WerM

Investor

[WerM @Wern_Ma]

@TripleNetTyler I suspect 50% of the market is cash buyers.

[WerM @Wern_Ma]

@BowTiedBroke In addition, you have to have an understanding of tax treatment for second homes. GA & NC have rather favorable real estate tax treatment. SC will tax a second home many multiples higher than a primary residence.

[WerM @Wern_Ma]

@Melt_Dem This will be difficult without an ISDA…

[WerM @Wern_Ma]

@Breedlove22 What research peptide company are you affiliated with?

[WerM @Wern_Ma]

@onepeloton sent you a DM yesterday. I am still only seeing one day available for delivery.

[WerM @Wern_Ma]

Hey @onepeloton, I own a bike, tread and row. I just went online and purchased a second tread. You only gave me one delivery date which didn’t work for me. I reached out to customer service and they told me that date is the only one available.

[WerM @Wern_Ma]

Customer service then told me that my only option is to cancel or magically make myself available to accept delivery. I can’t believe you would rather refund me $3,000 then delivery a treadmill. This doesn’t seem like the service I would expect from a luxury item.

[WerM @Wern_Ma]

@MadThunderdome

[WerM @Wern_Ma]

@MadThunderdome

[WerM @Wern_Ma]

@NorthRockLP

[WerM @Wern_Ma]

@dylanleclair Not enough liquidity in JGB's for anything of significance. Govt bonds are amazing collateral and easiest to deliver. Not sure anyone would deliver a long duration bond or an off-the-run bond. On-the-run bonds are all that matter.

[WerM @Wern_Ma]

@MadThunderdome Correct. Mortgage CPR has already adjusted. Interesting to look at ARM data. ARM’s have become a much larger part of mortgage market by dollar volume. Probably much higher than 2006-2008 but still super small. Car payments and unsecured consumer lending will be interesting

[WerM @Wern_Ma]

@MadThunderdome Layer this on higher mortgage/rent and car payments…

[WerM @Wern_Ma]

@MadThunderdome Any thoughts on what happens to consumer when student loan payments resume?

[WerM @Wern_Ma]

@dylanleclair

[WerM @Wern_Ma]

@dylanleclair maybe take a look @ El Salvador debt - here is a 2025 maturity...

[WerM @Wern_Ma]

@dylanleclair Not the best example because this is a closed end fund that has historically traded at a ~10% discount to NAV.

[WerM @Wern_Ma]

@dylanleclair You are looking at seniors. Take a look at sub debt protection levels for more spice.

[WerM @Wern_Ma]

@twobitidiot Why wouldn’t a 20 something work 60-80 hrs a week?