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4plexowner
Participanthigher
Participantusury: an unconscionable or exorbitant rate or amount of interest; interest in excess of a legal rate charged to a borrower for the use of money
The Fed’s cost of money is essentially zero so ANY interest charged is usurious (are you aware that We The People are paying interest to a private corporation for something they created out of thin air? and you don’t think that is criminal?)
The Federal Reserve violates the US Constitution which states that only the United States government has the power to create money
The US Constitution says “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts”
The Constitution has never been amended to allow either the Federal Reserve or a non-silver/gold currency
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I agree that silver/gold standards are not ideal
It may be however that a silver/gold standard is the best that we can hope for – our founding fathers obviously thought so and they were students of history
Participantusury: an unconscionable or exorbitant rate or amount of interest; interest in excess of a legal rate charged to a borrower for the use of money
The Fed’s cost of money is essentially zero so ANY interest charged is usurious (are you aware that We The People are paying interest to a private corporation for something they created out of thin air? and you don’t think that is criminal?)
The Federal Reserve violates the US Constitution which states that only the United States government has the power to create money
The US Constitution says “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts”
The Constitution has never been amended to allow either the Federal Reserve or a non-silver/gold currency
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I agree that silver/gold standards are not ideal
It may be however that a silver/gold standard is the best that we can hope for – our founding fathers obviously thought so and they were students of history
ParticipantCondos:
> little control over costs (HOA, special assessments)
> more influenced by distress sales (for example, in an SFR you can argue that you have a better lot, better sunlight, etc than the distressed property across the street that just closed escrow for $50K less than your asking price – when the condo three doors down from you with the exact same floorplan sells for $50K less than yours, try telling a buyer how your condo is so much better than the distressed one and how that low-ball comp should not be considered)
> HOA tells you how to live (no junk on the balcony or patio, landscaping must be approved, no parking in the driveway, etc)
> common walls – I love hearing my neighbors {fill in the blank}
> poor construction – condos are the main reason destruction defect litigation exists
> lifestyle – looks and feels like an apartment complexAnyone care to add to the list?
ParticipantCondos:
> little control over costs (HOA, special assessments)
> more influenced by distress sales (for example, in an SFR you can argue that you have a better lot, better sunlight, etc than the distressed property across the street that just closed escrow for $50K less than your asking price – when the condo three doors down from you with the exact same floorplan sells for $50K less than yours, try telling a buyer how your condo is so much better than the distressed one and how that low-ball comp should not be considered)
> HOA tells you how to live (no junk on the balcony or patio, landscaping must be approved, no parking in the driveway, etc)
> common walls – I love hearing my neighbors {fill in the blank}
> poor construction – condos are the main reason destruction defect litigation exists
> lifestyle – looks and feels like an apartment complexAnyone care to add to the list?
ParticipantRustico – read “Creature from Jekyll Island: A Second Look at the Federal Reserve”, by G. Edward Griffin
This book should be required reading for all Americans and is definitely required reading for anyone who wants to understand how our economy works
Don’t be intimidated by the size of this book – each chapter and section has an overview and summary – the author offers a quick reading guide that allows the reader to get an overview of this book in a few hours of reading
We need to get enough Americans to understand how the economy works so we can do something about it (abolish the Federal Reserve) – right now, most Americans think the Federal Reserve is part of the government and that the Federal Reserve has the best interests of Americans at heart – reality is that the Federal Reserve is a criminal organization that was legalized in 1913 by hood-winking the Congress
Read this book if you are really interested in understanding how our economy works
ParticipantRustico – read “Creature from Jekyll Island: A Second Look at the Federal Reserve”, by G. Edward Griffin
This book should be required reading for all Americans and is definitely required reading for anyone who wants to understand how our economy works
Don’t be intimidated by the size of this book – each chapter and section has an overview and summary – the author offers a quick reading guide that allows the reader to get an overview of this book in a few hours of reading
We need to get enough Americans to understand how the economy works so we can do something about it (abolish the Federal Reserve) – right now, most Americans think the Federal Reserve is part of the government and that the Federal Reserve has the best interests of Americans at heart – reality is that the Federal Reserve is a criminal organization that was legalized in 1913 by hood-winking the Congress
Read this book if you are really interested in understanding how our economy works
ParticipantRumor has it that IBM is about to announce layoffs of 150,000 people in the US
The recent purchase of Chrysler is likely to result in significant layoffs
George Ure at http://www.urbansurvival.com is expecting the public’s awareness of unemployment to jump significantly this summer and fall
Negative sentiment / worry over the job situation in this country is not going to help the housing market
ParticipantRumor has it that IBM is about to announce layoffs of 150,000 people in the US
The recent purchase of Chrysler is likely to result in significant layoffs
George Ure at http://www.urbansurvival.com is expecting the public’s awareness of unemployment to jump significantly this summer and fall
Negative sentiment / worry over the job situation in this country is not going to help the housing market
ParticipantCondos are only one rung up the real estate ladder from mobile homes
Your primary residence should not be viewed ONLY as an investment vehicle but, from an investment standpoint, condos are not the best place to be in any real estate market
Condos will get hit the hardest in a downturn and they will be the last to recover when the market turns back up again
ParticipantCondos are only one rung up the real estate ladder from mobile homes
Your primary residence should not be viewed ONLY as an investment vehicle but, from an investment standpoint, condos are not the best place to be in any real estate market
Condos will get hit the hardest in a downturn and they will be the last to recover when the market turns back up again
ParticipantI’m guessing that David got tired of his mom asking him,
“David, is all this stuff I’m reading about you on the internet true? Are you really a lying sack of shit that couldn’t recognize the truth if it bit him on the ass?”
David: “Well, …”
Mom: “Now David Lereah, I can tell when you’re lying to me and I won’t stand for it …”
ParticipantI’m guessing that David got tired of his mom asking him,
“David, is all this stuff I’m reading about you on the internet true? Are you really a lying sack of shit that couldn’t recognize the truth if it bit him on the ass?”
David: “Well, …”
Mom: “Now David Lereah, I can tell when you’re lying to me and I won’t stand for it …”
ParticipantThis is one way we could use the current glut of un-needed housing units
Instead of taking up spaces in the local cemetaries we can use the downtown condos as tombs
It could even be a new tourist attraction – “Come to San Diego and visit the above-ground catacombs!”
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