All Forum Posts by: William Coet

Hello,
A syndication closed on a multifamily property several months ago and they are still raising funds for the property. 
They say that the money raised will go toward reserves. 
As someone with no experience investing into a syndication, is this normal, a red flag, or possibly ok depending on other variables?

Thank you in advance for any insight.

@Marcus Auerbach

Thanks for the post.  It would be great to get a category dedicated to AI and housing!

I suppose I am referring to the concept of "Post Scarcity" a time when resources are not limited which, in theory, could lead to the elimination of the need for work.  This is what ChatGPT has to say about post scarcity:

"Predicting the exact timing of post-scarcity is challenging because it depends on numerous factors including technological advancements, economic policies, social attitudes, and environmental considerations. Post-scarcity refers to a hypothetical future where goods and services are so abundant that they become essentially free, leading to a fundamental shift in how society functions.

Some experts believe that certain sectors, such as information and digital goods, are already approaching post-scarcity due to the ease of replication and distribution facilitated by digital technologies. However, for physical goods and services, achieving post-scarcity on a broader scale is likely to take longer.

Advancements in automation, artificial intelligence, and biotechnology could potentially accelerate progress toward post-scarcity by increasing productivity and efficiency in resource allocation. However, there are also concerns about the impact of automation on employment and income inequality, which may need to be addressed through policy interventions.

Additionally, achieving post-scarcity will require not just technological advancements but also changes in societal values and economic systems. Transitioning to a post-scarcity economy may involve shifts towards collaborative consumption, resource sharing, and sustainable practices.

In short, while post-scarcity is an intriguing concept, its realization is likely to be gradual and contingent upon a complex interplay of technological, economic, and social factors."

AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.

This IS going to change things drastically and probably much quicker than most realize.

The question I have is this:

AI will likely be the most extreme deflationary effect ever experienced by mankind. AI machines can extract resources such as minerals and food and distribute them at no cost. AI will be able to replace all repetitive labor jobs first and then more complex jobs. Nvidia CEO and others are talking about robots being able to construct robots. AI will be able to construct homes at near zero cost. Currency may become irrelevant. What will happen to the value of peoples assets? In this case, homes? If people can access basic needs, and even new homes, for free it will eliminate rent and sales for many existing homes. I'm wondering if people who have assets (such as homes and apartments) will be given some type of credit that can be used, but what would it be used for if there is no scarcity of goods and services?

@Marcus Auerbach

Thank you for raising these questions.  You make great points in this post and I'm surprised it is not THE #1 topic on the forum.

 AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.

This IS going to change things drastically and probably much quicker than most realize.

The question I have is this:

AI will likely be the most extreme deflationary effect ever experienced by mankind.  AI machines can extract resources such as minerals and food and distribute them at no cost.  AI will be able to replace all repetitive labor jobs first and then more complex jobs.  Nvidia CEO and others are talking about robots being able to construct robots.  AI will be able to construct homes at near zero cost. Currency may become irrelevant. What will happen to the value of peoples assets?  In this case, homes?  If people can access basic needs, and even new homes, for free it will eliminate rent and sales for many existing homes. I'm wondering if people who have assets (such as homes and apartments) will be given some type of credit that can be used, but what would it be used for if there is no scarcity of goods and services?

There is a lot of discussion about what jobs will be lost and created with AI.  There is discussion that eventually no jobs will be necessary which is an entirely different discussion. 

I can think of some obvious cities where chip manufacturing plants are being constructed that will benefit from AI.

Looking for a discussion on what cites or MSAs will benefit the most from the AI revolution and why?

Quote from @Benjamin Weinhart:

Quote from @William Coet:

Quote from @Matthew Crivelli:

Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

Thanks, Is that FDIC insured?

 It wouldn't be, but it's also a fund made up of US Treasuries, so you get practically the same amount of insurance since both are backed by the US Govt. Just has an extra step for the MM fund.

If there are Treasuries involved, is the interest exempt from state and federal taxes?

Quote from @Matthew Crivelli:

Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

Thanks, Is that FDIC insured?

Quote from @Matthew Crivelli:

Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

Thanks, Is that FDIC insured?

Are these legitimate savings accounts that are insured?  It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.

https://finance.yahoo.com/personal-finance/best-high-yield-s...

What is the best way to do this?  It appears the site that comes up first on search results charges $395.  Are there more affordable options that are also good?

Thanks!