Venango County in Pennsylvania is a great investment. Houses are inexpensive, but soon to boom due to the gas industry moving into the area. Businesses are buying up land and moving here to take advantage of the opportunities. Check out the prices in Oil City, PA. They won't last, so act now.
So, you were saying that purchasing a property is not a form as real estate investment because of the economic crisis face of a certain country? You have a wide views of in real estate industry and i would love to watch more of your video.
Wow, what a timely video. I am looking at potential investment properties this weekend. Glad to hear one of my favorite economists thinks this is a great idea. But I guess tangible assets will out perform paper with dead presidents any day.
Saying that real property is an investment only when you rent it out is wrong. When you buy a piece of gold at 1300 and it goes to 1400, thats an investment. Same thing for real property. If your saying that flipping something is just capitalizing on the market, thats just arguing semantics. Saying people should not buy right now is like blasp...hemy! lol With the market down 40% and loans at 3%, AND short sales almost 50% below market from.. lets say 05. This is the best time to invest.
@brandeno15 Gold isnt an investment either really..it depends on the destruction in value of currencies...an investment is something that produces value...gold protects value..
@Debatewithme thats right but to a commoditie trader gold is not to prtect value its to buy low and sell high and make money. Gold does go up for more reasons then just inflation. The only arguement here is that your going by difinition of what an investment is. Well by definition a liberal person is a open minded person and we all know thats a bunch of bullshit!
If someone has about 400 thou liquid, theirs nothing better then buying real property renting it, then flip it. With inflation its never good to keep your money just sitting their in your bank, and cd or a 401k is not much better. Plus i think like cds right now are like 2.5%? something like that if you buy a real property at 100 thou and rent it out for about 800 a month thats 9600 a year. Thats 9.6% a year gross, that looks alot better then 2.5%.
If your thinking that the banks are going to burst again and drop the market, you might be right. But there is still lots of money to be made in todays market.
If someone has about 400 thou liquid, theirs nothing better then buying real property renting it, then flip it. With inflation its never good to keep your money just sitting their in your bank, and cd or a 401k is not much better. Plus i think like cds right now are like 2.5%? something like that if you buy a real property at 100 thou and rent it out for about 800 a month thats 9600 a year. Thats 9.6% a year gross, that looks alot better then 2.5%.
Real property is just another item for your portfolio, and its a good one. Its not a waisting asset, ys it does cost money but in a appraisal, the life of the house is not just when it was made but the condition, you know that! Theres only 4 things ill put my cash into: real property, gold, silver, and slv. You say buy gold well look at silver, last year in march 09 silver was 11.78. Its now 30.93.
thank you peter. you woke me up once again. i was about to reinvest some money into the real estate market again, but i come to realize, there are better deals out there.
I have a few homes I need to get rid of for ASAP for only 20k they are already rented out for 500 a month. Add me on facebook and send me a message Travis Garlick I am in Lindon, Utah I have homes all over though.
More people are renting because they can't afford they're mortgage, right? Just don't put unnecessary money into the property before renting it out and have enough funds to take your time finding a tenant.
yeah, people who lose thier jobs shold live on the street.PROFIT before people. Does any1 see the problem with this profit motive?Every single western economic theorist did from Aristotle to Plato and Socrates to yes even Adam Smith who only acknowledged that greedy people have always and will always overcome rules and regulations so he said accept and use as an incentive.But only under strict regulation which has been again overcome.So its time for a new paradigm.
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When we bought our house in 2005 we received a pamphlet that listed various home upgrades and your expected return should you sell the house. Every single upgrade had a return of less than 100%. It then baffled me that you could somehow buy a house, make some repairs, and then sell it at a decent profit. Sure I could have made money taking that approach, but I didn't want to be that guy holding on to multiple mortgages with no buyers in sight.
I am a realtor, and in Toronto I compete with 28,000 other agents....what drives me nuts is the vast majority of them don't understand these basic principles....or they do and ignore them thinking not of their clients, but of their pocket books.
Dave Ramsey describes this the same way. Your own home is not an investment because you have costs involved. Investment is when you have money coming in.
The house you live in is an expense. That doesn't mean you shouldn't buy one. My family prefers to sleep on a dry bed in a warm home.
However to invest in real estate you should be buying houses that rent out at a higher cost than you spend on mortgage, taxes and maintenance.
If you manage to open a gap between cost and rental on all the properties you own that is larger than the cost of your lifestyle you are financially free and that is the 1st step to wealth.
Funny I definitely had reverted back to the mentality of 'personal residence = investment.' Now I am second-guessing my first-time house purchase!
The explanation of the hidden costs of home ownership were eye-opening too. "One way or another you have to pay for shelter!" great point.
Another interesting concept is the value of flexibility. Can you put a dollar amount on the flexibility of a lease vs. a mortgage? Probably not, but the convenience is some kind of value.
Peter: What about when the house is paid off? Then you're no longer paying rent - extra money in your pocket every month. Can't that be considered an investment? An annuity is a large sum up front in exchange for smaller periodic payments going forward. Isn't home ownership basically the same thing - a large sum up front in exchange for NOT making small periodic payments going forward? (assuming you stay put once the home is paid off; also depends on the actual principal, interest, etc). Thx
No! It's better to have extra money in your pocket immediately for real investment. His example was perfect, $7,500/month to rent vs. 2.5 million, which would take over 30 years to pay off with interest. If you can afford 2.5 million upfront, great, but it's still better to put that 2.5 million into a low risk fund which yields dividends, something a house won't do.
God bless you! I'm recently married and young and as one of the newer generation with some common sense in me... I could never wrap my head around a house being an investment when everyone explained it to me. Everytime I consider it the word "lunacy" comes to my mind. And as for the American dream... you took the words right out of my mouth. Home ownership is a lie, the American Dream was about potential as an individual!
I think that Peters logic is pure sense, house flippers try to paint a reality construct to justify their speculation as investing at their childrens and grand children's expense!
Go to hell shelter Flippers, pip and dot with your 17 and 20 house real estate portfolios deserve what they get
No it's not the same thing. Dividend paying stocks barely count for inflation and you have almost no power on the appreciation or interest of the stock. On the other hand rent can be raised or lowered based on what you do with the house. In other words you have more power in raising your returns with rent other than with dividend paying stocks.
This guy joking? He says holding on real estate and looking only to appreciation does not count as investing; its 'speculation'.
Later on he says we should rather save our money and invest in stocks. Does he understand that stocks just go up from appreciation as well (not counting preferred stock). Not even mentioning how many people refer to stocks as 'speculative'. He's just saying that now because of the market collapse. 3 years ago he'd be saying it's a great investment for the long term
Peter has been renting for many years, in a video posted months ago he said he was renting when he lived in California during the tech boom. That was longer than 3 years ago. Stock prices can go up from investor speculation, no doubts there, but the long term price rise must come from company performance. Buffett is an obvious example of how investing is not speculation, he isn't merely lucky.
If you buy a house and lose your job, where is the investment? How about foreclosure? A friend of mine lost his job, but was offered a job in another state, and he's now paying on 2 houses. After being on the market for over a year, he's trying to rent it out, but still no luck(a condo in a great location). So it doesn't bring in money, it sucks out money.
Hopefully you're joking. Wealthy people make money from buying houses they live in? Personal residence and real estate investments are not the same thing, as Peter Schiff explains. My friend did look at his condo as an investment and that's the problem because Americans over built based on a phony economy.
You need to watch the video again and reread what I wrote. The questions arose from personal residential housing, not real estate in general. This is precisely what I was referring to as well as Peter, since many Americans have lost their homes due to the illusion of it as being a wise investment. That's it.
why do we care if our fellow americans lose their homes? They won't listen to you or anybody if you were to tell them not to buy one during the prebubble. The point is they saw cheap credit they borrowed and they got screwed, and its OK, they'll learn not to spend money they don't have in the future.
I tried not to laugh when I learned what the phrase "Using houses as ATMs" actually meant. I never realized owning a home means one is a trillionaire.
Honestly, I just don't see Americans doing that. If anything, I see the opposite: More credit, more debt, more foreclosures - because it's hard to change ways of doing things when you're used to living a certain lifestyle.
so if i make a lot of money and pay off my home early leaving me in 10-15 years with no mortgage payment I would consider this a smarter course than renting until the day I die and being subjected to the whims of the owner. not so fun when they sell the property that you lovingly cared for and your life is upended because the new owner wants you out. much of what Peter is peddling here is semantics imo.
You are not talking about an investment. If you like owning your home, do not want to put up with a landlord (of course I love my landlord because he jumps through hoops to keep me) and like to garden - that is your choice and your quality of life may be better and worth the additional cost. But run the cash flows. Value is derived from future cash flows. Good luck.
Buying a home and living in it is not an investment, but it sure beats renting and dumping money month after month with no return of any sort. Purchased property pays for itself by saving money that you don't have to pay for rent. In 20-30 years time you own that home whereas you still need to pay rent if you are renting it. But I still wouldn't buy in the US. I invest into properties in Hong Kong.
The reason I don't want to live in Bridgeport is because its too far of a commute to NYC.
Stamford, rye, harrison, new rochelle. Those all sound like excellent places to live for people who want a chance to work in Stamford or NYC, huge job zones.
This sounds like an argument of definition of the word "investment" which isn't too important as long as you define your terms.
I actually consider buying a car an investment simply because it gains me the ability to do things I couldn't have ordinary done without the car. The car is indeed a money pit, but you can attribute a large percentage of your livelihood to his ability to make incredibly long trips in short periods of time. That is the profit of your money pit.
I'd also like to mention that I bought my car 11 years old with money I already had in mid 2008. I have to spend a lot on repairs, but I don't have any debt obligations. I budget a monthly repair fee of around 100 a month for "just in case". this is much lower than a financed car payment.
I think a better definition for the word investment might be anything that involves taking a risk to make a profit.
Longer term, real estate, like any commodity is going to become more valuable because increasing population creates a bigger demand for a limited resource. Real estate seems a safer bet than fiat currency, and has more utility to produce income than gold for instance, and may be easier for a layman to understand and control than betting on stocks.
Agreed, but don't confuse where the real value in real estate lies.
The valuable real estate you're talking about is land...Peter is trying to teach the idiots who make real estate investments that focus on the structures on that land...and that's his point. The structures always depreciate.
I am a Realtor in Missouri. I only sell income producing rental property. I do not donate to Realtor PAC because they lobby Washington to prop up the residential sector.
Mr Shiff, love your videos but a word of advice on your production...lower the camera when you record or sit on a book. You look like you're a kid peeking over a counter.
As a former homebuilding professional, i can tell you catagorically without doubt that everyone from the banks, mortgage comps, wall street, poloticians were all complicit in this "House of Cards". A home is a home not an ATM machine. A homes value is determined by to many factors. However it is a safe and remains the only path to independence, true freedom and liberty! Which is why "TPTB" have attacked the family from within. Strip you of your manhood and disenfranchise millions all at once.
well if you take a junk house and fix it up, that is creating wealth, but most people bought realestate to flip immediateely and without any work done to it.
Peter, i agree w/ almost everything in your real estate blog, but you left out 2 scenarios (both of which i currently benefit from) in which real estate can be an investment. One is rural property that can be vastly improved over time without significant expense (forest & soil restoration), and the other is living in community (i bought single fam home, lived there AND rented rooms to friends/family for 10 years, sold it at a large profit (including subtracting maintenance costs). Go figure.
I imagine that a Frank Lloyd Wright home may have appreciated in structure and not in land value. This is splitting hairs, but may be worth considering as an exception.
About speculation and investment: I believe that most economists have made a split between consumption and investment/savings, but since consumption is rooted in declining usefulness and is not completed at the moment of purchase, there must be at LEAST one other option: speculation.
One thing Peter forgot that's bad is that ether your money is tied up in your home and therefore not earning interest, or your finance it and pay 3x the price for it. I know people who have refinanced every 10 years and have never paid more than a couple thousand into their principle! The first 10 years of your mortgage is nearly ALL interest.
Peter, just bail your landlord out and buy that house out...NOT as an investment...but as a place to LIVE. You have your investments in the world markets. Just buy and forget about this house...you need to move on. It's too much of a burden on your mind at this point. You have more important things to worry about.
Finally someone says what I've been saying for years to the block-headed home ownership crowd. Renting is not throwing your money away and in probably 2/3s of the cases, people who own homes would be far better off financially if they rented. Nevermind when you lose your job, you are out of your rented home or apartment in 30 or 60 days scot free and arent sweating over depreciation on a $400,000 note.
Not sure I agree that buying a house to live in is not an investment. Sure, you won't make any money out of it, but once you've paid for it you will never have to pay a cent in mortgage or rent ever again no matter what happens to the real estate market or wider economy. This can be very important when you're old and no longer earning wages. You could rent cheaper and put the money saved into various financial instruments, but those are not linked to the cost of housing which you always need.
A house is not a money maker. Hence it's not a investment. Just like you buy a car it's not an investment, it doesn't create money for you. You car loses value the more you use it. You still have to pay insurance, and property taxes when you buy a house, plus the house needs to be maintained. A house doesn't make money for you especially if you just live in it. An investment is something that you gain from, and actually get a positive cash flow.
I just think it's quite narrow to define "investment" as only things that provide you with cashflow. Buying a house (at the right time, not now!) can be a way of putting aside income now so you can consume it in old age (by not having to pay rent when you are old), same as putting away money in savings or a pension to consume when you are old.
It's not an investment, it's speculation. Speculation involves risk in trying to make a profit. The housing bust was a result of rampant speculation. Buying a house at the right time doesn't guarantee it will retain it's value, much less appreciate in value. Again there is many market forces that are out of your control to make your house value more. Even a neighbor can paint his house poke dotted with purple color, and green, that will depreciate your house.
You're not listening... I'm not saying that buying a house is a good way to make money. Anyone who bought in the last few years has proven that. I'm saying that you are always going to need somewhere to live, and if you don't own somewhere you are going to have to rent it using money you made elsewhere. Can you guarantee that your financial investments will keep pace with the real estate market? That matters when you're old and need security. In that sense buying is deferred consumption.
I have to disagree. What is the return on investment for renting for 20 years verses paying off a mortgage over 20 years. ROI on rent is -100%, ROI on a home may be positive or negative, but certainly much better than -100% in the vast majority of cases.
4McClain - ROI is investment gain less cost divided by cost. You also need to adjust for inflation to produce a "real" return. If your house is worth $300K today and inflation has averaged 5% over the last 20 years, your house in real terms is $113K (300 / (1.05^20)). Probably not much more than you paid. Also, you probably have remodeled almost every room over the past 20 years, painted the house 4x, etc. You likely lost money on that house. Good luck.
Are you saying that renting is a better option? Inflation is actually closer to 3% over the past 20 years, Either way though I would argue that mortgage interest eats into ROI more than maintenance. My own house has gone up about 15 percent in value in 6 years which is not so good, but I have put in about 5% into it in maintenance. I agree with much of what Mr Schiff has to say, but this point I do not..
Renting as a investment is far more likely to peform better. Use a spreadsheet. Map out your cash flows. In your terminal value, don't forget to include brokers fees and whatever inflation rate you deem correct. I believe your IRR will be negative. Over the long haul it may be slightly negative or slightly positive, but you own your house, you don't have to deal with a land lord and you are comfortable. That's the real value. Buy cash flows for an investment, not a house. take care.
Rent can become more viable, but only if I either pay less in rent than I would in a mortgage, taxes and maintenance and I invest the difference to offset the loss of equity I would build in owning a home. Also if interest rates go up renting can become more attractive. If the neighborhood goes to crap, I loose more in owning. Also when a home is paid off the payment can be invested in stocks, bonds, etc. Not the case though with rent. I see your point, but don't think it is so black and white.
Let's take a step back. If you can pay less all in owning a home than renting, you would do that all day, but that trade does not exist. Why not buy a bunch of home and rent them? I think you should own a home if the payment makes sense and you like the perks. There are benefits to owning a home, but it almost always does not make sense as an investment. You are looking to buy, hold, and pay down the mortgage. Not cash out with a HELOC. That is the right approach. Good luck.
Let me clarify. I agree with most of what you said. I have all those benefits of owning a home. It is a matter of preference. The difference between renting and owning though from a financial standpoint is that when renting you do not build up any equity. With owning when finished paying the bank you then have an asset that can be converted to cash. On top of that you can invest the money you were paying the bank to pay yourself and gain a return on investment. (cont)
Like wise, when renting at no point in time do you have an asset that can be converted to cash. Also since you never own an apartment your housing payment never ends (unless you sublet), so you can never redirect that money to other endevers. Does that make sense? Compared to other investments owning home is not good, but compared to renting I believe it is good. I would be interested to see what the future cash flow derived from renting you speak of would be.
No it's not, gold is money that is oftentimes represented by a currency. A currency has artificial value as a note that represents real money with real value (gold) because it is more transportable.
do you buy your neighbors garbage hoping it is going to appreciate ,when in reality it has no value ? No ? Then why you are buying stocks ? It is the same thing .
Fundamentally I tend to agree with you TUK, but I buy and sell stock based on general perceptions of the underlying. It is more or less chartable, and I can assure you that many people make a living at it. People that aren't in the market daily, and heck, people in general, don't have a clue how the action really works. Fundamentals may tell you what, but it never tells you when. And that's if you've got your fundamentals right in the first place! I wouldn't change the stock market for anything.
He is a very angry teenager with a very disturbing reading comprehension issue. I don't see how cussing your debater out will help you win an argument.
I've already discredited the idiots you call my "debtors", now its just an insult match which they themselves turned it into. Maybe you should read the debate before you plow into an argument like some internet white knight that thinks he knows what hes talking about.
You said that you doubted that they hijacked the plane, and said the truther theory sounds more credible then the official story. that makes you a truther. Its not that hard to enter the US, or didn't you catch the millions of illegals entering our country? You need to develop some critical thinking skills.
Everyone has some doubts about everything, but to think that our government did 911 without sound evidence is idiotic. We went to iraq for a lot of reasons, Our installed dictator Saddam was acting up, we wanted control of their oil, etc.
wow, i see a lot of people passionate about real estate. Everything in this video makes sense. It's one point of view. Real estate is a function of rents like he says. That means you didn't buy it to sell it so it doesn't matter anyway!!! That is unless you leveraged a bunch of your own cash into it. If that's the case then you were buying a house like Peter said. Makes sense to me
Pete you totally right !! when you by one house is not only the nominal price.we have:Taxes,maintenance,landscape ,interest e E.T.C. Even if the price go up you just pay for this extras depends on the property this numbers can by very hi.
Each one of your posts is a straw man argument. I never said if you doubt the official story you're a "conspiracy douchebag". You're a "conspiracy douchebag" when you believe everything you hear from people like Alex Jones without solid evidence, but then again you wouldn't recognize real evidence if it bit you in the face.
There are enormous amounts of dollars chasing fewer goods and services US real GDP is not 14 trillion but maybe a trillion at the best Then how do u explain people buying company that makes 10000 a year for 10 million bucks ? it is totally insane .you call that investment ?
If anyone calls this investment they need to be either in jail or psychiatric institution
Gold prices have been suppressed for a long time. The latest and possibly last suppression may come this Friday USA time.
The U.S. governments Treasury debt auctions will sell the greatest amount of debt ever sold in one week. The net debt increase of $153 billion is so high it will exceed the current authorized federal debt limit. Flooding the financial markets with so much debt is a sign of weakness for the U.S. dollar. Dollar goes down, gold goes up.
What do you mean by "conspiracies"? Please help me understand what was wrong with the post by Dollarcrisis (please stick to what Dollar wrote). I appreciate your response. Thanks.
Why are city lots so much more expensive than farmland? Farms produce income, yards cost money for maintenance. If you buy a car and take good care of it, it should last forever. The American dream is free land they stole from the Indians. If a dog can bark as loud and often as he wants, is that Free Speech?
If you live in a trailer park then you would know land produces income. The travel expense for living on a farm is a lot greater than in the city. That has to be equated some how, but there is a trade in the smell of pig $hit to homeless people.
sorry peter, first rule of investing is to own a property no further then one hour away..if you purchase a property outside the country, the cost of a property manager will eat up any potential positive cash flow then would have been generated.
So you think that it was an inside job. To say that the hijackers couldn't get on the plane and do what they did is being in denial. You're just like Alex Jones, a loon.
There's little doubt to any half-wit who does his/her OWN research (please don't believe anyone else) and seeks credible sources (they're out there, not necessarily just AJones) can easily discover that 9/11 was an inside job. Hundreds of engineers et all, from foreign countries as well, have investigated independently and found CLEARLY that the "official story" just doesn't jive. We're AMERICANS and we all need to just show up in Washington and clean up OUR government.
I have done my own research. I love people like you that haven't and claim 911 was an inside job. For someone telling someone to do their own research maybe you should do your own? Oh wait its because Pseudo libertarians aka 911 truthers dont know how to do their own research, so they just regurgitate the same stupid talking points. The official story has a few gaps in it but its pretty consistent. Get an education.
I think DC is saying it's ludicrous to think a few people with box cutters can hijack an airplane. I don't think he brings up a bad point. Wouldn't you have the balls to stand up to a box cutter if the alternative is a hijack?
I am not a conspiracy theorist and I don't claim to know what happened on 9/11. But to automatically reject the idea of an inside job is just as lunatic as rejecting the idea of it simply being a terrorist attack.
To automatically assume that it was an inside job without any evidence is a symptom of mental illness which the vast majority of truthers have.
Reject the idea? You mean the possibility? There is always a possibility of something, but to claim that those possibilities are fact without hard evidence is the work of a lunatic and or an idiot. I wish I read your last statement before I started typing this message, then I would have known that you're a waste of time.
Wow, I am suprised your head fit in this comment section. Get over yourself bud.
As I said, I don't know what happened on 9/11 and have not researched it enough to make a decision.
AJ has a style not many like or appreciate. I don't blindly follow everything he says, but in the miriad of things he makes valid points and encourages people to think and research for themsleves. That is what I do. I read, research, think and make conclusions. I don't see what's wrong with that.
Alex Jones almost never makes valid points. Hes nothing but a fat con man. Alex Jones encouraging people to think for themselves? ahahahahahahhahahah!!!!!! Oh wow, thats why he calls everyone that disagrees with him on 911 a sheep, asleep, government agent, illuminatist, mason, etc. right? You haven't researched a god damn thing in your life outside of school.
Well you sure are making your voice heard and getting your point across with your clever (not) insults. Your self-righteousness is transparent and annoying.
The thing is AJ makes good points and so do others I have been listening to in Schiff, Rogers, Faber, Celente, Chapman, etc. They all have different messages and you can figure out on your own what to believe after you hear them.
AJ must have caused great heartache to you that you have to attack someone who talks positively about him.
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egreen20 3 months ago
Venango County in Pennsylvania is a great investment. Houses are inexpensive, but soon to boom due to the gas industry moving into the area. Businesses are buying up land and moving here to take advantage of the opportunities. Check out the prices in Oil City, PA. They won't last, so act now.
venangocountynow 6 months ago
anybody has visited this site? ww,house-in-seattle,com? think they rents houses and other private residences in Seattle, WA as vacation homes
chrisrugh17 8 months ago
Great video about real estate
TeamVIPWalnutCreek 8 months ago
Yes interesting input for sure.
AbbotsfordRealty 8 months ago
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Nice work !
Hopefully you can find the time to check out my parody video on how Kids can do Real Estate Too!
Youtube: CheapCheapRealEstate
Dave
cheapcheaprealestate 9 months ago
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Hey, click on my channel to get great deals on Real Estate, Lawyers, and Cars @ Referral Network Saver!
CyQuillan 9 months ago
Thank You :)
VegasRealEstateBlog 9 months ago
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VegasRealEstateBlog 9 months ago
I bet this guy has no pants one
gary4poker 10 months ago
So, you were saying that purchasing a property is not a form as real estate investment because of the economic crisis face of a certain country? You have a wide views of in real estate industry and i would love to watch more of your video.
spectrum0590 11 months ago
I like what you are doing with your YouTube channel! I checked out a few videos and I like what I see! Great job!
TheREIMaverick 1 year ago
Wow, what a timely video. I am looking at potential investment properties this weekend. Glad to hear one of my favorite economists thinks this is a great idea. But I guess tangible assets will out perform paper with dead presidents any day.
tinfoilcap 1 year ago
Saying that real property is an investment only when you rent it out is wrong. When you buy a piece of gold at 1300 and it goes to 1400, thats an investment. Same thing for real property. If your saying that flipping something is just capitalizing on the market, thats just arguing semantics. Saying people should not buy right now is like blasp...hemy! lol With the market down 40% and loans at 3%, AND short sales almost 50% below market from.. lets say 05. This is the best time to invest.
brandeno15 1 year ago
@brandeno15 Gold isnt an investment either really..it depends on the destruction in value of currencies...an investment is something that produces value...gold protects value..
Debatewithme 1 year ago
@Debatewithme thats right but to a commoditie trader gold is not to prtect value its to buy low and sell high and make money. Gold does go up for more reasons then just inflation. The only arguement here is that your going by difinition of what an investment is. Well by definition a liberal person is a open minded person and we all know thats a bunch of bullshit!
brandeno15 1 year ago
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If someone has about 400 thou liquid, theirs nothing better then buying real property renting it, then flip it. With inflation its never good to keep your money just sitting their in your bank, and cd or a 401k is not much better. Plus i think like cds right now are like 2.5%? something like that if you buy a real property at 100 thou and rent it out for about 800 a month thats 9600 a year. Thats 9.6% a year gross, that looks alot better then 2.5%.
brandeno15 1 year ago
If your thinking that the banks are going to burst again and drop the market, you might be right. But there is still lots of money to be made in todays market.
brandeno15 1 year ago
If someone has about 400 thou liquid, theirs nothing better then buying real property renting it, then flip it. With inflation its never good to keep your money just sitting their in your bank, and cd or a 401k is not much better. Plus i think like cds right now are like 2.5%? something like that if you buy a real property at 100 thou and rent it out for about 800 a month thats 9600 a year. Thats 9.6% a year gross, that looks alot better then 2.5%.
brandeno15 1 year ago
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brandeno15 1 year ago
Real property is just another item for your portfolio, and its a good one. Its not a waisting asset, ys it does cost money but in a appraisal, the life of the house is not just when it was made but the condition, you know that! Theres only 4 things ill put my cash into: real property, gold, silver, and slv. You say buy gold well look at silver, last year in march 09 silver was 11.78. Its now 30.93.
brandeno15 1 year ago
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brandeno15 1 year ago
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brandeno15 1 year ago
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brandeno15 1 year ago
Peter Schiff as always is right.
9:07 is a essence.
jimjaas 1 year ago
Wow this is a pretty good video...opened my eyes !!
casperlok2dbrain 1 year ago
NICE!!!!!!!!
AC1717171717 1 year ago
scarty cat
brandobj 1 year ago
Interesting video about investment and real estate.
spectrum0590 1 year ago
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Hey I know someone that can maybe give you some answers! Check him out at wwwhampghcom
stopmyforeclosure101 1 year ago
thank you peter. you woke me up once again. i was about to reinvest some money into the real estate market again, but i come to realize, there are better deals out there.
inconformant 1 year ago
2010's title should read "Landlord Market: Come one, come all!
puffyhair1990 1 year ago
Very sound advice. Good video.
MrGiovani1980 1 year ago
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Steventk26 1 year ago
I love the video!!! you did well.
I have a few homes I need to get rid of for ASAP for only 20k they are already rented out for 500 a month. Add me on facebook and send me a message Travis Garlick I am in Lindon, Utah I have homes all over though.
the1andonlytravis 1 year ago
Just subscribed, glad to see you having a channel on youtube.
joeguy02 1 year ago
Peter,
This is now August 2010. What do you see for the RE market in the next 2 yrs.?
When do you think the RE market will turn around and start going up again?
karenbcz22 1 year ago
More people are renting because they can't afford they're mortgage, right? Just don't put unnecessary money into the property before renting it out and have enough funds to take your time finding a tenant.
AmericanCritiquer 1 year ago
If anyone is interested in purchasing beautiful, affordable homes in
Northern VA--Prince William, Fairfax, Loudon, Stafford--please call
1-888-552-4257 for details & pricing. :-)
Nutopian915 1 year ago
great video!!!!
realestateonli 1 year ago
yeah, people who lose thier jobs shold live on the street.PROFIT before people. Does any1 see the problem with this profit motive?Every single western economic theorist did from Aristotle to Plato and Socrates to yes even Adam Smith who only acknowledged that greedy people have always and will always overcome rules and regulations so he said accept and use as an incentive.But only under strict regulation which has been again overcome.So its time for a new paradigm.
99missingperson99 1 year ago
FUCK YOUR PETER SHIT
woobiehastelly 1 year ago
@woobiehastelly you mad
zzzDiamondzzz 1 year ago
@zzzDiamondzzz I AINT EVEN MAD
woobiehastelly 1 year ago
@woobiehastelly you irate brah
zzzDiamondzzz 1 year ago
This has been flagged as spam show
Great video, I think you will also like our latest video. If you want to follow the leading video marketing team in your industry check out REP_ Interactive on twitter@REPinteractive or add our CEO @SteveGatena
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Thanks
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RepInteractiveLLC 1 year ago
This has been flagged as spam show
Great video, I think you will also like our latest video of luxury real estate. If you want to follow the leading video marketing team in your industry check out REP_ Interactive on twitter@REPinteractive or add our CEO @SteveGatena
You can also check us out on Facebook (Search REP Interactive)
YouTube
- RepInteractiveLLC's Channel
Thanks,
Dan
RepInteractiveLLC 1 year ago
informative video....if u want to post realty ad for free...go to adstore.com.ph
rolanpb31 1 year ago
whatt???
sampor 1 year ago
Hi,
Thanks for this Video. It is very informative. This reminds me of another YouTube Video that's helpful in Youtube audiences and on Real Estate arena.
Check this on YouTube: "How to Find Buyers & Sellers on the Internet" from Wendy Patton's Bootcamp
Kudos to you guys!
niquolleannjie 1 year ago
Very cool and very informative!
LaneRealEstateTeam 1 year ago
When we bought our house in 2005 we received a pamphlet that listed various home upgrades and your expected return should you sell the house. Every single upgrade had a return of less than 100%. It then baffled me that you could somehow buy a house, make some repairs, and then sell it at a decent profit. Sure I could have made money taking that approach, but I didn't want to be that guy holding on to multiple mortgages with no buyers in sight.
ifc6969 1 year ago
Very good info. Right on Target!
sjls 2 years ago
how about living at home ???
flagship21 2 years ago
I LOVE this vblog.
I am a realtor, and in Toronto I compete with 28,000 other agents....what drives me nuts is the vast majority of them don't understand these basic principles....or they do and ignore them thinking not of their clients, but of their pocket books.
Keep up the great work,
PETER SCHIFF 2010!!!
420canada247 2 years ago
ya I agree with you agents in toronto are sales people and probably never invested in real estate. Its all show and deception
flagship21 2 years ago
Dave Ramsey describes this the same way. Your own home is not an investment because you have costs involved. Investment is when you have money coming in.
brandonhomes 2 years ago
The house you live in is an expense. That doesn't mean you shouldn't buy one. My family prefers to sleep on a dry bed in a warm home.
However to invest in real estate you should be buying houses that rent out at a higher cost than you spend on mortgage, taxes and maintenance.
If you manage to open a gap between cost and rental on all the properties you own that is larger than the cost of your lifestyle you are financially free and that is the 1st step to wealth.
kevinsproul 2 years ago
Funny I definitely had reverted back to the mentality of 'personal residence = investment.' Now I am second-guessing my first-time house purchase!
The explanation of the hidden costs of home ownership were eye-opening too. "One way or another you have to pay for shelter!" great point.
Another interesting concept is the value of flexibility. Can you put a dollar amount on the flexibility of a lease vs. a mortgage? Probably not, but the convenience is some kind of value.
RevsPastRedline 2 years ago
Peter: What about when the house is paid off? Then you're no longer paying rent - extra money in your pocket every month. Can't that be considered an investment? An annuity is a large sum up front in exchange for smaller periodic payments going forward. Isn't home ownership basically the same thing - a large sum up front in exchange for NOT making small periodic payments going forward? (assuming you stay put once the home is paid off; also depends on the actual principal, interest, etc). Thx
molynieux 2 years ago
No! It's better to have extra money in your pocket immediately for real investment. His example was perfect, $7,500/month to rent vs. 2.5 million, which would take over 30 years to pay off with interest. If you can afford 2.5 million upfront, great, but it's still better to put that 2.5 million into a low risk fund which yields dividends, something a house won't do.
mofofosho13 2 years ago
God bless you! I'm recently married and young and as one of the newer generation with some common sense in me... I could never wrap my head around a house being an investment when everyone explained it to me. Everytime I consider it the word "lunacy" comes to my mind. And as for the American dream... you took the words right out of my mouth. Home ownership is a lie, the American Dream was about potential as an individual!
Theevagabond 2 years ago
In two years you won't reconize america - lindsey williams.
studentoflife01 2 years ago
I think that Peters logic is pure sense, house flippers try to paint a reality construct to justify their speculation as investing at their childrens and grand children's expense!
Go to hell shelter Flippers, pip and dot with your 17 and 20 house real estate portfolios deserve what they get
fox20012 2 years ago
Look up, Bill Hicks on JFK here on youtube!
Lingerfoot 2 years ago
Please post more videos like this one Mr. Schiff.
Lingerfoot 2 years ago
No it's not the same thing. Dividend paying stocks barely count for inflation and you have almost no power on the appreciation or interest of the stock. On the other hand rent can be raised or lowered based on what you do with the house. In other words you have more power in raising your returns with rent other than with dividend paying stocks.
Mozes540 2 years ago
This guy joking? He says holding on real estate and looking only to appreciation does not count as investing; its 'speculation'.
Later on he says we should rather save our money and invest in stocks. Does he understand that stocks just go up from appreciation as well (not counting preferred stock). Not even mentioning how many people refer to stocks as 'speculative'. He's just saying that now because of the market collapse. 3 years ago he'd be saying it's a great investment for the long term
Mozes540 2 years ago
Peter has been renting for many years, in a video posted months ago he said he was renting when he lived in California during the tech boom. That was longer than 3 years ago. Stock prices can go up from investor speculation, no doubts there, but the long term price rise must come from company performance. Buffett is an obvious example of how investing is not speculation, he isn't merely lucky.
Edphistopheles 2 years ago
If you buy a house and lose your job, where is the investment? How about foreclosure? A friend of mine lost his job, but was offered a job in another state, and he's now paying on 2 houses. After being on the market for over a year, he's trying to rent it out, but still no luck(a condo in a great location). So it doesn't bring in money, it sucks out money.
bartok6969 2 years ago 6
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Mozes540 2 years ago
Hopefully you're joking. Wealthy people make money from buying houses they live in? Personal residence and real estate investments are not the same thing, as Peter Schiff explains. My friend did look at his condo as an investment and that's the problem because Americans over built based on a phony economy.
bartok6969 2 years ago
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Mozes540 2 years ago
You need to watch the video again and reread what I wrote. The questions arose from personal residential housing, not real estate in general. This is precisely what I was referring to as well as Peter, since many Americans have lost their homes due to the illusion of it as being a wise investment. That's it.
bartok6969 2 years ago
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Mozes540 2 years ago
why do we care if our fellow americans lose their homes? They won't listen to you or anybody if you were to tell them not to buy one during the prebubble. The point is they saw cheap credit they borrowed and they got screwed, and its OK, they'll learn not to spend money they don't have in the future.
moniequa 2 years ago
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Mozes540 2 years ago
I tried not to laugh when I learned what the phrase "Using houses as ATMs" actually meant. I never realized owning a home means one is a trillionaire.
Melville10 2 years ago
There is an easy way around that. Aggressively save and pay cash. No such thing as foreclosure if you own the property.
navykev 2 years ago
Honestly, I just don't see Americans doing that. If anything, I see the opposite: More credit, more debt, more foreclosures - because it's hard to change ways of doing things when you're used to living a certain lifestyle.
bartok6969 2 years ago
thats why i make videos -- i am trying to show people there is another way -- nothing better than really owning every thing you own
navykev 2 years ago
yeh it helped
alikokos 2 years ago
wow he said exactly what the American dream is! Kudos Peter!
JoeyPencils 2 years ago
so if i make a lot of money and pay off my home early leaving me in 10-15 years with no mortgage payment I would consider this a smarter course than renting until the day I die and being subjected to the whims of the owner. not so fun when they sell the property that you lovingly cared for and your life is upended because the new owner wants you out. much of what Peter is peddling here is semantics imo.
harmoniumstudio 2 years ago
You are not talking about an investment. If you like owning your home, do not want to put up with a landlord (of course I love my landlord because he jumps through hoops to keep me) and like to garden - that is your choice and your quality of life may be better and worth the additional cost. But run the cash flows. Value is derived from future cash flows. Good luck.
badonkadonk34 2 years ago
Buying a home and living in it is not an investment, but it sure beats renting and dumping money month after month with no return of any sort. Purchased property pays for itself by saving money that you don't have to pay for rent. In 20-30 years time you own that home whereas you still need to pay rent if you are renting it. But I still wouldn't buy in the US. I invest into properties in Hong Kong.
yadranko 2 years ago
The reason I don't want to live in Bridgeport is because its too far of a commute to NYC.
Stamford, rye, harrison, new rochelle. Those all sound like excellent places to live for people who want a chance to work in Stamford or NYC, huge job zones.
TheMetalPerson 2 years ago
This sounds like an argument of definition of the word "investment" which isn't too important as long as you define your terms.
I actually consider buying a car an investment simply because it gains me the ability to do things I couldn't have ordinary done without the car. The car is indeed a money pit, but you can attribute a large percentage of your livelihood to his ability to make incredibly long trips in short periods of time. That is the profit of your money pit.
TheMetalPerson 2 years ago
I'd also like to mention that I bought my car 11 years old with money I already had in mid 2008. I have to spend a lot on repairs, but I don't have any debt obligations. I budget a monthly repair fee of around 100 a month for "just in case". this is much lower than a financed car payment.
I think a better definition for the word investment might be anything that involves taking a risk to make a profit.
TheMetalPerson 2 years ago
I heard it put a slightly different way. Assets or Investments feed you. Liabilities or bills you pay eat you.
cooperbry 2 years ago
Longer term, real estate, like any commodity is going to become more valuable because increasing population creates a bigger demand for a limited resource. Real estate seems a safer bet than fiat currency, and has more utility to produce income than gold for instance, and may be easier for a layman to understand and control than betting on stocks.
EdgeRetro 2 years ago
Agreed, but don't confuse where the real value in real estate lies.
The valuable real estate you're talking about is land...Peter is trying to teach the idiots who make real estate investments that focus on the structures on that land...and that's his point. The structures always depreciate.
fakeplasticme 2 years ago
I am a Realtor in Missouri. I only sell income producing rental property. I do not donate to Realtor PAC because they lobby Washington to prop up the residential sector.
DavidThePatriot 2 years ago
Mr Shiff, love your videos but a word of advice on your production...lower the camera when you record or sit on a book. You look like you're a kid peeking over a counter.
Piper146 2 years ago 9
Good one.
lmankj 2 years ago
Great video, excellent points! You bring truth and justice to a topic that many of us have forgotten the truth about in the past RE boom.
Well done!
Ineedtoshortenmyname 2 years ago
Good Video!
1776uspatriot 2 years ago
tell this to Donald Trump...
turtleblues66 2 years ago
Great video, once again. Hats off to you, sir.
ashaney13 2 years ago
As a former homebuilding professional, i can tell you catagorically without doubt that everyone from the banks, mortgage comps, wall street, poloticians were all complicit in this "House of Cards". A home is a home not an ATM machine. A homes value is determined by to many factors. However it is a safe and remains the only path to independence, true freedom and liberty! Which is why "TPTB" have attacked the family from within. Strip you of your manhood and disenfranchise millions all at once.
Pharaoh1969 2 years ago
Another great video. I'd love to hear more fundamentals about Real Estate soon!
heymisterderp 2 years ago 2
good video peter
stoneeh 2 years ago
well if you take a junk house and fix it up, that is creating wealth, but most people bought realestate to flip immediateely and without any work done to it.
DevBlazed 2 years ago
Peter, i agree w/ almost everything in your real estate blog, but you left out 2 scenarios (both of which i currently benefit from) in which real estate can be an investment. One is rural property that can be vastly improved over time without significant expense (forest & soil restoration), and the other is living in community (i bought single fam home, lived there AND rented rooms to friends/family for 10 years, sold it at a large profit (including subtracting maintenance costs). Go figure.
Seabrook57 2 years ago
dow jones real value = 100 not 10 000
tuktukktotam 2 years ago 2
stock market has to go down , it is blown way out of proportion
99% of companies are not worth anywhere near market says they are worth If it is more than PE ratio of 1 it is overpriced
man of them do not even have PE ratio because they are losing money
tuktukktotam 2 years ago
Which ones have PE of less than 1? I want to buy it.
panther9mm 2 years ago
Peter, you're making WAY TOO MUCH SENSE.
kensho3 2 years ago
I imagine that a Frank Lloyd Wright home may have appreciated in structure and not in land value. This is splitting hairs, but may be worth considering as an exception.
About speculation and investment: I believe that most economists have made a split between consumption and investment/savings, but since consumption is rooted in declining usefulness and is not completed at the moment of purchase, there must be at LEAST one other option: speculation.
You don't need such a large house, Peter.
qwertypipe 2 years ago
that is the definition of splitting hairs...
what about a house made of solid gold?
should he have mentioned that as well?
portlandore 2 years ago
This has been flagged as spam show
Never say never.
qwertypipe 2 years ago
One thing Peter forgot that's bad is that ether your money is tied up in your home and therefore not earning interest, or your finance it and pay 3x the price for it. I know people who have refinanced every 10 years and have never paid more than a couple thousand into their principle! The first 10 years of your mortgage is nearly ALL interest.
christo930 2 years ago
Thanks Peter, but I knew and agreed what you meant on the previous vid.
But I think this video was a good idea nonetheless.
Have a great day.
McRocket 2 years ago
Peter, just bail your landlord out and buy that house out...NOT as an investment...but as a place to LIVE. You have your investments in the world markets. Just buy and forget about this house...you need to move on. It's too much of a burden on your mind at this point. You have more important things to worry about.
zeryphex 2 years ago
Finally someone says what I've been saying for years to the block-headed home ownership crowd. Renting is not throwing your money away and in probably 2/3s of the cases, people who own homes would be far better off financially if they rented. Nevermind when you lose your job, you are out of your rented home or apartment in 30 or 60 days scot free and arent sweating over depreciation on a $400,000 note.
UDPride 2 years ago
hey thanks peter, appreciate your insight!
aaronready1 2 years ago
Not sure I agree that buying a house to live in is not an investment. Sure, you won't make any money out of it, but once you've paid for it you will never have to pay a cent in mortgage or rent ever again no matter what happens to the real estate market or wider economy. This can be very important when you're old and no longer earning wages. You could rent cheaper and put the money saved into various financial instruments, but those are not linked to the cost of housing which you always need.
conradvink 2 years ago
A house is not a money maker. Hence it's not a investment. Just like you buy a car it's not an investment, it doesn't create money for you. You car loses value the more you use it. You still have to pay insurance, and property taxes when you buy a house, plus the house needs to be maintained. A house doesn't make money for you especially if you just live in it. An investment is something that you gain from, and actually get a positive cash flow.
PontiffMystic 2 years ago
I just think it's quite narrow to define "investment" as only things that provide you with cashflow. Buying a house (at the right time, not now!) can be a way of putting aside income now so you can consume it in old age (by not having to pay rent when you are old), same as putting away money in savings or a pension to consume when you are old.
conradvink 2 years ago
It's not an investment, it's speculation. Speculation involves risk in trying to make a profit. The housing bust was a result of rampant speculation. Buying a house at the right time doesn't guarantee it will retain it's value, much less appreciate in value. Again there is many market forces that are out of your control to make your house value more. Even a neighbor can paint his house poke dotted with purple color, and green, that will depreciate your house.
PontiffMystic 2 years ago
You're not listening... I'm not saying that buying a house is a good way to make money. Anyone who bought in the last few years has proven that. I'm saying that you are always going to need somewhere to live, and if you don't own somewhere you are going to have to rent it using money you made elsewhere. Can you guarantee that your financial investments will keep pace with the real estate market? That matters when you're old and need security. In that sense buying is deferred consumption.
conradvink 2 years ago
I have to disagree. What is the return on investment for renting for 20 years verses paying off a mortgage over 20 years. ROI on rent is -100%, ROI on a home may be positive or negative, but certainly much better than -100% in the vast majority of cases.
4McClain 2 years ago
You mean "versus."
Your premise only exists when somebody is stupid enough to rent the same property for 20 years. Think logically, why don't you?
gwohlproductions 2 years ago
Rent 1 place for 20 years or 10 different places for 20 years makes no difference. You cannot recoup a dime of that rent.
4McClain 2 years ago
4McClain - ROI is investment gain less cost divided by cost. You also need to adjust for inflation to produce a "real" return. If your house is worth $300K today and inflation has averaged 5% over the last 20 years, your house in real terms is $113K (300 / (1.05^20)). Probably not much more than you paid. Also, you probably have remodeled almost every room over the past 20 years, painted the house 4x, etc. You likely lost money on that house. Good luck.
badonkadonk34 2 years ago
Are you saying that renting is a better option? Inflation is actually closer to 3% over the past 20 years, Either way though I would argue that mortgage interest eats into ROI more than maintenance. My own house has gone up about 15 percent in value in 6 years which is not so good, but I have put in about 5% into it in maintenance. I agree with much of what Mr Schiff has to say, but this point I do not..
4McClain 2 years ago
Renting as a investment is far more likely to peform better. Use a spreadsheet. Map out your cash flows. In your terminal value, don't forget to include brokers fees and whatever inflation rate you deem correct. I believe your IRR will be negative. Over the long haul it may be slightly negative or slightly positive, but you own your house, you don't have to deal with a land lord and you are comfortable. That's the real value. Buy cash flows for an investment, not a house. take care.
badonkadonk34 2 years ago
Rent can become more viable, but only if I either pay less in rent than I would in a mortgage, taxes and maintenance and I invest the difference to offset the loss of equity I would build in owning a home. Also if interest rates go up renting can become more attractive. If the neighborhood goes to crap, I loose more in owning. Also when a home is paid off the payment can be invested in stocks, bonds, etc. Not the case though with rent. I see your point, but don't think it is so black and white.
4McClain 2 years ago
Let's take a step back. If you can pay less all in owning a home than renting, you would do that all day, but that trade does not exist. Why not buy a bunch of home and rent them? I think you should own a home if the payment makes sense and you like the perks. There are benefits to owning a home, but it almost always does not make sense as an investment. You are looking to buy, hold, and pay down the mortgage. Not cash out with a HELOC. That is the right approach. Good luck.
badonkadonk34 2 years ago
badonkadonk34:
Let me clarify. I agree with most of what you said. I have all those benefits of owning a home. It is a matter of preference. The difference between renting and owning though from a financial standpoint is that when renting you do not build up any equity. With owning when finished paying the bank you then have an asset that can be converted to cash. On top of that you can invest the money you were paying the bank to pay yourself and gain a return on investment. (cont)
4McClain 2 years ago
Like wise, when renting at no point in time do you have an asset that can be converted to cash. Also since you never own an apartment your housing payment never ends (unless you sublet), so you can never redirect that money to other endevers. Does that make sense? Compared to other investments owning home is not good, but compared to renting I believe it is good. I would be interested to see what the future cash flow derived from renting you speak of would be.
4McClain 2 years ago
Gold is not an investment it is a currency.
pirucreek 2 years ago
No it's not, gold is money that is oftentimes represented by a currency. A currency has artificial value as a note that represents real money with real value (gold) because it is more transportable.
rlclark50 2 years ago
do you buy your neighbors garbage hoping it is going to appreciate ,when in reality it has no value ? No ? Then why you are buying stocks ? It is the same thing .
tuktukktotam 2 years ago
Fundamentally I tend to agree with you TUK, but I buy and sell stock based on general perceptions of the underlying. It is more or less chartable, and I can assure you that many people make a living at it. People that aren't in the market daily, and heck, people in general, don't have a clue how the action really works. Fundamentals may tell you what, but it never tells you when. And that's if you've got your fundamentals right in the first place! I wouldn't change the stock market for anything.
TraderSteveR 2 years ago
He is a very angry teenager with a very disturbing reading comprehension issue. I don't see how cussing your debater out will help you win an argument.
0oHIZAKIo0 2 years ago
So the "debtors" on the other end of the isle are allowed to insult me but I'm not? Hypocrite much?
zetsway5000 2 years ago
Lol, I call idiots idiots. Does that make my opinion any less valid? I think you've wasted enough of my time.
zetsway5000 2 years ago
Zionists like to call idiots anyone who disagree.
tommy6238 2 years ago
Cussing out your debaters doesn't make you sound any more intelligent. Take a chill pill.
Blackjack555 2 years ago
I've already discredited the idiots you call my "debtors", now its just an insult match which they themselves turned it into. Maybe you should read the debate before you plow into an argument like some internet white knight that thinks he knows what hes talking about.
zetsway5000 2 years ago
Again, you don't even know what a libertarian is.
zetsway5000 2 years ago
This comment has received too many negative votes show
Obviously only zionists know true definition of libertarianism.
tommy6238 2 years ago
Your quote says Exactly what I said you said you idiot. Please quote me where I was defending government you straw man peddling pseudo libertarian.
zetsway5000 2 years ago
You said that you doubted that they hijacked the plane, and said the truther theory sounds more credible then the official story. that makes you a truther. Its not that hard to enter the US, or didn't you catch the millions of illegals entering our country? You need to develop some critical thinking skills.
zetsway5000 2 years ago
Everyone has some doubts about everything, but to think that our government did 911 without sound evidence is idiotic. We went to iraq for a lot of reasons, Our installed dictator Saddam was acting up, we wanted control of their oil, etc.
zetsway5000 2 years ago
wow, i see a lot of people passionate about real estate. Everything in this video makes sense. It's one point of view. Real estate is a function of rents like he says. That means you didn't buy it to sell it so it doesn't matter anyway!!! That is unless you leveraged a bunch of your own cash into it. If that's the case then you were buying a house like Peter said. Makes sense to me
66chevyo 2 years ago
You don't even know what a libertarian is, and any person with half a brain would never take the opinion of a truther seriously.
zetsway5000 2 years ago
What are you talking about? I've already read and understood your comments. You're nothing but an uneducated 911 truther loon.
zetsway5000 2 years ago
Pete you totally right !! when you by one house is not only the nominal price.we have:Taxes,maintenance,landscape ,interest e E.T.C. Even if the price go up you just pay for this extras depends on the property this numbers can by very hi.
andre81946 2 years ago
Each one of your posts is a straw man argument. I never said if you doubt the official story you're a "conspiracy douchebag". You're a "conspiracy douchebag" when you believe everything you hear from people like Alex Jones without solid evidence, but then again you wouldn't recognize real evidence if it bit you in the face.
zetsway5000 2 years ago
There are enormous amounts of dollars chasing fewer goods and services US real GDP is not 14 trillion but maybe a trillion at the best Then how do u explain people buying company that makes 10000 a year for 10 million bucks ? it is totally insane .you call that investment ?
If anyone calls this investment they need to be either in jail or psychiatric institution
tuktukktotam 2 years ago
Well spoken.
anarchylogic 2 years ago
lol
zetsway5000 2 years ago
Good job Peter!
overlordsshadow 2 years ago 2
Nice video Peter. Sums things up nicely. If only it were so easy to get rich.
Huepow 2 years ago
zetsway5000
Most people agree 100% with you about Alex Jones, including me. Good post.
buffett1000 2 years ago
Thanks for the real estate primer Peter!
Ericson578 2 years ago
Peter, I'm concerned....., uh.......If you keep Bringing Fact & Common Sense.....uh...."They'll " be.......mmmmm,
SHUTTING YA DOWN . Ya know "opening the Net " so the "Less fortunate can Compete" Been a Pleasure Subscribing , and Thank You.
gofucoffee 2 years ago
Anyone care to comment?
Gold prices have been suppressed for a long time. The latest and possibly last suppression may come this Friday USA time.
The U.S. governments Treasury debt auctions will sell the greatest amount of debt ever sold in one week. The net debt increase of $153 billion is so high it will exceed the current authorized federal debt limit. Flooding the financial markets with so much debt is a sign of weakness for the U.S. dollar. Dollar goes down, gold goes up.
Valid?
julianchosun 2 years ago
dollarcrisis, take your conspiracies elsewhere
bs2137 2 years ago
What do you mean by "conspiracies"? Please help me understand what was wrong with the post by Dollarcrisis (please stick to what Dollar wrote). I appreciate your response. Thanks.
jawneblaize 2 years ago
9/11 conspiracy
bs2137 2 years ago
Why are city lots so much more expensive than farmland? Farms produce income, yards cost money for maintenance. If you buy a car and take good care of it, it should last forever. The American dream is free land they stole from the Indians. If a dog can bark as loud and often as he wants, is that Free Speech?
Looter92 2 years ago
If you live in a trailer park then you would know land produces income. The travel expense for living on a farm is a lot greater than in the city. That has to be equated some how, but there is a trade in the smell of pig $hit to homeless people.
panther9mm 2 years ago
sorry peter, first rule of investing is to own a property no further then one hour away..if you purchase a property outside the country, the cost of a property manager will eat up any potential positive cash flow then would have been generated.
9secondsflat 2 years ago
That's not true, property managers can take 8-10% of gross rent.
panther9mm 2 years ago
So you think that it was an inside job. To say that the hijackers couldn't get on the plane and do what they did is being in denial. You're just like Alex Jones, a loon.
zetsway5000 2 years ago
There's little doubt to any half-wit who does his/her OWN research (please don't believe anyone else) and seeks credible sources (they're out there, not necessarily just AJones) can easily discover that 9/11 was an inside job. Hundreds of engineers et all, from foreign countries as well, have investigated independently and found CLEARLY that the "official story" just doesn't jive. We're AMERICANS and we all need to just show up in Washington and clean up OUR government.
kansasisaband 2 years ago
I have done my own research. I love people like you that haven't and claim 911 was an inside job. For someone telling someone to do their own research maybe you should do your own? Oh wait its because Pseudo libertarians aka 911 truthers dont know how to do their own research, so they just regurgitate the same stupid talking points. The official story has a few gaps in it but its pretty consistent. Get an education.
zetsway5000 2 years ago
Comment removed
asphyxiafeeling 2 years ago
I think DC is saying it's ludicrous to think a few people with box cutters can hijack an airplane. I don't think he brings up a bad point. Wouldn't you have the balls to stand up to a box cutter if the alternative is a hijack?
I am not a conspiracy theorist and I don't claim to know what happened on 9/11. But to automatically reject the idea of an inside job is just as lunatic as rejecting the idea of it simply being a terrorist attack.
Finally, AJ is awesome. He is waking people up.
0oHIZAKIo0 2 years ago
To automatically assume that it was an inside job without any evidence is a symptom of mental illness which the vast majority of truthers have.
Reject the idea? You mean the possibility? There is always a possibility of something, but to claim that those possibilities are fact without hard evidence is the work of a lunatic and or an idiot. I wish I read your last statement before I started typing this message, then I would have known that you're a waste of time.
zetsway5000 2 years ago
Wow, I am suprised your head fit in this comment section. Get over yourself bud.
As I said, I don't know what happened on 9/11 and have not researched it enough to make a decision.
AJ has a style not many like or appreciate. I don't blindly follow everything he says, but in the miriad of things he makes valid points and encourages people to think and research for themsleves. That is what I do. I read, research, think and make conclusions. I don't see what's wrong with that.
0oHIZAKIo0 2 years ago
Alex Jones almost never makes valid points. Hes nothing but a fat con man. Alex Jones encouraging people to think for themselves? ahahahahahahhahahah!!!!!! Oh wow, thats why he calls everyone that disagrees with him on 911 a sheep, asleep, government agent, illuminatist, mason, etc. right? You haven't researched a god damn thing in your life outside of school.
zetsway5000 2 years ago
Well you sure are making your voice heard and getting your point across with your clever (not) insults. Your self-righteousness is transparent and annoying.
The thing is AJ makes good points and so do others I have been listening to in Schiff, Rogers, Faber, Celente, Chapman, etc. They all have different messages and you can figure out on your own what to believe after you hear them.
AJ must have caused great heartache to you that you have to attack someone who talks positively about him.