Mack Jalakoff

feel free to disagree with me

[Tyler @tylerpaul23]

Travis Hunter and his GF. Hopefully some of you understand 😂

[CHACHA™️ @ShiestyyChaa]

#heisman 😂😂😂

[LakeShowYo @LakeShowYo]

Travis Hunters’ girl after he won the Heisman

[Jon Root @JonnyRoot_]

Travis Hunter is the media’s Heisman.

Ashton Jeanty is the people’s Heisman.

[Wall Street Mav @WallStreetMav]

They are doing the meme right now.

[unusual_whales @unusual_whales]

Median networth by age decade in the US, per Empower:

20s: $7,467
30s: $35,435
40s: $126,126
50s: $290,271
60s: $446,703
70s: $371,603
80s: $345,253

[unusual_whales @unusual_whales]

A buyer on a $3,000 monthly budget can afford a $419,000 home with a 7.7% mortgage rate.

They lost $38,000 in purchasing power since last October. They could've bought a $457,000 home with a 6.6% rate.

And they could have purchased a $595,000 home with 3.5% rates in 2022.

[Car Dealership Guy @GuyDealership]

"If the strikes get settled, you're going to see the car market adjust quickly"

John Clay Wolfe, mega dealer and wholesaler of 50,000+ used cars per year, gives his perspective on the market (< 15 seconds):

[Brad Parker @bradleyaparker]

The wave of negative equity and repositions will be bigger than many have seen in their lifetime. The business perceiving and planning for the cycle well in advance will prevail. i.e refinance, remarketing, creative debt restructuring etc. Most are reactive. You can’t stop the waves so you might as well learn to ride them 🏄‍♂️

[Alex Hormozi @AlexHormozi]

Highest ROI trade in life:

All the fake friends you have for one real one that has your back even when all seems lost.

Bonus points if it’s your spouse.

[Car Dealership Guy @GuyDealership]

There is a very big misconception in the car market right now.

Let me explain.

I spoke with many car dealers over the past couple weeks.

Dealers are telling me that their Used car profits are “holding steady” in light of cooling sales.

Most dealers are still averaging $2,000-$2,500 of gross profit on each used car (not including added product sales).

This sounds very healthy and normal.

But it’s wrong and misleading.

Here’s the problem.

The lower / no-margin deals are simply not getting done, thus creating the illusion that used car profitability is normal and healthy.

Tighter lending is leading to less profitable deals (that most dealers refuse to sell), and that’s what’s really leading to cooling used car sales.

We’ve all been focused on car dealership sales volume… But what we should really be focused on is profit vulnerability.

[Car Dealership Guy @GuyDealership]

Someone asked me a super valid question.

“Why do used car dealers exist?”

Here’s how I responded:

Because most consumers don’t want to…

— Recondition used vehicles

— Bear the potential risk of unknown repairs

— Arrange financing on their own (primarily subprime folks)

— Source and vet the right warranty and insurance policies

This is why cutting-out used car dealers hasn’t happened yet.

Do you disagree?

[Alex Hormozi @AlexHormozi]

Better to be the man who has nothing and needs nothing than the man who has everything and needs more.

[Andrew Lokenauth @FluentInFinance]

Both are $2,400 per month:

2023: $450,000 finance with a 7.22% mortgage
2021: $700,000 financed with a 3.35% mortgage

Today's dollar doesn't go as far as it did yesterday

[Alex Hormozi @AlexHormozi]

The game isn’t about not losing.

It’s about not quitting when you do.

[unusual_whales @unusual_whales]

In Phoenix, investors have sold at a loss for nearly 31% of the homes they tried to flip, more than double the national rate, per Bloomberg.

[最多情報局 @tyomateee]

量子物理学者から彫刻家に転身した人物が作った作品、まるで光学迷彩みたいだ...https://t.co/rwPNQT1URY

[unusual_whales @unusual_whales]

Reported prices of Miami F1, from Reddit.

Nachos are $250.
Ice-cream is $245.

[Car Dealership Guy @GuyDealership]

Used car sales are down 17% since last year.

Here’s the thing:

Consumer demand is still pretty strong.

But affordability and supply are in the dumps.