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Why is it idiotic to make 500% profits fliping houses?
Because it's a game of hot potato and anyone with functioning brain cells knew that. It's very easy to become a millionaire, just depends on how elastic your moral and legal code is. Also, I'm unaware of a 500% profit in one year in all except the most outlier case (even then, I don't see it).
Because it's a game of hot potato and anyone with functioning brain cells knew that. It's very easy to become a millionaire, just depends on how elastic your moral and legal code is. Also, I'm unaware of a 500% profit in one year in all except the most outlier case (even then, I don't see it).
The cary trade lets you get 100% a year if you use 20:1 leverage and get a 4% interest point spread. If you get left holding a house when the market turns you get burned. (That is if you have a mortgage on it. If you paid cash for it then it isn't as bad for you.)
Because it's a game of hot potato and anyone with functioning brain cells knew that. It's very easy to become a millionaire, just depends on how elastic your moral and legal code is. Also, I'm unaware of a 500% profit in one year in all except the most outlier case (even then, I don't see it).
Anyone with a functioning brain would seize the opportunities while they lasts. You are too eager to call people stupid. A lot of investors made a lot of money during the housing boom, and they do it with every boom.
During the boom, a typical deal was 10K down, to buy a house for 200K and in a year you sell it for 300K. You make 90K on 10K (minus closing costs). You can count the percentage yourself.
I sure love the hate for stocks! The last time they were this hated and gold was hitting all-time highs was 1980. In the next two decades, the stock market tripled, then it quadrupled. So keep on explaining the error of my ways, the love for alternatives to stocks, and the rationale for avoiding them. I'll have money to invest next month, and the month after that, and the month after that. The lower, the better.
I sure love the hate for stocks! The last time they were this hated and gold was hitting all-time highs was 1980. In the next two decades, the stock market tripled, then it quadrupled. So keep on explaining the error of my ways, the love for alternatives to stocks, and the rationale for avoiding them. I'll have money to invest next month, and the month after that, and the month after that. The lower, the better.
Do you see the profit in ride gold down and then stocks back up? on the other hand we are close enough to the bottom that buying stock may not be that bad but... The fed is pumping up the price of stocks. So the dollar value is staying constant relatively but the value is declining with the printing of money.
This is an article from a local publication where they are saying the DOW will hit 30,000 by the end of the year inflating a massive bubble that may or may not pop.
Are these people on crack? Has the DOW ever went up by almost 300% in less than 6 months time?
I sure love the hate for stocks! The last time they were this hated and gold was hitting all-time highs was 1980. In the next two decades, the stock market tripled, then it quadrupled. So keep on explaining the error of my ways, the love for alternatives to stocks, and the rationale for avoiding them. I'll have money to invest next month, and the month after that, and the month after that. The lower, the better.
I don't hate stocks at all. FAZ has been making me money hand over fist.
Anyone with a functioning brain would seize the opportunities while they lasts. You are too eager to call people stupid. A lot of investors made a lot of money during the housing boom, and they do it with every boom.
During the boom, a typical deal was 10K down, to buy a house for 200K and in a year you sell it for 300K. You make 90K on 10K (minus closing costs). You can count the percentage yourself.
[url]Are these people on crack? Has the DOW ever went up by almost 300% in less than 6 months time?
Nah, not crack, crack does not make you hallucinate.
These guys are trippin, they are doing some serious acid.
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