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zk
Participant[quote=jficquette]
Where did you get your proof from??
John[/quote]
Well, first of all, I’m not the one saying that anything is “proven.” That’s your word. I consider next to nothing “proven” to me by the internet. Or by the news media, for that matter.
So what do I base my decisions on? Well, it’s complicated. I use a variety of inputs and factors to get as close to the truth as I can.
First of all, I consider the source any time I read about or hear something. If the person reporting is a reporter for a major newspaper, he carries more credibility than Joe the Blogger. Sure, that’s not foolproof. But a newspaper reporter’s job involves journalistic integrity, and he may lose that job if he’s found to be reporting things that aren’t true. Also, they have a long history of accurate reporting. Not perfect, but usually fairly accurate. Joe the Blogger, on the other hand, has a history of making stuff up to further his cause. He’s usually got a pretty firm agenda. Again, sometimes bloggers may be right on the money. But, in general, they are somewhat unreliable.
Another major tool I use is corroboration. If one blogger says something, and then lots of relatively reliable media outlets pick it up, check it out, and corroborate it, that carries a lot of weight. If one blogger says something, and all the other bloggers that share his agenda pick it up and repeat it, that carries very little weight.
A third thing I try to do is to look at things from a historical perspective. Has this happened before? When, how, why? How does the previous incident relate to this one? What can I learn from what happened then? Did the previous 37 incidents like this one turn out to be something that Joe Blogger made up?
There are other tools I use, but my break is over and I have to get back to work. I think you get the picture, though. Trying to get close to the truth and knowing that, in the end, you have to make decisions based on less information than you’d like to have is less comfortable than the easy certitude that many people enjoy. But I think it’s my duty as a voter to base my decision on who to vote for on as much information as I can. I think that making decisions in life is the same way.
Participanturbanrealtor,
Thanks for the info. It’s a pretty important point for me, so, yes, any further info you could give me would be greatly appreciated.
Thanks again.
Participanturbanrealtor,
Thanks for the info. It’s a pretty important point for me, so, yes, any further info you could give me would be greatly appreciated.
Thanks again.
Participanturbanrealtor,
Thanks for the info. It’s a pretty important point for me, so, yes, any further info you could give me would be greatly appreciated.
Thanks again.
Participanturbanrealtor,
Thanks for the info. It’s a pretty important point for me, so, yes, any further info you could give me would be greatly appreciated.
Thanks again.
Participanturbanrealtor,
Thanks for the info. It’s a pretty important point for me, so, yes, any further info you could give me would be greatly appreciated.
Thanks again.
ParticipantDWCAP, I’m not expecting any gurus to show me the light. Just a tidbit of info or advice here or there would be great.
Why? To make money. As I said, I don’t think there’s any money in it right now. But I think there will be a few years from now. And I want to be ready when that happens.
At some point the market will turn around and prices will start going up again. The only question is when. I don’t think they’ll go up any time soon, and I don’t think they’ll go up fast for another seven or eight years at the very least. Maybe not for 15 years. But they’ll go up. And if I can get in at or near the bottom by buying houses that banks are giving a discount on in order to unload them, then I should be in good shape. If I can get a few that are cash-flow positive, then I can hold on to them indefinitely as rentals. Either or both of those would be fine. As I said in my original post, I don’t know yet whether my plan will be rentals or flips or both.
As far as the greater fool theory, that only applies if houses are fundamentally overpriced. Which they still are. But which they may not be within a few years. If some confluence of events prevents houses from becoming sensible investments, I won’t do it. But I think it will become profitable at some point in the next few years.
I’m 47 years old, and I’m eligible to retire from my job right now with a 70k pension. But I have a daughter who will be in college in 11 years, and I plan on living another 30 or so, so that isn’t enough. I’m renting right now and have high six figures to invest. I figure that if I put that into residential real estate when it’s more sensible than it is right now, I should be able to have a comfortable retirement and be protected from inflation.
That’s my plan, anyway. All input, contrary and otherwise, is appreciated. I’d like to see it from all angles before I start plunking down money.
ParticipantDWCAP, I’m not expecting any gurus to show me the light. Just a tidbit of info or advice here or there would be great.
Why? To make money. As I said, I don’t think there’s any money in it right now. But I think there will be a few years from now. And I want to be ready when that happens.
At some point the market will turn around and prices will start going up again. The only question is when. I don’t think they’ll go up any time soon, and I don’t think they’ll go up fast for another seven or eight years at the very least. Maybe not for 15 years. But they’ll go up. And if I can get in at or near the bottom by buying houses that banks are giving a discount on in order to unload them, then I should be in good shape. If I can get a few that are cash-flow positive, then I can hold on to them indefinitely as rentals. Either or both of those would be fine. As I said in my original post, I don’t know yet whether my plan will be rentals or flips or both.
As far as the greater fool theory, that only applies if houses are fundamentally overpriced. Which they still are. But which they may not be within a few years. If some confluence of events prevents houses from becoming sensible investments, I won’t do it. But I think it will become profitable at some point in the next few years.
I’m 47 years old, and I’m eligible to retire from my job right now with a 70k pension. But I have a daughter who will be in college in 11 years, and I plan on living another 30 or so, so that isn’t enough. I’m renting right now and have high six figures to invest. I figure that if I put that into residential real estate when it’s more sensible than it is right now, I should be able to have a comfortable retirement and be protected from inflation.
That’s my plan, anyway. All input, contrary and otherwise, is appreciated. I’d like to see it from all angles before I start plunking down money.
ParticipantDWCAP, I’m not expecting any gurus to show me the light. Just a tidbit of info or advice here or there would be great.
Why? To make money. As I said, I don’t think there’s any money in it right now. But I think there will be a few years from now. And I want to be ready when that happens.
At some point the market will turn around and prices will start going up again. The only question is when. I don’t think they’ll go up any time soon, and I don’t think they’ll go up fast for another seven or eight years at the very least. Maybe not for 15 years. But they’ll go up. And if I can get in at or near the bottom by buying houses that banks are giving a discount on in order to unload them, then I should be in good shape. If I can get a few that are cash-flow positive, then I can hold on to them indefinitely as rentals. Either or both of those would be fine. As I said in my original post, I don’t know yet whether my plan will be rentals or flips or both.
As far as the greater fool theory, that only applies if houses are fundamentally overpriced. Which they still are. But which they may not be within a few years. If some confluence of events prevents houses from becoming sensible investments, I won’t do it. But I think it will become profitable at some point in the next few years.
I’m 47 years old, and I’m eligible to retire from my job right now with a 70k pension. But I have a daughter who will be in college in 11 years, and I plan on living another 30 or so, so that isn’t enough. I’m renting right now and have high six figures to invest. I figure that if I put that into residential real estate when it’s more sensible than it is right now, I should be able to have a comfortable retirement and be protected from inflation.
That’s my plan, anyway. All input, contrary and otherwise, is appreciated. I’d like to see it from all angles before I start plunking down money.
ParticipantDWCAP, I’m not expecting any gurus to show me the light. Just a tidbit of info or advice here or there would be great.
Why? To make money. As I said, I don’t think there’s any money in it right now. But I think there will be a few years from now. And I want to be ready when that happens.
At some point the market will turn around and prices will start going up again. The only question is when. I don’t think they’ll go up any time soon, and I don’t think they’ll go up fast for another seven or eight years at the very least. Maybe not for 15 years. But they’ll go up. And if I can get in at or near the bottom by buying houses that banks are giving a discount on in order to unload them, then I should be in good shape. If I can get a few that are cash-flow positive, then I can hold on to them indefinitely as rentals. Either or both of those would be fine. As I said in my original post, I don’t know yet whether my plan will be rentals or flips or both.
As far as the greater fool theory, that only applies if houses are fundamentally overpriced. Which they still are. But which they may not be within a few years. If some confluence of events prevents houses from becoming sensible investments, I won’t do it. But I think it will become profitable at some point in the next few years.
I’m 47 years old, and I’m eligible to retire from my job right now with a 70k pension. But I have a daughter who will be in college in 11 years, and I plan on living another 30 or so, so that isn’t enough. I’m renting right now and have high six figures to invest. I figure that if I put that into residential real estate when it’s more sensible than it is right now, I should be able to have a comfortable retirement and be protected from inflation.
That’s my plan, anyway. All input, contrary and otherwise, is appreciated. I’d like to see it from all angles before I start plunking down money.
ParticipantDWCAP, I’m not expecting any gurus to show me the light. Just a tidbit of info or advice here or there would be great.
Why? To make money. As I said, I don’t think there’s any money in it right now. But I think there will be a few years from now. And I want to be ready when that happens.
At some point the market will turn around and prices will start going up again. The only question is when. I don’t think they’ll go up any time soon, and I don’t think they’ll go up fast for another seven or eight years at the very least. Maybe not for 15 years. But they’ll go up. And if I can get in at or near the bottom by buying houses that banks are giving a discount on in order to unload them, then I should be in good shape. If I can get a few that are cash-flow positive, then I can hold on to them indefinitely as rentals. Either or both of those would be fine. As I said in my original post, I don’t know yet whether my plan will be rentals or flips or both.
As far as the greater fool theory, that only applies if houses are fundamentally overpriced. Which they still are. But which they may not be within a few years. If some confluence of events prevents houses from becoming sensible investments, I won’t do it. But I think it will become profitable at some point in the next few years.
I’m 47 years old, and I’m eligible to retire from my job right now with a 70k pension. But I have a daughter who will be in college in 11 years, and I plan on living another 30 or so, so that isn’t enough. I’m renting right now and have high six figures to invest. I figure that if I put that into residential real estate when it’s more sensible than it is right now, I should be able to have a comfortable retirement and be protected from inflation.
That’s my plan, anyway. All input, contrary and otherwise, is appreciated. I’d like to see it from all angles before I start plunking down money.
ParticipantI forgot to mention the first part of my plan, which is to ask for advice on a website I know where lots of brilliant and insightful people post. It’s one of the forums over on foreclosures.com. If anyone’s interested, I can find the exact web address. (Just kidding. It’s right here at pigginton’s econo almanac for the landed poor.)
ParticipantI forgot to mention the first part of my plan, which is to ask for advice on a website I know where lots of brilliant and insightful people post. It’s one of the forums over on foreclosures.com. If anyone’s interested, I can find the exact web address. (Just kidding. It’s right here at pigginton’s econo almanac for the landed poor.)
ParticipantI forgot to mention the first part of my plan, which is to ask for advice on a website I know where lots of brilliant and insightful people post. It’s one of the forums over on foreclosures.com. If anyone’s interested, I can find the exact web address. (Just kidding. It’s right here at pigginton’s econo almanac for the landed poor.)
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