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1
Economy & Finance / Re: What the "Dow" is happening?
« Last post by morekaos on Today at 04:50:32 PM »
This is a convo better suited for this thread and not the stock picking thread...

It looks like the yield curve briefly inverts with the 2 year treasuries which topped the 10 year rate.

#notLookingGood

you seem to be following what's going on around the world, so you should know that the european economy is in the tank and asia is seeing a lot of unrest.  which means the united states is still by far the safest place to put your money, thus with everyone taking their money to buy 10 year treasuries the price will go down.  calls for recession in the us are just the latest outrage that the media can play to get more clicks and eyeballs.

,,,,and 25 countries have 0 or negative interest rates right now. That tells you the world about the health of our economy vs the rest of the world.

The zero or negative interest rate regime continues

25 countries have zero or negative interest rates including Switzerland, Denmark, Sweden, Japan, Austria, Belgium, Bulgaria, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.

https://thistimeitisdifferent.com/all-time-low-interest-rates-july-2019
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Closed smoothly with owning with zero closing costs in 2 weeks. Very good process and not so heavy on bank transactions, reserve requirements etc.
3
Irvine Real Estate / Re: Solar mandate
« Last post by irvine buyer on Today at 04:36:00 PM »
Here's an update.  From what I was told today, my "mandatory" solar is because of the CCR (California Code Regulations) title 24 for 2016, which took effect on Jan 1, 2017.  The requirement was for new constructions to be 30% more efficient and KB decided to use solar to meet this efficiency "requirement".  Although, the only major requirements I could find for 2016 CCR title 24 is the requirement for high efficiency lighting such as LED bulbs.  The 2019 CCR title 24 is where the law makes it a requirement to have solar on all new constructions for Jan 1, 2020.  Regardless, the sales office did send me a Solar Addendum that did say solar was "mandatory" and we could either lease or buy.

Mety brings up a good question of why not lease instead and I'll have to do some research into that.  We don't plan on moving until the kids graduate high school which with a newborn is at least another 20yrs so maybe buying is the right choice for us.  I really wish we could have had the option to pick the solar ourselves like how we decided not to use any of their flooring options, but do planning on ripping everything out before we move in and installing our own flooring.

Perhaps I don't understand the 2016 updates but I thought it only requires homes to be solar ready.
https://ww2.energy.ca.gov/2015publications/CEC-400-2015-032/chapters/chapter_7-Solar_Ready.pdf
4
Agree with above from TCT. Original lender Wells Fargo gave same rate for detached condo  as  an SFR for both initial purchase and refi. Now the new lender who has a better rate and costs is adding in the condo rider to increase rate by .25%.

5
We had similar issue when looking at homes. Many realtors and builders list and act like a detached condo is a single family.

Some lenders give the same rates for both SFR and Detached condos in Orange County. For example we were quoted the same exact rate from Provident Funding for a single family and a detached condo resale. Both were around the same price. Other places quoted anywhere from 1/8 to 3/8 difference.
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Economy & Finance / Re: Stock picks
« Last post by eyephone on Today at 03:08:46 PM »
Got it.

Bingo. So it all comes out in this thread. You could of said this long time ago. That you view your house as an investment.
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Economy & Finance / Re: Stock picks
« Last post by irvinehomeowner on Today at 03:00:01 PM »
I did some historical lookups on the ones that were posted on Page 1 of this thread... many didn't move that much... but I think those were supposed to be short term picks.

My picks are like Irvine houses... hold them for a long time and they will yield good returns.

The worst performer was DIS... which is surprising but I expect it to go up in the next few years.
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Economy & Finance / Re: Stock picks
« Last post by eyephone on Today at 02:59:43 PM »
NFLX, AMZN, AAPL, DIS, GOOG, TGT, MSFT

Hold until retirement. :)

Let's see how I did with those "duh" stocks:

2/2/17 to now
NFLX 139.20 > 297.81
AMZN 839.95 > 1823.54
AAPL 128.53 > 212.75
DIS  110.61 > 135.76
GOOG  798.53 > 1191.25
TGT 63.68 > 103.20
MSFT 63.17 > 138.94

So simpleton stock picks seem to do well.

For reference:

DOW: 20,851.33 > 26,202.73
S&P: 2,371.54 > 2,924.43
NASDAQ: 5,867.89 > 8,020.2

Sounds good but how many shares do you own?
I hope more than 100 each.

To clarify. Did you buy or are those on your stocks to watch?
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Economy & Finance / Re: Stock picks
« Last post by morekaos on Today at 02:30:16 PM »
The yield curve needs to stay inverted for an average of 7 months...not 7 minutes. Once that happens a recession may occur anywhere from 9-24 months later...this currently is another big fat nothing burger...bon appetite’!
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Water Cooler / Re: President Trump
« Last post by Kings on Today at 02:27:41 PM »
how long until all the wacky 2020 dem candidates who want to cancel all student debt condemn trump for canceling student debt?

Quote
Trump signs order to wipe out student loan debt for disabled veterans

President Trump canceled federal student loan debts Wednesday for tens of thousands of veterans who are 100% disabled, saying it’s the nation who owes them instead for their service.

At the 75th annual American Veterans convention in Louisville, Kentucky, the president signed an executive action directing the Education Department to eliminate “every penny” of student loan debt for about 25,000 disabled veterans who owe an average of $30,000.

The president said the action is worthy of veterans “who have made immense sacrifices, the ultimate sacrifice in many ways, for our nation.”

https://www.washingtontimes.com/news/2019/aug/21/trump-signing-order-wipe-out-student-loan-debt-dis/
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