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09-25-2008, 11:13 PM #30
Senior Member
bailouts
:jointsmile
ragonrider; these are some good times for bargains. Last time I saw it in the housing mkt was in '94 and I managed to take a little advantage of that. Now, again is the time, soon. Have been watching it. Frankly, the best time to buy investment homes is when there is 'blood in the streets' so to speak! As far as gold, I expect it may go as high as $1500. or more an ounce. Buying in blocks instead of coins is better and easier to trade. If you want coins, try Canadian (pure gold)!! The '80's was the last really good time I recall it was a fairly good bargain. It is all relative though!
I believe the best investments in homes will either be those extremely large house's (if built in a town with potential of a greater population) or simple duplex's. Because, something has to be done with the 3500-4,000 sq. ft. homes sitting empty. Would make nice retirement centers for the baby boomers or simple split up apartments (which is what has happend in Los Angeles over the years!). But, you must really look around at the potential of the city. In L.A. county, parts of Riverside and San Berdo are pretty ripe for High Density Housing!
These are times to really make some good bargains, only in the stock market if you have a Phd in it. I've lost too much in it over the years and do not care to mess with it again.
Problem with gold, it is hard to keep, if you have enough :twocents:quantity, the safe deposit box costs about what it would go up in value over decades! Just depends on where your knowledge on investing lies. Use you best skills and put them forward.
I'd like to know what all this translates to in the price of mmj? any clues? Oh I hear you, buy a 4,000 sq. ft. home and become a caregiver or collective! It is being done! Or, go to the redwoods and buy some secluded parcel to go outside on??
These bailouts, etc. It did not happen during the great depression and I am guessing this is a bandaid :sadcrying to avoid the 'great depression' until after the election!!! :twocents::twocents:
And when all else fails: :joint1::bigsmoke: go to cannacom and be entertained and educated at the same time!!! Thank U cannacom for being here! pr :jointsmile:
It won't matter how it shakes out, I will be unhappy with what has been done for large corporations that is not being done for those that need Soc. Sec. disability or SSI. This means, more denials for those that have been waiting years. In fact, that ought to be a thread to start right now and keep track of! A lot of people on this site have been fighting SS for many years and still do not have it. think they stand a snowballs chance in hell, now? People have filed bankruptcy for years and have had more consequence's to pay in long term than those companies! I am pissed, bailing out an insurance Co. Those S.O.B.'s!!! It isn't fair. They need to find where the money went and go get it back! Even if t is a few Islands in the South Pacific, Fiji and all over he world! Plus, their banks off shore! I am a very unhappy camper with our politicians, today! I realize, they did not do this themselves, but if i could see it coming, they should have! In fact, we ought to take a poll of how many people here saw something bad coming when you could buy a house: NO $ down, no principal payments and wait, interest rates will go way up and then you'll need to make a full payment with todays' interest rates, including interest, principal, insurance and tax every month! No, we are far from out of the woods.
My know it all neighbor down the street feels, the worst is over, and that was before the bailout! Wonder what he thinks today, other than avoid me, cause 'I told him so!'
Well, as long as my supply of mmj lasts until my next payday, I'll be fine for now-or spend what I have on mmj! Right now we need to look at our finance's like a boat with a hole in it! Before you take your finger out of the hole and dole out your money for anything, THINK, how full of water will your boat get, before it sinks. Do you need to take your finger out of the hole to drain your wallet and fill the boat? If not, keep your finger in the hole and find a better way to stay dry without cleaning out your wallet!
I must shut up, this whole topic has really gotten my blood pressure up to readable levels now! Our Gov't has gone to far to protect big business. If big business was let go, we might get back to the good ole days of Mom and Pop business's with a chance of making it and supporting a family, again!!! That has been a long time. If we go back to personally knowing our bankers and people we do business with, people would become more responsible in spending. I would hope. It is questionable with a few of the new breed of the self righteous, self centered spoiled ones that have no clue of what dirt is, except FF for a growing medium!
O.K., sorry guys, I'll get off my soapbox, again! Cause this one gets the hair on the back of my neck to stand up! And I am not looking at a wild cat right now! Thanx for your patience! Pr
:hippy:
Crap, the news just said that value of homes in 'Valley' Plummet! That would be outside of Los Angeles. Good, the closer to L.A. the better. Wouldn't mind having a little ghetto house in L.A. close to the theatre, ball games and where there are events every week-end! If the celebs would move out, it could be a fun town. So, much to do! But, I am not sure I can be civilized enough to live in a city anymore! Tooooo long in the country! bye now :jointsmile: Pr
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