OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[truss]

The $JMIA buzz made me remember this lecture from my sociology class. From 2020-2100, Africa will account for the largest growth of working class humans, 2.1B to be exact.

The world’s next 4 billion people will differ from the previous 4 billion

In all likelihood, the world will add another 4 billion people to its population before the end of the century, as it did in the past 50 years. But the next increase will not only be slower: it will also differ in a number of respects. Niussp tells us which.

www.niussp.org

 

[johnnyredstorm]

The $JMIA buzz made me remember this lecture from my sociology class. From 2020-2100, Africa will account for the largest growth of working class humans, 2.1B to be exact.

The world’s next 4 billion people will differ from the previous 4 billion

In all likelihood, the world will add another 4 billion people to its population before the end of the century, as it did in the past 50 years. But the next increase will not only be slower: it will also differ in a number of respects. Niussp tells us which.

www.niussp.org

Main reason why Jack Dorsey is down there. Bitcoin will be life changing for developing countries like that once all the infrastructure is fleshed out. If Dorsey takes the same approach SE did with SeaMoney in building out the infrastructure to encourage mobile wallets and showing people the power of owning bitcoin rather than their inflationary local currency and allowing that crypto to be spent, it would create so much value and opportunity for people in developing worlds to finally take ownership of their labor and see value created for them. It has the potential to be explosive and life changing and push forward a developed country much faster than traditionally.

having said that, I could be wrong, but odds are jmia won’t be the beneficiary of that.

 

[hennessy]

My friend just copped a trailer park with 10 lots with his friend and says he’s making like $3k/month profit from it. Says he’s looking for a 50 lot trailer park next. Interesting investment.

 

[moderndarwin]

I’d like to grab a plot of land and make it a tiny homes community. Uphill battle though for sure.

 

[johnnyredstorm]

Ohio real estate is popping like that? Someone school me on buying “cheap” rental homes in other states. I know my local values we but can’t tell you a thing about like Ohio but that’s where the moneys at.

 

[shibadekobe]

 

[hennessy]

I’d like to grab a plot of land and make it a tiny homes community. Uphill battle though for sure.

Bro if I have to hear more about tiny homes...my girl has the idiots guide and has been watching the TV show now went from wanting a big $700k home to wanting to live in storage cubes

My friend made the joke last night if we end up going that route he’s got a lot in the park for me lol.

 

[206to813]

In theory.

Lets say you put 100k down on a 2 bedroom 500k condo. Rent will be 2.5k lets say. Yes the property is paying itself off but after your mortgage, HOA fees, and property management costs how much are you really pocketing monthly?

Gotta go for a duplex or triplex. But 100k really wont get you anywhere with those unless you're buying in the hood and charging 2k per floor.

Lol those are really bad numbers in your hypothetical scenario, plus it’s a condo

There’s a lot of options to make 100k work in real estate. Could buy a distressed property (single family or multi unit), say for 350k with a 70k down payment, put 30k in rehab. Refinance it on new appraised value of 450k, take out 100k or so to use for another investment, while cash flowing say 800 to 1K a month. Meanwhile in the right market, property is appreciating 5-7% yoy.

 

[johnnyredstorm]

So what’s the market to be looking at for houses in that price bracket because NY has things all messed up.

 

[shibadekobe]

 

[ballinsam23]

So what’s the market to be looking at for houses in that price bracket because NY has things all messed up.

NY got everything messed up. For example in Queens outside of areas like Forest Hills, Fresh Meadows, Astoria, there isn’t much increase in value. 3 bedroom attached house for 800k. I’m good.

 

[ballinsam23]

Lol those are really bad numbers in your hypothetical scenario, plus it’s a condo

Thats NY for you. Even broken down duplexes in the hood are 600k plus now.

 

[johnnyredstorm]

Houses in Brownsville are over 500k. Markets insane

 

[flacobey]

A friend of mine bought a 4 unit apartment building in Dayton for like $150k or so, he lives in one of the units and rents out the other three. There’s probably a lot of opportunities like that in tertiary markets, just gotta do your research.

It’s nearly impossible to find any turnkey property like that in the DMV inside the beltway for under $500k. It’s probably the same story in most coastal cities. Unless you already have deep pockets or don’t mind being highly levered initially, it’s pretty tough to get into commercial real estate in DC, NoVA and MD with $100k cash

 

[crownedhead]

It’s a GREAT time to buy investment properties - said when Covid came around, have cash on hand and buy

What makes this a great time?

In Houston for example, it is clearly still a sellers market. Houses are selling for greater than asking.

A couple colleagues are currently trying to buy and have both been in bidding battles.

I can't speak for other markets, but I'm guessing it's pretty similar. That's why I ask what makes this a great time to buy.

 

[johnnyredstorm]

Low *** interest rates

 

[turbospartan]

Ohio real estate is popping like that? Someone school me on buying “cheap” rental homes in other states. I know my local values we but can’t tell you a thing about like Ohio but that’s where the moneys at.

Lot of Midwest cities like that. Ohio, MI, Indianapolis, Kansas City, etc.

General rule of thumb is that the monthly incoming rents are at least 1% of the cost of the rental property. Buy a $150k house/multi and it should bring in at least $1500/mo. That said, usually the better % are in the rougher areas. A $500k house probably ain't gonna rent for $5k a month, but a $60k house in the hood will probably rent for $600. Some people even go heavy into Section 8, because it's guaranteed by the government as long as you meet their standard. Right now is kind of a weird time with the federal rent protection, stimulus checks, unemployment, etc.

I have some money set aside to invest into real estate, just figuring out the right opportunity. There are turnkey companies like roofstock.com who have a one-stop shop setup (agents, properties, inspection reports, tenants already in place, etc.). I have been keeping an eye out for something in Detroit, but have also looked into KC, Indy, down south, Florida, etc

 

[shibadekobe]

 

[shibadekobe]

Very intriguing...More Lotto plays

 

[shibadekobe]

 

[アミーゴ]

flacobey I bought in Logan Circle a year ago - already up 20% and can charge tenets whatever I want

 

[johnnyredstorm]

These executive orders the tyrant in charge is trying to sign are complete dog **** especially the payroll tax cut that’s deferred and needs to be paid back next year

 

[アミーゴ]

Twitter buying TikTok will make my life - they had the OG with Vine lmao

 

[degenerate423]

Who do we think is gonna be next? Kodak?

 

[johnnyredstorm]

Twitter buying TikTok will make my life - they had the OG with Vine lmao

Twitter is such a failure. Periscope and vine had unicorn potential and they squandered them both