Mikey
@b2b_mikey
PIMCO | Goldman Sachs | First-time CFO
Turns out Powell isn’t just a mindless politicized hack after all. There are reasons for their concern and patience. Just because you want mortgage rates to go down doesn’t mean they care. Fact is, the impact of tariffs is a mystery still. Even to the Fed.
While core inflation remained relatively mild in May using the Fed's preferred gauge, this chart shows how goods prices are no longer helping and have in fact started to make a contribution to inflation, as measured on a 12-month basis. Last year, almost all of the overshoot…
AI and Robotics - and the second order effects of the deflationary cycle we are bound to encounter - will flip the world on its head and it’s fun/scary to think about. What will happen to credit? How will the role of government have to change? What will the meaning of life be?
Owning in a market like LA made this kind of an easy call for me. I’ve only done duplexes up to now. I’ve lived in a couple of the units. Sure the proceeds from a sale would help right now when my wife and I would like a family home, but it sure doesn’t feel like handcuffs.
Would you consider my 2.99% mortgage rate a gift or a curse?
Using the Dow Jones as your proxy for the “stock market”
Just in case you're wondering why the media doesn't seem too interested in talking about the economy anymore: Stock market on July 10th, 2024: 39,721.36 Stock market on July 10th, 2025: 44,458.30
Shout out @KevinEspiritu who caught this barrel like a world champ.
Just as lawns were an 18th Century display of ostentatious wealth, hobby farms are the new conspicuous consumption. I spent 3 years and $2,000 of inputs to produce a bowl of blueberries—each as precious and beautiful as a sapphire. You can get similar berries at Costco for $7.98.
Sometimes I get tired of the landlord thing and just want to sell it all. Sometimes I wonder if being a landlord will one day be my sole source of income when AI takes all the white collars away. That’s all I got for now.
How could a flipper look themselves in the mirror after a choice like this?
At $3.6mm I think the flipper made a little mistake here.
I’ll never understand why so many a quick to dump on millennials and the younger generations for embracing socialist ideas. I believe in capitalism but I’ve also seen it work for me. Many of these people have not. At all. Zero. How dense must you be to expect them to defend it?
This talking point is very easy to just say. I’ve probably said it in the past. I need to dig into this more deeply at some point to try to understand if this is true, or just something people say… (The rent freeze thing kinda crazzzzy tho)
I don't think the Zohran stans realize just how fucked this city will be when all the high-earners migrate out to Jersey and Connecticut. You cannot act so entitled to other people's earnings and expect them to not put up a fight.
For those claiming that higher taxes would drive the wealthy - those paying most of the taxes - out of our cities, leaving them in a state of ill repute: Why isn’t THAT, in and of itself, a problem worth thinking about? Sincerely, A capitalist who still believes in the carrot.
It’s remarkable how little our elected officials understand about really important stuff like this.
The Federal Reserve is screwing every single person trying to buy a home in America right now. $2827 for a home with 7% interest vs $1791 for a home with 3% interest FYI: Inflation is at 2% so they can’t use that excuse anymore. 🇺🇸
Eliminating the most useless political drivel on this website is so hard. Elon really wants you engaging with this absolute garbage from both sides. It’s the matrix. Each zing, jab, and “own” is that little dopamine hit that keeps the mob distracted. Back to muting now…
As if this website couldn’t degrade further, the number of fully grown adults getting into full blown arguments with the same robot in every comments section is truly something to behold.
When you read rich dad poor dad but not your freshman year accounting textbook.
Rich Dad Poor Dad changed my life, but it got one major thing wrong. Your house is not an asset.
When you’re looking for a reason TO like someone, this kinda just happens. When you’re looking for a reason NOT to like someone, well, GG fren.
1st date: i asked her to olive garden. I paid 2nd date: she invited me hiking. It was free 3rd date: she invited me to a mexican restaurant. She paid 4th and 5th date: we watched movies at my house. It was free By the 6th date we was already in a relationship. Moral of the…
Want to see a fact pattern of a probably happy person and then a thousand haters talking about his life in the comments? 👇🏼
I have a friend who works for Nike. • Makes $120k+ • Travels internationally • Encouraged to workout • Flexibility to work remote • Meets professional athletes • Half-day Fridays in the summer • 1 month sabbatical every 5 years • Generous stock purchase program Is…
The bar for “yes rent pls” has never been lower especially in HCOL cities. Glad to own a couple duplexes in LA with 2.5% mortgages but being married now we are not seeing a viable path to homeownership rn, even with a household income north of 300k.
Because 30 years from now: Renting: $13,000 - monthly rent $0 - equity $0 - written off on taxes vs $0 - mortgage $4m - equity $1.5m - interest written off on taxes It may not make sense for certain financial scenarios, but people buy things to not make payments one day.