Forum Replies Created
-
AuthorPosts
-
moneymaker
ParticipantThe next tippng point will be food. Coffee has been fallling for a long time,i know it’s not really food, now it is starting to rise. Food in my opinion has been undervalued for a long time,8-10 years. Now when food prices go up everyone will feel it and that will start the inflationary cycle.
moneymaker
ParticipantThe next tippng point will be food. Coffee has been fallling for a long time,i know it’s not really food, now it is starting to rise. Food in my opinion has been undervalued for a long time,8-10 years. Now when food prices go up everyone will feel it and that will start the inflationary cycle.
August 29, 2009 at 11:23 AM in reply to: Who got the better deal in this decline;l you or big money #450294moneymaker
ParticipantLet’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
August 29, 2009 at 11:23 AM in reply to: Who got the better deal in this decline;l you or big money #450486moneymaker
ParticipantLet’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
August 29, 2009 at 11:23 AM in reply to: Who got the better deal in this decline;l you or big money #450823moneymaker
ParticipantLet’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
August 29, 2009 at 11:23 AM in reply to: Who got the better deal in this decline;l you or big money #450895moneymaker
ParticipantLet’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
August 29, 2009 at 11:23 AM in reply to: Who got the better deal in this decline;l you or big money #451083moneymaker
ParticipantLet’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
moneymaker
ParticipantI think that was smart, I personally would do the same thing. So that’s why the market went down this morning.
moneymaker
ParticipantI think that was smart, I personally would do the same thing. So that’s why the market went down this morning.
moneymaker
ParticipantI think that was smart, I personally would do the same thing. So that’s why the market went down this morning.
moneymaker
ParticipantI think that was smart, I personally would do the same thing. So that’s why the market went down this morning.
moneymaker
ParticipantI think that was smart, I personally would do the same thing. So that’s why the market went down this morning.
moneymaker
ParticipantI would do #2, or even better yet sell the condo to somebody that has a decent down as a 5 year interest only loan, then when they default down the road you can resell the condo for hopefully more dough. Isn’t this the really successful business that banks are in. Seriuosly though a condo is a no-no as an investment, buying it out of town makes it even worse. I personally would sell it,carry the paper on an i/o loan. It’s a win-win, you make good interest on the loan because the buyer has lousy credit or you resell it down the road (assuming the worst, that the buyer loses their job)when the market recovers. Third choice, move to Arizona, I hear the heat can be bearable if you have A/C. P.S.- I was born there but because of heatstroke I really don’t remember much.J/K
moneymaker
ParticipantI would do #2, or even better yet sell the condo to somebody that has a decent down as a 5 year interest only loan, then when they default down the road you can resell the condo for hopefully more dough. Isn’t this the really successful business that banks are in. Seriuosly though a condo is a no-no as an investment, buying it out of town makes it even worse. I personally would sell it,carry the paper on an i/o loan. It’s a win-win, you make good interest on the loan because the buyer has lousy credit or you resell it down the road (assuming the worst, that the buyer loses their job)when the market recovers. Third choice, move to Arizona, I hear the heat can be bearable if you have A/C. P.S.- I was born there but because of heatstroke I really don’t remember much.J/K
-
AuthorPosts
