- The Borrow Smart Chronicles
- Posts
- Do You Have a Rock? Stonks Go Up...
Do You Have a Rock? Stonks Go Up...
Real Estate will too again, but for now the markets take center stage...
Todd Ballenger
December 14, 2024
"If you change the way you look at things, the things you look at change."
This image is not changing, the way you perceive it is changing due to an illusion
a BORROW SMART CONCEPT
Thinking About The Rock Not In My Shoe
Most thoughts are really just thinking about thinking. Until there is something new in the equation, an upgrade to your source code, you just keep looping and looping and remembering things from your past - at best projecting old memories into the future, but still getting what you've always gotten.
Is there a rock in your shoe? You know if you have one, because if you don't you probably aren't thinking about it. If you have a rock in your shoe, what do you do? Do you keep walking and power through the pain? You probably stop and remove the rock and keep walking. The pain of stopping and taking time to remove the rock isn't as painful as continuing to walk with the rock in your shoe.
Seriously, how often do you stop and think about the fact that there is no rock in your shoe right now?
Sometimes the rock is a who? Who is your rock that keeps you growing?
The rock serves a purpose, it calls for our attention, and it calls for action. We don't think about the things we don't know to think about... just like we don't think about the rock that is not in our shoe now. We just think about the things we already know. How does something new happen? How do we grow?
I was having a conversation with a loan officer that just completed our CLA course, and he said he didn't know he needed to be thinking about 'this stuff', and now that he does, he's thinking about it a lot. He's thinking about how he can help people in a totally new way, and that is energizing to him now. He was frustrated and thinking about leaving the industry but now he's rejuvenated. He upgraded his source code with new ideas, and that is leading to new possibilities.
The hard part is thinking about things that aren't there and appreciating the rock when it's there to teach us something. The industry today is difficult, with higher rates, and a shortage of inventory. That's a ROCK! It's asking for your attention to realize it's a time to stop, and think about how you invest the time you have now to prepare for the future.
You can Panic or Prepare with your time - it's your choice!
All I can tell you for sure, is that it will change, and when it does you’ll reap what you have sowed…
If you want to go Bitcoin parabolic in 2025, come join us!
Or at least play along with us (podcast challenge)
LIABILITIES and DEBT
What’s Happening.
I expect rates to drop .25% next week, and then we hold - but consumers are starting to settle into higher for longer and acting, that should accelerate in 2025.
Refis are picking up…
Real estate still a low sector outlook
higher incomes lead to future purchases, but only if they are growing faster than house appreciation
And job stability stays solid (no recession)
“before you speak, let your words pass through three gates:
Is it true?
Is it necessary?
Is it kind?”
REAL ESTATE
What’s Happening?
eimprovement from prior week - but a tiny bit
huge gap in rent versus own
gap across all levels of current to lower rates
still below normal for listings
inventory still low for new homes
3.9% appreciation over last 12 months
REO - real estate owned (foreclosure inventory)
Fannie REO, wow what a mountain we’ve seen diminish to almost nothing
“Nothing is more pleasing and engaging than the sense of having conferred benefits. Not even the gratification of receiving them."
ASSETS and INCOME
What’s Happening?
more volatility as some possibly taking gains off table before they fear everyone takes gains off table in January…
margin expansion in IT, from AI, other reasons, but real estate :-(
it has continued to pay to just invest in top 7 stocks
this says first half of 2025 Good / second half may be Bad
up years are bigger than down years
buy American
stonks go up, all boats (workers) get lifted
this volatility is still so LOW
good for future housing growth
this usually doesn’t end well, but overall no worries yet
FOMO is one reason
retail own the supply
“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”
ON BEING HUMAN
What’s Worth Sharing?
Have I mentioned I love music? I love mastery too, and when those too come together it’s just a harmony that is unsurpassed:
DOPAMEMES
And Other Happy Moments…
Drumming just gets me fired up -better than coffee! And my daughter has gotten me into Heavy Metal, which I thought I would hate, but some of it is an another level. I love to be surprised.
That said: If you are not familiar with El Estepario Siberiano:
Artificial Intelligence
And the Future of Work…
Was this email forwarded to you? Sign up here.