel free to DM me with any questions.

Here is tier list of books to replace a traditional BA in business. The average CEO of a fortunate 500 company reads 50 books per year. You can do at least 25 books. This frame work can get you that education within 25 books, 18 core books with 7 for electives. So 25 weeks or 1 year will save you 4 years fulltime. Also supplement this with free training from SBA. https://www.sba.gov/sba-learning-platform

If you’re on a budget, get these at a library or used book store. If you find this article valuable, clicking through the affiliate link will enable me do more of this.

“First Phase” – 4 books

How to win Friends and Influence people – this is the best book to improve your relationships period.

https://amzn.to/3nbw3kP

Rich dad poor dad or Cash Flow Quadrant - these have fundamental concepts for building wealth,

Rich dad poor dad https://amzn.to/3Z93Qs4

Cash Flow Quadrant https://amzn.to/3FFrUfm

Managing Oneself by Peter Drucker – Peter Drucker is the granddaddy of the MBA. You don’t have to be a Brainiac to understand and apply what he’s talking about.

https://amzn.to/406DSGV

Accounting for dummies or Monkey Makeover or Richest Man in Babylon – these are basic money management. 99.999% of people don’t need advanced option evaluations, they need to learn to balance their books

accounting for dummies https://amzn.to/3JC7166

Total Money Makeover https://amzn.to/3ng1HgY

Richest Man in Babylon https://amzn.to/3JyVXGR

Link to full post

https://www.reddit.com/r/business/comments/11yxwpq/soft_hands_to_foreman_in_4_years_a_framework_for/?utm_source=share&utm_medium=web2x&context=3

I hope this helps,

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Theta gang feasting.

Except for BA. That thing is moving, but who knows which direction.

https://preview.redd.it/0kjnw3bq25wa1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=6c68b69ab260ba399c57702c751ff0eecd97c076

I only bought 50 shares and made about $90 💀

https://preview.redd.it/k7aqhquzy4wa1.png?width=1080&format=pjpg&auto=webp&v=enabled&s=fb60ec8edc0d61d9cdacfc2253f14d5541cd70ba

☝️

Zillow/Redfin just a 1 bed/1ba for just over 700sqft, it fits our lifestyle. It's only us and our dog (we're a lesbian couple with no immediate plans for kids).

Most 50y/o's in tech I see are corporate drones paid below average and relegated to BA roles because they no longer keep up with technology enough to compete with the cheap labor of 20 somethings.

See no reason why not. GE did well in its aerospace division. I’d expect something residually similar to BA.

Loaded up on BA calls before close, will they print

Years ago I remember opportunity to buy BA at >6$…I did not. I expect same here 5-15 years down stream. Profit favors the patient

https://preview.redd.it/6skcxd07l4wa1.jpeg?width=498&format=pjpg&auto=webp&v=enabled&s=550ba3a492699a8b6fc611b363d0b0d6c749e529

Let it burn let it burn!

​

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calls on BA and GD dont @ me

https://preview.redd.it/ywn8fwglc4wa1.jpeg?width=960&format=pjpg&auto=webp&v=enabled&s=6f12fb71acbbeed6ba95acabad474ffcad691c2b

2.5 hours later

https://preview.redd.it/vn7ao6lt64wa1.jpeg?width=1043&format=pjpg&auto=webp&v=enabled&s=4c64ba88e7999e4497d946046def9f6be5c3fafb

Can I get a bailout

https://preview.redd.it/d8ojvzd1z3wa1.jpeg?width=720&format=pjpg&auto=webp&v=enabled&s=2233ec174a0d0bdb4cc4994339ba05b1b5cdd815

Got one for sale, don't try to short me I know it's worth

Sanction BaBa right now