All Forum Posts by: Jeremiah Dunakin
Jeremiah Dunakin has started 7 posts and replied 176 times.
Post: How do you deal with people who don't share the same ambition as you do.
- Posts 186
- Votes 189
Whenever someone steps out and tries something people always think they can have a vocal opinion. If you change diet,exercise,real estate, sport,money, lifestyle there will be haters that know absolutely everything. When I started trying to invest in real estate I had a bunch of people telling me how to do it, where to do it, who to rent to, prices to pay. None of them have bought anything yet. I’ve been living by the words of 50 cent “if they hate let me hate and watch the money pile up” as someone else pointed out people will make fun of you then after a while they ask you how u do it. You got this don’t let the naysayers live rent free in your head
Post: Thoughts on Dave Ramsey?
- Posts 186
- Votes 189
it’s not being the old guy on the porch. It’s stating a fact. Kids today (I’m gen x) don’t want to work.I see them come in my shop all the time they do not and refuse to work overtime. I hear parents my age say kids today don’t want this or that. They want to travel. Kids today have it way easier.it’s not a next generation is lazy mentality.It’s stating the truth. Kids stay at home and be on mommy and daddy’s insurance till they 26. I had insurance for myself at 18. My generation not the next do not want to work.
No we haven’t always been lazy and freeloaders. You used to starve if you did not work even in this great country. Now if you don’t work you can be overweight with 150$ Jordan’s on. Young adults living at home as raised by 15% in last 12-15 years. That is a substantial amount. I know a job that pays 6 figures with no education and they can’t keep the young adults. This is a problem.
I agree the days of one working adult is about done. I raised a family of four on one income for 10 years it can be down but I worked OT to do it.
The challenge is not the same it’s way easier. As each generation has become more enlightened. Policy has changed politically in this country making it harder to get by. We might have agree to disagree on this topic. Best wishes
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
LOL What you might do NOT understand is that , I totally agree with you that the political situation has impact to certain location.
However the data shows it is not that great. Folks in Sacramento is still stay in Sacramento area. It is true in some HCOL are that they are leaving the area;. But they still living inside CA primarily. It's city issue more than state issue.
However, interest rate rising, high cost of living is direct action from the Fed that prints money 600% more than usual (in 2020-2021), rather than who is in the office. As the Fed the one that control the money printing system LOL
While I do agree that high crime is directly related on who is in the local government.
I miss read your post. It got scrambled in my brain. I read a couple words wrong .I seee what you are saying now. My bad
Quote from @Russell Brazil:
We have literally the opposite problem of a coming real estate crash. We have an inflation problem that traces from the money supply increasing by $3-4 trillion in a mater of a couple of months in Q1 &Q2 2020. That Genie can not be put back in the bottle.
why do you think a real estate crash is coming. Is it because 3.5 years ago we spent a bunch of money that we didn’t have. In your opinion how does that equate to a crash.In 2020 we dealt with an unprecedented global pandemic. We were at home being safe. Money had to put in system. I’m not sure how that is still affecting today when I could be wrong but are probably averting about 2t in new debt each year.2020 was about 4t.
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Dunakin:
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.n’t win a title. Or Elon musk doesn’t really factor into Tesla
It is because it's being exaggerated so much as it's discussed widely in social media , while the data showing it's almost meaningless. Yes political has its influence but not so much when we carefully access the data and information.
The biggest immigration after all is still going to Sacramento, these are mostly retirees age level or Baby boomers generation moving out from high-productive-economy to more retirement-area-suburb and also new development in that area, as the area is new growth.
The driving force is mostly because of high cost of living, people is moving to more affordable place. But whoever ruling the country, the high COL place is almost high COL that drives people out.
I appreciate a level headed conversation.To further here is where I differ.
The media can say what it wants. The facts are still the facts. That is an area where people have willful ignorance because the facts don’t back up their chosen party.
The data really isnt really meaningless. It may not be what we want to hear and go on emotion and feelings. The data in every American’s pocketbook says that inflation is out of control. I gave examples of main things that affect main streets money. Chicken is twice as much as it was if not a little more than twice. Gas is twice as much. A 2x4 is twice as much. In November 2020 including the huge dip from lockdowns factored in my investments were up about 45% return. They have since gone to the negatives and just now rebounded to sub 10%. That is a lot of money to lose. The cost of a mortgage 4% higher in intrest than it was. You get less house for the money. Most people it takes them out of the equation for even owning a home.
The policies of certain areas within the last 3 years have been disastrous for people. Crime is through the roof this is data not my feelings. California has had a loss of people for the first time I think in history. Sacramento might have lost people to the suburbs but I’m talking the whole state. These people and buisness are fleeing the policy of the lawmakers the small buisness can’t afford the crime major buisness can’t either and it’s becoming a passed on burden to the rest of us. These are data points.Look at the firms moving out of nyc and Chicago places moving out of Portland and Seattle. These are huge firms. They are going to different political landscapes.
The cost of living is a direct correlation of political governmental policy. California,New York, Chicago, all have common political ideas. Meanwhile Texas,florida, Tennessee all have a similar trajectory. To me that is a direct correlation. The numbers don’t lie. My company has benefited because of California regulations and had to move production out of there.
The high cost of living can’t be dismissed with luck or chance. There is a reason there is a high cost of living in those areas. The is a reason the cost of living is different in other areas. It has nothing to do with sunshine.
Quote from @Chris Watkins:
Hi Kazumi, welcome to the forums!
The effects of a particular president (or even governing party) would likely be small on the major economic forces that drive real estate. Presidents actually have little effect over the larger economy (positively or negatively) that the preside over.
Interest rates are a real concern for investors, especially us in the NW with prices where they are. The demand to live here, coupled with the lack of supply will govern housing prices for the next decade, and insulate the region from a larger drop, even if other parts of the country drop (which I don't believe will happen, at least not like 2008)
An investment property should be looked at as a long-term investment, one that lasts through many economic cycles. If you have high short-term goals for cash flow or appreciation, there's a fair amount of risk. But that risk diminishes over a longer horizon and real estate is fantastic in the long-term.
Whether you invest should depend on your short- and long-term goals. Time in the market beats timing the market.
I think the effect of politics plays a huge part in real estate and economy. I’m not sure how we can discredit that. When I hear that said to me it sounds like a brush under the rug because facts don’t want to be considered. Politics plays a huge factor in Oregon of all places. People and businesses are moving out of there. The same as California, it’s not because of the weather. It’s strictly because of political reasons. California had a loss of population for one of the first times in history. Where are these buisness and people moving? Texas it is because of political environment. The same goes with economy. A couple years ago I could buy family pack of chicken thighs for around 4/5$ and family chicken breast 8/9$. Yesterday It was almost 17 for thighs and 19 for breast. A gallon of gas is almost 4.00$ it use to be under 2$. A 2x4 was 1.79 all day long and we would throw scraps away. Now a 2x4 is almost 4$. The intrest rates for a house was2.65% now it’s 7ish. I had a small flexiable loan that I was paying 6$ month on 3 years ago. After paying down the balance due to inflation I was paying 14$month on less principle than before. Yes it is very much a political driven economy. I just can’t understand why this is not accepted. Have we looked at retirement accounts lately for last 10 years.
It’s like saying when lebron james came back to Cleveland had no effect on them winning title. Or when Micheal Jordan left the bulls they didn’t win a title. Or Elon musk doesn’t really factor into Tesla
Post: Would you do it again?
- Posts 186
- Votes 189
Been a factory worker since 18. Never had another choice. I had two mouths to feed and rent was due 25 days after I graduated. June 6 diploma July 1st rent was due. My only regret was not using my overtime money more wisely. I could have been much further along than I am had I saved more. I think most of us could say that though.
A good start for both your real estate and personal life would to be pay your debt off. Financially this will raise your credit score, you will also hav more money every month that you are not paying to Toyota and State U. This will also be a tremendous foundation to build your marriage on. If you start your married life without the stresses of financial debt I promise it will be better. There are more than enough things in this world to bicker about. Taking that huge stress out of equation will benefit BOTH of your lives for the next 50 years. You will start way ahead of your peers in that aspect both financially and personally. You got this man. Congratulations on the marriage and the desire. Keep getting after that debt and in no time you will have a property
Post: Thoughts on Dave Ramsey?
- Posts 186
- Votes 189
Quote from @Cliff Benner:
@Jeremiah Dunakin Thanks!
Ain’t gonna lie I’m gonna use that one if u don’t mind