Rex Kramer

Disingenuous, smarmy and probably fat and poor is no way to go through life

For a private equity investment fund disconnected from systemic risk? I’ve seen literally thousands fail in the last 10 years. None requested any capital from the government, much less received any. It’s just a lazy, generic critique that gets thrown around a lot, and 99% of the time, the critique is applied to situations that are apples to the Great Recession’s oranges.

A guess? Wrong? Post it. Regardless, nice red herring to avoid addressing my statement.

Explain how this would work

Yes. Guess you had some other point. It’s odd that anything about what I posted would be considered a flex. Flexing on a message board where nobody except one guy knows me.

I mean there was a fucking debate here about how it was inappropriate for Israel to have taken out Iranian officials in Lebanon or Syria after 10/7. Posters here claimed Iran was justified in sending missiles and drones to Israel in a futile wasted “show of force”. Pointing out that posters here go out of their way to demonize Israel and justify the actions of terrible regimes is not a straw man.

Exactly as I suspected, you got nothing.

Yeah. But it’s not a vacation home market, and Airbnb isn’t going to drive skewing numbers to 26%. I have zero love for Blackrock, for many reasons. But I’m not sure how this is the case. They had nothing to do with ‘08 as far as I can remember. They’re a PE firm. Im also not sure people remember how much money taxpayers made (and not lost) through the TARP programs from ‘08-‘11. Okay, well, I’m just telling you security deposits are actually very much a thing. Also my situation is topical on the insane discrepancy between owning and leasing and how people set money on fire. My home had a burst pipe. We are in a 6-month rental. Insurance pays $18.5k per month. We have a $10k security deposit and it’s the only thing I’ve come out of pocket. My mortgage is 1/3 of the monthly lease my insurance company is paying. My isolated case is unique in that I’m only leasing for 6 months and the homeowner was able to jack up the monthly lease from $12k to $18.5k because it’s not a 12-month lease.

You’re talking about commercial bank debt, and not mortgages, correct?

I understand that. I did use 2.75%, as it was pretty much a low, but have been careful to say “rates” and not “mortgage rates”. Up until about 18 months ago, entities had been able to probably accumulate massive portfolios at about a 5-6% cost of capital, and that was probably significantly lower if they were borrowing off of margin or some capital call facility. I do think there have been wealthy individuals / family offices that ultimately obtained first lien conforming or jumbo mortgages at lower rates. I know a guy in New York who owns about 75 homes I’d say specifically in Austin through a family LLC. I’ll ask him how he’s financed these purchases, but I do know they’re all lowly levered (relative to most other homeowners). Like probably not more than 50% LTV even at time of purchase.

It’s not.

It doesn’t necessarily mean that at all. There are many factors. First, supply of homes. Second, the quantity of homes a company buys versus the one-home family will skew the percentages. Third, if a prospective working class homeowner is priced out of central Fort Worth but buys in Mansfield. Your last sentence doesn’t explain anything pertinent to the article. Fort Worth has no vacation home market.

It wasn't an issue because we could afford to leave someone unguarded on the perimeter - namely giddy. Against Boston we can't leave anyone alone. I hope you're right though. Hope I am too. All teams get cold. Most for large stretches of every game. I fully expect we will lose 1-2 games solely due to hot shooting. That’s fine. Kidd, Luka and Ky are master orchestrators of runs. Knowing when to stay cool when the other team is hot, knowing how to conserve energy, and knowing when to strike. And they throw fucking daggers.

No, I don't need to explain that at all. Investors pour money into a vast array of shit. You know that. How do you know the “bulk” of the population is less willing or able to buy a good home? Last I checked, one home is sufficient for a family. If you’re building a portfolio, you’ll buy more than one home. Im not going to rehash arguments made about a big segment getting priced out by lower rates. This is 95%+ attributable to interest rates.

I’ve not been speaking gibberish. I’ve been very clear. Sounds like you’ve totally changed your mind on rates. If you don’t know why a 2.75% mortgage rate might lead to outsized investment in that space by those that can afford multiple homes, relative to individuals, I’m not sure you’re capable of having this conversation.

It’s not that Surly shouldn’t be your barometer. Whatever is deemed bad by Surly is generally a sensible practice. I know many people that have done the same with their kids.

It’s like watching terrorists die. I don’t get anything out of those videos other that a sliver of satisfaction there is one fewer in the world. They all need to be terminated.

I could be off on when gas will increase, but I never made a prediction. What I stated were just facts. I guess you find facts funny

Well why don’t you start by telling me exactly how this multi-decade trend is changing. Further, I already explained it to you. At first you didn’t like the explanation and argued with me. Then you didn’t respond and bat signaled your CR buds to call me illiterate because I’ve the audacity to call a spade a spade: the reason is rates. The wealth gap shoehorn doesn’t fit here.

Now. I get $10k back if I spend a little money to clean up after myself when I move out later this month.

The trend isn’t “changing” and it doesn’t signal a deeper problem. This is the unintended consequences of lower rates and doesn’t really harm anyone long term.

I'm not anti gafford one but, Im a huge fan. I just see he can't defend the perimeter. The issue is more than KP getting hot and hitting a bunch of 3s. Our defense is predicated on the perimeter guys funneling their players to the paint. That's where gafford and lively reside. Go back to any game the last two months and watch us get set up on defense- gaff And lively float there until their man comes to them. But they're not going to be there if they're guarding the three-point line which we have to against Boston. It wasn’t really a big deal against OKC and it wasn’t at all against Minn. I’m just not concerned about that.

What’s so funny @StassneyHorn

I don’t presently see it with lob city and Luka and Kyrie taking it to the hole.

Getting to the rim like Shai and Ant did? We are fine. We have no glaring mismatches offensively or defensively. Boston has a very good starting lineup and we will be tested. They are long, athletic and can shoot. If they beat us, it won’t be because they exploited some obvious hole. Kidd is coaching a hell of a playoffs run. He has really come into his own.