Sniper

Have you watched this short video? That shot was intentional as they come. No way accidental:

Based on what's coming down the pike, with the NJ budget completely destroyed, you're going to be happy that it was only $18 NOW... Just wait for Murphy's "Hold My Beer" moment.

FIFY

I'm letting mine run a bit longer too. All this printed money should pump the market for next quarter or two. Just have to keeps your eyes open and know when to pull the plug.

Well, look at that, DOW 31,000. Who cares what happened in DC yesterday, Biden is going to Print Money like a drunken sailor, and the market is thirsty. Some speculate, he's going to print between $2 trillion - $4 trillion... talk about a juicing.. 35,000 here we come.... ...Then we'll get the depression...

That's an area that really concerns me for the future. When the median retirement savings of Boomers is under $100K, they'll be living on S.S. only..... Where the heck will you be able to do that in this country? They'll probably want to live with their kids, but problem there, their kids already are living in THEIR basement.

That's truly the name of the game, but if you multiple sources of assets, it's tough to "hide".

It's such a screwed up system. The ones paying in at the higher percentages and planning and saving, are the ones getting screwed the most. The ones living paycheck to paycheck, who could care less about getting ahead or planning for the future, get all the benefits... I can hardly wait for Joe/Kamala to start means testing for Medicare and S.S..... and probably nationalize IRAs and 401Ks.... "for the children"...

Except they use 2019 tax data to decide if you qualify for stimulus. We made too much that year. That's exactly why I finally got wifey to retire, she was having fun working, and it was nice that she wasn't here looking to start projects for me to finish, when she was at work . But, I told her it's ridiculous to continue, and I was tired of paying .Gov., so I twisted her arm, and got her to retire. So, now we're both retired, with lower income, but since they look back two years, we get penalized. Isn't the government wonderful? Penalizing the people actually paying the bills and being the savers in the country... I've decided I'm going to be a "taker" from now on... I'm done being a "maker" for all these decades!

That's what we did when we sold our last house in 2011 in Monmouth County. We knew we were going to downsize (after the kids left) in 2013, and I was watching house prices continue to fall after the last housing bust in 2009. Talking to some realtors I knew back then, they said either go now or hang in for 10 years for the market to rebound. Prices were falling like 10% a year at that point. If I stayed, I would have had to start replacing stuff, as it was coming up on replacement cycle time (roof, HVAC, windows, driveway, etc.), and I wasn't going to put money in when prices were dropping. So, we decided to test the water, and put the house on the market at the price we wanted, and we sold it for what we wanted. Then, we went and rented for two years to wait for the bottom. Saved a ton of money doing that. We found our existing house towards the end of 2013. I just wished I made that jump a year earlier, in 2010, would have saved even more.

We're both retired, here's what we got:

So, who has become rich with their $600? Many people have reported they got their "crumbs" in a direct deposit. With that type of windfall, how many of you are retiring in luxury today?

Did you also try Google Play Music?

I guess this fits the statements made by some realtors. "Buy now or be forever priced out of the market". ....."Between record-low mortgage rates (thank you Federal Reserve), Congress' fiscal stimulus checks, record debt-fueled demand, and extremely low supply, the housing market entering 2021 is in bubblelicious territory, surpassing levels not seen since the 2006/7 housing bubble. Of course, surging home prices mean that millennials can't afford to buy as this has pushed affordability to a 12-year low. Bloomberg, citing a new report from Attom Data Solutions, said homebuyers in the fourth quarter had to spend at least 30% of their wages to afford the average American home, the largest share of any quarter since 2008. Thanks to the Fed, which has been on an MBS buying spree, purchasing more than $100 billion in mortgage-backed notes in November - borrowing costs are now below 3% for a 30-year loan, have spurred a buying frenzy, driving up prices across the country as bidding wars for homes erupt amid shrinking supply, as per a new Goldman Sachs report.

The choice now for the kids is either Dad or Mom drive them there.

https://www.njportal.com/DOR/BusinessNameSearch

So, then you are going to buy Jeffrey Epstein's island?

Maybe he just made his billion in Bitcoin, and is looking to retire in the Caribbean, anonymously? I hear Jeffrey Epstein's island is for sale.

If you recall, the last record high was December 2017, when it hit 19K, and all the fools rushed in, only to see it collapse through 2018, all the way down to 3K in 2019. Are you feeling luckier THIS time?

Anyone considering selling in the next few years, should consider selling soon, when the prices are up. When all this financial shenanigans of the pandemic money finally causes it's damage, and foreclosures/evictions ramp up, you'll wish you sold at the high. Go rent something for a year or two and let the dust settle. Housing prices in my neighborhood were moving basically side ways the last 6 years. This past year, they increase 10% - 20%. The last few houses that sold, sold for OVER list price.... It's nuts... and these people put very little down, so if prices reverse when rates go up this year, they'll be immediately underwater.

FIFY Parents today don't want to deal with their kids, so they give them the newest electronic gadget to pacify them. Watch parents giving their 18 month old toddler their phone while shopping, to shut them up is pathetic. Then for the school aged kids, give them their iPad babysitter, so the parents have the freedom to update their own Facebook status, without interruption... Send the kids out to play in the yard??? Really,... that means the mom's need to cut the umbilical cord still attached to the 10 year old.

And that's what will probably happen for the people who bought this last year. Mortgage rates at record low levels, and as we all know (well, maybe not all), people buy "payments", not "houses". Low rates push up prices, but that will end soon. If you want to buy, I'd wait a little longer. Once the eviction moratorium and foreclosure moratorium end at the end of this month, landlords and owners will be dumping houses that they haven't been paying for since March. Landlords will NEVER collect past due rents, and will probably just dump the losing investment. Hell, I saw a week or two ago, there over $400 million in utility bills unpaid last year. Not only are people not paying their mortgages, they're not even paying their utilities, due to the moratorium on shut-offs. That's all going to change soon....

and, who is that helping?

Should be interesting to see where this goes when the money spigot gets turned off: US Housing Enters 2021 In A Massive Bubble So between the plunge in supply, the surge in demand, and the ongoing stimulus booster shots, the effect on prices is quite clear: as the chart below shows, the median prices of new and existing single-family homes is at or near all time highs... ... while the annualized Q/Q home price appreciation is the highest since the financial crisis. In short: between the Fed's record low rates, Congress' fiscal stimulus checks, record debt-fueled demand, and historically low supply the housing market is now even hotter than it was during the peak of the 2006/7 housing bubble.

Ha.... just make sure you don't land on the cross bar. Your voice will change by a few octaves.. Hell, as kids, we lived on our bikes, did all types of tricks and jumps and had some spectacular crashes. I rarely ever see any kids out on bikes in the neighborhood now. As a matter of fact, I rarely see any kids outside playing anything.... Period....