tag:blogger.com,1999:blog-6568749253826790814.post473323752318568092..comments2024-01-05T10:11:27.498+00:00Comments on Soot and Ashes: The World AFTER the Crash: What's your current thinking on stocks, bonds, dollars, housing, commodities and gold?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-6568749253826790814.post-38583891178507477982009-04-06T20:38:00.000+01:002009-04-06T20:38:00.000+01:00The houses always go up. It depends how you hold t...The houses always go up. It depends how you hold the chart ...(upside down)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-74094719326241385672009-04-06T16:18:00.000+01:002009-04-06T16:18:00.000+01:00"A small college town in Washington State."Go Coug..."A small college town in Washington State."<BR/><BR/>Go Cougs!Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-49655995908317870312009-04-06T08:36:00.000+01:002009-04-06T08:36:00.000+01:00"I'm calling bullshit on this statement. What city..."I'm calling bullshit on this statement. What city that has a house worth 360K renting for $3,550a month? I'm all ears."<BR/><BR/>I invest in a small college town in Washington State. Other good markets are Norman OK, College Station TX and several others. <BR/><BR/>The play is obviously betting on inflation in a big way. Here's a hint get 30 yr FIXED loans. Rates are at 5% flat for investment property now. Inflation will get above that EASY. <BR/><BR/>Look guys imo there is no debate about inflation/deflation. Inflation is coming in a BIG way. <BR/><BR/>I don't understand half the comments i think were directed at me..couldn't read em or make heads or tails. I'm not saying it's as easy as buying anything listed. You gotta do a little more work than that. Know people, know your markets, foreclosure properties ect. Lately we only buy 2 or 3 a year that meet our criteria but it's getting better and better to be a buyer. <BR/><BR/>Everyone who says "gold" is the play is really saying, "inflation is coming and I want to own an inflating asset." Well I agree inflation is coming, but I want to own an inflating asset, that also pays a 10% annual yield, that also allows me to to borrow hundreds of thousands of dollars in "today" dollars that I can pay back in 10 years with "half price dollars". It's a no brainer if you buy right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-59423092297944171682009-04-05T03:50:00.000+01:002009-04-05T03:50:00.000+01:00Post #66 shows the game.Can you figure it out?Post #66 shows the game.<BR/><BR/>Can you figure it out?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-19321704678904628182009-04-04T21:13:00.000+01:002009-04-04T21:13:00.000+01:00Why does real estate always goes up.Look at these ...Why does real estate always goes up.<BR/><BR/>Look at these Single Family home in Sunnyvale, California for example.<BR/><BR/>It was said that the heart of Silicon Valley will never go down yet with unemployment rate at 10% as of Feb 2009, how much longer can house price be artificially prop up. <BR/><BR/>That not even counting the Option Arm and Alt-A loans that will reset later this year.<BR/><BR/>83# Nectarine Ave <BR/>Bed 4, Bath 2, Sqft 1,766 <BR/>Sold $97,000 Feb 05, 2009<BR/>Was $940,000 July 08, 2008<BR/><BR/>14# S Bernardo Ave <BR/>Bed 2, Bath 1, Sqft 1,389<BR/>Sold $52,500 Sept 19, 2008<BR/>Was $500,000 Sept 20, 2004<BR/><BR/>94# Sutter Ave<BR/>Bed 3, Bath 1.5, Sqft 1,144<BR/>Sold $208,500 June 16, 2008<BR/>Was $718,000 June 30, 2005 <BR/><BR/>71# Sheraton Dr <BR/>Bed 3, Bath 2, Sqft 1,288 <BR/>Sold $167,000 June 08, 2008<BR/>Was $600,000 Apr 18, 2002 <BR/><BR/>101# Fuller Ter<BR/>Bed 3, Bath 3.5, Sqft 1,686<BR/>Sold $25,000 Feb 05, 2008<BR/>Was $790,500 Sept 28, 2005<BR/><BR/>112# W McKinley Ave<BR/>Bed 3, Bath 2, Sqft 1,956 <BR/>Sold $317,000 Feb 05, 2008<BR/>Was $770,000 Sept 20, 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-68646277618135225202009-04-04T20:16:00.000+01:002009-04-04T20:16:00.000+01:00"I am under contract on a house costing $360,000 t..."I am under contract on a house costing $360,000 that rents for $3550/month."<BR/><BR/>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<BR/><BR/>I'm calling bullshit on this statement. What city that has a house worth 360K renting for $3,550a month? I'm all ears.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-62143567550146238012009-04-04T16:53:00.000+01:002009-04-04T16:53:00.000+01:00squeeze the renters .aka..squeeze the bread out a ...squeeze the renters .aka..squeeze the bread out a your mouth? 300,000 profit doing it in the modern world when 300,000 was a lifetimes and more savings a while back whereby savings paid something more than inflation in house prices not calculated as inflation rules.........BS..... back to flip the flippers!!!!!!!!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-21003009927248097322009-04-04T16:49:00.000+01:002009-04-04T16:49:00.000+01:00i remember holding new york real estate that asses...i remember holding new york real estate that assessed at 4 times what it finally sold for and was glad to sell it at a third of its tax assessed "value" to avoid what ammounted to paying 18 percent of its final sales price in taxes every year, and then again i see 126,000 people inquire about a unit priced less than 100,000 on manhattan island????????????? or very near nyu . what about demand bidding up prices or not in relation to prices the market will bear? ? suckers????????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-28727234172678977282009-04-04T16:42:00.000+01:002009-04-04T16:42:00.000+01:00but your paying 100s of thousands od dollars for h...but your paying 100s of thousands od dollars for housings worth 60,000 at most and with the dollar printing causing inflation that normally raises interest rates and lowers house prices .you must be gambling that manipulators win???? and im sure the unemployed school boys will be willing to pay 3000 for your near to school rental properties and bend over as well?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-124049074611826442009-04-04T11:42:00.000+01:002009-04-04T11:42:00.000+01:00I'm going as hard as I can into rental real estate...<I>I'm going as hard as I can into rental real estate and slightly into stocks. By "as hard as I can" I mean I am buying every property I can find that 1) cash flows positive (I usually like to pay 100 times 1 months gross rents) and 2) is near a large college for almost guaranteed rent stability.</I><BR/><BR/>What part of the country are you buying property in?Mitesh Damaniahttps://www.blogger.com/profile/08105826492525999039noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-68711407638965756382009-04-04T06:36:00.000+01:002009-04-04T06:36:00.000+01:00I'm going as hard as I can into rental real estate...I'm going as hard as I can into rental real estate and slightly into stocks. By "as hard as I can" I mean I am buying every property I can find that 1) cash flows positive (I usually like to pay 100 times 1 months gross rents) and 2) is near a large college for almost guaranteed rent stability.<BR/><BR/>For instance right now I am under contract on a house costing $360,000 that rents for $3550/month. With 25% down ($90,000) and a mortgage payment of $1700 (4.75% 30 yr FIXED) I'm cash flowing by a little over $900/month or $11,000/year after expenses for a 12.2% return on my $90k. That doesn't include any principle paydown benefit.<BR/><BR/>Now if inflation gets to 10% it will only take 7.2 years for the rents and the house price to DOUBLE. At that point gross rents would double to $7000 and you would capture about 2/3rds of that increase as pure profit. Now you're monthly net rental income would be about $3250, not to mention your underlying asset value has increased by about $300,000. Sure these net profits will only by you half of what they would today but you're still talking amazing returns even in 2009 dollars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-35218202742501277242009-04-04T03:08:00.000+01:002009-04-04T03:08:00.000+01:00Anon said:"Sometimes doing nothing is the best alt...Anon said:"Sometimes doing nothing is the best alternative".<BR/><BR/><BR/>I agree. When everything looks bad, go to cash and stay there.Miss Goldbughttps://www.blogger.com/profile/10801986805626811706noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-15770167067851469462009-04-04T02:21:00.000+01:002009-04-04T02:21:00.000+01:00I know what WILL go up ... more of these rage mass...I know what WILL go up ... more of these rage mass-shootings, sad to say.Singularnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-79755060783310682162009-04-04T02:10:00.000+01:002009-04-04T02:10:00.000+01:00This question is pointless, irrelevant... What is ...This question is pointless, irrelevant... What is your thinking on stocks, bonds, dollars, housing, commodities and gold in ZIMBABWE? The answer you get is the same you'll get for the USA. <BR/><BR/>It's over, people. <BR/><BR/>You think the crash in Zimbabwe is bad? Multiply that by a 1000x and that is what you'll see in the USA.Singularnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-61188009267709794402009-04-04T01:52:00.000+01:002009-04-04T01:52:00.000+01:00Deficits don't matter.Deficits don't matter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-31922578257240907912009-04-04T01:01:00.000+01:002009-04-04T01:01:00.000+01:00Anonymous gutless and lazy said... Oh, and BTW...Anonymous gutless and lazy said...<BR/><BR/> Oh, and BTW, companies like GE and IBM are a disgrace to the USA.<BR/><BR/> As the personal pain increases in the USA with increasing unemployment, India's and China's economy continues to grow at around 7% GDP.<BR/><BR/> All while workers here get cut at an accelerating pace:<BR/> http://news.yahoo.com/s/ap/economy<BR/><BR/> USA multi nationals are an absolute disgrace and are UNAmerican. Obama should fire every single F100 CEO.<BR/><BR/> April 3, 2009 7:02 PM<BR/><BR/>Sir, I respectfully disagree with you. IBM, Cisco, Microsoft, etc.... are not "American", they are not collectively owned by Americans. They are just based here. They don't owe this nation anything. Their sole purpose is to make profits for their shareholders. <BR/><BR/>If someone in India can do a better job for less pay, then so be it. That is the REALITY. Will you spend your time fighting reality or trying to adapt to it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-13815503751799144162009-04-03T23:38:00.000+01:002009-04-03T23:38:00.000+01:00How to kill the Fed: Buy Goldhttp://tinyurl.com/ct...How to kill the Fed: Buy Gold<BR/>http://tinyurl.com/ctmm7lMitesh Damaniahttps://www.blogger.com/profile/08105826492525999039noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-56399520310717073752009-04-03T22:00:00.000+01:002009-04-03T22:00:00.000+01:00JAWS wrote: For now, just rub elbows with friends,...JAWS wrote: For now, just rub elbows with friends, BBQ, drink wine, read blogs. <BR/><BR/>I am not doing one stinking thing. I've been through enough ups and downs to know when I smell a rat and I smell a bunch of them.<BR/><BR/>Amen to that. All in cash - some that draws interest tax free. Sit and wait for Mr. Fear and Mr. Market and Mr. Default and Mr. Foreclosure to smoke all these jokers out in the meantime. All the happy talk and "thumbs up photo shoots" in the world won't help these bastards out as the defaults pile up. Load up the motorcycle and go trout fishing for the spring. F*ck 'em all in the meantime.<BR/><BR/>Smug BastardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-29663292571897259222009-04-03T21:55:00.000+01:002009-04-03T21:55:00.000+01:00Well, I'm plan to wait until about July before buy...Well, I'm plan to wait until about July before buying property, but then I do think selected properties might be a good store of value. The problem of course, is the Administration. I'd be glad to buy rental housing - except if there is serious inflation - which is very likely, I'm sure that Obama will slam rent freezes on any rental property. I am looking for a small farm, but I don't want to buy a long drive away from my paid-up home. Stocks - no. This is a dead cat bounce, and not until inflation starts to churn will we see a sustained improvement in the stock market. Dollars - well, a year's expense needs secreted in the house makes some sense. But more than that, no. Commodities - a conditional yes, although these might well be seized by the government just when they are soaring. Gold - this is a long term store of value, but it will not be possible to sell it,I am sure, except to the government, shortly. So right now, I am investing in my kids, in my community, and in property small enough to be held by me or given to my kidsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-18286381020737580322009-04-03T21:48:00.000+01:002009-04-03T21:48:00.000+01:00“Whenever you find yourself on the side of the maj...“Whenever you find yourself on the side of the majority, it’s time to pause and reflect.”<BR/>– Mark TwainAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-10666167512416679952009-04-03T21:47:00.000+01:002009-04-03T21:47:00.000+01:00Well Cramer says it is jolly good time to buy (wit...Well Cramer says it is jolly good time to buy (with caution) so who are we to argue with such a guru?<BR/><BR/>Smug BastardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-65372261340142732212009-04-03T20:52:00.000+01:002009-04-03T20:52:00.000+01:00"What's your current thinking on stocks, bonds, do..."What's your current thinking on stocks, bonds, dollars, housing, commodities and gold?"<BR/><BR/>Sometimes doing nothing is the best alternative.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-3524103097879913562009-04-03T20:51:00.000+01:002009-04-03T20:51:00.000+01:00Adjusted for inflation, gold should be selling for...<I>Adjusted for inflation, gold should be selling for a minimum of $6,000 +.</I><BR/><BR/>And that's the REAL inflation, I suppose, as the CPI-adjusted single-day $850 spike of 1980 yields only about $2500 in today's dollars.<BR/><BR/><I>Unemployment is really at 15%.</I><BR/><BR/>And that's the REAL unemployment, as if 40-hour workweeks were as sustainable in a post-industrial economy as they were 50 years ago.<BR/><BR/>That's exactly what I meant with my previous comment: this kind of "unconvenient truth" getting mainstream. TEOTWAWKI prognosticators everywhere! Trust me, there's the same sentiment in Russia on 50% REAL inflation, 35% REAL unemployment, imminent rouble/dollar/euro collapse etc. I can't see how these "truths" can guide one's investment decisions any way better than they did last year.<BR/><BR/>Back on the topic, I'm still 49% in USD ("greening down" from 68% last July), and 19% in domestic stocks (accumulating utilities, manufacturing, agri-food, and regional telecoms since December, while steering clear of the overhyped Russian "commodity superpower" blue chips). Absent violent rallies, the equities part will grow further in the months to come.Andrew from Russianoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-56117697783498899262009-04-03T20:37:00.000+01:002009-04-03T20:37:00.000+01:00Anyone who chooses to play an obviously rigged gam...Anyone who chooses to play an obviously rigged game is an idiot or an exception. <BR/><BR/>Unfortunately, most like to them the exception.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-30810083310950160842009-04-03T20:33:00.000+01:002009-04-03T20:33:00.000+01:00Ohhhh Keith he is so dreamy and totally awesome!ah...Ohhhh Keith he is so dreamy and totally awesome!<BR/><BR/><A HREF="http://www.youtube.com/watch?v=oltA6z93lqA&feature=player_embedded" REL="nofollow">ahhhh uhhhh errrrr ahhhhh</A>Anonymousnoreply@blogger.com