sell! sell! sell!

[Dawoofdaddy]

All I can say is :think2: to people that really believe the real estate market has reached its ultimate bottom.

Much better opportunities exist currently to make $, but you have already been a landlord so its something you have experience doing.

Im not familiar with your specific area, but here its easier trying to sell someone cancer than a home right now.

:drink:

 

[Brooklynbomber]

Im not familiar with your specific area, but its easier trying to sell someone cancer than a home right now.

:drink:

which is the reason I may buy. this correction has been much faster than i envisioned. blood is flowing down the streets

still about 4 years away from a rebound, and while I am not yet calling a bottom in sacramento (the first to boom, the first to bottom) it is near.

I bought this place in 97 as a repo and gutted it, fixed it up myself, everything new. home is solid...if it was not this house I would not be doing this.

BTW - house was appraise for 215 in 2002, so 185 is down to early 2002 levels. dollar has lost 1/3 of it's value since then!

 

[tiznow]

haha i'm a sheep now okay fine

man i just can't win

i'm a moonbat to some and a sheep to others

the west RE will fall 50% from its peak ON AVERAGE

i think GS yesterday said cali has 35% to fall but GS you never know i suppose

i can't make any predicitions about your particular individual housing issue maybe its collapsed enough already and is a good buy down here

but OVERALL we still have a long way to fall

just look at median incomes to housing prices and the numbers won't make sense without huge blood

 

[Dawoofdaddy]

I would agree with your contrarian logic, but you are missing the point that the prices are still falling here. I dont know what is happening where you live.

You arent the only person buying now. I have a cousin that sells re in socal and "investors" he knows are buying 100 homes at a time in Phoenix. Hardly a sign of a bottom imho.

However, I do know that Cali will moved up and down prior to here in the heartland.

If you can do the work and want to deal with tenants, knock yourself out killer.

I want no part of owning real estate Im not living in myself right now and if I was living in a high priced home, I would have sold a while ago and rented.

 

[Brooklynbomber]

don't take it personal tiz:toast:

boat just seems to be heavy on the deflationist side right now

 

[tiznow]

y i expect cali to be volitile as its got a long way to fall and already had a viscous brutal leg down

will be alot of people trying to catch a falling knife along the way

it will likely be a very volitile market with "bear shakes" of its own

bottom line jdog i don't think after the biggest housing bubble of all time in the US the pain is gonna be finally over and done with in one fell swoop down with no choppiness in between, it just don't work like that

only thing i can think of in market history is 1987 crash where valuations were high and it was rid of in one fell swoop

boat to heavy??? i'm the only one on this forum that even speaks of the possibility of it??

 

[tiznow]

over at prudent bear forum (i don't post there but lurk)

the last few weeks or so some deflationist is taking on all the hyperinflationary bears

the deflationist is getting called names and such and being told by others how stupid he is of course

 

[Dawoofdaddy]

When did the fed and other countries stop increasing the aggregate money supply relative to economic growth?

Until that happens, you can keep the across-the-board deflation in the drawer.

Tiznow the sheep has a nice ring to it...would make a great cartoon, eh?

Looks like the smart jews are buying stocks today.

 

[Brooklynbomber]

keep in mind we are only talking $37k out of pocket

and as I illustrated I will get a 10% return on that money

what else am I to do? I'm loaded heavy in PM's and stocks....good to be diversified

again, as the USD falls futher in the coming years, all "things" rise as a result. some more than others. RE has always been a good hedge, though not as good as PM's

also, I've got a pretty damned good handle on the markets out here....have not been wrong yet in 17 years.

 

[tiznow]

gas prices are falling, oil prices are falling, equity prices are falling, housing prices are falling

hyperinflation and loss of faith in fiat KILLS THE CENTRAL BANKERS THEIR GAME ENDS

TJ was a "sheep" too

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 - 1826)

 

[Brooklynbomber]

nice little pop out of Pepsi today, strong overseas sales

I had an order in that was .25 cents away from being filled this week, was looking to add.:sad3:

 

[tiznow]

yeah pepsi probably will hold up okay during the recession solid "conservative long"

people getting poorer and can't afford healthy food (prices in that area are way up) and prices in junk food haven't inflated that much

people still gonna need to eat during a recession and much cheaper and more yummy to eat junk food

------------------------------------

nice yen slammage spike just came in we might get green today finally....usd flying because euro and GBP down with the GBP rate cut (more coming) and euro imminent rate cut

 

[Dawoofdaddy]

Gold is doing poorly today.......:sad3:














Its only up $10 so far and silver is only up 4.5% (30 cents).

Deflation???

Nice job with the avatar change tiz.

:tongue2:

 

[tiznow]

don't just point to gold DAW

i've said gold might be able to battle deflationary forces gold isn't a good indicator of deflation

look at oil, look at food prices, look at gas prices, look at housing prices, look at equity prices, look at flatscreen prices, look at laptop prices.....

bby and CC last month were giving no interest for 24 months on flatscreen TVs 999 and up because they know rates going to zero and prices on flatscreen TVs are gonna go through the floor, offloading inventory

they'll just take the money now, report earnings, and pray the sheep can pay um back 2 years from now

 

[tiznow]

just a general question anybody know what makes up the "basket of currencies" that the USD is quoted to be versus

nevermind found it myself

The USD index measures the performance of the US Dollar against a basket of currencies. This performance is calculated by a formula whose real-time result is represented in the chart. The currencies are: EUR, JPY, GBP, CAD, CHF and SEK. The chart includes 7 basic types, 13 different time frames, a vast range of technical indicators. All indicator settings are fully customizable.

SEK=swedish krona
CHF=swiss franc

had to look those two up as wasn't sure what currency they were

 

[Brooklynbomber]

thinking seriously about going to london this OCT to catch the chargers

going to be like a mexican sneaking across the border to the US... $10 coffee and $500 hotel rooms tough to swallow

the real key IMHO with gold is what happens when the rest of the world starts to rapidly debase their currencies too (just now starting)

A) Gold tanks, as it is tied to the USD and the dollar will bounce

B) Gold makes its (likely) permanent move into 4 digits, as the rest of the world moves to protect their wealth from inflation

C) Who knows

I vote for C:lol:

 

[Dawoofdaddy]

sek (krona)

 

[tiznow]

now that yen carry is unwinding and EUR and GBP starting to follow the US lead on rate cuts

think you might see a strong USD vs. other fiat near term

in the US we already pretty much know ben is cutting 50 bp in 5 weeks so little impact in the USD

oh its 57.6% euro i see.....makes sense now

------------------------------------------------------

jdog gold isn't tied to the USD quote i mean it generally moves that direction but its not a 1 to 1 correlation

dollar is skying today vs. other fiat and gold is up (as they are now set to rate cut in europe and UK in the face of inflation)

 

[tiznow]

well another weak bounce today just like earlier yesterday

based on what the yen is doing i think they'll hold the gains today

but no conviction and just noise within this bear leg down

 

[Dawoofdaddy]

The EU is in a tight spot.

The days of a wheelbarrow filled with money to buy a loaf of bread are still in the memories of older Germans, but their labor is hurting for their exports cannot compete with the euro/usd strength.

Cut or dont cut?

I say eventually they will start cutting rates and this game of competitively depreciating currencies continues around the globe.

As a result, gold will stand tall and its price is going to eventually skyrocket.

Peak of Weimar German inflation, gold was 1.3 TRILLION German Mark per oz.

%^_