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Were you not around for the past 10 years? Seriously!
Americans are NOW paying the price for the overspending and horrible choices - especially in the area of housing - over the past 10 years.
There is NO WAY that any informed person can deny that.
On the other hand, it's good for some of us. By this time next year, I plan to have bought at least 2 more houses. Maybe 3. But you can better believe that I won't be silly enough to pay $650,000 for a 2 bedroom home, or put these houses on interest only or ARM mortgages. THAT will be the difference between making a profit and losing my shirt.
Some of the real estate deals here in southwest florida are really nice. I am going to closing tommorow morning on a duplex with one tenant in since it was built in 2006 for $39,900.00. Someone elses poor investment is my gain. But let me tell you, short sells are a lot of work!
Increases have come after Obama's cabinet picks (commerce and economics areas) and revealing his plans for the economy. The stock market likes Mr. Obama, his picks, and his plans!
they are vying for more money from the fed. the Constitution does not allow for such a blatent of the Constitution. I hope you liberals, moderates and neo-cons are happy with the decisions being made in violation of the Constitution.
Some of the real estate deals here in southwest florida are really nice. I am going to closing tommorow morning on a duplex with one tenant in since it was built in 2006 for $39,900.00. Someone elses poor investment is my gain. But let me tell you, short sells are a lot of work!
Good for you!
And yes, moving (as in buying, fixing, selling, renting) houses is an ENORMOUS amount of work. I hope it works out great for you!
For all of you saying the market rise is because of Obama, may I ask how much money have you put into the market after the election?
I have put a conservative amount of money into the market when it tanked. The last three days have seen my investment rise nicely. (Of course, my prior investments are mostly in the toilet. It will take more days like the last three for them to recover.)
Wrong. Before today, the market dropped 25% since the election, in anticipation of Obama's massive tax hikes and spending plans. The market likes that Citigroup got bailed out - which happened in the last two days.
WOW,
Some of you should stop passing around what you know nothing about. From someone who has actually worked on Wall Street, this is just nonsense.
Were you not around for the past 10 years? Seriously!
Americans are NOW paying the price for the overspending and horrible choices - especially in the area of housing - over the past 10 years.
There is NO WAY that any informed person can deny that.
On the other hand, it's good for some of us. By this time next year, I plan to have bought at least 2 more houses. Maybe 3. But you can better believe that I won't be silly enough to pay $650,000 for a 2 bedroom home, or put these houses on interest only or ARM mortgages. THAT will be the difference between making a profit and losing my shirt.
I am not discussing that point, my involvement in this discussion is about the movement in the market from Friday until today and the positive influence that the Obama transition announcements have had on that. You want to argue a point that does have merit but is not part of my discussion. If you need to argue and feel right then find someone who disagrees with you and don't try to create a disagreement.
Some of the real estate deals here in southwest florida are really nice. I am going to closing tommorow morning on a duplex with one tenant in since it was built in 2006 for $39,900.00. Someone elses poor investment is my gain. But let me tell you, short sells are a lot of work!
For all of you saying the market rise is because of Obama, may I ask how much money have you put into the market after the election?
The market has been taking major swings for quite some time now. The correct word to describe it is violatility. Just because a stimulus has a three day positive impact does not mean it will be sustained nor does it mean it will be able to counteract negative information. However that does not mean it didn't have an impact. Knowing how violatile the market is and has been why would a wise investor make a move one way or the other based on on select stimulus that is of a daily nature? If Bush does one of his lame duckie moves on Monday should everyone sell?
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I am going to closing tommorow morning on a duplex with one tenant in since it was built in 2006 for $39,900.00. Someone elses poor investment is my gain. But let me tell you, short sells are a lot of work!
