(Thanks for the ping DuncanWaring)
The Comedian's "Economic Holocaust" ping list...
Today is a good day to die.
I didn't say for whom.
bttt
ping
“Deer Presidunce Soetoro,
Yore rainbow skittles are tasting kinda rancid”
It really is a buyers market and I’m in a buying mood. I live in central Illinois about 200 miles away from the cesspool of Chicago, in a paid for house and am looking at real estate in southern Missouri, just to get out of this tax you to death crap hole of a state where it’s a felony to think about guns.
There are some bargains where I want to move to but the problem is that I would also be a seller of my current home, which is paid for.
I believe I would rent out my current home and buy one where I want to live, if I could find the right family to rent my house, I’d be willing to charge only what my taxes are plus require the renter to maintain the house. If it needs a new roof, renter buys it, new interior paint? Renter pays. Plumbing goes bad? Renter pays etc. I’d sign yearly leases until and if the market improved
If I were a renter, I’d jump on a deal like that but where do I find a family that I can trust to live up to their end of the deal?
(Thanks for the ping DuncanWaring)
They knew this, along with the lobby groups who are/were associated with, and who benefited from, the fraud MBS fine print carpetbagging peddlers.
And watch who’s sponsoring alot of the televised media “show.” They don’t seem to be hurting with all those millions for their advertising do they?
This is what Vampire-care is/was all about all along. Any time leveraged bailout on the backs of the individual by the Beltway D. Gang, at the expense of everyone else. While they get exempted!!
Falling home prices and falling salaries is called: DEflation.
That’s when your dollar buys more house, and it’s when an employer can pay employees less.
Watch housing prices to see where we are going: up or down.
bump
Wow. Savvy people with wherewithall and patience have an incredible opportunity to make a fortune. Probably the way to go would be to scoop up real estate cheap, rehab cheap, and rent cheap. If grownups get put back in charge of our government and things turn around in ten years or so, cash in and retire.