Oh please. Let’s all buy STAWWWWWKS.
Uncle Ben will save us...
Just print more money as a way to prosperity.
I can’t believe no one in the history of the world has never thought of this.
:-(
The current rise in housing prices is due to the same financial phenomena causing the rise in equities. Nervous euro holders are converting their wealth into dollar denominated investments, stocks and US real estate, and excessive money printing rises prices. However there is no corresponding real increase in true value since real wealth is not being created. Like the proverbial house of cards,all will fall down yet again.
Hello?
Both parties need to stop exporting our production, and bring back American factories to give Americans jobs.
Both parties have sold out America.
I believe the first one to turn back and protect America first, will win this contest.
Who will it be?
This is absolutely 100% unadulterated BULL***T.
I knew housing was heading for a fall in 2004 when I saw homes in my neighborhood going to $500K from $200K just three years earlier. Prices that -no one- who lived there at the time could ever afford without a suicidal mortgage.
Lots of others saw it coming too.
The Street knew that housing prices would crash, and that its friends in Washington would step in to stick taxpayers with the tab.
bfl
I find it hard to read the word “epic”, without thinking of this:
(flash animation)
http://www.ispeakofcake.com/flash/index.php
Houses here have gone up 50% in the last 4-5 years. People are being taxed out of their homes and the lib commie CA imports are wrecking everything.
OK, so it is time for prudent Freepers to reduce their bank balances.
What to do with your cash? Some PMs may be a good investment, but I have a few other suggestions.
Every action/investment should make you:
Healthier. Maybe a small garden for home grown veggies? Fruit trees? Exercise equipment? Better air filtration for your home?
Get those medical tests done that you have been putting off?
BTW, last year I paid for some medical tests that my provider would not cover. It turned out I had a life-threatening problem that would have killed me within two years! Surgery fixed it. I was both prudent and lucky. More plastic and metal parts for old darth.
Safer. A larger, safer vehicle? Alarm or a camera system for your house or business? Concealed license along with a better firearm and some training? Money turns ammo into skill!
Spend your money on preps that you will use. I like Jack Spirko’s philosophy about preps that make your life better now. You can find Jack at www.survivalpodcast.com Love his shows.
Richer. Get out of debt FIRST!
Invest in a sideline business? Buy some farmland or rental property? Learn some skill that will always be in demand such as welding?
Right now I think the markets are incredibly risky, not to mention rigged. So traditional stocks, bonds, etc. are too dangerous.
The best investment is something YOU have total control over such as a business no matter how small.
“With the market totally blind to the growing risk in each investment, anyone who had investments in housing or with Lehman Brothers suffered huge losses. “
With the market totally blind to the growing risk in each investment, anyone who had investments in housing or with Lehman Brothers suffered huge losses
Investors were hardly “totally blind.”
Stop giving credibility at that point. Markets always have risks, and the only one’s blind are basically negligent, regardless of “the government” or any other scapegoats involved.