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Forums10
Topics38,541
Posts546,048
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Most Online1,344 Apr 29th, 2024
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Joined: Nov 2006
Posts: 118
Sidelock
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Sidelock
Joined: Nov 2006
Posts: 118 |
good gawd will you guys take a breath. the real estate market in the u.s. and worldwide has been on a drunken binge the last five years. did 40pct annual appreciation ever seem crazy to you? now that many of those fraudulant loans from the sub-prime market are falling through there will be some price adjustment. meantime investors have abandoned real esate and are buying commodities i.e. oil because the other investment alternatives like bonds have rates that are unattractive. you guys think those with money will buy up all the guns? heck they're going to buy real estate, as soon as it bottoms, because it will be a great opporunity. guns are like candy to the very rich. what's 100k to them? meantime they'll be picking up mothballed housing developments for pennies on the dollar.
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Joined: Jan 2002
Posts: 755
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 755 |
Yogi- Do you think all that war money went directly to these wealthy people?... If we look a little deeper these Business Owners created thousands of jobs(many high paying) that created the commodies that the war machine required...Sure the big guys got some big bucks... but the unemployment numbers in the US has remained very low for a long time... I still feel that anyone that has the 'energy' to work can still find employment fairly easily...
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Joined: Feb 2004
Posts: 13,880 Likes: 16
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,880 Likes: 16 |
On real estate, I thought it was crashing in CA. But yesterday I heard a house on my street went for near 3 times what I paid for my house 11 yrs ago. Seemed crazy to me.
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Joined: Nov 2006
Posts: 118
Sidelock
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Sidelock
Joined: Nov 2006
Posts: 118 |
On real estate, I thought it was crashing in CA. But yesterday I heard a house on my street went for near 3 times what I paid for my house 11 yrs ago. Seemed crazy to me.
that's encouraging. my brother is in real estate in the east bay area and he describes it as "blood in the streets". there's a year's inventory to burn through. certainly there are areas where speculation went wild like san diego, florida, arizona, las vegas where most of the correction will take place. anytime you have buyers buying new construction on pre-sale and selling six months later at 20pct profit you know it's insane and cannot last. there are also areas like stockton where a lot of sub-prime stuff was bought and is now being repossessed by the banks because many of those buyers should not have been buying, at least at those prices. there are other areas that didn't really go sky high and only a minor correction will take place. here in the pac nw we never went ballistic so we'll be lucky if only a 10-15pct correction will take place in this downturn.
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Joined: Jan 2006
Posts: 15,456 Likes: 86
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 15,456 Likes: 86 |
vOte Osama Bama... him and his Preacher are going to save the world.
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Joined: Apr 2002
Posts: 6,250
Sidelock
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OP
Sidelock
Joined: Apr 2002
Posts: 6,250 |
High conditioned original guns thru the ranks will still have star power. Others may have a tuff go of it. Now I'm not saying to sell your guns for food lads, but just to stay ahead in the gun game. Horse trade your way to a few betters now - thats my story!
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Joined: Jan 2006
Posts: 15,456 Likes: 86
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 15,456 Likes: 86 |
Only one thing for certain Lowell....there's one way in and one way out of here.
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Joined: Jan 2006
Posts: 15,456 Likes: 86
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 15,456 Likes: 86 |
I'm sorry you think someone called you a bigot. Here's an ice cream cone. I never gOt one....
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Joined: Jan 2006
Posts: 15,456 Likes: 86
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 15,456 Likes: 86 |
It seems to me that we are all doing pretty well!
We have multiple SxS shotguns in the closet or safe, enough shells to shoot, and time to play on the internet. Most have a spouse, a bird dog, some bucks in an IRA, and at least one jug of hooch.
Life is GOOD!
JERRY Lowell must be out of hooch...
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Joined: Dec 2005
Posts: 298
Member
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Member
Joined: Dec 2005
Posts: 298 |
QUOTE -- "Do I get an apology for being called a bigot?"
Wow man Chill NO ONE called you a bigot. NO ONE. I simply asked a question. And when that QUESTION was ansered I immediately replied that 'I got it. Thanks." No accusations there, my friend.
Sentences with ? at the end are QUESTIONS.
Demanding apologies when NO offence was intended is how problems start. I asked a QUESTION.
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