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sogon
ParticipantI have had a bad taste in mouth about national elections and I still do, unless the general election is Ron Paul vs Joseph Biden, I do not intend to even vote because it will be another beauty competition where the most ruthless bitch will always win. With those two in the race I would genuinely be undecided, which is really where we all ought to be, weighing the pros and cons of each position with those of each candidate. Not just buying some random propaganda, sadly I don’t think that day will ever come, American politics has been degenerating for years, a little economic turmoil may be just what the doctor ordered.
ParticipantI have had a bad taste in mouth about national elections and I still do, unless the general election is Ron Paul vs Joseph Biden, I do not intend to even vote because it will be another beauty competition where the most ruthless bitch will always win. With those two in the race I would genuinely be undecided, which is really where we all ought to be, weighing the pros and cons of each position with those of each candidate. Not just buying some random propaganda, sadly I don’t think that day will ever come, American politics has been degenerating for years, a little economic turmoil may be just what the doctor ordered.
ParticipantI have had a bad taste in mouth about national elections and I still do, unless the general election is Ron Paul vs Joseph Biden, I do not intend to even vote because it will be another beauty competition where the most ruthless bitch will always win. With those two in the race I would genuinely be undecided, which is really where we all ought to be, weighing the pros and cons of each position with those of each candidate. Not just buying some random propaganda, sadly I don’t think that day will ever come, American politics has been degenerating for years, a little economic turmoil may be just what the doctor ordered.
ParticipantI have had a bad taste in mouth about national elections and I still do, unless the general election is Ron Paul vs Joseph Biden, I do not intend to even vote because it will be another beauty competition where the most ruthless bitch will always win. With those two in the race I would genuinely be undecided, which is really where we all ought to be, weighing the pros and cons of each position with those of each candidate. Not just buying some random propaganda, sadly I don’t think that day will ever come, American politics has been degenerating for years, a little economic turmoil may be just what the doctor ordered.
ParticipantMost houses in the US have property taxes, and even if they don’t the federal government can put a lean on your house to collect income tax. So in effect your house in the US is also owned by the people.
ParticipantMost houses in the US have property taxes, and even if they don’t the federal government can put a lean on your house to collect income tax. So in effect your house in the US is also owned by the people.
September 23, 2007 at 10:21 AM in reply to: Suggestions for a basic book on stock market and investments? #85608ParticipantI wouldn’t recommend investing yourself, unless you are in it for the long haul. I prefer the technique of buying stocks for products which I use and like. If you like Apple computers, buy Apple stock. Other than that I would agree that you may as well just buy an ETF. And track the market. If you are looking for ways to hedge against economic downturn or other events which are discussed here, I would suggest holding your money in a saving account until you read not a simple book, but are able to get through 3 or 4 complex ones and fully understand the implications of your trading.
Wall street is basically a casino, so the only real question is how much are you willing to gamble with, and will you bet on yourself or on the house. Betting on the house would generally be considered prudent, basically buy and hold, for the long run.
If you think the market is likely to decline in the near term, I would recommend looking into other investments other than the stock market, don’t “short” or buy inverse funds. Check out gold or stable foreign currencies, there are ETFs which you can purchase for either and are probably much safer than a short, as they are not inversely correlated to the US stock market, but may continue to gain regardless of the state of the stock market.
Investing does not have to be “the stock market”, I urge you to explore alternate investments that are much easier to understand for the novice investor. I would look for a book who teaches how to attain your goals, rather than perform technical feats.
Regardless of the state of the market, sell you options as soon as they are profitable. It is generally considered a bad idea to own the stock of the company for which you work. Think worldcom, enron, you might lose your job and all of your investments at the same time.
ParticipantLookoutBelow, I also am foreseeing a rate hike, as I believe the FED is more interested in appeasing foreign investors and protecting the dollar than a rate cut that will likely have little positive effect on the economy.
I have a strong belief that the FED will act prudently in this case and not succumb to pressures from individual industries.Participant“getting hammered”, its interesting that buying a depreciating asset such as a house is considered by many a horrible idea. But how many of the people on this site buy a new car?? probably all of us. Even a used car depreciates in value, only a speculator would really care about the value of the house he/she intends to reside in, if its for the long term, who cares.
ParticipantThey are usually referred to as an MIL (Mother in Law), or sometimes as a non-permit duplex.
ParticipantWatch the prices of everything, housing, stocks, commodities, energy etc. Also listen to the news, at the point when every talking head, and all your friends tell you not to buy something because the price is going to be down forever. That is when you buy it.
Irrational fear is what you are looking for. When everyone else is afraid, you need to have courage and buy into the market everyone else is running from. Then when everyone else is buying back into that market, and you can’t turn you head without hearing about how great it is, sell.ParticipantYou don’t believe the FED and the heads of the major banks secretly manipulate the stock market? I have no doubt that they have reasons to do so, possible even benign, such as preventing recession. Conspiracy doesn’t have to be evil it just has to be secret.
And my question is, is illegal to manipulate the stock market. These guys do it every day in secret.
Secretly manipulating the stock market hmmmm, sounds like a conspiracy.ParticipantI have no experience with this market however “figures are just a little over the rental cost with one important caveat–the market does not go down! ”
The market WILL go down. If you are trying to evaluate rent vs. owning, you have to consider property taxes, home owners dues etc.
“One of the sales persons I spoke with thought that the low end and the high end would hold up just fine”The sales person will always tell you what every you want to hear in order to get you to buy.
Have your son rent a unit for a year or two, after that if he still likes the lofts I’m sure the price will be even lower than it is now, or if the sales person is correct it will be about the same.
Also, I have lived in lofts in other cities, and much of the “charm” wears off pretty quickly. I have also lived urban areas that have been “cleaned up”, the clean up doesn’t persist into the night. Go by one of the areas at 3am and take a look around, do you feel safe? Is there any hookers, drug dealers, sketchy people around? While this may be acceptable, I would hear pimps yelling at their girls and other misc “unclean” activities.
ParticipantIf you look at an inflation adjusted chart of any boom, stock housing whatever. The down slope almost always completes into a near perfect bell curve. So depending on where you think this boom started, 2000 maybe?, then you can predict that it will fall to 2000 prices adjusted for inflation. It is also important to see that the downslope is almost always the same length as the up, showing that the bottom won’t occur until about 2013 or so.
The real X-Factor is that the government has been hiding the true rate of inflation so it isn’t all that easy to adjust the prices. It may well be that by 2013 inflation will have kept non-adjusted housing prices more or less steady.
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