Investing Thread

[Uncle Rico]

Biggest driver is #muMbb ticket price increases

Not good!

[The Sultan]

Tickets were cheap when Al was coach...

[Pakuni]

Tickets were cheap when Al was coach...

NIL is ruining the economy.

[Uncle Rico]

NIL is ruining the economy.

Imagine if Jim Chones had to deal with inflation

[The Sultan]

Imagine if Jim Chones had to deal with inflation

Those match-ups with Kareem would never have happened!

[MU82]

Be careful what you're willing to have displayed on the scoreboard when you're at an event, folks.

From the WSJ:

Andy Byron, the tech CEO caught canoodling with his company's HR chief at a Coldplay concert, has resigned.

Days after a "kiss-cam" video featuring the pair went viral, Astronomer said that the executive had stepped down from his position. Neither Byron nor Astronomer's chief people officer, Kristin Cabot, responded to requests for comment, and both of their LinkedIn profiles have been taken down. The company and its now-former CEO were hardly household names before a clip of the married Byron embracing Cabot nearly broke the internet. But as leaders at a tech startup, they became an instant online obsession, fueled by a growing love for hating on wealthy CEOs.

[Jockey]

I'm not buying that whole story.

They were having an affair that they were trying to hide and to keep it private, they went to a place with tens of thousands of people?

[The Sultan]

I'm not buying that whole story.

They were having an affair that they were trying to hide and to keep it private, they went to a place with tens of thousands of people?

What would the "story" be otherwise?

[Skatastrophy]

I'm not buying that whole story.

They were having an affair that they were trying to hide and to keep it private, they went to a place with tens of thousands of people?

I feel like you don't spend much time around people of means. They feel like they can get away with everything, they are largely untouchable.

[TAMU, Knower of Ball]

I'm not buying that whole story.

They were having an affair that they were trying to hide and to keep it private, they went to a place with tens of thousands of people?

I've been to many a concert. Unless I already knew someone I knew was planning on going and was looking for them, I have never run into somebody I know at one.

The part I don't buy is that it was random. I still think someone paid the cameraman off.

[Hards Alumni]

I'm not buying that whole story.

They were having an affair that they were trying to hide and to keep it private, they went to a place with tens of thousands of people?

People are arrogant.  And honestly, if they didn't react to the shot of them together and had simply played along, none of this would have happened, and the video wouldn't have gone viral.  Sure, maybe someone spots it and their family finds out... but they aren't household names and faces and the butts of millions of jokes worldwide.

[JWags85]

People are arrogant.  And honestly, if they didn't react to the shot of them together and had simply played along, none of this would have happened, and the video wouldn't have gone viral.  Sure, maybe someone spots it and their family finds out... but they aren't household names and faces and the butts of millions of jokes worldwide.

Exactly.  Even if they just acted bashful, like plenty of people do on those sorts of shots at an event, nobody thinks anything of it.  Its not like it was an official Coldplay video or recorded by a major network, it was a random person's video.  If they do basically ANYTHING but dive out of the way like they were taking sniper fire, this never happens.

[JWags85]

Trump floats the idea of eliminating cap gains tax on home sales.  I know there is a $500K exemption already, but given the state of the current housing market, I think this could be a potentially good idea. 

Sure, I am already wary since part of the genesis of the idea seems to be from a bill proposed by Madam Space Lasers, and yes it helps the wealthy with high value homes/second properties...but there are a ton of boomers, especially on the coasts, sitting on massive appreciation that could now be motivated to sell.  Not to mention what I imagine would be a lot of movement of rental/investment properties that wouldn't be part of the exemption anyways.  Could be a win win for a large swath of people.

[TSmith34, Inc.]

Trump floats the idea of eliminating cap gains tax on home sales.  I know there is a $500K exemption already, but given the state of the current housing market, I think this could be a potentially good idea. 

Sure, I am already wary since part of the genesis of the idea seems to be from a bill proposed by Madam Space Lasers, and yes it helps the wealthy with high value homes/second properties...but there are a ton of boomers, especially on the coasts, sitting on massive appreciation that could now be motivated to sell.  Not to mention what I imagine would be a lot of movement of rental/investment properties that wouldn't be part of the exemption anyways.  Could be a win win for a large swath of people.

It helps the wealthy and increases the debt. What's not to like?

[The Sultan]

Trump floats the idea of eliminating cap gains tax on home sales.  I know there is a $500K exemption already, but given the state of the current housing market, I think this could be a potentially good idea. 

Sure, I am already wary since part of the genesis of the idea seems to be from a bill proposed by Madam Space Lasers, and yes it helps the wealthy with high value homes/second properties...but there are a ton of boomers, especially on the coasts, sitting on massive appreciation that could now be motivated to sell.  Not to mention what I imagine would be a lot of movement of rental/investment properties that wouldn't be part of the exemption anyways.  Could be a win win for a large swath of people.

So where would these Boomers go? The problem in the housing market is an extreme lack of supply. This doesn't create more of it.

[Uncle Rico]

So where would these Boomers go? The problem in the housing market is an extreme lack of supply. This doesn't create more of it.

Elect me president and I'll have thousands of Alcatrazes to house boomers.

[ATL MU Warrior]

Elect me president and I'll have thousands of Alcatrazes to house boomers.

I'll write you in.

[The Sultan]

Elect me president and I'll have thousands of Alcatrazes to house boomers.

Marquette Dental School can probably send the mail to one place at least.

[JWags85]

So where would these Boomers go? The problem in the housing market is an extreme lack of supply. This doesn't create more of it.

I know way more people over the age of 55 who sold their house and moved into a rental than sold their house and downsized into a smaller house. It's moving Boomers from housing they are reluctant to sell freeing up inventory for other buyers. 

My wife is in multi family real estate.  The number of apartment complexes going up to target more affluent post-home owners, in addition to young professionals, is probably the fastest growing market.

It helps the wealthy and increases the debt. What's not to like?

We're not taxing our way out of debt, let's be real.  There are plenty of other stupid spending sprees that are far more damaging to any lost revenue here.

  And if people are already truly not selling in any part due to tax concerns, it's not like it's lost tax revenue, nor is it the major bullet of tax revenue that suddenly changes the debt balance.

[jesmu84]

Are there a lot of boomers unwilling to sell simply because of the capital gains hit?

Or even enough to make any significant dent in the currently needed supply?

[TSmith34, Inc.]

We're not taxing our way out of debt, let's be real.  There are plenty of other stupid spending sprees that are far more damaging to any lost revenue here.

  And if people are already truly not selling in any part due to tax concerns, it's not like it's lost tax revenue, nor is it the major bullet of tax revenue that suddenly changes the debt balance.

We are not taxing out way out of debt from a mathematic perspective, or from a willingness perspective?  Because we went from a budget surplus in Clinton's last year to where we are now thanks to 25 years of unrelenting tax cuts.

And yes, it is lost future revenue. Owners continue to sit on those gains, but eventually there will be a sale and the tax comes due...unless the tax code is changed to favor the wealthy at the expense of young people yet again.

[MUBurrow]

And yes, it is lost future revenue. Owners continue to sit on those gains, but eventually there will be a sale and the tax comes due...unless the tax code is changed to favor the wealthy at the expense of young people yet again.

Wags certainly doesn't need me to speak for him, but I think he's saying that owners will hold onto these houses until they die, at which point there's a basis step up and no cap gain revenue to be had

[MU82]

Trump floats the idea of eliminating cap gains tax on home sales.  I know there is a $500K exemption already, but given the state of the current housing market, I think this could be a potentially good idea. 

Sure, I am already wary since part of the genesis of the idea seems to be from a bill proposed by Madam Space Lasers, and yes it helps the wealthy with high value homes/second properties...but there are a ton of boomers, especially on the coasts, sitting on massive appreciation that could now be motivated to sell.  Not to mention what I imagine would be a lot of movement of rental/investment properties that wouldn't be part of the exemption anyways.  Could be a win win for a large swath of people.

Does any president of the United States - not just this one - have the power to do this?

I guess him declaring it an "emergency" and having the Supreme Court agree seems to work for most policy these days.

[TSmith34, Inc.]

Wags certainly doesn't need me to speak for him, but I think he's saying that owners will hold onto these houses until they die, at which point there's a basis step up and no cap gain revenue to be had

Fair enough.

In which case, the younger generation is the one to benefit.

[TSmith34, Inc.]

Does any president of the United States - not just this one - have the power to do this?

I guess him declaring it an "emergency" and having the Supreme Court agree seems to work for most policy these days.

Yeah, are you not familiar with the Roberts court?