Any investors in here?

[Surfer]

Who else is having fun in this lovely market......lol, both Real Estate and Stocks

[killrwheels@autogeek]

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

[Nica]

Originally Posted by killrwheels@autogeek

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

Already doing that

[Tonya]

Originally Posted by killrwheels@autogeek

Note to all :
When equities are down, buy bonds ! (not series EE)

hee hee hee good thing you clairified (not series EE) hee hee hee

[Surfer]

Originally Posted by killrwheels@autogeek

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

Mortgage back bonds suck now if you were in them from earlier on lol, my family is well diversified but the funds/portfolios that invested in mortgage backed securities ate it, lost well over 7 figures on the bonds but only on paper for now, see what happens in the upcomming months. Glad I didn't have any bonds.

[Nica]

Seems that this down ward trend is accross the border, everything has been affected, but I some what agree with what killr said about purchasing now...some of my friends say to hold off, to let this downward motion make it's way down and see how it goes. I guess it's all part of the game though, at the end of the day it's all a risk with the best educated guess. Just my thoughts on it.

[FMINUS]

Moved most my equity from stocks (anticipating correction) to pay off lines. It was okay paying 7% on the lines while earning 20%, but money in the bank doesnt pay.

Ive picked up a few homes on auction at about 65-80% AMV, hoping to flip some of the lower margin homes and holding on to the higher ones.

No real passive income coming in...... ... my bank job doesnt pay....

[Surfer]

Originally Posted by Nica

Seems that this down ward trend is accross the border, everything has been affected, but I some what agree with what killr said about purchasing now...some of my friends say to hold off, to let this downward motion make it's way down and see how it goes. I guess it's all part of the game though, at the end of the day it's all a risk with the best educated guess. Just my thoughts on it.

I'd actually wait, values are going to get lower with more lenders going kaput and shortsales/forclosures rising. The SS/FC are killing everyone right now at least in South Florida. Friend had her place up for sale, and there were 3 shortsales in the area that are comparables that 3 people tried to get financing for and the appraisals have lost 75-100K on value in 4 months and now another forclosure popped up. She can't sell, as people can't get financed for her asking price with money down which was still good for this market.

[Nica]

Originally Posted by Surfer

I'd actually wait, values are going to get lower with more lenders going kaput and shortsales/forclosures rising. The SS/FC are killing everyone right now at least in South Florida. Friend had her place up for sale, and there were 3 shortsales in the area that are comparables that 3 people tried to get financing for and the appraisals have lost 75-100K on value in 4 months and now another forclosure popped up. She can't sell, as people can't get financed for her asking price with money down which was still good for this market.

Thanks for the tip bro, my frriends mentioned the same thing about lenders and forclosures. Actually a few of my friends and including my self got our eyes on a few lenders here who are starting to feel the squeese. I'm very curious to see how this will play out. It could be a great opportunity for those that have the cash to make something happen.

[Surfer]

Originally Posted by Nica

Thanks for the tip bro, my frriends mentioned the same thing about lenders and forclosures. Actually a few of my friends and including my self got our eyes on a few lenders here who are starting to feel the squeese. I'm very curious to see how this will play out. It could be a great opportunity for those that have the cash to make something happen.

Canada has some funny stuff though, I had somebody telling me loans out there aren't long term fixed and they are mostly all short term 3-5 years, was that true?