I'm getting deeper than that, lets say we can't. Is it really matter if nobody wants todo business with us if we can't pay our defaults. Doubt there would be a war, everybody knows we are gun crazy waralistic nation. We fight and win more than anybody else, just don't see that scenario happening. We lose when we go to other peoples home court, it would be a wild fight if the fight was brought to our country. Like i said, then we just have to do everything here. Pretty sure we can do just fine with out having to import all the stuff we could do now. Would be proud if everything was always American made. Speaking for the young generation we are getting to that point that we want no part of the big business and the bloated Government. I wouldn't even be surprised if some day we have some type of anarchy in the future. These truely are some interesting times, who's to say your inflated market won't implode like ours
It's not going to happen. If we go do down everybody goes down. Even with shadow inventory and what follows we have enough investors buying now to eat that back up. When it comes down to it we can sustain. With just what we have here, we have reserves in oil that other country's couldn't even think of. If we could just mind our own business and do it all here. but, we got spoiled and burned by out sourcing. Not even mentioning expensive wars that most countires couldn't even dream of you. You have to pay the cost to be the best. We aren't Mexico, most of Africa, is Europe going to pick up the slack. When it comes down to it we can reset in do it all here. Goods, food, resources, still lots of good land. It has been proven that communism just doesn't work and isn't right. Is China going to shift into gear, they are already hurting from all this default on debt happening. We might not ever have the wealth we used too but we will still won't be third world. Come on, really?!?
I have to make a point of getting over there and having a look so I can tell my grandkids about the America that used to be before it degenerates into a 3rd world country.
I invite you to come over and show you how bad it is here. I think you will see it's still pretty d@mN good and will be for many decades beyond.
Stop the bleeding, if it can cash flow and keep it postive you have hope. These big banks are ruthless and would rather cut my hand off than do business with them. It's terrible The Short sale would have to be bank approved and there greedy, so probably not going to happen. How much do you have invested so far? The tough neighborhoods are down right a challenge with the type of numbers you are saying you work with. Try complaining to the BBB. The 8k is at least something, good luck Mark
That is fair and we can start a new thread. The chatting did bring on a good idea though, would have been a good read. Can you repost it in the new thread please. There was good ideas for areas we like that, other investors might like to look into also.
I agree with Alex and all these people flocking to Atlanta have made it to where i wouldn't even consider trying to get something there for the portfolio. I have a couple of friends in Florida that worked that area and say it has become so competitive that they are going back to Florida to invest again. They have been chasing those 35,000 to 40,000 numbers since you could get new homes in Florida for that price back in 2008-2009. Went to Atlanta and got some good stuff for that same price range last year, but not worth fighting for this year they said. Hopefully they can find some nice water front properties that they pass on that i can get. I'm telling everybody, Naples FL is a good buy if u can get a house there.
There is no doubt about it, things seem to be heating up. I just hope there is a couple more years for me to hit my goals. then time to convert to a new game
I hear ya Alex, but there is a lot of truth behind what is said.
He believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now. I agree, even better when you buy with cash$