vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Here's how I think about money. There are only 3 categories / contexts (buckets) that my earned money falls into. Savings is my emergency fund. I keep 6 months of total expenses (expenses are anything in the consumption bucket). You can be as detailed as you want with this area but I tend to leave a fudge factor. In other words, if I estimate that I spend approximately $3,000 a month in consumption dollars then I'll save $3,500 times 6 in the bank. This money needs to be liquid. Some people use a HELOC, other people use their ROTH contributions. In any case, you need to put this money some place you can get access to it in case you go from accumulation (income exceed expenses) to decumulation mode (expenses exceed income). This money is distinct from consumption which I will cover in paragraph three. Investments are stocks, bonds, income producing real estate, small businesses, etc. These dollars require a strategy. The strategy can include some form of asset allocation but more importantly a timeline. These are the dollars that are working for you. Each dollar placed here will multiply over time. Once you put a dollar here it shouldn't be taken out unless there is some sort of catastrophe that your savings can't handle or your timeline has been achieved. Notice that rental real estate is included so liquidating stocks to purchase rental real estate is NOT considered removing investment dollars. Just reallocating based on your asset allocation. This bucket includes 401k's, IRAs, all tax-sheltered accounts, non-sheltered brokerage accounts, and rental real estate. In general your primary residence is not included in this bucket. Some people include the equity of their primary residence in the investment column but it can complicate the equation and I prefer to leave it out. The consumption bucket is the most important bucket and the one you spend the most time with. It requires a budget. This includes your $5 magazine and your $200 bottle of wine. Anything in this bucket is gone. You can recover a portion of it by selling it on ebay for $3 (these are earned dollars) but the original $5 is still considered spent.
All of this makes perfect sense and I can definitely see the logic behind it.  But I don't think Hedge Funds are the way to go. The real money lies in real estate, more specifically land-banking. The problem, though, is that a lot of land-banking investments are really just scams and it's really hard to tell which ones are real and which ones are fake.
The only thing the book advises to do is to start an LLC that invests in real estate, then deduct everything you do as a business expense related to investing in real estate. Going on a vacation to Hawaii?  Deduct it, you were checking out real estate.  And so on and so forth.
I get Goldman allowing a yacht as collateral, at that size it's basically real estate. But an Andy Warhol? Fine art prices are so subjective and manipulated, it seems ridiculous to think that a company would allow it as collateral against a loan.
"Real estate ownership doesn't work the same way in China as it does in the West. Some significant difference I see:   * China doesn't have property tax, so empty apartments are treated as assets by individuals, no tax liability.  * A lot of people buy 2nd/3rd home and not rent them out. Their purpose feels more like buying preferred stock - ownership with expectation of neighborhood (~company) would prosper, but no direct contribution to the neighborhood (~no voting in the company) * Local governments raise funds by developing landing into real estate.  * Local government would collectivize old real estate for redevelopment, usually at some reasonable rate (tho less equitable in some ""corrupt"" areas) * Ownership is not permanent. It is on paper 50-70 years depending on the place.   Not saying there aren't problems with this system, just that signals that would cause US real estate to collapse might not do the same for China. I do want to see someone run some social behavioral model about how those differences would play out.   Source: my family owns 2 apartments in a 2nd-tier Chinese city."
"This, oddly enough, reassures me.  With all the American debt, dollars in reserves, and now American real estate that China owns, the US is the one true ""too big to fail"" institution as far as China is concerned.  Like they say: if I owe you a million dollars, I have a problem; if I owe you a trillion dollars, **YOU have a problem**."
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It is a fantastic site.  I am a little disappointed they aren't staying private, building up their client base, and then make an attempt to take over the MLS/Realtor mafia.       They have an opportunity to Uber the real estate market.
"Least affected would be crypto, I own some, but be reasonable.  There is risk in owning anything, crypto included.  Cheaper Midwest real estate is also a winner; I'd aim for lower end.  Imo, ""rich"" assets like Manhatten would get hurt if central banks do a big pullback but nothing is guaranteed, likely to have a new dove at fed in 2018."
I don't see any incentive for the agent to do this. I don't think it's a useful argument.
&gt; I get Goldman allowing a yacht as collateral, at that size it's basically real estate. But an Andy Warhol? Fine art prices are so subjective and manipulated, it seems ridiculous to think that a company would allow it as collateral against a loan.   Lol, a painting ages far far better than a Yacht.
Look. Here's a graph of the S&P 500. It's up 1200% since the start of the 70's, our late recession notwithstanding. You're not going to get that kind of return on bonds or commodities or savings accounts. (Maybe real estate stands a chance, if your real estate wasn't in, say, Detroit. It's not as easy to diversify real estate...) People in their 20's who have plenty of time before they need to spend their retirement money invest in the stock market exactly because they're long-term and can withstand these dips just by waiting them out, and earn a ton of money. People approaching their 60's transition their portfolio to bonds so that a market crash won't wipe them out.
"I recently went full time self employed after doing photography on the side for several years.  One of the types I do is real estate photography, but it's tough doing it alone so I signed up to freelance with a company that basically brokers out jobs in the area.  They cover close to 70% of the market share so they're big.  I now get ten times the work I used to, for less money but the volume and the fact I no longer edit make up for it. However, they made me sign a non compete that says I cannot shoot real estate photography for two years after I leave them.  I've always thought that I'd really like to see how enforceable that is since I did real estate for two years before them, they didn't teach me anything new, so what gives them the right to tell me I can't continue doing what I already did just because I'm no longer with them?  What kind of bullshit, un-American crap is that?  The jokes on them, though, as they apparently don't read their own stuff very well. They told me I'd be allowed to still shoot independently with the agents I worked with prior to freelancing for them if I just wrote them in at the bottom of the non compete so they'd have it for their records. So I did; I specifically named the the big offices I wanted to keep working with (that didn't already use the company I was going to be working with) and also put another line that said ""and all current, former, and future clients of my business, xyzabc photography"" and they signed off on it and returned a copy to me.   Still, the fact that they think they have the right to limit me from doing a career that I already did and received no training from them is so asinine and ridiculous."
"&gt; The long-run goal is to eliminate poverty through wealth creation. If that makes for some weird new social interactions, I'd say that's a reasonable cost. Yes, I agree but there's a problem if we ""allow"" income inequality to become so rampant it causes macro-geopolitical issues. I'm not sure how that would be solved, it seems almost inherent in a captalistic model. I suppose mitigating rent seeking in favour of actual wealth creation and spreading meritocracy in proportion rather than exponentiality might be a start. The current wave of green energy, climate change and focus on health might be an indirect mitigating factor to this. Perhaps the limitation of land is the *real* issue. Space colonization would be an interesting scenario but there's likely a lot of time before that happens. &gt; I mention comparing to earlier periods simply as a measure of progress to determine whether or not there is a problem that needs correction, such as a specific group in society experiencing real wage stagnation, or truly anemic growth rates relative to earlier periods. It's the slope of the trend line for each group that I'd be worried about, where linear or exponential is good, and logarithmic should indicate a potential crisis. That actually makes sense. &gt; Ultimately, I believe that it's not a persons absolute circumstances that matter, but the rate at which those circumstances are improving throughout their lives that most strongly affects their subjective well-being (but that's just my theory). I have not read enough in both economics or human psychology to really have an opinion on this but so far, I would lean towards an agreement. &gt; As for real estate costs, you're absolutely correct that this is a problem, but it's as easily explainable problem. Supply is artificially constrained in most of the US due to the need for explicit government permission (in the form of building permits and zoning laws) in order to build new units. Basic economics says that when supply is artificially restricted, prices will rise. I'm on the fence on this issue because real estate is based on rent seeking and promotion of debt slavery.
"Bravo!!! Too bad if a few big, slow, ancient fund managers, who can barely anticipate what day it is, much less when to make a move, can't keep up, wahhh. They have had enough cake. The world will be a VERY different place financially in 20 years and that's life. Look, it's all pretty simple and it works like this: When stocks are UP, buy real estate (NOW). When real estate is UP, buy stock (this is what you do next). Anyone who says different is probably still using credit.  ""Everyday I'm hustlin"" -R. Ross"
I saw this 9 days ago, then saw this on shark tank a few days ago.   Shark Tank - Worst Pitch Ever #3 - Tycoon Real Estate https://www.youtube.com/watch?v=eP7BWMLHjOk   Googled Tycoon, and it looks like they sold out. Anyways, thought I'd share.  upequity
Two things come to mind: a conservation easement has been mentioned already and I think you might also want to look into a timber REIT (Real Estate Investment Trust). REITS are odd beasts, to be sure and the tax situation can be convoluted but it might meet your needs.
"In a hot market, aka a ""sellers market"", rates are low, money readily available, housing inventory low, and demand high. It's not rocket science, and in fact, the only thing the buyer is likely to need from his agent is advice on price. Is it possible the fair price attracts a buyer on day one? Sure. But it's far more likely the house should have been listed higher. Perhaps a lot higher.  (Disclosure - I am an agent) I'd rather set a price too high, and agree with the seller that we have room to go down, than to sell on day one at a low price, wondering how much money I just lost my client.  Even if an offer came at asking price on the first day, in a hot market, the right answer is ""we are entertaining a number of offers, please confirm your best and final by next Friday."""
Since you are in college, there must be a resume clinic somewhere on campus?  I would remove the restaurant and golf course job, since you already have the real estate position on there. Do you have any school projects? You can add those.
A local here owned multiple real estate and simply filed much less on his taxes.  54 months in prison.  Wesley Snipes went to prison for tax evasion.  These people did tax evasion and welfare scam.  I say 5-6 years if guilty.  A lot of comments say they're rich and connected.  I didn't see the connected part but still.  One thing you never ever do is steal from the US Government.  https://www.justice.gov/archive/usao/mn/damianisentenced.html
Great.  First foreign investors bought commercial real estate, and no one said a thing.  Then, they bought up residential real estate en mass; and we didn't flinch until it was too late.  And.............now they are buying farms????  Holy crap, the conspiracies are coming to fruition.  America is really being ripped apart from within.    Or, I could be wrong.    Anyhow, this all has one group of losers; the American people.
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You won't be, right after purchase Eddie Lampert asked himself nervously back in the day if he made a mistake buying Sears and he was right back then for the last time.  The merger with Kmart was like two sinking ships ramming each other to stay afloat longer, although I think Kmart was the bigger dud at the time.  All I think he's trying to keep it afloat anymore is so he doesn't flood the real estate side of the business with too much empty commercial real estate at once.  This is his only way to get back even just a fraction of his investment.  Sears took its last gasp the moment it sold Craftsman.  Now, they're just keeping the body warm and wheeling it around hoping no one will notice.
"Private equity firms have a unique structure: The general partners (GP's) of the firm create funds and manage the investments of those funds.  Limited partners (LP's) contribute the capital to the funds, pay fees to the GP's, and then make money when the funds' assets grow. I believe the article is saying that ultra high net worth individuals participate in the real estate market by hiring someone to act as a general partner and manage the real estate assets.  They and their friends contribute the cash and get shares in the resulting fund. Usually this GP/LP structure is used when the funds purchase or invest in private companies, which is why it is referred to as ""private equity structure,"" but the same structure can be used to purchase and manage pools of real estate or any other investment asset."
"&gt; Asset prices are high and not matched by real world performance.  See, I know a lot of people are saying this, but I'm not entirely sure this is true. Even if some tech stocks are ""artificially"" boosting the market to crazy levels, can you say it's not warranted? The potential for many are far beyond what we see today. I don't see the current tech stock boom being unable to fulfill like the 1990s boom, and subsequent bust. The infrastructure and logistics weren't there in 1999. They are now.  Beyond tech, businesses are doing pretty well. Up and down, earnings reports are looking good. Stocks are high, but still somewhat based on real numbers. Same could be said for real estate. The demand is real, the prices are high, but it's based on demand.  The danger is what we're missing, just like in 2008. Chances are, there is a fiction out there. Maybe the fiction is in these tech stocks. Maybe it is on mortgages again. I'm not seeing it. There were people prior to 2008 sounding alarm bells about the real estate market. I haven't seen the equivalent today. In fact, I've seen more people trying to figure out how the heck the next correction will come, and nobody really can answer it. At this rate, there might not be a ""built in"" cause, and might come externally like Trump going nuts and launching nukes, or another terrorist attack."
Wolfson/Cutler Real Estate distinguishes itself from other real estate companies in the area with a rich heritage of serving ALL the real estate needs of our valued customers in Medford, Malden and all the surrounding communities for over 65 years. We have satisfied thousands of customers, whether they be buyers or sellers.
Samuel Strauch received a B.A. from Hofstra University and received degrees from Erasmus University in Rotterdam and Harvard University. His first interest was to pursue a career in banking but joined his family’s real estate business. After working as a banker, he decided to join his family’s South Florida real estate business.
You missed my point. Unless the iWatch is the only device saving me from impending death, the odds that I (a idevice addict) will ditch my grandfathers memories are extremely small.   The wrist for some people is no-go real estate exactly for that reason.
I have a $2500 Roth IRA that I set up 40 years ago...it is worth about $2600. I keep it around for this exact talking point.  Compound interest at .1% is outstripped by inflation.  I have put away $18k a year in a 401 for 30 years now. It is worth just under $800k.  The bankers took the excess with their 2% fee and the GFC.  Its all in Vanguard now  I cleared +$5m in medium and high end residential real estate in the same period.  The first 18 years was sleeping on floors and having cardboard boxes as furniture.   Sad really.
&gt; As for real estate costs, you're absolutely correct that this is a problem, but it's as easily explainable problem. Supply is artificially constrained in most of the US due to the need for explicit government permission (in the form of building permits and zoning laws) in order to build new units. Basic economics says that when supply is artificially restricted, prices will rise. I'm on the fence on this issue because real estate is based on rent seeking and promotion of debt slavery. While I won't argue against the principle of government restriction -&gt; higher prices, what exactly keeps private interests from raising living cost as high as it can? Even in the developed world people spend as much as half of their income on rent / mortgage alone. Other than competition of course but in a high competitive area the incentive is to eat up market share. The laws of accumulation would then argue that in the end a few, large institutions would own the majority of residential homes and living apartments. They can now set their own prices and that will, in effect, be as bad as government regulation."
"I'm not going to go guilting you about how I haven't had a vacation in 4 years, I've just had a completely different experience that makes me wonder how you've gotten screwed so many times. Right after relocation, I was renting cars because mine hadn't been shipped yet. I show up at the DFW Avis counter, and trade my Camry in for my new ""standard sedan (Camry or Altima)."" Turns out, the Camry and the Altima have VASTLY different trims even though you pay the same for them. When I took the Altima back, I told the nice young lady behind the counter ""if I have to drive another Altima for a week, I'm going to blow my brains out, possibly IN the Altima."" Instant upgrade to the Charger. Ever since, I've never missed with a policy of simply being nice to the agent. Agent: Alright sir, your car is in space G15. Me: I just have to ask, is G15 an Altima? Agent: It's in the Camry/Altima class. Me: But is it an Altima? Because I want to save myself the time and effort of walking to the spot, seeing that it's an Altima, and then walking back here to pay the difference to get something else. Agent: It's an Altima... *types furiously*... Ok sir, I put you in D2 at no charge, I think you'll find it's not an Altima. (Another Charger) Same situation landing in Sacramento, ""hey do you guys have a convertible available? It's Cali after all... I'll pay the difference."" Free convertible upgrade. Now, if you're driving an hour outside of DFW, it sounds like maybe you go to some out of the way places, and when you fly into Podunk Hollow they might only have one convertible in the whole place. But there's no way you book a sports car at DFW and wind up in a Kia. Also, who flies in with 3 kids in tow and needs specifically a Tahoe?
"There are services, usually associated with real estate agents, that provide apartment search services for relocating professionals. I was very underimpressed when I was offered the use of such a service and did better on my own, but I did have the company paying for a hotel room while I searched so I had time to investigate alternative channels -- and in fact found and took a place being offered by a co-worker's father. But if you're really looking for ""a room"" in a shared living situation, and you aren't already on campus talking to other students, I agree that the school's housing office, or the dorms and/or fraternity houses and/or independent living groups are your best bet.  In a college town most roommate openings get snapped up pretty quickly and are more likely to go to someone who is a known or vouched-for quantity."
Absolutely. I actually spoke with a man from LeBatts brewery about this story, he told me that it it was sheer luck that other breweries didn't end up using the combination of a specific clarifying agent and foaming agent which caused the snottiness.  The rest of the brewing industry was also cost-cutting but through a combination of bad luck, not knowing when to stop, and a lack of testing, it was Schlitz that became a textbook example of what not to do. Today most new/changed products use test marketing to prevent this sort of nationwide debacle.
"&gt; Sweden is on the verge of a housing bubble   So now we are not taking about economy, but real estate?   I am think you might be getting tax policy confused with real estate stability. After all, your [Bahamas](https://www.globalpropertyguide.com/Caribbean/Bahamas/Price-History) is not exactly real estate stable right now.  Look, I get the fact you don't like taxes. If I were to guess, you are living at the edge of your budget and really feel those income taxes. You are angry, and think this ""liberal agenda"" is what is holding you back.   The problem is that the opposite holds true. It is no coincidence that many liberal countries do well economically. When people's basic needs are taken care of, they have much more freedom to create and innovate.   And they opposite is true too. Kansas just underwent a huge tax experiment, and had one of the biggest, business friendly, tax cuts in recent history. Instead of spring growth, it actually hurt the economy. They weren't from a hundred million surplus in their budget to an almost $2B defecit overnight. The economy didn't explode either, it lagged.   Meanwhile, it's close but more liberal neighbor Missouri faired better even though they didn't change their tax policy. What is the difference? People tend to do better when they know their basic needs are going to be covered.  I would recommend you take some time to actually go visit these countries that you look down on for their stringent tax policy. Go talk to their people - *in* their country. I think you are forming opinions based on our experiences, which don't exactly reflect all experiences."