A weekend topic starting with Yahoo Finance. "BRIAN CHEUNG: Yeah, let's start off with Wells...Double…
This Post Has 22 Comments
From the first video:
BE SMART! Market changes bring DEALS | Orange County Market Update
Jul 11, 2022 While interest rates rise, demand has tanked and that means less competition for our buyers out there. Market changes like this provide opportunities to those who are looking for it. Buyers and sellers that need to move and can afford to do it should absolutely take this opportunity seriously. You have more inventory than all of 2021, and you are currently competing with less than half of the demand we saw last year, but there is no telling how quickly that will change… So, should you buy a house in 2022? Let’s find out…
The second:
A busy summer for numbers in Arizona
Streamed live 17 hours ago Wednesday the new CPI numbers come out and it will indicate how much stronger the central banks may need to adjust rates.
Ok, i shouldn’t laugh at that tweet but damn, you just can’t help but bust a gut at it.
LOL at this reply: “What should you do when you buy at the height of the market? Live in the house for a long a$$ time.”
A comment:
‘What should you do when you buy at the height of the market? Live in the house for a long a$$ time’
‘With a median home sale price of $418,000, Cape Coral saw a year-over-year inventory increase of 30% and a nearly 17% drop in pending sales. In addition, there has been a 7% decrease of homes that went off the market in two weeks in Lee County’s most populated cities. The top five housing markets cooling the fastest are San Jose, California; Sacramento, California; Oakland, California; Seattle, Washington; and Stockton, California.’
Surprised with San Diego (better weather) vs San Jose (better paychecks). Both are terribly congested, need to check the time of day before going anywhere.
‘As Uber aggressively pushed into markets around the world, the ridesharing service lobbied political leaders to relax labour and taxi laws, used a “kill switch” to thwart regulators and law enforcement, channelled money through Bermuda and other tax havens and considered portraying violence against its drivers as a way to gain public sympathy, according to a report released Sunday.’
‘The International Consortium of Investigative Journalists, a non-profit network of investigative reporters, scoured internal Uber texts, emails, invoices and other documents to deliver what it called “an unprecedented look into the ways Uber defied taxi laws and upended workers’ rights.”
‘The documents were first leaked to the Brtiish newspaper The Guardian, which shared them with the consortium. ounded in 2009, Uber sought to skirt taxi regulations and offer inexpensive transportation via a ridesharing app. The consortium’s Uber Files revealed the extraordinary lengths that the company undertook to establish itself in nearly 30 countries.’
‘The company’s lobbyists – including former aides to President Barack Obama – pressed government officials to drop their investigations, rewrite labour and taxi laws and relax background checks on drivers, the papers show.’
‘The investigation found that Uber used “stealth technology” to fend off government investigations. The company, for example, used a “kill switch” that cut access to Uber servers and blocked authorities from grabbing evidence during raids in at least six countries. During a police raid in Amsterdam, the Uber Files reported, former Uber CEO Travis Kalanick personally issued an order: “Please hit the kill switch ASAP … Access must be shut down in AMS (Amsterdam).”
‘The consortium also reported that Kalanick saw the threat of violence against Uber drivers in France by aggrieved taxi drivers as a way to gain public support. “Violence guarantee(s) success,” Kalanick texted colleagues.’
‘In a response to the consortium, Kalanick spokesman Devon Spurgeon said the former CEO “never suggested that Uber should take advantage of violence at the expense of driver safety.”
‘The Uber Files say the company cut its tax bill by millions of dollars by sending profits through Bermuda and other tax havens, then “sought to deflect attention from its tax liabilities by helping authorities collect taxes from its drivers.”
Uber used “stealth technology” to fend off government investigations. The company, for example, used a “kill switch” that cut access to Uber servers and blocked authorities from grabbing evidence during raids in at least six countries.
Maybe UBER is a tech company and not a taxi service after all. I stand corrected
“…lobbied political leaders to relax labour and taxi laws…”
Uber was never a viable business model; someone had to lose. In addition, some of their drivers had violent criminal records putting single female riders at risk.
The Housing Market ‘Perfect Storm’ Is a Nothing Burger | Opendoor
‘Demand is a proven, durable driver, even during recessions. It’s still strong today. And given that the current housing supply is so low, prices really can’t depreciate. Home builders are losing confidence and are holding firm in their prices. And so are home sellers. We may see a brief decline in the market for a few months, but then it’ll be business as usual once again.’
‘Now, what does that mean for Opendoor? Well, it sells homes over a 90-day period and gains a 5% commission per home sale. Home depreciation is usually around 1% per month. So, after three months, it may lose 3%, but it will still sell on a 2% gross margin. Indeed, it’s still a positive gross margin business even if the pricing algorithms were terrible (and they’re not).’
but it will still sell on a 2% gross margin. Indeed, it’s still a positive gross margin business even if the pricing algorithms were terrible
So how did the geniuses at Zillow manage to lose Millions? Bad algorithms? Different business model? Much higher Corporate and field costs?
Wut????????????? Is that a paid article? I mean clearly facts don’t matter much today but dang, c’mon “in a few months business as usual”
If that’s not a “sell it all and sell it now” type of stock advice I don’t know what is.
Buy now, pay later crash: Zip skewers the Sezzle deal
The Australian|39 minutes ago
Zip Cos chairman Diane Smith-Gander ultimately made the eleventh-hour call that the cost to shareholders of pushing ahead with an ambitious US expansion through the loss-making Sezzle was far too great.
‘Twitter shares plunged Monday in the first day of trading since Elon Musk abandoned his $44 billion agreement to buy the company – and one tech industry analyst warned of a potentially disastrous long-term scenario for the embattled social media firm. Twitter’s stock sank 11% as investors reacted to the exit.’
‘Musk’s move that sets up a lengthy court battle likely to weigh on company shares for months or years to come and added to the challenges facing CEO Parag Agrawal, according to Wedbush analyst Daniel Ives.’
“For Twitter this fiasco is a nightmare scenario and will result in an Everest-like uphill climb for Parag & Co. to navigate the myriad of challenges ahead around employee turnover/morale, advertising headwinds, investor credibility around the fake account/bot issues, and host of other issues abound,” Ives said.’
Twitter also hired as deputy general counsel Jim Baker, who formerly served as the FBI’s general counsel and was central to the Russia Hoax.
Nina is another Washington DC yellow journalist.
‘Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, people familiar with the matter told Bloomberg.’
‘The company, which has more than 14,000 employees, could target an overall reduction of around 5 percent, the people said. The layoffs are still in the planning stage and nothing has been decided. Rivian has operations in California, Michigan and Illinois, where its plant operates, as well as a presence in the UK and Canada.’
‘The company is pulling back after roughly doubling its headcount over the past year to support a ramp-up in production. Rivian, which makes electric pickups and SUVs in addition to delivery vans, notched one of the biggest-ever US initial public offerings in November as it emerged as a leading challenger to market leader Tesla Inc.’
Gosh, wa happened to my money losing concept stocks?
Rivian is the Dale automotive for the 2020’s.
‘Andrew Left, founder of Citron Research and one of the world’s best known short-sellers, on Monday described cryptocurrencies as a “fraud.” Asked at a conference about fraud in financial markets where he saw potential fraud, Left told the audience: “I think crypto is just complete fraud, over and over and over.”
‘Left built up his brand as one the most prominent short-sellers, but last year announced his company would stop publishing research highlighting companies’ shortcomings and shift to writing about companies he thought might be worth buying. The move followed a backlash against Left after he said the stock of video game retailer GameStop was not worth its price.’
‘Reuters reported last December that the U.S. Department of Justice had launched an expansive criminal investigation into short selling by hedge funds and research firms, including Citron, which has denied any wrongdoing.’
From the first video:
BE SMART! Market changes bring DEALS | Orange County Market Update
Jul 11, 2022 While interest rates rise, demand has tanked and that means less competition for our buyers out there. Market changes like this provide opportunities to those who are looking for it. Buyers and sellers that need to move and can afford to do it should absolutely take this opportunity seriously. You have more inventory than all of 2021, and you are currently competing with less than half of the demand we saw last year, but there is no telling how quickly that will change… So, should you buy a house in 2022? Let’s find out…
The second:
A busy summer for numbers in Arizona
Streamed live 17 hours ago Wednesday the new CPI numbers come out and it will indicate how much stronger the central banks may need to adjust rates.
Buckle up buckeroos
https://twitter.com/NipseyHoussle/status/1546660510862479360
Ok, i shouldn’t laugh at that tweet but damn, you just can’t help but bust a gut at it.
LOL at this reply: “What should you do when you buy at the height of the market? Live in the house for a long a$$ time.”
A comment:
‘What should you do when you buy at the height of the market? Live in the house for a long a$$ time’
‘With a median home sale price of $418,000, Cape Coral saw a year-over-year inventory increase of 30% and a nearly 17% drop in pending sales. In addition, there has been a 7% decrease of homes that went off the market in two weeks in Lee County’s most populated cities. The top five housing markets cooling the fastest are San Jose, California; Sacramento, California; Oakland, California; Seattle, Washington; and Stockton, California.’
https://www.gulfshorebusiness.com/gb_daily/cape-coral-among-top-15-most-rapidly-cooling-u-s-housing-markets/
Surprised with San Diego (better weather) vs San Jose (better paychecks). Both are terribly congested, need to check the time of day before going anywhere.
‘As Uber aggressively pushed into markets around the world, the ridesharing service lobbied political leaders to relax labour and taxi laws, used a “kill switch” to thwart regulators and law enforcement, channelled money through Bermuda and other tax havens and considered portraying violence against its drivers as a way to gain public sympathy, according to a report released Sunday.’
‘The International Consortium of Investigative Journalists, a non-profit network of investigative reporters, scoured internal Uber texts, emails, invoices and other documents to deliver what it called “an unprecedented look into the ways Uber defied taxi laws and upended workers’ rights.”
‘The documents were first leaked to the Brtiish newspaper The Guardian, which shared them with the consortium. ounded in 2009, Uber sought to skirt taxi regulations and offer inexpensive transportation via a ridesharing app. The consortium’s Uber Files revealed the extraordinary lengths that the company undertook to establish itself in nearly 30 countries.’
‘The company’s lobbyists – including former aides to President Barack Obama – pressed government officials to drop their investigations, rewrite labour and taxi laws and relax background checks on drivers, the papers show.’
‘The investigation found that Uber used “stealth technology” to fend off government investigations. The company, for example, used a “kill switch” that cut access to Uber servers and blocked authorities from grabbing evidence during raids in at least six countries. During a police raid in Amsterdam, the Uber Files reported, former Uber CEO Travis Kalanick personally issued an order: “Please hit the kill switch ASAP … Access must be shut down in AMS (Amsterdam).”
‘The consortium also reported that Kalanick saw the threat of violence against Uber drivers in France by aggrieved taxi drivers as a way to gain public support. “Violence guarantee(s) success,” Kalanick texted colleagues.’
‘In a response to the consortium, Kalanick spokesman Devon Spurgeon said the former CEO “never suggested that Uber should take advantage of violence at the expense of driver safety.”
‘The Uber Files say the company cut its tax bill by millions of dollars by sending profits through Bermuda and other tax havens, then “sought to deflect attention from its tax liabilities by helping authorities collect taxes from its drivers.”
https://www.theglobeandmail.com/business/international-business/us-business/article-uber-reportedly-lobbied-used-stealth-tech-to-block-scrutiny/
Uber used “stealth technology” to fend off government investigations. The company, for example, used a “kill switch” that cut access to Uber servers and blocked authorities from grabbing evidence during raids in at least six countries.
Maybe UBER is a tech company and not a taxi service after all. I stand corrected
“…lobbied political leaders to relax labour and taxi laws…”
Uber was never a viable business model; someone had to lose. In addition, some of their drivers had violent criminal records putting single female riders at risk.
The Housing Market ‘Perfect Storm’ Is a Nothing Burger | Opendoor
‘Demand is a proven, durable driver, even during recessions. It’s still strong today. And given that the current housing supply is so low, prices really can’t depreciate. Home builders are losing confidence and are holding firm in their prices. And so are home sellers. We may see a brief decline in the market for a few months, but then it’ll be business as usual once again.’
‘Now, what does that mean for Opendoor? Well, it sells homes over a 90-day period and gains a 5% commission per home sale. Home depreciation is usually around 1% per month. So, after three months, it may lose 3%, but it will still sell on a 2% gross margin. Indeed, it’s still a positive gross margin business even if the pricing algorithms were terrible (and they’re not).’
https://www.msn.com/en-us/money/topstocks/the-housing-market-e2-80-98perfect-storm-e2-80-99-is-a-nothing-burger-opendoor/ar-AAZsNMk
but it will still sell on a 2% gross margin. Indeed, it’s still a positive gross margin business even if the pricing algorithms were terrible
So how did the geniuses at Zillow manage to lose Millions? Bad algorithms? Different business model? Much higher Corporate and field costs?
Wut????????????? Is that a paid article? I mean clearly facts don’t matter much today but dang, c’mon “in a few months business as usual”
If that’s not a “sell it all and sell it now” type of stock advice I don’t know what is.
Buy now, pay later crash: Zip skewers the Sezzle deal
The Australian|39 minutes ago
Zip Cos chairman Diane Smith-Gander ultimately made the eleventh-hour call that the cost to shareholders of pushing ahead with an ambitious US expansion through the loss-making Sezzle was far too great.
‘Twitter shares plunged Monday in the first day of trading since Elon Musk abandoned his $44 billion agreement to buy the company – and one tech industry analyst warned of a potentially disastrous long-term scenario for the embattled social media firm. Twitter’s stock sank 11% as investors reacted to the exit.’
‘Musk’s move that sets up a lengthy court battle likely to weigh on company shares for months or years to come and added to the challenges facing CEO Parag Agrawal, according to Wedbush analyst Daniel Ives.’
“For Twitter this fiasco is a nightmare scenario and will result in an Everest-like uphill climb for Parag & Co. to navigate the myriad of challenges ahead around employee turnover/morale, advertising headwinds, investor credibility around the fake account/bot issues, and host of other issues abound,” Ives said.’
https://nypost.com/2022/07/11/twitter-faces-nightmare-scenario-as-elon-musk-exit-slams-shares/
Twitter is used for intelligence-funded influence operations. See Revolver News’ Busted: Biden’s “Minster of Truth” Nina Jankowicz Participated in Secret NATO-Funded Cabal to Subvert Western Democracies Using Disinformation as Cover.
Twitter also hired as deputy general counsel Jim Baker, who formerly served as the FBI’s general counsel and was central to the Russia Hoax.
Nina is another Washington DC yellow journalist.
‘Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, people familiar with the matter told Bloomberg.’
‘The company, which has more than 14,000 employees, could target an overall reduction of around 5 percent, the people said. The layoffs are still in the planning stage and nothing has been decided. Rivian has operations in California, Michigan and Illinois, where its plant operates, as well as a presence in the UK and Canada.’
‘The company is pulling back after roughly doubling its headcount over the past year to support a ramp-up in production. Rivian, which makes electric pickups and SUVs in addition to delivery vans, notched one of the biggest-ever US initial public offerings in November as it emerged as a leading challenger to market leader Tesla Inc.’
https://www.autonews.com/manufacturing/rivian-targeting-hundreds-job-cuts-following-surge-staffing-report-says
Gosh, wa happened to my money losing concept stocks?
Rivian is the Dale automotive for the 2020’s.
‘Andrew Left, founder of Citron Research and one of the world’s best known short-sellers, on Monday described cryptocurrencies as a “fraud.” Asked at a conference about fraud in financial markets where he saw potential fraud, Left told the audience: “I think crypto is just complete fraud, over and over and over.”
‘Left built up his brand as one the most prominent short-sellers, but last year announced his company would stop publishing research highlighting companies’ shortcomings and shift to writing about companies he thought might be worth buying. The move followed a backlash against Left after he said the stock of video game retailer GameStop was not worth its price.’
‘Reuters reported last December that the U.S. Department of Justice had launched an expansive criminal investigation into short selling by hedge funds and research firms, including Citron, which has denied any wrongdoing.’
https://finance.yahoo.com/news/citrons-left-says-crypto-complete-183613359.html
Denver, CO Housing Prices Crater 12% YOY As The Wheels Fall Off Colorado Housing Market
https://www.movoto.com/co/80231/market-trends/
As one national economist explained, “The leading cause of personal bankruptcy in the US is the 15 and 30 year mortgage.”