Don't kid yourself.  US is a 1 party system.  Unless something is drastically wrong with the 1 campaign, they always vote democrat.  Even as bad as H-Rod was, they still voted for her.


Ordering renters to provide $25,000 subsidies to new home owners is basically ordering them to pay what was an entire down payment 20 years ago.  Surely if they could afford these entitlements for home owers, they would have bought houses themselves. 

They formerly required the high school dropouts to pay $50,000 in student loan forgiveness to Harvard graduates.

Calif* requires renters to provide a $150,000 subsidy to new home owners or about the total cost of a house 20 years ago.    Amerikans just want the Calif* way of life for all.  If you don't like how wealth is redistributed from poor to rich in Calif*, you're not going to like the rest of US.


-----------------------------------------------------------------------------------------------------------------------

Reviewing past stonk positions held by lions, there's no doubt individual stonks were a path to failure.  Those manely went nowhere or to 0.  There was really no money to be made in the stonk market outside of mutual funds.

The old lion put out a lot of bad advice 20 years ago, pick individual stonks no-one ever heard off, YOLO at the top & panic sell at the bottom, put 100% into just 1 thing like real estate, buy 1 position.  If lions stuck to that plan, they would have lost everything.

Even in real estate, lions would no doubt have found a way to fail.  Home ownership isn't an index fund.  You're invested in 1 house & no doubt, the cheapest house you could find.   The market triples but the 1 house might go to 0 or you could panic & sell at the bottom in June 2022.

The good old days of the 2022 bottom in housing.





















Comments

Popular posts from this blog