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You can still buy a 3-bedroom ranch on an acre+ for $90,000 to $120,000 around here and they're move-in ready. You don't have to make any repairs at all, and if you do anything it all, it's paint or replace the carpet because you don't like the colors, not because they're ill kept.
Where is "here"? U.S. or abroad?
Where I am, what you say doesn't apply--houses go for 200K-300K for a modest place.
Where is "here"? U.S. or abroad? Where I am, what you say doesn't apply--houses go for 200K-300K for a modest place.
Poster Mircea's location (upper right hand corner of every post, just under the join date, states "Ohio". As far as where in Ohio, he'd have to tell us that.
I only paid $8,000 for my house, which has a little over 22 acres.
Sounds fantastic! How long ago did you make the purchase? How old is your house, and how many sf does it contain? No matter what, you certainly have an eye for bargain. I tip my hat.
Stock Markets aren't even necessary for an economy. You could ban markets or stocks and it would have no effect on the economy.
This isn't accurate... The stock market doesn't exist in some void, its one of the primary ways businesses can raise large amounts of capital. Without the stock market many of today's most successful businesses wouldn't have existed as they would have never gotten the required capital.
Anyhow, this thread is around 19 months old. I guess we'll have to wait even longer for the big crash.
When I tell people here you can get decent houses for $100k in PA, Ohio, etc they don't believe me... People start to forget that there is a world outside of their own community/region.
This isn't accurate... The stock market doesn't exist in some void, its one of the primary ways businesses can raise large amounts of capital. Without the stock market many of today's most successful businesses wouldn't have existed as they would have never gotten the required capital.
Anyhow, this thread is around 19 months old. I guess we'll have to wait even longer for the big crash.
WRONG! That was the ORIGINAL intent of the stock market. But it is a far different story nowadays. The other poster is correct. The way the market exists now the economy would actually function better without a stock market and WallStreet.
The original "Stock Market" was not intended for the populace, but for the upper classes. The fattening of the Middle Class post-WW II changed the landscape of the stock market in America.
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