[B4Ranch]

Freepers rarely appreciate any advice on what to do with their own money. Free advice is considered to be rude speech on this forum. Cautionary advice is viwed as chiding. Mentioning your successes is always seen as bragging.

My advice, which is widely thought to be of little value, is to allow them to hit their own bumps on the way down, get the scars you and I already have and let them fight their way back up to the top.

[VegasCowboy]

Advice is one thing. Predictions of economic meltdowns, worldwide depressions and utter doomsday scenarios are often met with derision. Do you really think it is mere "advice" that gets people so fired up?

[sarasmom]

Well I appreciate both of you, and your advice.
;^)
As a "housing renter" I am always negatively affected by the real estate "speculators".
I am constantly amazed that they don't see any similarities between themselves and the dot.com idiots.
Steady and safe investments generally have a lower return, because they are at low risk of losing money.
To get a high rate of return, a very high risk of losing your entire investment is generally involved.
When "everyone" jumped with whatever they had left from dot.coms, and those who stayed one step ahead of the speculative market invested in real estate, they thought they had government backing, Uncle Sugar in the form of cousins Fannie and Freddy.
LOL!
There are lots of "new homes" available to rent in the local area.
That means they are not selling, and the "owners" are going to take a bath.
Me?
I am not going to pay a $1250.00 month rent payment to a land speculator, primarily, again, due to retirement funds groups.
Half of them have already dropped to $1050.00, and still get no takers.
The new housing market is flooded, and I am not without temporary options.
Of course, I can defer gratification...
How long can all those investment "homeowners" remain upside down?
And how much longer can the "property management" companies claim the "prevailing housing market rental rates" are based on anything other than a desperate grasping at thin air?
Not much longer, IMHO.

[gogeo]

Free advice is considered to be rude speech on this forum.

Actually, free advice is usually worth what was paid for it.