President Joe Biden - Kamala Harris Administration

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#25,351
hog88 said:
That's what I keep telling myself but see few signs of it yet. Million dollar+ houses are still going under contract within a couple days of hitting the market.
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I don’t see anyway there is not a correction to what has happened to home prices in the last couple of years. I think when the recession comes the housing market crash will be severe. But I agree with you…at this point there doesn’t seem to be much concern about it.
 
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#25,352
DonjoVol said:
And the chip you and others have on your shoulder to continue this asinine "unskilled" worker argument is jut downright ridiculous at this point. Then only people that have the chip on their shoulders are the ones going out of their way to determine who is "unskilled". Why? Because they need a reason to see people as beneath them.
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No, it's because there are actual definitions of types of work.

Definition of unskilled labor | Dictionary.com
Unskilled Labor Definition
What is Unskilled Labor?
Unskilled labor is used to refer to a segment of the workforce associated with a limited skill set or minimal economic value for the work performed. Unskilled labor is generally characterized by a lower educational attainment, such as a high school diploma, GED or lack thereof, and typically results in smaller wages. Work that requires no specific education level or specialized experience is often available to the unskilled labor force.
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Definition of skilled labor | Dictionary.com
The Ins and Outs of Skilled Labor
What Is Skilled Labor?
Skilled labor is a segment of the workforce that has specialized know-how, training, and experience to carry out more complex physical, or mental tasks than routine job functions. Skilled labor is generally characterized by higher or specialized education, as well as expertise levels attained through training and experience, and likewise generally corresponds with higher wages. This can be contrasted with unskilled labor, which refers to individuals with a limited range of skills to use in the workplace.
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#25,353
DonjoVol said:
If they are unskilled then you and others can stop depending on them so much in your daily and weekly lives. Or maybe you can be thankful when skilled workers make food for you to enjoy.
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Do you even hear how ridiculous you sound? If there were no demand for a product or service, then the company (and all of the jobs at that company) wouldn't exist at all. That doesn't mean all jobs at that company are skilled labor. You are clueless on this subject.
 
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DonjoVol said:
Yes I saw that you worked in a restaurant before. All the more reason for you to appreciate the skills involved in working in that industry. That should also be a trait of conservatism. Appreciating the skills that every worker in this country brings to the table. But I take it you are not a conservative. So I guess you can go enjoy the democrat party and your flawed man Biden.
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They aren't skills. It's not a job that requires unique skill

Picking boxes in a warehouse is not a skill. It's a necessary task but not a skill.

I will say your leaps in logic are fascinating. Refilling water isn't a skill so I must be a Biden supporter. Brilliant
 
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#25,355
Vol423 said:
Do you even hear how ridiculous you sound? If there were no demand for a product or service, then the company (and all of the jobs at that company) wouldn't exist at all. That doesn't mean all jobs at that company are skilled labor.
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When you guys stop depending on restaurants to prepare your food for you on a regular basis then I will take you up on your offer and agree that they are less skilled jobs. Deal?
 
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#25,356
utvolpj said:
They aren't skills. It's not a job that requires unique skill

Picking boxes in a warehouse is not a skill. It's a necessary task but not a skill.

I will say your leaps in logic are fascinating. Refilling water isn't a skill so I must be a Biden supporter. Brilliant
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It sounds like you do not appreciate what skills people bring to the table. So I guess you are not a conservative. But you are also against individual choice when it comes to this vaccine. So I am not surprised with your comments on this subject either.
 
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85SugarVol said:
This is what I’m looking at - the US Housing market.

Prepare for a recession this summer, a bear market in real estate and a drop in stock prices, warns strategist David Rosenberg







Real Estate has been super hot here in the last 4-5 years. It has to come back down at some point.
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David is, by default, bearish and contrarian. Those philosophies do not mean he is wrong. It means he is wired to go against the trend and to see recessionary signs everywhere.
Timing the market, whether it be stocks or real estate, is impossible over the long term. Timing and predicting is what Rosenberg is doing. In his defense, he HAS to do that since he started a consulting firm in 2020.

If you're interested in real estate, prepare for the buying opportunity which will inevitably come...we just do not know when. If you're interested in maximizing cash out of your home, your guess is as good as anyone's (including Rosenberg).
 
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McDad said:
David is, by default, bearish and contrarian. Those philosophies do not mean he is wrong. It means he is wired to go against the trend and to see recessionary signs everywhere.
Timing the market, whether it be stocks or real estate, is impossible over the long term. Timing and predicting is what Rosenberg is doing. In his defense, he HAS to do that since he started a consulting firm in 2020.

If you're interested in real estate, prepare for the buying opportunity which will inevitably come...we just do not know when. If you're interested in maximizing cash out of your home, your guess is as good as anyone's (including Rosenberg).
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For sure.

I am ready for the next buying opportunity. Been sitting on allocated capital for 3 years now with nothing to (reasonably) deploy it on.

Moved a lot of fixed income to cash few months back too.

Now I’m just waiting. It’s coming.
 
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#25,360
DonjoVol said:
It sounds like you do not appreciate what skills people bring to the table. So I guess you are not a conservative. But you are also against individual choice when it comes to this vaccine. So I am not surprised with your comments on this subject either.
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No I'm just honest about what kind of job takes skill. Going to a location, counting the correct number of boxes and placing them on a pallet is not a skill. Especially when the system does all the work besides counting the boxes and it still gets messed up hourly. Maybe counting to 10 is the skill you're talking about?

Plugging holes in a warehouse system so your "skilled" labor can't break it is a skill.
 
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#25,361
DonjoVol said:
When you guys stop depending on restaurants to prepare your food for you on a regular basis then I will take you up on your offer and agree that they are less skilled jobs. Deal?
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The classification of skilled and unskilled doesn't change based on the altered behavior of restaurant patrons. it also doesn't change based on an agreement between you and others.
 
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#25,362
McDad said:
The classification of skilled and unskilled doesn't change based on the altered behavior of restaurant patrons. it also doesn't change based on an agreement between you and others.
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It sure does. Me and others are free to think anyone way we want about this.

Better get busy campaigning for your man Joe for 2024.
 
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#25,363
85SugarVol said:
For sure.

I am ready for the next buying opportunity. Been sitting on allocated capital for 3 years now with nothing to (reasonably) deploy it on.

Moved a lot of fixed income to cash few months back too.

Now I’m just waiting. It’s coming.
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Are you eyeing multi family, singles, commercial, raw land?
 
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#25,364
DonjoVol said:
When you guys stop depending on restaurants to prepare your food for you on a regular basis then I will take you up on your offer and agree that they are less skilled jobs. Deal?
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I worked restaurant jobs growing up. Dishwasher to GM, and everything in between. It’s not a demanding industry in terms of required skill sets.
 
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#25,367
McDad said:
Are you eyeing multi family, singles, commercial, raw land?
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I mostly look at low end residential. Prefer the bang for the buck that duplex properties provide.

The margins are great. Does come with the associated headaches - which is why I employ a management firm lol.
 
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#25,369
85SugarVol said:
I worked restaurant jobs growing up. Dishwasher to GM, and everything in between. It’s not a demanding industry in terms of required skill sets.
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It's an industry that in demand. Why? Too many people in our society depend on them daily and weekly.

Dishwashers are a position that isn't hired much anymore. Those are usually additional tasks required of skilled servers and skilled cooks.
 
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#25,371
85SugarVol said:
I mostly look at low end residential. Prefer the bang for the buck that duplex properties provide.

The margins are great. Does come with the associated headaches - which is why I employ a management firm lol.
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Have you ever explored trailers or manufactured homes?
 
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#25,372
DonjoVol said:
It's an industry that in demand. Why? Too many people in our society depend on them daily and weekly.

Dishwashers are a position that isn't hired much anymore. Those are usually additional tasks required of skilled servers and skilled cooks.
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I guarantee you they still are employing dishwashers in high volume strategies.
 
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#25,373
McDad said:
I agree. You are free to think. And, as you've demonstrated, you are free to think wrongly.

Your thinking doesn't change the classification, either.
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Oh yeah. You're the one who said he is okay with the flawed president we have now. Better get busy campaigning and convincing these unskilled workers why they should vote for your man instead of Trump. Right now Trump has large support from many in the working class.

They are skilled workers as you and others depend on them in order to live your daily and weekly lives. Maybe you should have more respect for other people.
 
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#25,375
McDad said:
Have you ever explored trailers or manufactured homes?
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Eureka!!!

I drive past a trailer park on the way to work. Who owns the land? What are the costs? What are the margins?

I’ve been thinking about it a lot. I know next to nothing about it.

Do you?
 
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