Recent comments in /f/wallstreetbets

DogeAutist t1_ja5k25u wrote

Everyone in the household works. It's not a theory. I see it daily. And if one or two lose job the family gets replaced or the throw another in the living room.

Nowhere to put a manufactured homes (where I'm at anyways)and even then you have to rent the land and that goes up annually as well.

Also, most these people work in a variation of service industry. They will always have work cleaning houses, taking care of children, fixing cars. And that work at this price point is just not possible if they move 1 hour outside of the city in a manufactured home.

I'm in Cali, so I know this ain't the norm, but it's what I'm seeing here. Think about it, how is it different than 4 college kids renting a 3 bedroom and two splitting the master.

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jojoyahoo t1_ja5jm36 wrote

That only explains a small portion of it. It's not like all farmers in the world hold hands and lock in potash and ammonia futures at the same price on the same day.

These contracts are constantly being bought, delivered, and sold, so while it lags the spot rate, it's not unrelated.

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bnabin51 OP t1_ja5j3ik wrote

I don't think this sounds reasonable.

Suppose a company has a total of 1000 shares and I own all of them. If you borrowed them from me and sold them to Elon Musk. Does the company pay dividends to both me and Elon Musk?

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nestpasfacile t1_ja5imm4 wrote

In a purely theoretical and idealized vision of capitalism sure.

We live in reality though where the rich have captured pretty much all industry and very much do collude to keep prices high. Why compete when you can make more money not competing.

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crypt0_sports t1_ja5i877 wrote

Well if they lose their jobs all bets are off the table.

Based on your logic then you’ll have 12 people and 3 generations living in a 2 br 1 bath house all while hundreds of thousands of homes sit empty while an investor refuses to take anything less than $2500 a month on a property they overpaid by 2x ?

If so then you’ll have armed security patrolling these neighborhoods trying to run off squatters.

Make it make sense.

P.s. new manufactured homes are now starting at 49k where I am and they were 79k less than a year ago.

So they apparently know something.

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DogeAutist t1_ja5ho3d wrote

Supply and demand amigo. Arbitrary numbers mean nothing. Rental increases are sustained until a better option presents itself for the rentors. Three families in a 3 bedroom two bath home, kids sleeping in closets. This shit is normal. I suspect it will continue as I don't see interest rates dropping anytime soon, and talk of the housing crash has spooked alot of new construction.

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chinnick967 t1_ja5hcd9 wrote

Reply to comment by bnabin51 in Tax offset on paid dividends by bnabin51

If you received the dividend payment, that will go back to the whomever you borrowed the shares from. You do not need to pay anything extra to the lender of the shares.

That dividend payment will not be considered capital gains and you will not need to pay tax on it.

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bnabin51 OP t1_ja5gkx4 wrote

From what I have understood so far, if I shorted stock, I need to borrow the shares from someone else. The company pays dividends to the one who bought from me. However, I need to pay the person from whom I borrowed the shares, don't I?

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