theflork's comments

theflork | 4 years ago | on: Zillow seeks to sell 7k homes for $2.8B after flipping halt

I'm a mid 30s renter also flush with cash, living in a high COL area.

I have found a happy (to me) medium - I invest all of it diversified across low to high risk assets (muni bonds, i bonds, tips, mREITs, dividend stocks, stablecoins, growth stocks), and at this point just the interest/dividends (NOT counting unrealized gains!) almost cover even my crazy rent (3500/month, for the house we are renting which is valued at about 1.5m). I just don't have the time or the energy for a house. Also a house doesn't MAKE anything other than provide shelter. Psychologically it doesn't make much sense to me to "invest" in a single house, tied to one area, such a large % of my networth. My friends bought houses recently, and even the "flips" turned out to be fixer/uppers. The supply is so bad right now you can really get burned.

Once the supply improves - and really this means most of the government distortions disappear, I would reconsider. By government distortions i mean specifically 0) stimulus checks 1) extra unemployment (bonus monthly $, extra time, and expanding benefits to people that would not have otherwise been covered) 2) mortgage forbearance programs 3) student loan forbearance 4) super low rates. i agree at one point these distortions were necessary when we were all hunkered down and hospitals were being overrun, but we are far from that these days.

theflork | 4 years ago | on: The reason employees aren't returning to work in America [video]

Massively, they did, yes. By both injecting money directly and taking away the burden of repayments. And this unemployment boost that expired is just one small piece of equation:

1 - unemployment boost 2 - stimulus payments 3 - extending unemployment to workers who would normally be ineligible (contractors etc) 4 - eviction moratorium 5 - mortgage forbearance programs 6 - student loans forbearance 7 - locally available , utilities payments pauses 8 - ppp grants

theflork | 5 years ago | on: Rents are dropping across the US

that's just one side of the possible story. if housing does drop, other sectors are probably dropping as well. supply might increase as over-leveraged "investors" need to get liquid. that "army of millennials" will feel much less secure at that point so a large portion may decide now is not the time.

theflork | 8 years ago | on: Show HN: US Stock Screener

Nice project! Good timing too - I track my portfolio on google finance and they are turning that off in November.

theflork | 8 years ago | on: A Newbie’s Guide to Cassandra

Agreed. If anyone has recommended resources for someone coming from from SQL world and wanting to learn more about databases like Cassandra and HBase space, please share!

theflork | 8 years ago | on: How to Interview Engineers

how is the quality of the candidates coming thru the triplebyte pipeline compared to recruiters, or direct site applications?

I'm considering using triplebyte, but also want to control where my applications are sent to.

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