That's is a possibility now that the population of the country has taken the checkbook away from the Democratic Party - watch key indicators and have cash ready to invest - be patient there will be an opportunity of lifetime on the other side of this - history says its so.
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How’s the stock market?
- Thread starter lagunaboy
- Start date
To much political unrest for me in Nica - I know a bunch of people living down there and I do enjoy the my visits the climate and waves is great and my friends seem generally happy there. Killer plan. Still searching myself
One and the same in Indian River County. My advice is to never be the narrator of the transgender story. Or at least not until we coordinate and I get a good life insurance policy on you.
Of course. Recessions and economic cycles have happened since long before American political parties existed, and the buying opportunities that exist during recessions have existed for hundreds of years.
Just below the intersection of your immaculately drawn lines 2 and 3
The unrest is part of the appeal. I was there during the violence in 2018. It was like kids with fire crackers compared to what went on here in 2020, Jan 6th, gang violence etc. I’m not afraid in America either, I’m just saying pound for pound, I’m probably more at risk of civil or common violence in NY than I would be in Nica, especially southern Nica. Nobody there is afraid of Murillo he and his wife hide behind walls. They’re just waiting for them to die so they can elect one of several popular and viable candidates that the Murrillos simply locked up for the summer before the “election”
Historically - when the Fed is in an inflationary interest raising environment they tend to over do it and overshoot their goals leading to recession. which is why I think a protracted recession will last longer and cut deeper than you think - 18 to 24 months. Real estate is the first asset to be affected and we can already see the beginning of a historical housing crash - I think it will be worse than 2008. Housing values will drop 20 to 50% off its highs depending on the region of the county or world you live in and stock will follow suit. I expect another 75 basis point hike in January followed by another 75 basis point hike in March and a 50 basis point hike in June and a wait and see approach for September. In this environment sitting on the sidelines with cash and watching the blood bath is the best approach.
I disagree. 2008 was primarily caused by millions of mortgages that never should have existed. We all know what happened: when the economy went a little south, those homeowners lost their jobs and their homes were underwater. Since the mortgages were sold as investment packages, the investment banks that bought them were left holding the bag to the tune of trillions, so the banking system froze up in a defensive move and the economy ground to a halt.
In this case the only homes that are underwater are the ones bought in the last year, the banking system is in a lot more robust shape than it was in 2008, and even if the unemployment rate doubles it will only be at 6%. I do expect a tech shakeout similar to the dot com bust but 2000 - 2001 was only a mild recession, and we all know that the tech sector came back rapidly and spectacularly after that debacle.
But you are correct in that the next year will be a good buying opportunity.
The subprime default rate wasn't that much higher than the regular default rate. 15%. So if 1% of regular mortgages went t!ts up, 1.15% of subprime rates did.
IMHO the problem was the leveraged gambling based on those shitty mortgages. If you don't turn around and say your $100 of subprime mortgages is sufficient holdings to make $1000 bets, this doesn't happen.
I don't fault the people who barely understood a mortgage, got targeted by loan writers, got hit with a rate adjustment or lost their job, and walked away from an underwater 30 year debt obligation.
That's the LEAST a business would do in that situation.
Just below the intersection of your immaculately drawn lines 2 and 3
The local town is Lahinch or Miltown Malbay? Does the home in question have workable farmland?
Bro-heem, I know my life is an open book on this forum, I shamelessly plaster photos of myself all over the place, and expect ZERO privacy from anything with a battery or power cable, let alone a forum full of surfers of dubious moral character and frightening Internet skills.
However, this convo may be better if we slide into DM's, sexy style. I'll tell you anything and everything you want to know about the property
I thought I could get citizenship for a hot minute, but then I realized I was one generation off.
Same.
Still wonder if it is worth pursing Oz citizenship via dear old green card holding dad.
Nah pretty sure it was me. First of many griffins for a few years. If I recall werent you going to buy a van and drive to Central America INDT?
I am getting clobbered too. All my companies are profitable, paying dividends and doing great, but people are selling off as if we are gonna run out of air