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  • Profile photo of white_goodmanwhite_goodman
    Participant
    @white_goodman
    Join Date: 2010
    Post Count: 67
    November 9, 2010 - 8:24 am
    simple wrote:
    Love to hear some first hand stories, especially from those who lived long enough to accumulate long trend knowledge.
    I guess, one can reason that gold/silver investment can be no different to property investing as it comes in cycles….

    last time i checked silver and gold dont pay dividends… personally gold and silver is the oil of 2007 in terms of bubble. If you dont have a position on now I wouldnt want to be buying big $ worth at the top

    Profile photo of white_goodmanwhite_goodman
    Participant
    @white_goodman
    Join Date: 2010
    Post Count: 67
    November 7, 2010 - 10:29 am
    bumskins wrote:

    British Buyer, what are your current thoughts on the foreclosure fraud issues mentioned of past ? (or possibly even current?) Are you now satisified that banks have done proper(bullet-tight) due-dilligence on the properties they are listing/have relisted? If not what do you intend to do to protect yourself.

    Also what are people's thoughts & feelings about the US & QE2? Will this affect the timing of when you decide to buy?

    economically speaking QE2 is ridiculous, counter fiscal policy and Keynesian economics is terrible flawed IMO… however from an investing standpoint (property and stocks etc) its putting an artificial floor in the market, and any hint of deflation will be met with further stimulus.

    Basically the Fed is Gandalf… "you shall not pass!"

    Profile photo of white_goodmanwhite_goodman
    Participant
    @white_goodman
    Join Date: 2010
    Post Count: 67
    November 6, 2010 - 9:08 am
    British Buyer wrote:
    That's an amazing interest rate you've been offered.  I guess it's because you have an SSN and credit history.  The lowest I've been offered is 4.63%.  Perhaps your rate will be even lower, what with Bernanke's controversial quantitative easing plan just starting to hit the market.

    their is still literature and talk from Fed members for a slight increase in rates, i cant imagine it actually rising till June and this new round of treasury buying is done…

    regarding condos, if i had 35k would i be able to get a loan to buy one then a second one shortly after or is it straight cash? is HOA bodies going belly up a significant risk from what youve gathered BB?

    Profile photo of white_goodmanwhite_goodman
    Participant
    @white_goodman
    Join Date: 2010
    Post Count: 67
    November 5, 2010 - 3:13 am

    lets just hope the Miami Heat dont win the NBA till we all have property there…

    still amazing how cheap property is relative to sydney prices, good luck hopefully u can get a foothold in miami b4 trip ends

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