Forum Replies Created
-
AuthorPosts
-
34f3f3f
Participant[quote=kewp]The way I am seeing it, we are screwed, but everyone else is screwed worse.
Yup. Or so I hope.
America has everything it needs to be self-sufficient. We have natural resources, an abundance of food and the best *human* resources on the planet.
We can afford to sit this thing out. Gonna suck for those whom have never known hard times.[/quote]
Now let me see if I have got this right. Self sufficient, but dependent on China buying its debt. Highly subsidized farming, now geared more to producing biofuels. Gas guzzling cars that nobody wants to buy, and dependence on foreign oil. Best human resources on the planet …? I presume you are referring to the ones that got us into this pickle in the first place. Be careful what you wish for.
34f3f3f
Participant[quote=kewp]The way I am seeing it, we are screwed, but everyone else is screwed worse.
Yup. Or so I hope.
America has everything it needs to be self-sufficient. We have natural resources, an abundance of food and the best *human* resources on the planet.
We can afford to sit this thing out. Gonna suck for those whom have never known hard times.[/quote]
Now let me see if I have got this right. Self sufficient, but dependent on China buying its debt. Highly subsidized farming, now geared more to producing biofuels. Gas guzzling cars that nobody wants to buy, and dependence on foreign oil. Best human resources on the planet …? I presume you are referring to the ones that got us into this pickle in the first place. Be careful what you wish for.
34f3f3f
Participant[quote=kewp]The way I am seeing it, we are screwed, but everyone else is screwed worse.
Yup. Or so I hope.
America has everything it needs to be self-sufficient. We have natural resources, an abundance of food and the best *human* resources on the planet.
We can afford to sit this thing out. Gonna suck for those whom have never known hard times.[/quote]
Now let me see if I have got this right. Self sufficient, but dependent on China buying its debt. Highly subsidized farming, now geared more to producing biofuels. Gas guzzling cars that nobody wants to buy, and dependence on foreign oil. Best human resources on the planet …? I presume you are referring to the ones that got us into this pickle in the first place. Be careful what you wish for.
34f3f3f
Participant[quote=kewp]The way I am seeing it, we are screwed, but everyone else is screwed worse.
Yup. Or so I hope.
America has everything it needs to be self-sufficient. We have natural resources, an abundance of food and the best *human* resources on the planet.
We can afford to sit this thing out. Gonna suck for those whom have never known hard times.[/quote]
Now let me see if I have got this right. Self sufficient, but dependent on China buying its debt. Highly subsidized farming, now geared more to producing biofuels. Gas guzzling cars that nobody wants to buy, and dependence on foreign oil. Best human resources on the planet …? I presume you are referring to the ones that got us into this pickle in the first place. Be careful what you wish for.
34f3f3f
ParticipantI’d go with buying an investment property first, live in it or a year or so, then buy a main residence, for two reasons. Firstly, if prices continue to fall you lose less because your initial capital outlay was smaller, and secondly I would imagine, most investment properties such as condos have come down more in price than SFH’s at least in the $600k bracket.
I’d be very interested to know from anyone if now is a good time to start considering looking at investment condos/studios, and what sort of net return one can expect, for a cash purchase in the $250-300k ballpark?
34f3f3f
ParticipantI’d go with buying an investment property first, live in it or a year or so, then buy a main residence, for two reasons. Firstly, if prices continue to fall you lose less because your initial capital outlay was smaller, and secondly I would imagine, most investment properties such as condos have come down more in price than SFH’s at least in the $600k bracket.
I’d be very interested to know from anyone if now is a good time to start considering looking at investment condos/studios, and what sort of net return one can expect, for a cash purchase in the $250-300k ballpark?
34f3f3f
ParticipantI’d go with buying an investment property first, live in it or a year or so, then buy a main residence, for two reasons. Firstly, if prices continue to fall you lose less because your initial capital outlay was smaller, and secondly I would imagine, most investment properties such as condos have come down more in price than SFH’s at least in the $600k bracket.
I’d be very interested to know from anyone if now is a good time to start considering looking at investment condos/studios, and what sort of net return one can expect, for a cash purchase in the $250-300k ballpark?
34f3f3f
ParticipantI’d go with buying an investment property first, live in it or a year or so, then buy a main residence, for two reasons. Firstly, if prices continue to fall you lose less because your initial capital outlay was smaller, and secondly I would imagine, most investment properties such as condos have come down more in price than SFH’s at least in the $600k bracket.
I’d be very interested to know from anyone if now is a good time to start considering looking at investment condos/studios, and what sort of net return one can expect, for a cash purchase in the $250-300k ballpark?
34f3f3f
ParticipantI’d go with buying an investment property first, live in it or a year or so, then buy a main residence, for two reasons. Firstly, if prices continue to fall you lose less because your initial capital outlay was smaller, and secondly I would imagine, most investment properties such as condos have come down more in price than SFH’s at least in the $600k bracket.
I’d be very interested to know from anyone if now is a good time to start considering looking at investment condos/studios, and what sort of net return one can expect, for a cash purchase in the $250-300k ballpark?
34f3f3f
Participant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
34f3f3f
Participant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
34f3f3f
Participant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
34f3f3f
Participant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
34f3f3f
Participant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
-
AuthorPosts
