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stockstradr
ParticipantI have to stick with budget priced wines. I wish we could afford a couple of $30 bottles of wine each week, but cannot.
So my current favorite budget red is the Blackstone Merlot for $7/bottle. How can you beat THAT value!
Admittedly the Blackstone is a blended Merlot, yet quite good (at that price) especially when bought after it has aged 5-7 years.
It sure is better tasting than the Yellowtail that Australia churns out by the bizillions of bottles. And even I will drink Yellowtail from time to time.
QUESTION: what do you think is the most drink-able, best tasting variety from Yellowtail?
I’m asking because I really do want your opinion, as I’m unsure on this point.
And don’t flame me. Believe me, I know I’m using the term “best tasting” very loosely when applying it to Yellowtail. I acknowledge we are talking here about dredging the bottom tier of wines for something that is at least tolerable as a dinner red.
stockstradr
ParticipantI have to stick with budget priced wines. I wish we could afford a couple of $30 bottles of wine each week, but cannot.
So my current favorite budget red is the Blackstone Merlot for $7/bottle. How can you beat THAT value!
Admittedly the Blackstone is a blended Merlot, yet quite good (at that price) especially when bought after it has aged 5-7 years.
It sure is better tasting than the Yellowtail that Australia churns out by the bizillions of bottles. And even I will drink Yellowtail from time to time.
QUESTION: what do you think is the most drink-able, best tasting variety from Yellowtail?
I’m asking because I really do want your opinion, as I’m unsure on this point.
And don’t flame me. Believe me, I know I’m using the term “best tasting” very loosely when applying it to Yellowtail. I acknowledge we are talking here about dredging the bottom tier of wines for something that is at least tolerable as a dinner red.
stockstradr
ParticipantLaugh if you want, but….
We’re now shopping for a home in Silicon Valley.
However, since we’re only going in with 10% down, mortgage rates are far more important to us than the concern of home values continuing to fall some additional (hopefully moderate) amount.
I still believe (opinion expressed at least six month ago on here) that after we move through this deflationary recession, then next comes a period of transition to very high inflation, which I’m defining as 10% or above CPI. So probably within a few years I see mortgage rates well above 10%. The smart move is to buy heavily discounted homes using a fixed rate loan and get help from high inflation to make future loan payments with dollars worth less and less each year.
I know investors that are already VERY cash-flow-positive on homes they bought within the last six months and are now renting, particularly in the outlying run-down areas of the Bay Area. We are talking about homes that are discounted 60% to 70% off peak values, located in Oakland, Stockton, Richmond. In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
You think those investors give a shit if those rental properties fall another 15% in value? They don’t care because they are significantly cash-flow positive, so now they just sit back and let the renters pay rent for twenty years (and pay off the mortgage!)
stockstradr
ParticipantLaugh if you want, but….
We’re now shopping for a home in Silicon Valley.
However, since we’re only going in with 10% down, mortgage rates are far more important to us than the concern of home values continuing to fall some additional (hopefully moderate) amount.
I still believe (opinion expressed at least six month ago on here) that after we move through this deflationary recession, then next comes a period of transition to very high inflation, which I’m defining as 10% or above CPI. So probably within a few years I see mortgage rates well above 10%. The smart move is to buy heavily discounted homes using a fixed rate loan and get help from high inflation to make future loan payments with dollars worth less and less each year.
I know investors that are already VERY cash-flow-positive on homes they bought within the last six months and are now renting, particularly in the outlying run-down areas of the Bay Area. We are talking about homes that are discounted 60% to 70% off peak values, located in Oakland, Stockton, Richmond. In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
You think those investors give a shit if those rental properties fall another 15% in value? They don’t care because they are significantly cash-flow positive, so now they just sit back and let the renters pay rent for twenty years (and pay off the mortgage!)
stockstradr
ParticipantLaugh if you want, but….
We’re now shopping for a home in Silicon Valley.
However, since we’re only going in with 10% down, mortgage rates are far more important to us than the concern of home values continuing to fall some additional (hopefully moderate) amount.
I still believe (opinion expressed at least six month ago on here) that after we move through this deflationary recession, then next comes a period of transition to very high inflation, which I’m defining as 10% or above CPI. So probably within a few years I see mortgage rates well above 10%. The smart move is to buy heavily discounted homes using a fixed rate loan and get help from high inflation to make future loan payments with dollars worth less and less each year.
I know investors that are already VERY cash-flow-positive on homes they bought within the last six months and are now renting, particularly in the outlying run-down areas of the Bay Area. We are talking about homes that are discounted 60% to 70% off peak values, located in Oakland, Stockton, Richmond. In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
You think those investors give a shit if those rental properties fall another 15% in value? They don’t care because they are significantly cash-flow positive, so now they just sit back and let the renters pay rent for twenty years (and pay off the mortgage!)
stockstradr
ParticipantLaugh if you want, but….
We’re now shopping for a home in Silicon Valley.
However, since we’re only going in with 10% down, mortgage rates are far more important to us than the concern of home values continuing to fall some additional (hopefully moderate) amount.
I still believe (opinion expressed at least six month ago on here) that after we move through this deflationary recession, then next comes a period of transition to very high inflation, which I’m defining as 10% or above CPI. So probably within a few years I see mortgage rates well above 10%. The smart move is to buy heavily discounted homes using a fixed rate loan and get help from high inflation to make future loan payments with dollars worth less and less each year.
I know investors that are already VERY cash-flow-positive on homes they bought within the last six months and are now renting, particularly in the outlying run-down areas of the Bay Area. We are talking about homes that are discounted 60% to 70% off peak values, located in Oakland, Stockton, Richmond. In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
You think those investors give a shit if those rental properties fall another 15% in value? They don’t care because they are significantly cash-flow positive, so now they just sit back and let the renters pay rent for twenty years (and pay off the mortgage!)
stockstradr
ParticipantLaugh if you want, but….
We’re now shopping for a home in Silicon Valley.
However, since we’re only going in with 10% down, mortgage rates are far more important to us than the concern of home values continuing to fall some additional (hopefully moderate) amount.
I still believe (opinion expressed at least six month ago on here) that after we move through this deflationary recession, then next comes a period of transition to very high inflation, which I’m defining as 10% or above CPI. So probably within a few years I see mortgage rates well above 10%. The smart move is to buy heavily discounted homes using a fixed rate loan and get help from high inflation to make future loan payments with dollars worth less and less each year.
I know investors that are already VERY cash-flow-positive on homes they bought within the last six months and are now renting, particularly in the outlying run-down areas of the Bay Area. We are talking about homes that are discounted 60% to 70% off peak values, located in Oakland, Stockton, Richmond. In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
You think those investors give a shit if those rental properties fall another 15% in value? They don’t care because they are significantly cash-flow positive, so now they just sit back and let the renters pay rent for twenty years (and pay off the mortgage!)
November 26, 2008 at 8:52 AM in reply to: Ideas for short-term trades? Where are markets headed? #309139stockstradr
ParticipantI think you’re right. I smell a temporary rally coming in the housing market.
Government intervention. That’s the wild card now at play in the housing market.
November 26, 2008 at 8:52 AM in reply to: Ideas for short-term trades? Where are markets headed? #309505stockstradr
ParticipantI think you’re right. I smell a temporary rally coming in the housing market.
Government intervention. That’s the wild card now at play in the housing market.
November 26, 2008 at 8:52 AM in reply to: Ideas for short-term trades? Where are markets headed? #309526stockstradr
ParticipantI think you’re right. I smell a temporary rally coming in the housing market.
Government intervention. That’s the wild card now at play in the housing market.
November 26, 2008 at 8:52 AM in reply to: Ideas for short-term trades? Where are markets headed? #309547stockstradr
ParticipantI think you’re right. I smell a temporary rally coming in the housing market.
Government intervention. That’s the wild card now at play in the housing market.
November 26, 2008 at 8:52 AM in reply to: Ideas for short-term trades? Where are markets headed? #309608stockstradr
ParticipantI think you’re right. I smell a temporary rally coming in the housing market.
Government intervention. That’s the wild card now at play in the housing market.
November 24, 2008 at 8:28 AM in reply to: OT: Wow. LCD’s have come down quite a bit in prices… #308666stockstradr
Participant>>The blank media is still too expensive.
Agreed. However, I’m in China having been here so far another three weeks. Some shops now have the blu-ray knock-offs, but I haven’t had chance to check quality. I didn’t check the prices of those blu-ray here yet. Still you can get those blu-ray from Netflix.
I just picked up another DVD player that is region-free on codes. However those DVD players here are rather expensive, about $60 for the cheapest. The region-free DVD models that have the 1080p HDMI outputs are as much as $130.
Prices of EVERYTHING (except DVD’s) in China that I typically buy have gone up far more than the exchange rate has moved over the last three years.
November 24, 2008 at 8:28 AM in reply to: OT: Wow. LCD’s have come down quite a bit in prices… #308685stockstradr
Participant>>The blank media is still too expensive.
Agreed. However, I’m in China having been here so far another three weeks. Some shops now have the blu-ray knock-offs, but I haven’t had chance to check quality. I didn’t check the prices of those blu-ray here yet. Still you can get those blu-ray from Netflix.
I just picked up another DVD player that is region-free on codes. However those DVD players here are rather expensive, about $60 for the cheapest. The region-free DVD models that have the 1080p HDMI outputs are as much as $130.
Prices of EVERYTHING (except DVD’s) in China that I typically buy have gone up far more than the exchange rate has moved over the last three years.
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