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Wouldn’t staying all cash for the last two months be timing the market as well? No financially literate individual would continue to hold cash unless they need the cash immediately or if it’s a rainy day fund. My argument was initially about not losing any money by staying the course so yes...

You don’t “lose” money in equities unless you sell. You should know better. You also can’t ignore dip buying which will make you more money than any interest in savings. I know your arguments and you’re trying to be slick.

You're saying you're not cherry picking in one sentence and the next sentence you cherry pick. You can't make this stuff up man LOL. Let's play the same game as you, let's have March 2020 as a reference point. S&P was 2300. Now it's 6000. No savings interest will ever beat that kind of return...

What about when the market went up 25% which outperformed savings rate? You’re cherry picking by only mentioning when it went down. Leaving your money in cash is always a bad choice FYI. Return from savings account is generally less than returns from market.

Really? At the age of 22 you're working your tail off to get luxury items and own a home without mommy & daddy money? I call BS.

Not when you buy the dips.

No one is born into this world entitled to ANYTHING. I will never tell my kids anything about what they will or will not have.

that’s the same. No one is really mentioning how poor financial literacy and spending habits are the root cause of this all. The amount of kids I see with LV bags, nice cars that are financed at atrocious rates, and the latest iPhones at the age of 22 in Irvine is insane.

The amount of resources that millennials and gen Zs has now compared to the previous generations is night and day difference. For example, I can google my way and watch YT to learn how to build software. Hell you can even listen into data structures lecture videos from MIT without paying their...

I would sell it too. 300k a year for property taxes is crazyyyyy. That's not including the insurance as some parts of Coto is a fire hazard.

While I agree somewhat on what you said, I also disagree and here is why. The previous generations will always have it harder than the current generations. My parents immigrated to America without understanding a single word of English and managed to find a way to raise two kids and a stay at...

two months ago we were down to 4800-4900 in the S&P and now we are back at 6000. 25% increase on the S&P itself for not selling and staying the course. long story short, DCA & time in market > timing the market

Unless you add "tariffs" to foreign owned homes. It's a very simple solution but America is too capitalistic. :)

Leverage is exactly why financed buyers come out ahead. If a home is 1m, if you were to put 10% down it would be 100k. Cash buyer would need 1m. 50% drop means you lose 500k for cash and you only lose 50k for the financed buyer. The financed buyer can use the 900k to invest in other assets. Oh...

Of course it does. I’ll be ready to buy.

I believe the rich Chinese people have been scarred by what Mao did. The government can do anything at anytime without notice. given that most laws needs to go through the house and senate, it’s more stable and reliable to park their money in the US.

I’m more pissed that they can openly say the seller is open to the transaction being paid in another currency outside of USD. I’m not even sure if that’s legal.

I would argue cash buyers are impacted far more than individuals that actually took a mortgage. 10% drop is the full 10% if bought in cash.

Money talks.

In fairness to the buyer, I guarantee that most of them don't even know the market or have never saw the home. They're relying on the agents to give them everything. And despite these homes being expensive to us, it's actually dirt cheap to Chinese investors. You'll never get anything close in...