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The-Shoveler
ParticipantAgain
“Never take out debt in a currency your country does not control.”The debt was in USA dollars.
I would add as well,
Never take out Debt that has to be paid back in gold, or something similar (or tries to act like) gold.
Put another way,
Never take out debt in anything that appreciates relative to your labor or goods.
ParticipantYea except they have to come to your country controlled by your police and army to attempt to take the house back.
ever try to get your money back from a Nigerian prince
ParticipantMy guess if you are an Argentinian and have debt in Argentinian currency, it just got a lot easier to pay.
I had one friend in whose parents lived in Peru,
He described it as paying more for the spark plugs for his car than he paid for his house 10 years ago.
ParticipantNever take out debt in a currency your country does not control.
Unless you fully plan to default in advance.Not saying this is what Argentina did but that would be my advice anyway.
Most all their exports will most likely be in US dollars so My guess this will not be as bad as the hype says.
Participant[quote=scaredyclassic]
althoug health care is pretty good in Israel, and I think free…[/quote]
Israel was basically founded as a socialist country.
Go figure.
July 23, 2014 at 9:39 AM in reply to: OT: Portable Air Conditioner for a room vs. Central air to save money? #777004ParticipantI keep having this Image of the Hitchcock movie “rear Window”.
ParticipantMy first car I got trading a Dirt bike (OK my parents did buy me the dirt bike), but it needed a new transmission which I got out of a junk yard.
My next car was the one and only car I ever took out a loan for but I kept it 16 years.
Now I only buy used cars, generally there is something that needs to be fixed, and I pay cash.
ParticipantWell if you consider a flower shop or restaurant (etc…) a start-up.
Then yes I think it is very common.
ParticipantI want,
1) My own private Island off the coast of California with a helicopter to get back and forth.
2) A Ocean view McMansion in Del Mar as a second home.
3) An Ikea in Temecula.
5) a New Truck.
ParticipantOK sure, no more sprawl.
I guess we will see if we live 20 or so more years.
I say you will see it.
ParticipantOthers want schools for kids etc…
I believe AN
1) had a home
2) had a job.If you have none of the above you move to where you can find one, usually things work out.
ParticipantThat why sprawl LOL.
Moving to where they can afford.
ParticipantIt’s just the project growth for SoCal, L.A. is out of build-able land and has been for a while.
Sure some of that will end up being in Riverside county but they will be commuting into SD one way or the other.Population growth is expect to accelerate as well in the USA over the next 30 years.
(going from 300 mill to 400 mill)
Year Projection Actual result
2010 310,232,863 308,745,538
2020 341,386,665
2030 373,503,674
2040 405,655,295
2050 439,010,253Charlton Heston said it best maybe in a 1970’s movie.
ParticipantLike it or not the population of SD is likely to double over the next 30-50 or so years.
They got to live somewhere, High density living is not in native Californian’s DNA (for lack of a better way to put it).
I am not saying it’s good.
I am not saying it’s bad.
just unavoidable. -
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