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To: CottonBall

No, I don’t buy that one. I’m really glad I ‘paniced’ and sold everything when the DOW was between $12K and $10K. Socialist governments don’t encourage economic growth. It won’t be bouncing back any time soon.<<<

Sorry, I do not believe in stocks and never bought one.

Might as well go and play a casino game, pull the handle and it is win or loose.

Buying real estate, now that is the way to go, rentals if you can maintain them, or vacant land to resell.


5,169 posted on 03/20/2009 9:20:01 AM PDT by nw_arizona_granny ( http://www.freerepublic.com/focus/chat/2181392/posts?page=1 [Survival,food,garden,crafts,and more)
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To: nw_arizona_granny
Buying real estate, now that is the way to go, rentals if you can maintain them, or vacant land to resell.

That hasn't worked out very well either lately. First stocks were overvalued compared to their company's earnings, and then the same happened with real estate due to government interference. IF capitalism were allowed to prevail and the normal cycles of peaks and valleys allowed to happen, neither bubble would have happened, IMO.

Also, we had rentals for a while. The way laws now make it all but impossible for landlords to have any rights w/r their own property and tenants to have many - it's not hardly worth the trouble to have a rental either. And people aren't what they used to be - most renters would just as soon destroy someone else's property or try to live there for free (the attitude of entitlement has ruined this country, IMO). Now, if I could go back to the 50's, then rentals probably would be a good thing again. More wishful thinking...
5,174 posted on 03/20/2009 10:04:58 AM PDT by CottonBall
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