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October 21, 2007 at 10:52 PM in reply to: Northern CA failure, forclosure help, tax questions >> #90462October 21, 2007 at 10:52 PM in reply to: Northern CA failure, forclosure help, tax questions >> #90471
Daniel
ParticipantBayNegative, I’m afraid that this might be the wrong site for a question like that. There certainly are people here who know the answers, but there are many more that will take great pleasure in eating you alive. Just be warned…
ParticipantI’m well aware of Rich’s views on this. I happen to disagree with him on this one.
PS: incidentally, I’m not claiming that gold is in a “bubble”. My claim goes even deeper, that gold does not even qualify as an investment. It’s simply a hedge in case terrible things happen. Investments are things that produce cash flows. Gold does not.
ParticipantI’m well aware of Rich’s views on this. I happen to disagree with him on this one.
PS: incidentally, I’m not claiming that gold is in a “bubble”. My claim goes even deeper, that gold does not even qualify as an investment. It’s simply a hedge in case terrible things happen. Investments are things that produce cash flows. Gold does not.
ParticipantI don’t think there is anything fishy, KK. List prices may have been without options, and sale prices with options (or something to that effect). They sold 7 of the 8 houses when the market wasn’t that bad (last year), and they only have to get rid of the last one. For this one, they may obviously have to sweeten the pot (price reduction, freebie upgrades, what have you), but that’s about it. Nothing sinister here, me thinks.
ParticipantI don’t think there is anything fishy, KK. List prices may have been without options, and sale prices with options (or something to that effect). They sold 7 of the 8 houses when the market wasn’t that bad (last year), and they only have to get rid of the last one. For this one, they may obviously have to sweeten the pot (price reduction, freebie upgrades, what have you), but that’s about it. Nothing sinister here, me thinks.
ParticipantContrarian,
I 100% agree. You’re not a “contrarian”, you’re simply the voice of reason. OK, you maybe are one on this forum 🙂
Many people chase the latest investment fad, which these days is commodities and foreign currencies. Most young people should be just fine with a few index funds, and not sweat it too much. Gold has been a terrible long-term investment, and unless you think USA is going Zimbabwe, there is really not much reason to own gold. Ever. It is billed as “safe”, but it’s probably the most speculative investment someone can make. For everything else (stocks, bonds, real estate) you can have some idea of its value based on the underlying cash flow. Gold? For all I know, it could be worth a million dolar an ounce, or just a hundred. I don’t know and I don’t care. The point is, there is no long-term income from it, so its value (to me) is simply a random number on a Bloomberg screen.
PS: not a big fan of Mr Fisher’s firm though. They keep writing and calling me in the hope that I’ll have them manage my money 🙂
ParticipantContrarian,
I 100% agree. You’re not a “contrarian”, you’re simply the voice of reason. OK, you maybe are one on this forum 🙂
Many people chase the latest investment fad, which these days is commodities and foreign currencies. Most young people should be just fine with a few index funds, and not sweat it too much. Gold has been a terrible long-term investment, and unless you think USA is going Zimbabwe, there is really not much reason to own gold. Ever. It is billed as “safe”, but it’s probably the most speculative investment someone can make. For everything else (stocks, bonds, real estate) you can have some idea of its value based on the underlying cash flow. Gold? For all I know, it could be worth a million dolar an ounce, or just a hundred. I don’t know and I don’t care. The point is, there is no long-term income from it, so its value (to me) is simply a random number on a Bloomberg screen.
PS: not a big fan of Mr Fisher’s firm though. They keep writing and calling me in the hope that I’ll have them manage my money 🙂
ParticipantSorry, but not a big fan. Some points are reasonable, but some are way over the top (have Congress tell the Fed what monetary policy to follow, outlaw option ARMs, etc). The overly strident tone of the petition doesn’t help, either. It pretty much guarantees that nobody will take it seriously.
ParticipantSorry, but not a big fan. Some points are reasonable, but some are way over the top (have Congress tell the Fed what monetary policy to follow, outlaw option ARMs, etc). The overly strident tone of the petition doesn’t help, either. It pretty much guarantees that nobody will take it seriously.
ParticipantI know that subdivision pretty well. It’s a bit on the fringe of CV, in the general Pacific Highlands Ranch – Torrey del Mar corridor along Carmel Valley Road. That area is much softer than the older CV areas, as there is a lot of recent construction. There is probably nothing wrong with the house, just a seller who is serious about selling. Also, that particular floor plan is quite small, and I think its price peaked at just under $700K in 2005. So the discount isn’t that great (yet). The top of their pricing range ($669K) is almost peak pricing.
ParticipantI know that subdivision pretty well. It’s a bit on the fringe of CV, in the general Pacific Highlands Ranch – Torrey del Mar corridor along Carmel Valley Road. That area is much softer than the older CV areas, as there is a lot of recent construction. There is probably nothing wrong with the house, just a seller who is serious about selling. Also, that particular floor plan is quite small, and I think its price peaked at just under $700K in 2005. So the discount isn’t that great (yet). The top of their pricing range ($669K) is almost peak pricing.
ParticipantHey fellas, really, nobody can recommend a broker trading CS futures? “All show and no go” on this site, huh? OK, I’m just kidding, no offense to anybody.
But honestly, my question is very serious, I’d like to know if there are people familiar with the practical side of trading these instruments.
Thanks again,
DanielParticipantHey fellas, really, nobody can recommend a broker trading CS futures? “All show and no go” on this site, huh? OK, I’m just kidding, no offense to anybody.
But honestly, my question is very serious, I’d like to know if there are people familiar with the practical side of trading these instruments.
Thanks again,
DanielParticipantCould anybody recommend a futures broker who trades CME housing futures based on the S&P Case-Shiller index? My discount broker can’t do that.
I am very seriously interested in this, and I would appreciate any feedback on the issue. I know the trading volumes are very low, but I’ve traded in iliquid markets before. And anyways, I’m not planning to open a large position (about 15 contracts, perhaps).
Thanks very much,
Daniel -
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