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XBoxBoy
Participant[quote=bearishgurl] I would not make an offer on RE based upon belief or presumption but upon fact, if the main reason or one of the reasons for the purchase was a certain “guaranteed” public school admission in the distant future.[/quote]
Actually I don’t think school districts are ever guaranteed. Districts can change as enrollment and development changes. Since this area is on the border (and currently marked as optional) It would probably be one of the first areas to be removed from LJHS district if LJHS became overcrowded.
Having said that, from what I know, LJHS is currently underenrolled so it’s unlikely that this border area will be kicked out of the LJHS district any time soon. But you never know.
XBoxBoy
Participant[quote=bearishgurl] I would not make an offer on RE based upon belief or presumption but upon fact, if the main reason or one of the reasons for the purchase was a certain “guaranteed” public school admission in the distant future.[/quote]
Actually I don’t think school districts are ever guaranteed. Districts can change as enrollment and development changes. Since this area is on the border (and currently marked as optional) It would probably be one of the first areas to be removed from LJHS district if LJHS became overcrowded.
Having said that, from what I know, LJHS is currently underenrolled so it’s unlikely that this border area will be kicked out of the LJHS district any time soon. But you never know.
XBoxBoy
Participant[quote=urbanrealtor]Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?[/quote]
The view of many economists (and probably Ben Bernanke) is that there is no need to have gold in the vault. Others would counter that having all this gold helps provide credibility (and stability) to the dollar. If there was a serious dollar crisis, the fed could always use the gold to help shore up the dollar. Think of it as an insurance policy, you don’t really need it, until you need it.
There’s another possible explanation, because it’s there. Openly selling it could be too disruptive to the markets. It would be hard to estimate what reaction the markets would have to an announcement that the fed was selling all it’s gold. So, no one wants to chance the reaction from selling it all. (Although presumably you could sell it off slowly and quietly and I think that’s what Ron Paul thinks has happened.)
Personally, I think it’s a combination of reasons. But as far as I know, there isn’t an overwhelming reason to have that gold in the vault since we don’t back our dollars with it.
Just my two ingots.
Participant[quote=urbanrealtor]Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?[/quote]
The view of many economists (and probably Ben Bernanke) is that there is no need to have gold in the vault. Others would counter that having all this gold helps provide credibility (and stability) to the dollar. If there was a serious dollar crisis, the fed could always use the gold to help shore up the dollar. Think of it as an insurance policy, you don’t really need it, until you need it.
There’s another possible explanation, because it’s there. Openly selling it could be too disruptive to the markets. It would be hard to estimate what reaction the markets would have to an announcement that the fed was selling all it’s gold. So, no one wants to chance the reaction from selling it all. (Although presumably you could sell it off slowly and quietly and I think that’s what Ron Paul thinks has happened.)
Personally, I think it’s a combination of reasons. But as far as I know, there isn’t an overwhelming reason to have that gold in the vault since we don’t back our dollars with it.
Just my two ingots.
Participant[quote=urbanrealtor]Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?[/quote]
The view of many economists (and probably Ben Bernanke) is that there is no need to have gold in the vault. Others would counter that having all this gold helps provide credibility (and stability) to the dollar. If there was a serious dollar crisis, the fed could always use the gold to help shore up the dollar. Think of it as an insurance policy, you don’t really need it, until you need it.
There’s another possible explanation, because it’s there. Openly selling it could be too disruptive to the markets. It would be hard to estimate what reaction the markets would have to an announcement that the fed was selling all it’s gold. So, no one wants to chance the reaction from selling it all. (Although presumably you could sell it off slowly and quietly and I think that’s what Ron Paul thinks has happened.)
Personally, I think it’s a combination of reasons. But as far as I know, there isn’t an overwhelming reason to have that gold in the vault since we don’t back our dollars with it.
Just my two ingots.
Participant[quote=urbanrealtor]Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?[/quote]
The view of many economists (and probably Ben Bernanke) is that there is no need to have gold in the vault. Others would counter that having all this gold helps provide credibility (and stability) to the dollar. If there was a serious dollar crisis, the fed could always use the gold to help shore up the dollar. Think of it as an insurance policy, you don’t really need it, until you need it.
There’s another possible explanation, because it’s there. Openly selling it could be too disruptive to the markets. It would be hard to estimate what reaction the markets would have to an announcement that the fed was selling all it’s gold. So, no one wants to chance the reaction from selling it all. (Although presumably you could sell it off slowly and quietly and I think that’s what Ron Paul thinks has happened.)
Personally, I think it’s a combination of reasons. But as far as I know, there isn’t an overwhelming reason to have that gold in the vault since we don’t back our dollars with it.
Just my two ingots.
Participant[quote=urbanrealtor]Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?[/quote]
The view of many economists (and probably Ben Bernanke) is that there is no need to have gold in the vault. Others would counter that having all this gold helps provide credibility (and stability) to the dollar. If there was a serious dollar crisis, the fed could always use the gold to help shore up the dollar. Think of it as an insurance policy, you don’t really need it, until you need it.
There’s another possible explanation, because it’s there. Openly selling it could be too disruptive to the markets. It would be hard to estimate what reaction the markets would have to an announcement that the fed was selling all it’s gold. So, no one wants to chance the reaction from selling it all. (Although presumably you could sell it off slowly and quietly and I think that’s what Ron Paul thinks has happened.)
Personally, I think it’s a combination of reasons. But as far as I know, there isn’t an overwhelming reason to have that gold in the vault since we don’t back our dollars with it.
Just my two ingots.
ParticipantGreat, just fornicating great!
Yeah, unemployment is at record highs, the economy looks to be headed for a double dip, real estate is propped up by the govt. but Obama’s got a nice taupe office. Great, just fornicating great!
ParticipantGreat, just fornicating great!
Yeah, unemployment is at record highs, the economy looks to be headed for a double dip, real estate is propped up by the govt. but Obama’s got a nice taupe office. Great, just fornicating great!
ParticipantGreat, just fornicating great!
Yeah, unemployment is at record highs, the economy looks to be headed for a double dip, real estate is propped up by the govt. but Obama’s got a nice taupe office. Great, just fornicating great!
ParticipantGreat, just fornicating great!
Yeah, unemployment is at record highs, the economy looks to be headed for a double dip, real estate is propped up by the govt. but Obama’s got a nice taupe office. Great, just fornicating great!
ParticipantGreat, just fornicating great!
Yeah, unemployment is at record highs, the economy looks to be headed for a double dip, real estate is propped up by the govt. but Obama’s got a nice taupe office. Great, just fornicating great!
ParticipantMatt, one last comment.
Don’t take any of my comments as saying you have to have a realtor. I’m just saying that going without a realtor isn’t going to be as easy and productive as many people make it sound. It’s up to you to decide which route you are most comfortable with.
Heck when I started looking I even looked into getting my own RE license just so I could handle it myself.
Here’s the old thread.
http://piggington.com/getting_re_license_for_myselfParticipantMatt, one last comment.
Don’t take any of my comments as saying you have to have a realtor. I’m just saying that going without a realtor isn’t going to be as easy and productive as many people make it sound. It’s up to you to decide which route you are most comfortable with.
Heck when I started looking I even looked into getting my own RE license just so I could handle it myself.
Here’s the old thread.
http://piggington.com/getting_re_license_for_myself -
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