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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. mike (getting worried)‏ @aniceburrito Aug 30

      Do they do these sob stories when a random person loses money in an investment on, say, the stock market?https://www.cbsnews.com/news/eviction-ban-landlord-homelessness-tenants-rent/ …

      21 replies 46 retweets 698 likes
    2. drew‏ @drewg__ Aug 30
      Replying to @aniceburrito

      American homeowners made two trillion dollars in investment gains from property values in the first quarter of this year alone, this guy shouldve just sold

      1 reply 0 retweets 8 likes
    3. ValueHao‏ @ValueHao Aug 30
      Replying to @drewg__ @aniceburrito

      the MOST sympathetic I'll be is that an eviction moratorium wasn't in 'reasonable' 'expectations' (although if they'd read their Taleb...) but there's 0 excuse to cut them slack next time because this should be part of their risk calculus now and it's on them

      0 replies 0 retweets 3 likes
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    5. Saang Lee (이상선)‏ @saanglee Aug 30
      Replying to @veryfinanceguy @ValueHao and

      This is a short term cash flow issue with accounts receivable that's likely to turn into a permanent issue and a write-off. A company would have the option to stop services (renting the house) and sue for unpaid receivables (back rent), but there's the eviction moratorium so🤷‍♂️

      1 reply 0 retweets 2 likes
    6. ValueHao‏ @ValueHao Aug 30
      Replying to @saanglee @veryfinanceguy and

      yup exactly. But this also gets into the fact that it's awful awful AWFUL risk management to have your net worth tied up in an asset which is leveraged and can be 'margin called'; honestly real estate beyond 1 property should be treated the same as accredited investor

      1 reply 0 retweets 4 likes
    7. Saang Lee (이상선)‏ @saanglee Aug 30
      Replying to @ValueHao @veryfinanceguy and

      Yep. I think we'll see a huge drop-off in "real estate as passive income" types in the coming years due to the pandemic.

      1 reply 0 retweets 2 likes
    8. ValueHao‏ @ValueHao Aug 30
      Replying to @saanglee @veryfinanceguy and

      haha I'll take the under because us americans just love our real estate too dang much

      1 reply 0 retweets 5 likes
      drew‏ @drewg__ Aug 30
      Replying to @ValueHao @saanglee and

      I would love to see Biden go full send and get rid of the mortgage interest deduction

      9:13 PM - 30 Aug 2021
      • 8 Likes
      • goatse NFT owner Richard Leighton Dixon Gamarad Saang Lee (이상선) Robot James ValueHao Extremely Finance Guy
      2 replies 0 retweets 8 likes
        1. ValueHao‏ @ValueHao Aug 30
          Replying to @drewg__ @saanglee and

          Don’t think any man could be that based. B-b-but Jack, I’ll dare to believe

          0 replies 0 retweets 5 likes
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        1. Hungry Pigeon Capital‏ @CapitalHungry Aug 30
          Replying to @drewg__ @ValueHao and

          It’s already basically gone with 3% rates and a $750k cap.

          0 replies 0 retweets 2 likes
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