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LebongJames

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Everything posted by LebongJames

  1. Is that a yes or a no? Not a chance can you take a 5% bet, things can swing but overall I am very confident in the Austin and Texas housing market. This was fun as I crushed multiple beers.
  2. I don’t think it will be long term but there could a 5% drop over the next year. If there is a drop there would be 1-3% increase the following year. I don’t see 5% drop as major as I said earlier. Maybe a slight correction of 12 years of straight growth.
  3. Not sure how to quantify. But let’s do this. The Austin median home price is $415,000 according to the ABOR today. I will bet $200 it is not be lower than $332,00 at any time over the next year. I’d even go $352,750
  4. No not humming along but I don’t think we will see a major decline of home prices in Texas. Interest rates will keep going lower. We will some decline in some neighborhoods but it won’t be anywhere near 20% on an overall number. I also think this is more of a U shaped recession than the L from 2009. Sure I’d wager
  5. More than 10 percent of the country has filed unemployment in the past month. Some areas will be hit harder than others, but there is nowhere safe. And oil taking a shit will be a double whammy for much of Texas. We see things differently so let’s just agree to disagree.
  6. Give those numbers a month. All of them. You’re right but existing inventory will be even lower. Unemployment will undoubtedly be higher. All in all Texas as a whole will fare better than a lot of places. Houston/Midland will be a different story because of oil.
  7. Pretty sure Florida beaches are already back open
  8. 401k got hit but we had the best 1st quarter we’ve ever had. We also did enough starts this week to do 10k for the year. It could get bad over the next couple of months depending on how everything goes with home builders.
  9. Obviously its like Tropheus said. The calls I am on for work are all over the place but the demand in Texas is so high and the supply is short I don’t think you will see that. Texas once again is lagging majorly on the unemployment numbers coming in. I can’t find the exact figures but Austin is still only reporting around a 4% unemployment number. It was in the Business journal this morning. Austin has 1.2 months of supply and the greater Austin area only has 1.6 months of supply.
  10. Testing update: Lots of questions out there. 2 different kinds of tests: 1. Molecular (PCR)-offered by public health labs for dx. SARS-COV-2 RNA detection on respiratory specimens from nasal or throat swabs. Determines active infection. Pro’s: not a blood test, ID’s those who are infectious. However, can test + in some after recovery Cut off a lot but I think this would explain a lot of the re positive test in South Korea. This was from DSHS conference call from today
  11. Too tired to care about that damn corona. Sent from my iPhone using Tapatalk
  12. We closed on our current house today. We accepted a full price offer on the first day we put it on the market. 28 days later everything went smoothly. Was pretty nervous with everything going on. We were in SE Austin in a new community called Easton Park.
  13. They also owned Reds Porch that expanded to 4 locations and then went belly up.
  14. Next week is earth day I bet we haven’t seen pollution levels this low in 30 years. Silver linings
  15. I think you will some of these smaller schools fold. Some should have years ago but this will be the breaking point. We know people who are professors at these type of schools and they seem to be expecting it.
  16. Crazy plan Every team rents 2 hotels for the year and charters one plane with same crew. Teams live in same hotel all year. With same chefs, house keepers, hotel staffs. Road trips every team uses same hotel. NFL pays to keep hotels and stadiums as clean as hospital. Staff at stadium and hotel monitored daily for temperature and wears PPE.
  17. PGA already coming back in June without fans. NFL is playing. TV money outweighs everything. Ticket sales are huge but they will make plenty off just airing every game and selling ads.
  18. I do think there will be a new normal and there is nothing wrong with that. We can temporarily change seating and capacities in restaurants. Regular retail could limit number of customers. Everyone should wear a face covering. Movie theaters, concerts and sporting events will be a ways out. Elective surgeries can happen in surgery centers and smaller hospitals not set up for coronavirus patients. It’s not all one way or the other. If you aren’t comfortable doing that and a lot won’t be then stay at home. I don’t think things will go back to normal but we can make this work.
  19. Not a chance are we locking down until 2021, and that is how long it will take to get a vaccine.
  20. How much is back dated testing? I really don’t trust anything at this point. I know we are still expecting to peak in early May. My wife is a nurse practitioner and the hospitals are empty in Austin as of today. Hospital admittance and ICU numbers are all that should really matter. But it seems like St David’s, Seton and BSW don’t want to release those numbers
  21. Wife is a nurse practitioner and their practice is getting hit hard. They can’t do any of their procedures besides cancer so revenue for the doctors is way down.
  22. It’s a decent comforter but she has never really cared to make make the bed like some 5 star hotel bed. Although the dog makes it look terrible. The living room is a different story. We have a fucking 7k couch from the parade of homes and the throw pillows have to be perfect. The couch is down and every time you move off the couch it has to be reformed. Back to regularly scheduled dog photos
  23. Dude thinks he owns the house. Neither my wife or me were in bed Sent from my iPhone using Tapatalk
  24. It’s definitely a thing. That’s why new construction has fart fans in laundry room. Supposed to run it while running any cycles.
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