"Inflation is coming down"

[RCA]

Under the pretext of selling all of his personal homes:

https://www.wsj.com/articles/elon-musk-has-sold-seven-homes-for-nearly-130-million-after-vowing-to-own-no-house-11646927878

 

[Fernando]

Under the pretext of selling all of his personal homes:

https://www.wsj.com/articles/elon-musk-has-sold-seven-homes-for-nearly-130-million-after-vowing-to-own-no-house-11646927878

Not too smart. If he had held his many homes, he would have more equity money today.

 

[Fernando]

MSN

Rich did very well last few years despite inflation having their money in stocks, real estate, and gold.
Thus, inflation is not a major concern for them. Rather it helped increased their wealth.

 

[Elliott]

Trump/Biden Inflation Record:

 

[Fernando]

Trump/Biden Inflation Record:

View attachment 88496

As a landlord, I like it when rents go up. I was able to raise my residential rents past few years. Blame it on inflation.

 

[Terrel L. Shields]

Blame it on inflation.

No matter how much it hurts people whose wages didn't go up or they lost their jobs. That's why so many people are living on the streets or in their cars. And the trend now is huge numbers of people are living in vans and RVs to reduce the cost of housing.

 

[RCA]

Not too smart. If he had held his many homes, he would have more equity money today.

Who is not "too smart?"

Most deaths and damages from 7.8 magnitude earthquake in CA revealed

Scientists warn that the next major earthquake to hit California is likely to occur near Los Angeles - displacing 270,000 people and causing 1,800 deaths. The magnitude will likely exceed 6.5.

www.dailymail.co.uk

Actually, since Elon's business depends very much on his factories being in good condition, as well as his many employees, he may have made a very good decision. He would keep property and employees in California only as much as necessary.

HOWEVER, yes, of course, companies can reinforce their buildings to make them resistant to earthquakes. The real problem is that many other homes, buildings and other structures such as bridges, have not been adequately reinforced, and a large earthquake could very well lead to catastrophic destruction of much of California's infrastructure, impacting transportation in particular. A 7.0+ or especially a 7.5+ earthquake would likely disrupt transportation, communications and power for large areas of California for many years. That could kill a company that is completely dependent on the incompetence of the Democrats in Sacramento and local governments.

 

[Fernando]

Who is not "too smart?"

Most deaths and damages from 7.8 magnitude earthquake in CA revealed

Scientists warn that the next major earthquake to hit California is likely to occur near Los Angeles - displacing 270,000 people and causing 1,800 deaths. The magnitude will likely exceed 6.5.

www.dailymail.co.uk

Actually, since Elon's business depends very much on his factories being in good condition, as well as his many employees, he may have made a very good decision. He would keep property and employees in California only as much as necessary.

HOWEVER, yes, of course, companies can reinforce their buildings to make them resistant to earthquakes. The real problem is that many other homes, buildings and other structures such as bridges, have not been adequately reinforced, and a large earthquake could very well lead to catastrophic destruction of much of California's infrastructure, impacting transportation in particular. A 7.0+ or especially a 7.5+ earthquake would likely disrupt transportation, communications and power for large areas of California for many years. That could kill a company that is completely dependent on the incompetence of the Democrats in Sacramento and local governments.

If I listened to all the fear stories of major earthquake coming to devastate CA, I wouldn't have invested in CA real estate.
I believe the major one hit SF back in 1989 (last one was 1907) so the next one will more likely happen another 80 years.
I saw the destruction done in 1989 and many homes were still standing. I did kept a log of homes that were damaged or minor damaged for appraisal sake and potential investing but don't know what happened to it.
I would worry more of hurricanes and tornadoes that always happen every year in Mid and Southern states.

 

[Fernando]

Who is not "too smart?"

Musk not very smart in real estate. We did he buy so many homes and not live there?
Oracle Ellison bought Hawaiin properties even an island. I heard Zuckerberg bought property in Hawaii.
Bezos bought a piece of property in Maui. I know where it's at having been near there and it ain't a good location for a mansion. Rather isolated and dreary.

Most deaths and damages from 7.8 magnitude earthquake in CA revealed

Scientists warn that the next major earthquake to hit California is likely to occur near Los Angeles - displacing 270,000 people and causing 1,800 deaths. The magnitude will likely exceed 6.5.

www.dailymail.co.uk

Actually, since Elon's business depends very much on his factories being in good condition, as well as his many employees, he may have made a very good decision. He would keep property and employees in California only as much as necessary.

HOWEVER, yes, of course, companies can reinforce their buildings to make them resistant to earthquakes. The real problem is that many other homes, buildings and other structures such as bridges, have not been adequately reinforced, and a large earthquake could very well lead to catastrophic destruction of much of California's infrastructure, impacting transportation in particular. A 7.0+ or especially a 7.5+ earthquake would likely disrupt transportation, communications and power for large areas of California for many years. That could kill a company that is completely dependent on the incompetence of the Democrats in Sacramento and local governments.

 

[Tom D]

did the calif poor actually think that raising to $20 minimum wage would get them more buying power. well, the progressive make them believe so, so vote for us then.
"Five Guys prices are out of control," the user exclaimed alongside the Reddit-sourced image. "$24 for one person." The bill detailed a $12.49 charge for a bacon cheeseburger with ketchup and mustard, a regular soda at $2.89, and a small fry costing $5.19. After-tax and tip, the grand total hit $24.10.

fern, you insurance doesn't cover earthquakes. think about adding that on, might not be that $ bad and for sure, you to stay wealthy after one hits.