Posted on 10/14/2023 9:39:24 AM PDT by ChicagoConservative27
Your wife may be onto something. We have a 1998 SUV with Blue Book value increasing every year for the past three years.
Mewzilla, I was working for Ontario county when all that went down. In the town that we own rental property, they’ve just established the dreaded land bank. In Syracuse, the land bank is simply to prop up union contractor jobs; you are prohibited from doing the fix up work yourself. We said NO WAY since DH is an experienced multi faceted contractor.
Right across the street is a zombie 4plex which has been REO ever since we purchased our first duplex across the street in 2019. It’s changed bank owners several times while it sits there and rots.
We also purchased perfectly good burned out duplex down the street where the assessor was DISAPPOINTED that it wouldn’t be torn down!
Maybe I will be able to afford a new house now. I’ve been wiped out thanks to lockdowns and Bidenomics. Houses in my region have gone up nearly double every year since remote working californicators from Silicon Valley bought up every scrap of land with cash. I still have my scrap of off grid property but still looking for deals.
Climate Change needed a vacation. It will soon be at the top of the list again.
I sure hope you're right!
Oh Boy !! Got this man thinking.. Thank You !! Nuff Said !!!
“When she comes to me for her annual Christmas donation, I’m saying, “it’s sitting in the driveway.” ”
Wow!
That’s sounds a bit cold!
If the car has low miles and is in good shape I would think $10K+ would be attainable in this market. Edmunds has 2014 LE with 109K miles listed in my area for $14000. KBB says $6K for good condition
Good job my FRiend. Have to say same here but Americans. Hated it when it was mail. Now they get the cell #......
Response:
Price just below crazy. Send me Proof of funds as they do with us... I Have one that won’t simply go away.
I only answer the phone when while bored at paperwork
Oh... In the event you’ve never seen such. Youtube.. Scam the scammers videos.. Too funny. Several exist....... Be Well All !!
Scamdemic led to bidenflation. Add in widespread demonratic deadbeatism and entitlement mentality and this is what you get.
Scammer hangs up.
You're probably right, but she hasn't gotten the message over the past few years. She has an excellent pension, telling me she should have $1500 after paying her bills.
Over the past year, she has added $1000 a month to my obligations, plus making HER car payment (mine is paid off).
I admit it, I'm a dumb ass, but I am trying to get smarter. It's a losing battle, FRiend. It's the price I'm paying for 35 years of marriage, 3 kids, and 3 grandkids.
Or, as Buddy Guy sings, "it's cheaper to keep her."
Also sellers are trying to get same selling prices they could have received when the interest rates were lower.
The problem is that the price the seller wants or maybe even needs does not make it a price that a buyer is willing to pay.
When that happens the market just hits gridlock.
Btw—a long but excellent and very well documented piece (mini book) worth a read:
Short version—the Central Bankers are acting like they did just before the Great Depression—setting everything up for a Great Crash where the rich get richer.
Practical advice under that scenario:
(1) No debt on anything (including fully paid off mortgage) is the safest play—even if it costs short term benefits.
(2) Get out of the stock market—it is way overdue for a stunning long term crash.
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