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LookoutBelow
ParticipantIt reminds me of the "breakfeast committment" scenario: The Chicken has an "interest" in your breakfeast, while the Pig is "Committed" to your breakfeast.
When you rent, your "interested" in the housing prices, when you own, your on the committment side of the equation.
I say sell if you can, who the hell knows whats going to happen as Bugs say's….I would not be too committed to anything that I dont have a good feel for the positive outcome.
ParticipantOnly time will prove out PowaySeller forecast and predictions. I agree with her.
People have a tendency to be overly optimistic at certain times and this is no different. Its going to be a bloodbath for most of these families finances.
In 2 years or less, PowaySeller will look like an Oracle.
ParticipantI may have to take up some more dangerous activities however, last month my doctor informs me Iam in great shape. I Dont want to screw up my finances/experiences ratio……LOL !!!!
Maybe I'll get into auto racing ? That would be a hell of an experience, its expensive and it can be mucho dangerous too. Perfect.
What Iam saying is this: Do what makes YOU happy, to hell with appearences, as long as its not hurting anyone and its not illegal, go for it.
Extra points are given for "experiencing" this gift of life. Regrets are the first sign of a failing grade in "Life 101"
ParticipantThe "Truly Rich" dont drive…They are driven. The "wealthy" drive pretty subdued whips most of the time. The "Noveau Riche" drive all the flash and blingmobiles….Purple Lambo's, Screaming Yellow Ferarri's…etc. Sometimes really wealthy people do drive flash-mobiles too, depends on their M.O. Some very rich people WANT and must have the attention that goes with the Yellow Ferarri.
And then there's guy's like me, I generally dont car what anybody really thinks, I drive a new black Escalade with the big wheels. I put up with the occaisional "Stink Eye" I get from the electric car toyota Prius/john kerry bumper sticker types at red lights, everytime I see one of those, it reminds me to thank them for me being able to burn up their fair share of gas that they wont be needing…LOL……The "Slade" handles about 10 times better than my previous Denali and contains at least a whole forest of "Plastic colored faux wood"
I imagine an entire South American PLASTIC rain forest was demolished just for my dash board. As it should be. I also love the smell of leather.
I am a car guy. Proud of it too. I know what a fun experience driving a well designed, superior performance automobile is like and truly enjoy it, much like some of my other friends enjoy dining and blowing a ton of money on "over the top dinners" at fancy restaruants.
Memories of lifes experiences are all you get to take with you to your deathbed. Dont ever fool yourselves into thinking otherwise.
I would feel horrible if I drove a 4 cyl. Camry and died with 4-1/2 million in the bank. I wont have to worry about that though, Iam going to run out of money, idea's, Pro V1 golf balls, surf wax, gasoline, cigarettes, vision and viagra all at the same time in about 35 years or so if all goes according to plan. LOL !!! Life is not that serious for me, Iam trying to enjoy myself now, this country is doomed and we have a 7 billion person problem in the world…I see no easy way out. So ? Enjoy the ride Amigo's
ParticipantI think one would be wise to consider the possiblity that we are ALREADY in a deppression and have been since around 7/01. Coincidentally, the tragedy of 9-11 just happened to occur and that helped mask and distract the (sheeple) populace into believing that the tregedy was somehow responsible for the high tech bubble market collapse, Enron and all the rest of them after that.
Enter easy money and we are given an avenue of investing that will quickly and virtually pain free, garauntee a quick partial recovery of the dot com/ high tech collapse for a undetermined amount of time……Not completely avoid it, but detour the effects…..for a while anyway.
Maybe, just maybe,…Greenspan (easy Al) did what he did to prevent the pain of the depression for a few more years…….Nobody wants to be at the helm when the ship hits the rocks…But like physics, the laws of economics are hard and fast, you can with tremendous manipulation, slow the effects of it, temporarily detour its effects, but you can NEVER completely eliminate the effects of it and its necessary corrections.
If capitalism is going to work, corrections in markets MUST be allowed to occur unimpeded.
At some point in the future your bag of tricks will run low…….THATS the scary part, what will happen next ? Who knows, even the best of em are scared of the coming financial cycles…….Some say it will be a more severe depression than the one we would have got if they didnt manipulate the events that got us to here.
ParticipantCONCHO !!
That was a wonderful description of Texas ! I totally agree, I visited there once (never again) their waves in south Texas totally suck and the water looks like chocolate milk. I saw a small hammerhead shark cruising around while I was standing in chest deep water 300 yards from shore and never did get to the break, especially with that damned shark swimming around, I went back in and ate oysters and marvelled at how and why people would live here.
Sorr….y off topic rant, but I had to comment.
September 26, 2006 at 7:51 PM in reply to: Critique the analysis, not the person: professional behavior #36547ParticipantHard NOT to get emotional during such discussions. I like it ! Its kinda sassy ! Heated conversations are great. You get to find out who the real believers are and why. I am interested in everyones opinion on investment, unlike religion.
PowaySeller has some great analysis and a very sharp mind. Love her or hate her, she is one of my favorite posters here.
As far as the 1.46 million loans at risk…they are at RISK, …maybe none will default, maybe ALL will default. Its like bad credit, once you get it you get to go to the back of a long, ugly line. Doesnt matter how you got there in the lenders eyes, the only thing that matters is you are in THAT line. 1.46 million people are in a potentially similar line, like it or not they are the holders of questionable loans. They got into those loans for some reason, the same reasons are also why those loans are risky. They have a track record on non payment on some level.
ParticipantCharles Schwab wants you to dump stocks in favor of cash about as much as a dentist wants tooth decay to be eradicated.
They are covering their asses with that forecast. I would be surprised if there are many investors with Schwab that have over a million in assets invested with them. Its a discount brokerage. So to say "Move 5% to cash" and let the other stuff ride on in the market is ridiculous.
Lets say I have 1 million total in my portfolio, I move 5% (50 grand) to cash, the rest 950K in World Com, K mart, Enron stocks (you know..stable investments like THOSE were)….they are all shakey in my opinion its totally over valued, but the market tanks like she describes could happen in that treatise, ……NOW what ?
So I got 50G's left of my former 1 million in total portfolio of capital investment ? What the hell is that ? Who could possibly feel good about losing 950K (or there abouts) on foolish pumped and dumped stocks?
So you have 50 K left ? So what ? How long could you live on that ?
Like I said before, HOW MANY HUGE investors are trading with Schwab to give that kind of advice any meaning ? Very few I would imagine. So it gets filed in the round file for quality advice. Good numbers, good research, bad advice. Its takes a lot of money to MAKE money in the long run of stock markets. Ask Futures traders how hard and risky it is in reality.
September 18, 2006 at 5:29 PM in reply to: I cant take it anymore! It’s a TRACT house not a TRACK house #35744ParticipantI really don't like it when people incorrectly use the words "George Bush" instead of the more correct "asshole"
This example of points of confusion was the BEST however ! LMAO
This has been a wonderful thread. I am pretty sure I have been guilty of ALL of those grammatical and occaisonal spelling errors myself, I dont have the balls to look back and see. Too destructive to my sensitive ego.
ParticipantOffering 400K on a 450 listed price is NOT lowballing.
You can ALWAYS go up in offered price, but you can NEVER go down.
ParticipantCasino Wall Street Royale…….Good luck
September 12, 2006 at 7:26 AM in reply to: “Secret Seconds” Raise risk of MBS default, unknown to investors #35042ParticipantI think if yu REALLY research this, you'll find out that most of the MBS's were bought by the chinese markets. The CHINESE who own 90% of this shakey debt are the ones in for a rude awakening. Check it out
ParticipantWe are glad you've sold your property at the top ! It was a ballsy move waiting this long !
Could you not type in CAPS ? I almost got whiplash when I opened it !
Cheers !!!!!!!!!!!!!!!!!!!!!!!
ParticipantVancouver (VanKong as its affectionaltely known) might not be subject to such severe earthquakes like california is, but what I saw on the IMAXX theater titled “volcanoes”, is what the National agencies predict for Mt. Ranier or any number of them in the area is much worse. It paints a pretty bleak picture of the area from Seattle to Vancouver and more…….
I just happen to meet my new neighbors the other day, they were both from the Pacific N/W and happen to be geologist (one also a seismologist) for the govt and they moved down here because of what they said was a virtual “powder keg” of danger for the Pacific N/W with volcano eruptions and earthquakes.
What do they know ?
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