Broke But Buildin’

East coast, crypto follower, and aspiring real estate investor just giving opinions on the market. Using this to talk through my thoughts and ideas

[Broke But Buildin’ @BrokeButBuildin]

@WatcherGuru Smart, handicap the US global competitiveness and create a new way to waste tax dollars.

[Broke But Buildin’ @BrokeButBuildin]

Don’t be a bull or bear, follow your investment strategy for opportunities. Don’t listen to the noise.

[Broke But Buildin’ @BrokeButBuildin]

@unusual_whales Probably a fair statement, don’t start fights or hurt every single global economy a once. Oh what that already happened….

[Broke But Buildin’ @BrokeButBuildin]

@Barchart Almost like a fund working how it is supposed to

[Broke But Buildin’ @BrokeButBuildin]

@FomoFutures @caprioleio Was just coming to do this hahaha

[Broke But Buildin’ @BrokeButBuildin]

@TheLongInvest @grok is what movie is this

[Broke But Buildin’ @BrokeButBuildin]

bitcoin:native looks like it is coming to a resistance point at the 100 week will be interesting to see if it can break it. Give the large upswing over the past few weeks I lean towards getting rejected off that level but the market always has a way of surprising.

[Broke But Buildin’ @BrokeButBuildin]

@EzraMag @jeremyct @grok do real estate taxes mostly go to the local government

[Ben Kizemchuk @BenKizemchuk]

Staying alert to the many cross currents last few days.

[Broke But Buildin’ @BrokeButBuildin]

@sentimentrader A random signal would work for the majority of BTC price history 😂

[Broke But Buildin’ @BrokeButBuildin]

How you read a tax bill before, those expenses are for schools, roads, water, sewer, police, fire, etc. Expense that everyone in the community shares, you are paying for the services the city and county provide. Also, assessor are pretty behind on the assessed value, just try to offer that value to a homeowner and they will laugh in your face. But for how that money is spent is definitely a discussion I can get behind and needs to be addressed.

[Broke But Buildin’ @BrokeButBuildin]

Not bearish or bullish just observing. The only carrying the market is the MAGS. Equal weight S&P, Russel, Dow are all closing in on correction territory. MAGS are now forming heavy bearish divergence on the weekly. Key to remember is be patience and wait for opportunities.

[Broke But Buildin’ @BrokeButBuildin]

@adammocklerr Congrats now it’s going to cost double to get an already unaffordable over priced salad

[Broke But Buildin’ @BrokeButBuildin]

These are general rules for underwriting income. Self-employed income is based on how much the business makes which is variable. One year could be $1m the next 0, average $500k. A 500k W2 makes the same amount year to year. The variability could cause the self employed person to miss payments because of the down years. It’s not that banks won’t lend to self employed people, they just have to make sure the income is stable year to year or at least not decreasing. Revenues and profit of a businesses goes up and down, look at the stock market but do the employees income change, not really.

[Broke But Buildin’ @BrokeButBuildin]

@antibearthesis We are only like 4% off highs that’s not a dip 😂

[Broke But Buildin’ @BrokeButBuildin]

There is a big difference between Fortune 500 entrepreneurs and a 1099 contractor 😂. I don’t disagree entrepreneurship is amazing and provides other advantages from a personal security standpoint but we are talking about it from a lending point of view. Overall, for 1099 / solo nonemployer startup only 27% survived an 8-year study period per the Census.

[Broke But Buildin’ @BrokeButBuildin]

@mrzhulee @realEstateTrent A W-2 person can be fired but the risk of self employment business failure is much higher.

[Mac10 @SuburbanDrone]

Today the S&P 100 is making a new all time high, but even within this mega cap index breadth has collapsed.

This is a 100% futures-driven algo rally.

Nothing else.

[Broke But Buildin’ @BrokeButBuildin]

@FinancialPhys Yes, compare it to an asset that is no longer correlated to the standard of living, smart