$3,995,000 - Wow...

WinnisquamZ · 04-29-2021, 03:34 PM

No I was not. My first was the fall of 82’. A neighbor who was a professor at the local university asked me to come see his new IBM home computer. During the power up the name “Microsoft” shows up on the screen and I ask what is that. He says “nothing, just some software stuff that turns the screen on”

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Biggd · 04-29-2021, 03:42 PM

Quote:

Originally Posted by WinnisquamZ

No I was not. My first was the fall of 82’. A neighbor who was a professor at the local university asked me to come see his new IBM home computer. During the power up the name “Microsoft” shows up on the screen and I ask what is that. He says “nothing, just some software stuff that turns the screen on”

Sent from my iPhone using Winnipesaukee Forum mobile app

I had my first Auto repair shop back in the late 80's and I use to tell all my customers to buy a Toyota Camry, when they asked me what car to buy.
If I only bought stock in Toyota back then.

But I don't consider that a mistake, just an oversight.

mswlogo · 04-30-2021, 01:40 AM

Quote:

Originally Posted by Biggd

I had my first Auto repair shop back in the late 80's and I use to tell all my customers to buy a Toyota Camry, when they asked me what car to buy.
If I only bought stock in Toyota back then.

But I don't consider that a mistake, just an oversight.

I bought a Tesla in the start of 2019.
A co-worker said buy their stock.
It was $60.00

It’s now $700-ish 10x in 18 months.

He is still telling me to buy their stock.

TiltonBB · 04-30-2021, 06:14 AM

Wrong? I had a friend who worked on a postal distribution center in 2004. He remarked about all the Netflix envelopes with movie discs coming and going. A light should have gone on in my head, but it didn't.

About the real estate market: The major home builders in Florida (and maybe elsewhere) have put a freeze on sales. Lennar is the biggest national home builder and they have stopped writing orders as of about 6 weeks ago. If you stop into one of their gated communities the salespeople will take your name and number and tell you they will call when they can start writing orders again.

With the cost of building materials up over 30%, and the back log of orders, they felt it was prudent to put a temporary hold on. They are currently running 9 to 12 months from order to completion and were also concerned about where the market was going.

The market is moving fast. I sold a house in Florida in January for over my asking price and the realtor told me in April it was worth $100,000 more than I got. Ouch! Maybe I should also list that among my many mistakes!

Kamper · 04-30-2021, 07:27 AM

Are you up for a gamble? It's a sellers market right now but home ownership has a usual turnover of 5 years. If you have somewhere else to live in the meantime, you could sell your house now and buy it back in 5 years at a possibly lower price.

I only own one house and have no desire to live in my camper so this doesn't help me but I bet a few speculators will give this strategy a shot!

Good luck!

Biggd · 04-30-2021, 07:50 AM

Quote:

Originally Posted by Kamper

Are you up for a gamble? It's a sellers market right now but home ownership has a usual turnover of 5 years. If you have somewhere else to live in the meantime, you could sell your house now and buy it back in 5 years at a possibly lower price.

I only own one house and have no desire to live in my camper so this doesn't help me but I bet a few speculators will give this strategy a shot!

Good luck!

I have a friend that just sold their home and are going to live on their boat for a while and see how this all plays out.
They are in their 50's and all the kids are out of the house and on their own. They said they may just head south in the winter, with or without the boat?
A little too close quarters for me!

Biggd · 04-30-2021, 08:01 AM

Quote:

Originally Posted by mswlogo

I bought a Tesla in the start of 2019.
A co-worker said buy their stock.
It was $60.00

It’s now $700-ish 10x in 18 months.

He is still telling me to buy their stock.

Could have been a Teslanaire?

04-29-2021, 03:34 PM	#1
WinnisquamZ Senior Member Join Date: Dec 2016 Posts: 2,120 Thanks: 215 Thanked 678 Times in 451 Posts	No I was not. My first was the fall of 82’. A neighbor who was a professor at the local university asked me to come see his new IBM home computer. During the power up the name “Microsoft” shows up on the screen and I ask what is that. He says “nothing, just some software stuff that turns the screen on” Sent from my iPhone using Winnipesaukee Forum mobile app

The Following 2 Users Say Thank You to WinnisquamZ For This Useful Post:
Biggd (04-29-2021), erick26 (05-04-2021)

04-30-2021, 06:14 AM	#4
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 3,059 Thanks: 726 Thanked 2,235 Times in 955 Posts	Wrong? I had a friend who worked on a postal distribution center in 2004. He remarked about all the Netflix envelopes with movie discs coming and going. A light should have gone on in my head, but it didn't. About the real estate market: The major home builders in Florida (and maybe elsewhere) have put a freeze on sales. Lennar is the biggest national home builder and they have stopped writing orders as of about 6 weeks ago. If you stop into one of their gated communities the salespeople will take your name and number and tell you they will call when they can start writing orders again. With the cost of building materials up over 30%, and the back log of orders, they felt it was prudent to put a temporary hold on. They are currently running 9 to 12 months from order to completion and were also concerned about where the market was going. The market is moving fast. I sold a house in Florida in January for over my asking price and the realtor told me in April it was worth $100,000 more than I got. Ouch! Maybe I should also list that among my many mistakes!

04-30-2021, 07:27 AM	#5
Kamper Senior Member Join Date: Jul 2005 Location: Thornton's Ferry Posts: 1,312 Thanks: 67 Thanked 172 Times in 128 Posts	Are you up for a gamble? It's a sellers market right now but home ownership has a usual turnover of 5 years. If you have somewhere else to live in the meantime, you could sell your house now and buy it back in 5 years at a possibly lower price. I only own one house and have no desire to live in my camper so this doesn't help me but I bet a few speculators will give this strategy a shot! Good luck!