The bright side

[txjustin]

HaHa, i think you took both of those quotes the wrong way. I said I would be pulling my funds out after they GO BACK UP....that means I will ride it out until the stock market is doing spectacular again. When I said solid like real estate...prices will be low on homes for a while...yes it sucks now, but in a couple years they will be back up. I say solid because I can see it. i consider it a better investment than the stock market.

Not quite sure if you understand what is going on with the real estate market right now...prices are dropping crazily, but they probably will never go back to what they were. The market is actually correcting...not failing. The real estate values were very over priced and now they are correcting to their "true" value. Now, on that note, I am not saying don't invest in real estate because if you know how to buy and understand the market, it's a great way to make big money. Just remember, you make the money when you buy...not when you sell.

 

[Grizzly]

Not quite sure if you understand what is going on with the real estate market right now...prices are dropping crazily, but they probably will never go back to what they were. The market is actually correcting...not failing. The real estate values were very over priced and now they are correcting to their "true" value. Now, on that note, I am not saying don't invest in real estate because if you know how to buy and understand the market, it's a great way to make big money. Just remember, you make the money when you buy...not when you sell.

Explain that one to me. I"m not sure I've heard it before and I would like to know the rationale behind it.

I believe in "investing" in real-estate, too. However, what I believe to be the best part is that you get a guy paying your mortgage(the renter) and then you have a posession that you never actually paid for. I don't think that "your home is the biggest investment you will ever make" because it's not! A home should not be an "investment". It should be a lifestyle. But Tenman already made this post on OLM, so I'm not going to rehash it. I concur with him.

 

[Mutant]

I would be buying and then renting out the homes/rooms to others. Enough to make a monthly profit. I learned alot from a rich old Chinese guy that was into real estate. He told me to never invest in stocks, and gave me his reasoning...but I dont know how to explain it. It ends up being solid money in hand.

 

[billet5]

You would have more fun trippin balls while on your bicycle.

Or lifeguarding at a really busy pool. That was not an easy day that day.

 

[txjustin]

Explain that one to me. I"m not sure I've heard it before and I would like to know the rationale behind it.

I believe in "investing" in real-estate, too. However, what I believe to be the best part is that you get a guy paying your mortgage(the renter) and then you have a posession that you never actually paid for. I don't think that "your home is the biggest investment you will ever make" because it's not! A home should not be an "investment". It should be a lifestyle. But Tenman already made this post on OLM, so I'm not going to rehash it. I concur with him.

I'm not saying don't invest in real estate, I totally agree with you Grizz. That statement I said that you have bold means make very good buys rather than buying hoping it will appreciate in time and just going out and buying any random house. A mistake a lot of real estate investors make is buying and hoping it will always appreciate. Now, in Mutant's case, he state he wants to buy and rent...that is a different kind of real estate investing. But, it is still very important to buy "good". Realistically, you won't make much money from renting but it is a very good way, as you put it Grizz, to have someone else paying for it. That is a very good strategy for long term wealth and even for buying and selling properties in a rotational manner ever so often. Any way, this is a really good topic, I look forward to hearing your guys inputs.

 

[everyonefight]

the economy hasnt effected me at all i must admit. i mean geeze... gas is $2 a gallon... im happy! and me being in the animal medicine field... no matter what the economy is doing, animals are gonna keep getting sick and im gonna stay in business.

 

[Mutant]

I'm not saying don't invest in real estate, I totally agree with you Grizz. That statement I said that you have bold means make very good buys rather than buying hoping it will appreciate in time and just going out and buying any random house. A mistake a lot of real estate investors make is buying and hoping it will always appreciate. Now, in Mutant's case, he state he wants to buy and rent...that is a different kind of real estate investing. But, it is still very important to buy "good". Realistically, you won't make much money from renting but it is a very good way, as you put it Grizz, to have someone else paying for it. That is a very good strategy for long term wealth and even for buying and selling properties in a rotational manner ever so often. Any way, this is a really good topic, I look forward to hearing your guys inputs.

Yes, I look at it this way...buying homes and renting them out will not only pay for the homes, but it will also give me a monthly profit. Eventually allowing me to buy more homes and do the same. Like you say, it's a long term wealth. Areound here, most of the homes are somewhat new, but the owners have to short sell because they can no longer afford them. I have recently seen more than just a few 800k homes go for half that.

 

[juaneye]

Yes, I look at it this way...buying homes and renting them out will not only pay for the homes, but it will also give me a monthly profit. Eventually allowing me to buy more homes and do the same. Like you say, it's a long term wealth. Areound here, most of the homes are somewhat new, but the owners have to short sell because they can no longer afford them. I have recently seen more than just a few 800k homes go for half that.

you would not want to do that where i live, if you get a shitty tenant the bastards have more rights than the property owner. that is if it is winter you can not kick them out, or it can take 3-6 months to have them evicted. i have known many people who threw in the towel because the laws are in favor of the renter, imagine a renter with more rights on the property then the owner....another unintended consequence of a controlling socialist government.

 

[Mutant]

you would not want to do that where i live, if you get a shitty tenant the bastards have more rights than the property owner. that is if it is winter you can not kick them out, or it can take 3-6 months to have them evicted. i have known many people who threw in the towel because the laws are in favor of the renter, imagine a renter with more rights on the property then the owner....another unintended consequence of a controlling socialist government.

Yes, it is rediculous. I just prefer to sit back and eat my breakfast burrito in the morning, and let time fly.

 

[billet5]

Yes, I look at it this way...buying homes and renting them out will not only pay for the homes, but it will also give me a monthly profit. Eventually allowing me to buy more homes and do the same. Like you say, it's a long term wealth. Areound here, most of the homes are somewhat new, but the owners have to short sell because they can no longer afford them. I have recently seen more than just a few 800k homes go for half that.

Im selling a condo short right now, I bought it for 482K, sale is almost complete for 320K. I owed 450K. Crazy.

 

[FTW]

You're right! If you use good TP after a baby wipe it wads up. Gotta use the bulk Scott stuff.

That is some news you can use right there. Why are all you fuckers airing all the 411 on baby wipes all the sudden? LoL


If I start using baby wipes to clean my ass and can no longer shit in public without them... it will be your guys fault.

 

[Mutant]

That is some news you can use right there. Why are all you fuckers airing all the 411 on baby wipes all the sudden? LoL


If I start using baby wipes to clean my ass and can no longer shit in public without them... it will be your guys fault.

I'm telling you man, I have a bag of them in my car so if I have to shit in public, I am good to go.