[quote=deadzone]Call it what you want, but I would consider most cases of people purchasing vacation homes etc. as investors.
And on to money laundering, what I am really referring to is all the cash purchases made by foreign buyers, (Chinese primarily, a lot of Mexican too in this area) who are investing in US assets to hide their money from their own governments, whether due to tax or other reasons. This is very common but impossible to quantify.[/quote]
Yes, pulling shit out of your ass is often “impossible to quantify”….
Also, once again, you are selectively discarding part of things that don’t fit into your ass pulling bullshit. See, now that you are saying vacation homes are investments, but you are not saying anything about retirees downsizing and relocations. See what I mean by you are extremely biased and have an axe to grind?
Why don’t you put the data together in the last 90 days close, how many of those were purchased by foreign investors… Instead of that “impossible to quantify” bullshit coming out of your ass..
I know you can’t do it, because you don’t even know what the basics of “cash purchase” means. I seriously doubt you could do anything slightly more complicated like scraping public records to actually get data to back your “impossible to quantify” claim.
And before you get all defensive, like you always do, it’s not a personal attack. It’s just telling you that what you said has no merit and no basis and continues to add questions to your credibility , along with all the other ill-informed statements you made such as what “in-the-money” means or simply basic retirement planning apparently you are oblivious to.
Just admit it,your posts are a reflection of your axe grinding you have for missing out on real estate and stock market for the past 20+ years, and less so about your financial prowess or fact basis. You’re a bitter dude that slept at the financial planning wheel for the past 20 years and seeing things get ahead of you. And you’re hoping somehow miraculously a correction can bring people who did a lot more financial building than you have 20+years can some how be brought back down to your current predicament for not doing much the past 20 years…. which is highly unrealistic, given how much effort people put into those 20 years building their financial fortress that you neglected… you have 20+ years of catchup you need to makeup for and would need to take on considerable more risk than others that’s already taken much smaller incremental risks over a 20 year period. and since you are so negative about everything, those are the larger risks you’ll never take in order to catch up for the small steps you should have been taking the past 20+years that you also didn’t do…
Sorry to be so blunt… Saw this magnet at a store in downtown. I’ll send you one…
