Oops. Should have clarified that you could only "theortically" make money in a slight downward trend SHORTTERM. Also, food for thought....
Hey, actually, even in a sideways market, provided that there is some volatility, it makes money. Model it yourself and see. Make a sine wave...
FWIW, I wish them the best. As their friend, I would be advising them to sell...even at a loss...or to refinance into a long-term fixed rate....
Oh yeah. It is supposedly an accepted concept in economics...that commodities decrease in price over time. I think they attribute this to the...
With great sympathy toward the folks that lost it all with Enron, they didn't diversify, didn't protect themselves against the downside, and they...
Agreed. Not in California. Those people ignore earthquakes, floods, fires, mudslides, traffic and the entertainment industry for the priviledge...
TS, Thanks for that. It was an informative insiders view. I don't have a license, but I have acted as my own agent and done FSBO stuff...
Yeah baby. So if a funny-looking guy like me was to assemble a portfolio of rental properties in North Florida and hang on to it while Floridians...
This is what I was saying. In North Central Florida, prices didn't dip much at all...maybe like 8%, and we're holding steady. The better...
If you were going to write a textbook recipe of how the middle class will be phased out, or shrunk down, this is how you would do it. The good...
So you're saying, that effectively, the banks try to set the fiat currency, using the mechanism you outlined, at a level such that the...
I remember learning in economics class that the price of a commodity decreases over time. But last night, I was thinking about a fiat money...
What was interesting to me is out vindictive some of the replys were. Man, there is some real hatred out there for the little guy who takes a...
***I'm seeing anecdotal evidence that we're nearing the end of the "correction". I think it has already started with the smaller houses, and will...
Sure. The Fed wants rates up high enough to where folks can't keep borrowing against their house, but not so high that it kills the economy. So...
Rental property. I LOVE inflation! SM
Couple of thoughts. Sales of housing have dropped to 2004 levels. Remember all the vagrants and hobos living in camps back in '04? Maybe it is...
If you are a doomsayer, and you do believe that prices will continue to drop significantly and you live in a volatile area, then one of the best...
If you're buying a house, you'll find it eye opening to calculate the return on investment associated with paying points to bring down the...
Steve, Had to chime in with a "me too". This is what I'm seeing in north Florida as well. I too think that if we're not at the bottom, we're...
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