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Cassak5111 commented on
americanbanker.com/news/b...
Posted by
Op94 points · 15 hours ago

Risk off bitches. Shit could get wild. Again.

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10 points · 11 hours ago

Risk off is right. If you're not long treasuries right now, you're fucking nuts in my view.

People are going to be begging for risk free 20yr yields at 3.8% once shit really hits the fan. You think inflation is bad? What til you see a full blown financial crisis and recession - maybe even throw a covid resurgence into the mix if you want to get extra spicy.

tl;dr calls on $TLT.

Op1 point · 11 hours ago

Yup. Calls on TMF for me.

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1 point · 56 minutes ago

Congrats on your calls. $TMF ripping today. I loaded up on shares when it was under $8. Wish had the balls for options.

Cassak5111 commented on
i.redd.it/v15nj9...
Posted by
-11 points · 13 hours ago

They gave $74 million to BLM, they weren’t exactly free of politics

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15 points · 13 hours ago

No one is saying they weren't woke.

But them being woke had nothing to do with them collapsing.

Unless you think it's somehow woke to fail to hedge against interest rate risk.

-12 points · 12 hours ago

Yes not have any risk managers while having a DEI manager is pretty work and can cause a bank to fail to hedge against interest rate risk.

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2 points · 11 hours ago

Why do you think not having a risk manager has anything to do with them having a DEI manager?

As a matter of fact I am not one of the leftist parrots saying Trump caused it with deregulation.

They just made a bad business bet. That's capitalism and personally I don't think there should have been any bailout... but all that said, it had nothing to do with DEI.

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Cassak5111 commented on
theverge.com/2023/3...
Posted by
-8 points · 2 days ago

This will surely help housing!

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3 points · 1 day ago

Oh fuck off.

Cassak5111 commented on
i.redd.it/wkt8ri...
Posted by
65 points · 3 days ago

Kinda funny to see the right wingers here expressing the pro-eugenics view.

What happened to celebrating life? Do you know enough about this living child that you can confidently say she's better off dead?

1 point · 3 days ago

If you don't have a view that everyone is equal with God (you do really need some sort of higher power to keep that belief), you have bipartisan pragmatism to eliminate the weak.

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2 points · 3 days ago

I don't know if it requires a belief in God.

Having children probably also does it.

I'm undecided on a higher power, but have two young kids and these comments make me sick.

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Cassak5111 commented on
i.redd.it/pig6le...
Posted by
2 points · 3 days ago

Burry has been massively short bonds, and probably got BTFO'd by the the massive bond rally Friday.

Absolutely regarded stuff.

Cassak5111 commented on
i.redd.it/m75hiw...
Posted by
6.3k points · 4 days ago

It honestly was so on the nose I thought it was parody at first

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1.7k points · 4 days ago

I'm convinced the account itself is a parody (looking at their tweets and replies though I'd hate to be proven wrong here) but the picture unfortunately isn't.

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1 point · 3 days ago

This comment is going to get buried, but this pic is not from the signing of the child labor bill.

It's for a totally different LEARNS bill.

1 point · 3 days ago

This comment is going to get buried, but this pic is not from the signing of the child labor bill.

It's for a totally different LEARNS bill.

Cassak5111 commented on
Posted by
1 point · 4 days ago

Curious about this too. I have an L3 I need to file for an N11, but I have a solid relationship with tenants and fully expect them to be out by the termination date. Don't want to scare the shit out of them with an L3 in the mail when they haven't done anything wrong.

I'm tempted to do it ~3 weeks prior to the termination date. I think I read somewhere that LTB takes 4-6 weeks to mail it out. That way they only get it if they are there after they agreed to be out. But I do worry that LTB will be quick and I'll get a "what the fuck" from my tenants.

Cassak5111 commented on
Posted by
165 points · 4 days ago
To The Stars

Everything he’s saying is either illegal or a lie, I want you to know that. He can’t add to the utilities. He can’t raise rent more than 2.5%. Your lease transfers to the new owner. He would have a very hard time selling because nobody wants to buy an income property that runs a deficit and loses them money month over nonetheless.

If he wants to play hardball, let him sell and take a loss on the house then just continue living there since, you know, your lease carries over lol. Although having said that it would be a matter of time until you’d be renovicted or something since the house would likely be losing money for the owner as well

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30 points · 4 days ago

Most likely outcome if the landlord actually does sell is that the lease makes it unnatractive enough for other landlords that the new owner is likely going to be an owner-occupier, in which case OP could legitimately get evicted by an N12.

The law gives OP a lot of bargaining power, but if I were this landlord and totally backed into a corner, selling it to a legit owner-occupier would be what I'd do. OP should proceed with that in mind, although I think others are correct that OP can probably call the landlords bluff.

However, if the landlord is actually going to sell, agreeing to a modest rent increase or to include utilities might be worth it in order to reduce the risk of a new owner N12ing them.

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