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PerryChase
ParticipantToo big to fail.
Ford will also eventually be bailed out. Perhaps 2008 or 2012 elections? Ohio, Illinois, Michigan are important electoral states.
ParticipantI’ll watching with interest. We lectured the Japanese about bitting the bullet and writting off the bad loans. Will we be able to let the chips fall where they may?
ParticipantIf I were you I’d wait 3 more years and buy a resale unit. I guess studio will be $150k and 1/1 $180k.
August 24, 2006 at 10:01 AM in reply to: I think we’re past the point of treating Permabulls with Kid Gloves #32998ParticipantLookoutBelow, what a great analogy. You made my day!
ParticipantExcel?! You need an accounting software. It depends how many properties you have to manage. Say you have 3 properties, Quickbooks will work just fine (about $100 at Staples or mail-order). Quickbooks has different levels but the basic one would work just fine.
If you have dozens of properties, you need more sophisticated sofware to track rent and repair history on each unit. There are so many software applications. TenantPro is not bad.
Keeping a file folder with written record for each unit is also recommended.
ParticipantManaging property sounds nice. There are benefits but be prepared for that nightmare tenant — one who will trash your place and walk. People start out with good intentions but when they get angry, watch out.
August 23, 2006 at 10:13 PM in reply to: It’s official: NBC Nightly News trumpets the slowdown #32938ParticipantI think that new home sales info comes out tomorrow. Real Estate will be big news again I beleive.
ParticipantYes, I grew up in France. My mother is American so that’s how I’m American also.
I support an alternative to English but I don’t believe in legislating what people speak. Regardless of what the Academy says, English is used in France all the time. Globalization is causing pains for the French more than it is for America. In Paris, it’s actually cool (not snobbish) to throw some English words in when speaking French – just like it’s a status thing (but snobbish) to use French words in English.
My view is that American pop culture, lifestyle and economic model are the best way for America to extend its influence. Try as they may to resist, the French are becoming more American everyday. The youth eat at Mc Donald’s, drink Coca Cola, and listen to American music and copy American fashion. New York urban fashion is now much more significant than French Haute Couture. I see that every time I go to France.
Sad at it is, local culture is loosing out to globalization. Globalization is relentless and cannot be stopped; so we need to find a way to make the best of it. Actually, despite cultural differences, people everywhere are really all the same. We all want to have peaceful rewarding lives. I say that from experience because I grew up in many countries (dad was traveling) and I’ve been to many places on my own also.
ParticipantActually what Mexico does is not as important as what we do.
If we integrate the people who are in USA now and make them productive members of our society, we’ll be the better for it. By marginalizing immigrants, we are only enlarging the cultural devide, not integrating anyone into society.
Bilingual education is good for English speakers and for Spanish speakers. Wouldn’t it wonderful if everyone in America were fluent in both languages? Let’s not think of bilingual education as a costly accommocation to the immigrants. It’s an opportunity for all kids to learn two languages at once. They will grow up to become more productive and learned citizens.
Personally, I think it’s a shame that some immigrants choose not to teach their native language to their children in the name of assimilation. For example, I have a professional friend of Chinese descent whose parents came to America in 1950. His parents never taught him Chinese. If he spoke Chinese, his career opportunities would be much greater. He could work for all kinds of businesses that trade with China.
If we speak Spanish and trade with Mexico, we can create opportunities for Mexico and for us. We can enlarge the economic pie and help Mexico improve its economy so Mexican workers no longer feel compelled to migrate North. A richer Mexico will become a better business partner for America.
If your neighbors are poor then the whole neighborhood goes now; but if your neighbors can fix-up their properties, then values will go up. Why not give your neighbors a hand?
Participantsdrealtor, what is your prediction? You're one of the most optimistic here.
Participantdavidpeace, if you want to buy and that makes you happy, please buy.
Also please come back next year and tell us how you’re enjoying your new neighborhood.
ParticipantPD, you can immigrate to Mexico and after due process, you can become a Mexican citizen with all the rights accorded to citizens. Many Europeans have come to Mexico that same way. The same applies to America.
Immigrants in America are guests and can be deported for almost any type of violation of the law. We choose not to in many cases, but our immigrations laws are not lenient. It's the enforcement of the law that is lacking. As you may have read, many muslim legal immigrants have been deported for technicalities because they simply were persona non-grata.
I support legal immigration. And I support legalizing the people who are already here.
ParticipantDiego, it's the Republican marketing machine. When things go awry they bash immigrants. Prop 187 and Pete Wilson were products of the 1990's recession.
When Iraq and the economy go south, they'll just deflect and blame the immigrants who can't vote. How convenient.
deadzone, social services are NOT available to illegals (that's just a myth) Emergency room medical is all that is available. If you get into an accident in Mexico, yes, they would take care of you in their hospital… and if you can't pay, they can't collect.
Participantsvferris, there are plenty of people here who can afford to buy but don't wish to overpay when they can rent a similar house for 50% the cost of owning. The 50% delta can be saved and invested wisely for the future.
davidpeace, whatever your decision is, keep up updated on your homeownership experience.
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