Mark Senatori @MonetaryMark

@realfrugalmogul No, but I blew 6k on a tempurpedic. It's like sleeping on a cloud. So worth it

@realfrugalmogul Make a budget. Possible your second biggest expense is food if you're eating out as a family a lot. You'll find waste some where I assume they have a 3% mortgage so moving might not be wise. $3,500 is a reasonable mortgage where

@AnnieTyzak @realfrugalmogul Consensus says start with a budget

@CubicleNomads @realfrugalmogul Buying Bitcoin is like investing in a company that will always have labor expense and will always have zero in sales, but pays its workers in shares of its stock.

@realfrugalmogul I think we all need to ditch X. Elon has butchered it. Just nothing has filled the vacuum yet

@rebelbroker @realfrugalmogul What is your screening process? What tips do you have? I've recently built an ADU with intention to rent out, which will be the first time for me.

@michaelschoe @JDCocchiarella The inflation we've seen under Biden was mostly caused by externalities the administration that preceded him For example, the lag effect of PPP, stimi money & low rates. Or the pump price increases in 2022 were caused by refinery capacity having come off line during COVID

Sacramento on Bloomberg today 💪

@samuel_spitz Of course there's 100 assholes in the comments that have figured it out.

How much do you spend on all food (groceries & restaurants) per month? If you're more than a 1 person household estimate per person cost or refrain from survey please

@EverythingKeanu Denial. Because believing any different would be a concession that would cause an identity crisis.

@realfrugalmogul What's the catch? I wonder why there is such a cost difference

Killing the 6% commission is dumb. ‣Sellers make more money with it. ‣Buyers can buy more home with it. Here's why: Imagine Joe Buyer has $100k to buy Sue's house for a a 20% down payment on a $500k property. House is listed with 6% seller paid realtor commissions. Joe can put $100k down payment on a home with a $500k list price. The realtor commission is paid by Sue so he doesn't have to worry about it. However, really it's worked into the price of the house and financed in the mortgage and paid by Joe anyway. When Joe buys a house, he brings the down payment and the lender's money. Joe brings $100k cash + $400k mortgage = $500k. Sue gets $500k - $30k (6% comm) = $470k. Sue is not bringing money to the closing table, Joe and the lender are. If Sue's house gets in bidding war, Joe could actually bid and win it for even $550,000 by putting 15% down instead of 20% if it's his dream house. Or Joe could even switch to a $1M house with 10% down payment. All in all, he has options as a buyer. During a housing shortage, you want buyers to have options. Alternatively, Joe has to pay this agent. Joe has to have money to pay an agent so he either chooses to have no agent and struggles to get under contract. Or Joe takes that fee from this down payment budget to hire an agent. Now Joe has to buy a lower priced home. He's also capped out earlier on bidding wars. If Joe wants to try to put 20% down to start, he's only going to look at $450k homes and bid them up to about $490k. Chances are also lower that a $450k home will be his dream home over a $500k home. He will most likely never see Sue's $500k house listing that he would have paid $550k for. A $550k offer from Joe would have the lenders indirectly pay the agents $33k and Sue would net $517k. Sue however is "saving money" on paying both agents, which actually reduces the buyer pool and softening her chances of a bidding war frenzy on her home. Sue may get only one offer now or maybe multiple offers, but they may be not as strong as Joe's would have been. Fewer offers mean more risk with possibilities like those other offer have: ‣ Lower down payment ‣ Appraisal concerns ‣ Longer closing ‣ More repairs It's just fewer offers to choose from so there is going to be more risk to Sue and she has less negotiation power. Or Sue's home stays on the market longer to find a better buyer or offer. Sue got $517k before when paying 6% agents and Joe was able to fall in love with it. Sure, Sue may still get a bidding war. But Joe's not in it, so Sue accepts $530k for another buyer. Sue then pays 3% to only her listing agent and she nets $514k doing it this way. This scenario is ultimately not good for: ‣ Joe who doesn't find his dream home ‣ Sue who doesn't get top dollar ‣ Agents who don't close ‣ Lenders who lend less TLDR: Sellers get lower risk and top dollar when paying buying agents to bring buyers that are fine indirectly paying the commissions anyway.

@realfrugalmogul Liquidity. I own stocks that have suddenly become illiquid because I work in banking. Large banks impose trading restrictions on their employees. If the bank is working on a deal (unbeknownst to me) on a stock I own, I can't sell. At least a 3rd-half of my holdings are not liquid

@realfrugalmogul More outsourcing to countries with crappier labor laws

@RepMTG But you 'couldn't even' be respectful enough not to be condescending. That's the real disgrace. I thought traditional values are important to you. What about respecting your elders?

@quadcarl @RepMTG Putting the rant in ignorant 😆😆

@realfrugalmogul Assuming volatility = risk Johnny does. Also the risk a bank will go tits up is pretty low, and you can always do an FDIC insured sweep or put your money in a bank that has a strong balance sheet

@braderstorf Sac County needs some YIMBY support and advocacy. Would love to pick your brain on gathering support for a project in Arden/Carmichael been to som @SacYIMBY, happy hours but the focus appears to be within the the city limits.

Whoa! Surf is up in the #Sacramento River!! 4-5 foot swells ! 🤙🏽🤙🏽🤙🏽