We need to start getting concerned.
04-17-2008, 12:00 AM
#51
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Re: We need to start getting concerned.
Originally Posted by Dr.Boost
It's a tax write-off. It might not sound like a good investment to you, but to the millions of people who have gotten FILTHY ------- RICH from real estate it seems like a good investment. 
I wonder how Donald Trump made his money? It wouldn't have been with real estate, nah.....he had to have invented something.... There is no money in real estate.
I wonder how Donald Trump made his money? It wouldn't have been with real estate, nah.....he had to have invented something....
There is no money in real estate. 
04-17-2008, 12:07 AM
#52
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Join Date: Mar 2003
Posts: 21,479
Re: We need to start getting concerned.
Originally Posted by brine04
We are not talking trump level projects involving any type of development. I doubt many of the big land holders in the US are hurting enough to start firing off valuable properties in desired locations for dirt cheap pricing. But if it is so easy and wonderful go buy some up, get rich and come rub it in my face in 10 years. The smart people are buying up homes from the banks at cents on the dollar and turning and selling them still for cents on the dollar to someone with some money.
Uh, I just did. Signed the papers yesterday. Thanks for the tip! :1
How many properties have you bought? How much did you lose since it's such a crappy investment? :1
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04-17-2008, 12:18 AM
#53
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Join Date: Oct 2005
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Re: We need to start getting concerned.
Originally Posted by Dr.Boost
Uh, I just did. Signed the papers yesterday. Thanks for the tip! :1
How many properties have you bought? How much did you lose since it's such a crappy investment? :1
04-17-2008, 10:30 AM
#54
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Join Date: Jul 2006
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Re: We need to start getting concerned.
See this is what i wanted to see. Perspectives from a collective group of random nig nogs.
I have to admit there are some well thgouht out conclusions goign on in this thread and after reading all this Im starting to think its not as bad as everyone thinks.
I have to admit there are some well thgouht out conclusions goign on in this thread and after reading all this Im starting to think its not as bad as everyone thinks.
04-19-2008, 02:47 AM
#57
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Re: We need to start getting concerned.
Originally Posted by bigwig
Steve, you blame the government but rally behind Ron Paul asking for a free economy. Which is it? If you want the FED to step in and regulate, you can't have a free economy. End result was the banks gave loans they shouldn't, the investment firms packaged said shitty loans and sold them on the free market with a BS rating system and it all blew up in everyone's face. This happens in unregulated free markets. New ideas sometimes fail. Looking back and saying, "Man, the FED should have stepped in there." when you lobby for a free economy is just nuts. I honestly don't blame the FED. The blame is soley put on the shoulders of the banks. They should have never offered such shitty loans to people. I don't honestly understand how the FED works, and I won't claim to. I'm sure there is a reason why saving Bear Stern was a wiser decision than letting them be purchased for $2.50 a share. That is economics that only the elite understand.
04-19-2008, 02:55 AM
#58
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Join Date: Oct 2005
Posts: 3,450
Re: We need to start getting concerned.
educated people with degrees, certifications, and motivation/big ***** will never be poor in any economy
I'm shooting for a CPA in 2 years, Got my Real Estate license this summer, getting certified for property inspections at my job this summer. With the "issues" in the economy, I figure I need to get my dick into as many big time industries as possible, not like EVERYTHING is going to fail at once. If it does, I'll just grab a rope, no sweat.
I'm shooting for a CPA in 2 years, Got my Real Estate license this summer, getting certified for property inspections at my job this summer. With the "issues" in the economy, I figure I need to get my dick into as many big time industries as possible, not like EVERYTHING is going to fail at once. If it does, I'll just grab a rope, no sweat.
04-19-2008, 03:01 AM
#59
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Join Date: Oct 2005
Posts: 3,450
Re: We need to start getting concerned.
Oh, and you stinkfingers who say there is no economic problem... look at the major banks durr. My parents (all four of the *********) work for 4 different major banks. They are all cutting back. Look at UBS, getting rid of 9k jobs, 2k in NY just because if they don't they cant keep afloat next year. Barclays is firing like mad. Bear Stearns... etc. Citibank and Chase are grabbing loans from every govt plan there is.
It's all going to be fine in a while but right now everyone in the financial world is in a bind... just because house painters are still painting houses and hookers are still turning tricks doesnt mean ---- is fine.
And just because the top banks in the WORLD are having serious issues does not mean they wont be making big growth and profits in a year.
It's all going to be fine in a while but right now everyone in the financial world is in a bind... just because house painters are still painting houses and hookers are still turning tricks doesnt mean ---- is fine.
And just because the top banks in the WORLD are having serious issues does not mean they wont be making big growth and profits in a year.
04-19-2008, 12:01 PM
#60
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Join Date: Feb 2003
Posts: 0
Re: We need to start getting concerned.
Anyone who does any research on the fed will see that they created runs on small banks in the early 1900's so that they could take over our system, and the promise was that runs on banks would end, and our currency would be stable.
