The Russian economist Nikolai Kondratiev explained his Long Wave theory to Joseph Stalin to tell him what was going to happen to Russia... Stalin quickly had him killed in 1938 !!
Mostly increasing costs if you buy: Principle, Interest, Taxes, Insurance, HOA Fees, Water, Sewer, Gas, Electric, Repairs.... Benefits: mortgage interest deduction, nicer bricks & mortar, and the pleasure you will get as you see it get older and slowly worn, gently decaying plumbing, appliances, fixtures, ... Also the all around pleasure of real estate commissions, showings, and selling it down the road, maybe even the pleasure of scuba diving, like when your mortgage goes under water.
Most seem to miss that real estate values correlate to the availability and ease of obtaining financing. Values reached their peak when no documentation loans were available to nearly everyone. Recall the "No VOE/VOD" loans (verification of employment/verification of deposits,) and yes they made many thousands of these loans, to people who had no money and had no job! You can largely thank Dodd & Frank for this in my opinion. Well, these loans are not coming back, you can guess the rest.
As the baby boomers start to die off in large numbers there will be lots of assets (houses, cars, furniture & appliances, etc.) available at very low prices. The first boomers were born in 1946, and the average life expectancy for Americans is 78 years, so the important year is 2024. That's when real estate prices will start to fall even more dramatically than they already have. The down swing will last at least 20 years. There will be too many homes and not enough people to buy them all.
Ron Paul purposely didn't campaign in Florida, that is why he did so bad. Florida is a winner take all primary and he didn't want to waste his campaign resources on a state where he was a big underdog going into. Don't count him out just yet, his big states are coming.
SPROTT mentioned this: "Endeavor Silver, only sold 1/3 of their output in the December quarter because they thought the price was being depressed. They decided to wait and sell it at a different time.". Interesting.
Nuclear Winter sounds scary! ooooooooooooooooooohhhhhhh, keep up the great work, oh went out and shot up a sign with my sks, it a cheap China one, the mag doesnt line up quite right, but once you get it going it works great...Going to get rid of it, 1911 Springfield is next,,,,
Author of Bailout Nation, Barry Ritholtz, was on The Daily Ticker yesterday and he says that we have NOT seen the bottom of housing yet. He and the host say that after bubbles burst, prices come down BELOW historical fair values. We're close to fair value, but if that theory holds up, who knows how much lower prices will go.
Plus, in my opinion, when austerity finally hits this country on a Federal level (states are already cutting spending), housing will see another ugly downswing.
this is a generational change as big as any other in the history of this country and perhaps the world as the dollar is the global reserve currency
I'm 26 and i'm expecting a nuclear winter and a drastic change in what we percieve and know this country to be. I may see the end of it if I live long enough but by then, this country will be little more than a historical footnote
when buying shares, do you recommend just buying them and then forgetting about them for 5 years because i hear their gonna increase 30 fold at least?
I was hoping I could get some input from some people here. I recently inherited some money. I would like to purchase a condo/townhouse I could put 25% down but that would be about it. Curious if I should just rent for the next year plus or do it? I live in Ontario Canada
@Nemesis7811 Im short housing.. Well I dont own a house. I dont plan to buy until i see the trend change directions. I also believe that could be 10 to 15 years. Why buy a house now when it will be on sell later.
@Nemesis7811 Hello, fellow canadian here....I would rent for now...Ontario has more debt per capita than California....sit on your money and wait....Canada's housing bubble hasn't popped yet. good luck :)
The Canadian real estate market is at all time high. Properties are selling for 10 times income in places like Vancouver. IMO, the market is reminiscent of the USA circa 2007.
Totally toxic. You are better off starting your own business or investing in land or housing in the USA, where it is clearly a bargain.
In order to be the top dominant and maintain that position you can not have any friends you're not willing to stab in the face or back. That's life being a trillionaire.
What usually happens with the Corzines is their loyal goons grow old, die, they're left worthless as any great means of enforcement of grand thievery. Eventually he'll be a relic then they'll arsenic kill him before his feeling so worthless spurs him to write memoirs.
People don't do influential things without permission without getting killed. If Corzine wasn't under orders from the Emperor he'd have been skewered stealing so big without permission.
These people don't just get greedy then do billion dollar crime for fun, they do it as part of a strategy to ruin people, especially adversaries whose influence is waxing. There's 1 man at the top of this mess. As best I can tell it's the head of the Rothschild banking Empire, Evelyn Rothschild. Probably Corzine doesn't even know who was the target of his billion dollar crime. All he knows is he was ordered by the top ding aling to do the crime.
It's not that Corzine is so dear to Rothschild's heart, it's because Corzine was just following orders, the crimes he committed he didn't originate. So, for now Corzine is being kept quiet about who ordered the collapse at MF Global, which is OBVIOUSLY the head of the Rothschild Global Financial Empire, which owns every central bank in every nation on Earth.
Real estate is risky, I have family in Florida who have owned property for decades. They've been trying to sell for many years now more than 4 yrs and no one is buying. They have problems with the renters paying the rent. What they said is that these people have been renting for a long time & when they can't pay full rent they pay what they can. Other option is some new renter may pay nothing! Here in Ontario, Canada the housing market is not doing good way overpriced, bubble will pop soon.
@bullorbearreport You're welcome & thank-you too you sir for making such informative vids. Another heads up, I was told by a retired NYC cop that many are becoming underground preppers who've been buying up land, ammo, gold & silver...etc but aren't telling too many people. Some have moved out of the city's to small areas & bought up land. Ammo is top 5 on list...no word of a lie. I was told what to expect will make the french revolution look like a picnic. Its no joke!
@D33Lux I agree. Many people are not talking about it but are very afraid of the consequences of our countries decisions.... Thank you for that info.
Hya Karl. Love ya bud. Have a good day. Thanks for caring, as always. Any chance you could speculate on what will happen to foriegn currencys (aussie?) if the USD crashes? I really cant work it out and no-one is talkin bout it...
I dont understand "Real Estate will never recover". Real Estate was over valued in the first place, this is why its going done. It called a bubble. What real estate is doing now IS recovering, and finding fair value. Its going to go much lower yes, but that is the recovery. Its similar to the recovery that Gold and Silver is doing to the upside.
@gotlibertygirl29 have you ever heard of hyerinflation while wage incomes crash and you can't pay for food or your mortgage while unemployment is at 35%+. It's security you want to have for the next 20 years.... Leverage will be the noose that hangs people.
@bullorbearreport If they don't have enough gold or silver to pay their taxes, they are going to lose the house anyway. This is the master plan of the elite. Of course if people have disposable income and they want to pay off their house, that is their choice. But even at this point, they are still better off buying an ounce of gold than making an extra mortgage payment.
@UVpirate there are no produce cops. Here in WA lots of people grow their own food in their backyard. Organic vegetables free of pesticides, 1000x better than the stuff you pay for in groceries.
You are the ONLY PERSON besides me who thinks real estate is still going down. Right on! How the hell can any property go up in this economy? Please, give me a break. Great advice to your views.
@omachinancy property can go up, if the economy picks up pace, and employment & income grows. I know right now those things seem almost impossible, but it's never a bad idea to take a contrarian view. If everyone in teh market isn't buying houses, that means houses are way over-sold.
@626718 I like buying income producing properties also. I own a few. Just make sure you have 60-75% deposit to put down or better yet buy with 100% cash. Then I'm all for it.
thats a great point carl -if the money gets devalued -it will not multiply in your pocket and the buying power will drop and the man's still want to get paid -i never thought about that -now i do
I have about 60% equity in my house..I was saving it for retirement...I want to take out a loan for as much as I can..bring the total back up to book on the loan..and bury some gold for after the market implodes...sounds crazy but I think its a good idea :)
I can't say that I am a supporter of Ron Paul, while he has some right ideas. His other ideas are just as destructive and ignorant. He doesn't even believe in Evolution. That tells me two things:
either 1) he is deeply dishonest and is trying to catering to an extremist republican crowd
@626718 He is a man of science and never mentions evolution. I wouldn't call him ignorant, just a very ineffective leader who I believe deep down he doesn't even want to be President.
I am somewhat critical of him as a candidate, but I will defend any candidate against false information or rumors, whether its Paul, Romney, or Obama.
@takerdust he kinda did, there is a video of him in a town hall meeting where someone asking him about evolution being a theory. Ron Paul's answer was that it was just at heory, and his answer strongly hinted at creationism. A man of science? Give me a break!
btw, the video is on youtube, go check it out yourself. I am not making stuff up.
I have a condo, is not an ideal place and too small for my family. It's for 24 years left on a 30 year fixed mortgage. Pay that off??? Nah! When I can break even on it, I am gonna sell sell sell buy into this down market with the earning on my silver. Get out of your high mortgage, dump it all, clear your books and take advantage of the cheep buys. Ideally, I want to buy some farmland near a lake. I'll have my own food and water.
@Trapster99 farmland are nearly historical high prices. You really think it's a good time to buy? Do you need actual farm land to grow your own food? Why can't you grow them at your own backyard? how much food does your family need?
@626718 yes all you need is a 1/4 acre or slightly more for personal consumption. Of course if you want chickens or ducks you will need more space... There are other great channels like growingyourgreens by John Coller that talk all about gardening. Great info.
@626718 A few years ago when gold was selling above $800 an ounce, it was above its, unadjusted for inflation, "Historical High Price". $800 for gold now would be a bargain. The S will Hit The Fan, the only question that remains now is when and how will it manifest.
I live in Connecticut and do have a backyard garden. The best thing that it grows is rocks. LOL. When the SHTF, when we do get into a KONDROITIVE WINTER, then physical things, like produce, will have value.
RE prices in some areas have not fully corrected yet. Cali and NY are prime examples... they have at least have another -30-40% to go. Could take a few more years.
ya I hear ya it seems my rental the sewer and water went up because obviously they are hurting. as far Maddoff/Corzine eczactly that's what I think. This whole thing is a scam beyond belief. RP came in last well dam looks like I aint voting. Good vid as always
@mookixox I ended up never buuying that garbage... Instead I bought a new Sig Sauer P556 Swat Pistol instead.... I got way more enjoyment out of that :-)
If I were you guys, I woud be studying real estate as we speak. Its going to be a huge opportunity for cash flow income and tax advantages. Natural Gas is also another great play. Be smart guys.....
@charlesfuchs Some real estate in your diversified portfolio of assets is always a benefit. But to think that it will make you a killing is very wrong. The next 20 years will be nothing like the previous 20 years... It will be a new reality that American's are unprepared for. And anyone caught with too much leverage or mortgages will be wiped out..... Extreme caution is warranted in Real Estate at this time....
@charlesfuchs i am still on the sidelines regarding natural gas, its looking much more attractive than it used to be. But, I am still cautious to get in on it.
Real estate is attractive right now, while it might not be a good time to speculate on houses, it is not a bad idea to get some rental property. You might get a 5-6% sure return on it every year. Treat them as a dividend paying stock.
Peter Schiff says there's a good chance rents will go lower. This is because so many investors are buying up foreclosures in large quantities to RENT OUT. I'm in Calif & I expect home values to decline as much as 50% more. You would be crazy to strive to pay off your mortgage in this economy. It's best to put your cash into hard assets (gold) that are in a bull trend.. Do what China's doing...they're not dummies! Pay off your mtg & you will be sorry. Love your videos. Keep stacking.
@alycephoto yeah, except the thing with real estate is that location really matters. We can't paint the entire rental market with a broad brush. IF you have rental property in desirable places (near schools, hospitals, roads, businesses, etc...) you will have a good rental rate, regardless more rental houses on are coming on the market. In my own experience as a landlord, the most important thing is the location, not the price.
@626718 of course, location is everything. Here in SoCal, there are lots of homes for rent. These were previously foreclosures. People are not buying these foreclosures to live in...they are bought by investors who only want rentals. On one street nearby me, out of 10 homes, there are 4 signs out FOR RENT..unheard of in the past. I believe they will compete, bringing lower rent prices. I say, stay out of real estate as Chapman says, "don't touch Real Estate with a 10' pole"
As for real estate, I think you are looking at it from a "Primary Residents" situation. If you are a buy and hold real estate investor, you can make a killing if you have the money. You yourself are telling people not to purchase a home. Well, they have to live somewhere so they have to rent.
Karl, I disagree. In some areas RE prices are so out of whack it ridicolous, it cost 4X more to rent then to own, which equals easy cash flow. Much better then any dividend stock, Im scooping them up one by one.
@TheEarthGerm Again like I said that is geographic specific. In NY Real Estate is still overpriced. But in Nevada or parts of California Real Estate has been devastated. The problem is when the economy goes into Nuclear Winter will the rents hold up or will there be fierce price competition to lower rents?
@bullorbearreport Here in Vegas finding quality tenants is almost impossible. Many here are transient, unemployment is about 20% here, and Blackjack dealers just don't earn that much. House prices are plunging and rents are still low as good tenants are just not there. Double whammy.
Ron Paul purposely did not spend any time in Florida but yea that was a really bad number regardless. I'm not throwing in the towel on him yet though. It's still early. They are doing what ever to kick the guys legs out from under him. It's too bad shady propaganda tricks still work.
@patrick258181 Any differences between the Democrats and Republicans are superficial and inconsequential, at most. The political punditry are well-paid pawns in this game of division and strife. This is why NOTHING ever changes. Government continues to get larger, and more powerful, and more intrusive, no matter WHO is "in charge".
Sadly, the majority of people run to their "lib" or "con" corners and throw mud and stones at the "other side", never realizing that they are being played as fools.
@mattandpatti222 Yea I concluded a long time ago it's all fixed. Both sides are the same they just make an illusion that there is a difference. They make debates on small personal issues. That seem big to peoples personal lives but really mean nothing on the big picture. Which the big picture they have the same agenda they work together to keep their friends and themselves rich and in power. I just keep hoping there is a seed of integrity left. Kinda more of a dream.
@ifyouseakaimee I agree that prices "Should" go higher for everything. That's why I'm 100% invested in metals, equities & real estate.. But at the first sign of a trend break I'm taking profits... Good luck.
.... since we live in North America (i'm in Toronto, Canada) we are already at the top of the hierarchy on a global scale; considering how paltry the pay is in every third or developing nation that produces our goods for 2 dollars a day. We can't expect the system to change when we won't consider the moral implications of our socially acceptable forms of exploitation. Call it an investment... I think at the end of the day someone wins and someone loses. You can't have wealth without poverty!
@BElliottP I am a single male living in a house that is worth less than 30 thousand dollars here in Coal Country, Pennsylvania. 3 bedrooms, rooms I don't even use. Plop this house down in India, it would house probably 20 people.
... around $4000 per month in rental income for the landlords. I doubt their mortgage is more than $3000. So they are making a killing. Now, I think about the number of hours that all individuals work in order to pay rent in this house. If you assume rent costs about 30% of your income you are basically working 30% of your life to put 66 cents on every dollar into the pockets of you landlord. So, I believe our system is based on where you place yourself in this hierarchy of slavery...
Now, instead, you rent out a portion of your home for 100% of your mortgage payment. You have now managed to reduce your costs to all other expenses incurred. That's a great investment. But my argument is that although it's socially acceptable to be a landlord is it ethical. Since a certain portion of my rent stays in the pocket of my landlords (say 66%, and I really have no idea what the numbers are, but i assume it's lucrative) they are making a killing. I live in a house that generates..
Imagine if your home is worth 200 000 and over the course of say 10 years you pay it off. Say it costs you 300 000 with interest and all other property expenses incurred. Assuming that the house never increased in value, at the end of the day, for every dollar spent 0.66 dollars goes into your pocket. That would be considered a bad investment but still better than renting where absolutely no money goes into your own pocket.
I suppose owning a home and renting out a portion or the entire thing is the easiest way for individuals to exploit other individuals. I know home owners argue that they are providing a service within a market but is it really fair that you derive more than half of your mortgage from someone living in your basement (not your case but many landlords). What portion of you mortgage payment goes towards the actual equity in your home? I think it's another form socially acceptable economic slavery
Prostitution is entertainment right? I wonder when those kind of companies will be traded on the Dow. I bet it would be a more fruitful return on investment than 20th century fox.
If we are lucky in our savings and investments we'll be lucky just to keep up with the inflation that will come from the Fed's sneaky little tricks. I sure hope the "Nuclear Winter" is a couple years away but when your nation is 100-200 trillion underwater... I don't see this fake reality last too much longer.
If Real Estate is going down,why hang on to it.If you have to hang onto it because you owe more than what its worth now, thats a sad situation & the only way out is to at least pay enough off so that you get some of the money when you sell.But honestly that could only be done in a short term situation, say 1 yr maybe 2 max, because the price of your house is in the meantime still going down. City & suburbs, imo, will not be nice places to live.
Thanks Karl. You have a keen grip on whats going down. Laying it out for the people.
Mathematically impossible to recover. Let me interject that along with food, water metals etc add medical supplies. In the event of a disaster you want to be as self sufficient as possible. Emergency personel are not as prepared nor equipped for a disaster as one would think. If 3000 people are rushing to get help what might your chances be to get aid. Be prepared across the board.
you are absolutely correct! I talk to bankers/real estate mavens who DO NOT understand fiat currency and how disastrous it is to their particular market! TANGIBLES are the way!
You know if you really had faith in whats coming,you would sell your house,but only if you are going to get more than what you owe the bank, then with what you have left invest in silver
& gold, & rent while you watch your money grow. Then just before "they" make the world a cashless society, you sell most of your S & G & buy yourself a property free-hold away from the cities & learn to become self-sufficient. Thats my plan & its the World Elites NIGHTMARE
You make a lot of sense. I just started watching your videos, but what do you think about food storage, in terms of stocking up on foods that are good for 10-30 years? What do you think the odds are of major supply disruptions, and when? Thanks for any general thoughts. I know timing is impossible but I also know it's better safe than sorry and a year early than a day late!
@dmger14 You know I have so many video's this info is lost in the archive.. I have to do a single titled video on this topic to recap. But personally I do have about 2-3 months of emergency food on hand and some water. Beyond that I think is a personal preference and I'd rather have a garden and some chickens... But again that depends on your preference, situation and area you live in. I will do a video just on this topic alone. Thanks and good luck.
Thanks! Either here or in the video, I would like to hear your thought on the LIKELIHOOD and possible timing of how bad things will get, even if it's in a wide window. BTW, I am 20 years in finance with a degree and CFA and best I can tell, we are DONE but for how and when it will play out. My guess is hyperinflation by 2015 and things may very well get bad to the point of violence/break ins being MUCH worse than now.
Yes, pay the house off if you can. People are led to believe that they need the "write-off " basically they banksters want you to pay a dollar and get $.30 cents back.
We are a nation of free wheelers. Spend, spend, spend, well it was a nice ride to the top but I think alot of people will be throwing up on the way down!
Gold and silver only drops when interest-rates goes up significantly or there is deflation. I don't believe there is another realistic way for gold to drop in dollars or Europe's.
If that happens I'm pretty much screwed anyway. I could sell my house and loose my investments in it from years ago or i could bet on a inflation-scenario.
The public have been brainwashed into thinking property will only go up as it has done for the last 40/50 odd years. I know people even now trying to borrow to buy a devaluing asset because they still firmly believe the price will bounce. Cheers Karl.
if the housing prices are never going to recover does it make sense to pay it off or walk out & live on rent ? owning a house is a liability unless it is partitioned to units & generates income from rent. then with the rent you pay off the mortgage & if there's any balance left pocket it.
@nayanmalig I think renting is definitely not a bad option also... You can keep your funds invested in Gold/Silver while you rent. It's all about income security and your personal preference. Again it all depends on your part of the country and local housing market.
@bullorbearreport exactly. there was a description about wealth creation in a Robert kiyosaki book.I got it from that. boy, does it work! but most importantly it completely opened my eyes on how to spot assets vs liabilities. some think that the houses they live in & the car they drive are assets. no. unless they generate income they are liabilities. but like you say each person's situation is unique & he has to plan it accordingly. you got to think of yourself as a brand & do a SWAT analysis.
GGN GAMCO global gold and natural resource closed ended fund. NAV of the fund tracks the commodity index. Also pays about a 10% dividend. In essence an asset protected security where you get paid 9-10% to hold.
Disagree with the mortgage, the deed is not yours until you buy the bond back plus you have to pay property tax and it will always be a liability. 30 reasons not to own, a must watch video
@hotsaucze1 Agreed. You will always have to pay property taxes like I mentioned in the video. But those are just one of the necessary evils to live in our modern day society. You either pay property taxes or rent. Your paying one way or the other.. Good luck.
12:54 LOL Okay, subscribed. Humor and information, a great blend.
MrLivePositive8 1 day ago
11:34 LOL
MrLivePositive8 1 day ago
@MarketDepth Thats great.
jiminiflix 4 weeks ago
i gone heavey :33 represent the fort baby
ht tp :// w w w. yout ube.co m /w atch?v= DoecWHi7Hqw
DuvallSilver 1 month ago
I am up 15% in VE. I am making money in equities and my PMs. I am 75% in Ag, 10% in Au, 10% equities, and 5% cash. lol
GOLDSILVERDUDE 1 month ago
no mortage for me.The rich rent.
jiminiflix 1 month ago
Nicely done. I read an article from Boom And Bust that explained the same principle although they refered to it as an economic winter.
MrColetr2 1 month ago
The entertainment sector is one of the few that prospered during the great depression.
dv2012 1 month ago
Instead of nuclear winter, could you call it Kontratiev Winter please.
Its in honor of the man who first wrote about the theory. He paid for his life as Stalin sent him to a gulag to be executed for no apparent reason.
orangedac 1 month ago
I just dipped my toe into a Natural Gas etf. Nat gas got down to almost 2 bucks. If it goes lower i will buy more and so on.
sopark434 1 month ago
The Russian economist Nikolai Kondratiev explained his Long Wave theory to Joseph Stalin to tell him what was going to happen to Russia... Stalin quickly had him killed in 1938 !!
frontier1701 1 month ago
Mostly increasing costs if you buy: Principle, Interest, Taxes, Insurance, HOA Fees, Water, Sewer, Gas, Electric, Repairs.... Benefits: mortgage interest deduction, nicer bricks & mortar, and the pleasure you will get as you see it get older and slowly worn, gently decaying plumbing, appliances, fixtures, ... Also the all around pleasure of real estate commissions, showings, and selling it down the road, maybe even the pleasure of scuba diving, like when your mortgage goes under water.
MrAntonLucas 1 month ago
Cash flow properties good...silver/gold does not produce income
ericlis33 1 month ago
Your an idiot, get out of stock paper and invest in REAL PHYSICAL SILVER!!!!
athatcher85 1 month ago
Most seem to miss that real estate values correlate to the availability and ease of obtaining financing. Values reached their peak when no documentation loans were available to nearly everyone. Recall the "No VOE/VOD" loans (verification of employment/verification of deposits,) and yes they made many thousands of these loans, to people who had no money and had no job! You can largely thank Dodd & Frank for this in my opinion. Well, these loans are not coming back, you can guess the rest.
MrAntonLucas 1 month ago
rock on ....
cosmicguerilla1 1 month ago
Tax revolt
clearasvodka 1 month ago
Wikipedia has a pretty good entry on the Kondratiev wave. They supposedly last 40-60 years.
Question: Wouldn't it be better to pay off a mortgage with future (devalued) dollars than with current day dollars?
Chris153758 1 month ago
As the baby boomers start to die off in large numbers there will be lots of assets (houses, cars, furniture & appliances, etc.) available at very low prices. The first boomers were born in 1946, and the average life expectancy for Americans is 78 years, so the important year is 2024. That's when real estate prices will start to fall even more dramatically than they already have. The down swing will last at least 20 years. There will be too many homes and not enough people to buy them all.
Chris153758 1 month ago
Ron Paul purposely didn't campaign in Florida, that is why he did so bad. Florida is a winner take all primary and he didn't want to waste his campaign resources on a state where he was a big underdog going into. Don't count him out just yet, his big states are coming.
DreadeddLion 1 month ago
hard assets.. are better the fiat ones :).. oh guns and seeds 2 :P
88roro11 1 month ago
righteous rant bro
Motoicon 1 month ago
your 401K is gone... you heard it here first !
quadcatfly 1 month ago
Scary as hell...but great info.
shatterstar002 1 month ago
Take a look Karl at Pretium Resources on the NYSE symbol PVG
Stokjockey 1 month ago
I'm pretty sure the correct way to spell, "LOL," is "401k."
Weldopedia 1 month ago
SPROTT mentioned this: "Endeavor Silver, only sold 1/3 of their output in the December quarter because they thought the price was being depressed. They decided to wait and sell it at a different time.". Interesting.
deanmat 1 month ago
I agree with your assessment. You only need to look to Japan to see what is happening here. Zero percent interest for almost 20 years.
AllYouCanEatBaby1 1 month ago in playlist Uploaded videos
Nuclear Winter sounds scary! ooooooooooooooooooohhhhhhh, keep up the great work, oh went out and shot up a sign with my sks, it a cheap China one, the mag doesnt line up quite right, but once you get it going it works great...Going to get rid of it, 1911 Springfield is next,,,,
desertgreek 1 month ago
lets raise license fees
desertgreek 1 month ago
Author of Bailout Nation, Barry Ritholtz, was on The Daily Ticker yesterday and he says that we have NOT seen the bottom of housing yet. He and the host say that after bubbles burst, prices come down BELOW historical fair values. We're close to fair value, but if that theory holds up, who knows how much lower prices will go.
Plus, in my opinion, when austerity finally hits this country on a Federal level (states are already cutting spending), housing will see another ugly downswing.
mrpilgrim65 1 month ago
does anyone know what the disco star is SE low on the ho?
caessarion 1 month ago
Good stuff mate, thanks
octapotamus 1 month ago
this is a generational change as big as any other in the history of this country and perhaps the world as the dollar is the global reserve currency
I'm 26 and i'm expecting a nuclear winter and a drastic change in what we percieve and know this country to be. I may see the end of it if I live long enough but by then, this country will be little more than a historical footnote
1x93cm 1 month ago
dude you tell it like is. Awesome straight dope.
apox2011now 1 month ago 2
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ifyouseakaimee 1 month ago
@ifyouseakaimee
You could be right, but a key indicator is the huge amount of accumulation by the creditor nations' central banks.
RndmMexican 1 month ago
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ifyouseakaimee 1 month ago
when buying shares, do you recommend just buying them and then forgetting about them for 5 years because i hear their gonna increase 30 fold at least?
Atemaatra 1 month ago
I was hoping I could get some input from some people here. I recently inherited some money. I would like to purchase a condo/townhouse I could put 25% down but that would be about it. Curious if I should just rent for the next year plus or do it? I live in Ontario Canada
Nemesis7811 1 month ago
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ifyouseakaimee 1 month ago
@Nemesis7811 Renting is always a good option to buy some time... Good luck.
bullorbearreport 1 month ago
@Nemesis7811 Im short housing.. Well I dont own a house. I dont plan to buy until i see the trend change directions. I also believe that could be 10 to 15 years. Why buy a house now when it will be on sell later.
sopark434 1 month ago
@Nemesis7811 Hello, fellow canadian here....I would rent for now...Ontario has more debt per capita than California....sit on your money and wait....Canada's housing bubble hasn't popped yet. good luck :)
73cupcake 3 weeks ago
@Nemesis7811 go to greaterfool dot ca
The Canadian real estate market is at all time high. Properties are selling for 10 times income in places like Vancouver. IMO, the market is reminiscent of the USA circa 2007.
Totally toxic. You are better off starting your own business or investing in land or housing in the USA, where it is clearly a bargain.
zeusvalentine 2 weeks ago
In order to be the top dominant and maintain that position you can not have any friends you're not willing to stab in the face or back. That's life being a trillionaire.
danielvincentkelley 1 month ago
What usually happens with the Corzines is their loyal goons grow old, die, they're left worthless as any great means of enforcement of grand thievery. Eventually he'll be a relic then they'll arsenic kill him before his feeling so worthless spurs him to write memoirs.
danielvincentkelley 1 month ago
People don't do influential things without permission without getting killed. If Corzine wasn't under orders from the Emperor he'd have been skewered stealing so big without permission.
danielvincentkelley 1 month ago
These people don't just get greedy then do billion dollar crime for fun, they do it as part of a strategy to ruin people, especially adversaries whose influence is waxing. There's 1 man at the top of this mess. As best I can tell it's the head of the Rothschild banking Empire, Evelyn Rothschild. Probably Corzine doesn't even know who was the target of his billion dollar crime. All he knows is he was ordered by the top ding aling to do the crime.
danielvincentkelley 1 month ago
kondratieffwinter DOT C O M
This is the winter you speak of.
RndmMexican 1 month ago
@RndmMexican Yes that looks like it. I will have to read it. I was just telling you what I heard from Richard. Thank you for that link.
bullorbearreport 1 month ago
@bullorbearreport
Oh!
Thank you!
RndmMexican 1 month ago
It's not that Corzine is so dear to Rothschild's heart, it's because Corzine was just following orders, the crimes he committed he didn't originate. So, for now Corzine is being kept quiet about who ordered the collapse at MF Global, which is OBVIOUSLY the head of the Rothschild Global Financial Empire, which owns every central bank in every nation on Earth.
danielvincentkelley 1 month ago
Real estate is risky, I have family in Florida who have owned property for decades. They've been trying to sell for many years now more than 4 yrs and no one is buying. They have problems with the renters paying the rent. What they said is that these people have been renting for a long time & when they can't pay full rent they pay what they can. Other option is some new renter may pay nothing! Here in Ontario, Canada the housing market is not doing good way overpriced, bubble will pop soon.
D33Lux 1 month ago
@D33Lux Exactly! Thank you for bringing that information about rent collection problems to this post..
bullorbearreport 1 month ago
@bullorbearreport You're welcome & thank-you too you sir for making such informative vids. Another heads up, I was told by a retired NYC cop that many are becoming underground preppers who've been buying up land, ammo, gold & silver...etc but aren't telling too many people. Some have moved out of the city's to small areas & bought up land. Ammo is top 5 on list...no word of a lie. I was told what to expect will make the french revolution look like a picnic. Its no joke!
D33Lux 1 month ago
@D33Lux I agree. Many people are not talking about it but are very afraid of the consequences of our countries decisions.... Thank you for that info.
bullorbearreport 1 month ago
Nice rant. Sadly true.
leoclub626 1 month ago
Hya Karl. Love ya bud. Have a good day. Thanks for caring, as always. Any chance you could speculate on what will happen to foriegn currencys (aussie?) if the USD crashes? I really cant work it out and no-one is talkin bout it...
WAKEUPNOWDAMMIT 1 month ago
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ifyouseakaimee 1 month ago
@ifyouseakaimee Thanks...
WAKEUPNOWDAMMIT 1 month ago
@WAKEUPNOWDAMMIT I don't speculate in currencies. Sorry.
bullorbearreport 1 month ago
@bullorbearreport No probs. thanks.
WAKEUPNOWDAMMIT 1 month ago
I dont understand "Real Estate will never recover". Real Estate was over valued in the first place, this is why its going done. It called a bubble. What real estate is doing now IS recovering, and finding fair value. Its going to go much lower yes, but that is the recovery. Its similar to the recovery that Gold and Silver is doing to the upside.
Think about that.
TruthOverFacts 1 month ago
THanks for all you do! I have been watching you for a very long time now :-D I am a newbie to investing in the stock market. Suggestions?
gwapolaub 1 month ago
@gwapolaub I will have a lot of information on what to do in my web site. Keep posted.. it's in testing for the next week. Thanks.
bullorbearreport 1 month ago
Also, all major countries are buying gold. Why are they doing that? It's no going down.
kt9l 1 month ago
At this point in the game, there's no time to pay off my mortgage. My only option is to take the bet that silver is going to go up.
kt9l 1 month ago
@kt9l Again that is up to each person's individual situation and comfort level.
bullorbearreport 1 month ago
Karl, your giving people terrible advice by telling them to make extra payments on their mortgage. Have you ever heard of hyperinflation?
gotlibertygirl29 1 month ago
@gotlibertygirl29 have you ever heard of hyerinflation while wage incomes crash and you can't pay for food or your mortgage while unemployment is at 35%+. It's security you want to have for the next 20 years.... Leverage will be the noose that hangs people.
bullorbearreport 1 month ago
@bullorbearreport If they don't have enough gold or silver to pay their taxes, they are going to lose the house anyway. This is the master plan of the elite. Of course if people have disposable income and they want to pay off their house, that is their choice. But even at this point, they are still better off buying an ounce of gold than making an extra mortgage payment.
gotlibertygirl29 1 month ago
@UVpirate there are no produce cops. Here in WA lots of people grow their own food in their backyard. Organic vegetables free of pesticides, 1000x better than the stuff you pay for in groceries.
626718 1 month ago
You are the ONLY PERSON besides me who thinks real estate is still going down. Right on! How the hell can any property go up in this economy? Please, give me a break. Great advice to your views.
omachinancy 1 month ago
@omachinancy property can go up, if the economy picks up pace, and employment & income grows. I know right now those things seem almost impossible, but it's never a bad idea to take a contrarian view. If everyone in teh market isn't buying houses, that means houses are way over-sold.
626718 1 month ago
@626718 I like buying income producing properties also. I own a few. Just make sure you have 60-75% deposit to put down or better yet buy with 100% cash. Then I'm all for it.
bullorbearreport 1 month ago
thats a great point carl -if the money gets devalued -it will not multiply in your pocket and the buying power will drop and the man's still want to get paid -i never thought about that -now i do
cassanoa 1 month ago
I have about 60% equity in my house..I was saving it for retirement...I want to take out a loan for as much as I can..bring the total back up to book on the loan..and bury some gold for after the market implodes...sounds crazy but I think its a good idea :)
jsmythib 1 month ago
Great video, thanks. (Derbyshire,UK)
123minder 1 month ago
I can't say that I am a supporter of Ron Paul, while he has some right ideas. His other ideas are just as destructive and ignorant. He doesn't even believe in Evolution. That tells me two things:
either 1) he is deeply dishonest and is trying to catering to an extremist republican crowd
or 2) He is just plain ignorant
either way, he is unfit to govern.
626718 1 month ago
@626718 He is a man of science and never mentions evolution. I wouldn't call him ignorant, just a very ineffective leader who I believe deep down he doesn't even want to be President.
I am somewhat critical of him as a candidate, but I will defend any candidate against false information or rumors, whether its Paul, Romney, or Obama.
takerdust 1 month ago
@takerdust he kinda did, there is a video of him in a town hall meeting where someone asking him about evolution being a theory. Ron Paul's answer was that it was just at heory, and his answer strongly hinted at creationism. A man of science? Give me a break!
btw, the video is on youtube, go check it out yourself. I am not making stuff up.
626718 1 month ago
I have a condo, is not an ideal place and too small for my family. It's for 24 years left on a 30 year fixed mortgage. Pay that off??? Nah! When I can break even on it, I am gonna sell sell sell buy into this down market with the earning on my silver. Get out of your high mortgage, dump it all, clear your books and take advantage of the cheep buys. Ideally, I want to buy some farmland near a lake. I'll have my own food and water.
Trapster99 1 month ago
@Trapster99 farmland are nearly historical high prices. You really think it's a good time to buy? Do you need actual farm land to grow your own food? Why can't you grow them at your own backyard? how much food does your family need?
626718 1 month ago
@626718 yes all you need is a 1/4 acre or slightly more for personal consumption. Of course if you want chickens or ducks you will need more space... There are other great channels like growingyourgreens by John Coller that talk all about gardening. Great info.
bullorbearreport 1 month ago
@626718 A few years ago when gold was selling above $800 an ounce, it was above its, unadjusted for inflation, "Historical High Price". $800 for gold now would be a bargain. The S will Hit The Fan, the only question that remains now is when and how will it manifest.
I live in Connecticut and do have a backyard garden. The best thing that it grows is rocks. LOL. When the SHTF, when we do get into a KONDROITIVE WINTER, then physical things, like produce, will have value.
Trapster99 1 month ago
I am from Puerto Rico.
!Saludos!
JCIA2006 1 month ago
RE prices in some areas have not fully corrected yet. Cali and NY are prime examples... they have at least have another -30-40% to go. Could take a few more years.
JP5466 1 month ago
ya I hear ya it seems my rental the sewer and water went up because obviously they are hurting. as far Maddoff/Corzine eczactly that's what I think. This whole thing is a scam beyond belief. RP came in last well dam looks like I aint voting. Good vid as always
pdxeddie1111 1 month ago
BullorBearreport any chance you can let your viewers know how well your BitCoin investment is turning out?
mookixox 1 month ago
@mookixox I ended up never buuying that garbage... Instead I bought a new Sig Sauer P556 Swat Pistol instead.... I got way more enjoyment out of that :-)
bullorbearreport 1 month ago 2
If I were you guys, I woud be studying real estate as we speak. Its going to be a huge opportunity for cash flow income and tax advantages. Natural Gas is also another great play. Be smart guys.....
charlesfuchs 1 month ago
@charlesfuchs Some real estate in your diversified portfolio of assets is always a benefit. But to think that it will make you a killing is very wrong. The next 20 years will be nothing like the previous 20 years... It will be a new reality that American's are unprepared for. And anyone caught with too much leverage or mortgages will be wiped out..... Extreme caution is warranted in Real Estate at this time....
bullorbearreport 1 month ago
@charlesfuchs i am still on the sidelines regarding natural gas, its looking much more attractive than it used to be. But, I am still cautious to get in on it.
Real estate is attractive right now, while it might not be a good time to speculate on houses, it is not a bad idea to get some rental property. You might get a 5-6% sure return on it every year. Treat them as a dividend paying stock.
626718 1 month ago
Peter Schiff says there's a good chance rents will go lower. This is because so many investors are buying up foreclosures in large quantities to RENT OUT. I'm in Calif & I expect home values to decline as much as 50% more. You would be crazy to strive to pay off your mortgage in this economy. It's best to put your cash into hard assets (gold) that are in a bull trend.. Do what China's doing...they're not dummies! Pay off your mtg & you will be sorry. Love your videos. Keep stacking.
alycephoto 1 month ago
@alycephoto yeah, except the thing with real estate is that location really matters. We can't paint the entire rental market with a broad brush. IF you have rental property in desirable places (near schools, hospitals, roads, businesses, etc...) you will have a good rental rate, regardless more rental houses on are coming on the market. In my own experience as a landlord, the most important thing is the location, not the price.
626718 1 month ago
@626718 of course, location is everything. Here in SoCal, there are lots of homes for rent. These were previously foreclosures. People are not buying these foreclosures to live in...they are bought by investors who only want rentals. On one street nearby me, out of 10 homes, there are 4 signs out FOR RENT..unheard of in the past. I believe they will compete, bringing lower rent prices. I say, stay out of real estate as Chapman says, "don't touch Real Estate with a 10' pole"
alycephoto 1 month ago
I have been watching you for a long time now, this was one of your best vids. keep it up
newbeflipflop 1 month ago
As for real estate, I think you are looking at it from a "Primary Residents" situation. If you are a buy and hold real estate investor, you can make a killing if you have the money. You yourself are telling people not to purchase a home. Well, they have to live somewhere so they have to rent.
erbeard 1 month ago
Karl, I disagree. In some areas RE prices are so out of whack it ridicolous, it cost 4X more to rent then to own, which equals easy cash flow. Much better then any dividend stock, Im scooping them up one by one.
TheEarthGerm 1 month ago
@TheEarthGerm Again like I said that is geographic specific. In NY Real Estate is still overpriced. But in Nevada or parts of California Real Estate has been devastated. The problem is when the economy goes into Nuclear Winter will the rents hold up or will there be fierce price competition to lower rents?
bullorbearreport 1 month ago 2
@bullorbearreport Here in Vegas finding quality tenants is almost impossible. Many here are transient, unemployment is about 20% here, and Blackjack dealers just don't earn that much. House prices are plunging and rents are still low as good tenants are just not there. Double whammy.
vegaswolf 1 month ago
Ron Paul purposely did not spend any time in Florida but yea that was a really bad number regardless. I'm not throwing in the towel on him yet though. It's still early. They are doing what ever to kick the guys legs out from under him. It's too bad shady propaganda tricks still work.
patrick258181 1 month ago
@patrick258181 Any differences between the Democrats and Republicans are superficial and inconsequential, at most. The political punditry are well-paid pawns in this game of division and strife. This is why NOTHING ever changes. Government continues to get larger, and more powerful, and more intrusive, no matter WHO is "in charge".
Sadly, the majority of people run to their "lib" or "con" corners and throw mud and stones at the "other side", never realizing that they are being played as fools.
mattandpatti222 1 month ago
@mattandpatti222 Yea I concluded a long time ago it's all fixed. Both sides are the same they just make an illusion that there is a difference. They make debates on small personal issues. That seem big to peoples personal lives but really mean nothing on the big picture. Which the big picture they have the same agenda they work together to keep their friends and themselves rich and in power. I just keep hoping there is a seed of integrity left. Kinda more of a dream.
patrick258181 1 month ago
thanks love the vids
MavenProject 1 month ago
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ifyouseakaimee 1 month ago
@ifyouseakaimee I agree that prices "Should" go higher for everything. That's why I'm 100% invested in metals, equities & real estate.. But at the first sign of a trend break I'm taking profits... Good luck.
bullorbearreport 1 month ago
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ifyouseakaimee 1 month ago
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ifyouseakaimee 1 month ago
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ifyouseakaimee 1 month ago
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ifyouseakaimee 1 month ago
What do you think of Bank of America as a stock? good long?
RenkoTrader 1 month ago
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ifyouseakaimee 1 month ago
@RenkoTrader excellent long.
626718 1 month ago
Of course, you'll have to read this all from bottom to top.
BElliottP 1 month ago
.... since we live in North America (i'm in Toronto, Canada) we are already at the top of the hierarchy on a global scale; considering how paltry the pay is in every third or developing nation that produces our goods for 2 dollars a day. We can't expect the system to change when we won't consider the moral implications of our socially acceptable forms of exploitation. Call it an investment... I think at the end of the day someone wins and someone loses. You can't have wealth without poverty!
BElliottP 1 month ago
@BElliottP I am a single male living in a house that is worth less than 30 thousand dollars here in Coal Country, Pennsylvania. 3 bedrooms, rooms I don't even use. Plop this house down in India, it would house probably 20 people.
YouSayYouWantA 1 month ago
@YouSayYouWantA You got it. Really not that poor after all are you?
BElliottP 1 month ago
Keep Helca (HL) in your sight also.
junkyarddog47 1 month ago
... around $4000 per month in rental income for the landlords. I doubt their mortgage is more than $3000. So they are making a killing. Now, I think about the number of hours that all individuals work in order to pay rent in this house. If you assume rent costs about 30% of your income you are basically working 30% of your life to put 66 cents on every dollar into the pockets of you landlord. So, I believe our system is based on where you place yourself in this hierarchy of slavery...
BElliottP 1 month ago
Now, instead, you rent out a portion of your home for 100% of your mortgage payment. You have now managed to reduce your costs to all other expenses incurred. That's a great investment. But my argument is that although it's socially acceptable to be a landlord is it ethical. Since a certain portion of my rent stays in the pocket of my landlords (say 66%, and I really have no idea what the numbers are, but i assume it's lucrative) they are making a killing. I live in a house that generates..
BElliottP 1 month ago
Its all about tickets and taxes
onmyway7 1 month ago
Imagine if your home is worth 200 000 and over the course of say 10 years you pay it off. Say it costs you 300 000 with interest and all other property expenses incurred. Assuming that the house never increased in value, at the end of the day, for every dollar spent 0.66 dollars goes into your pocket. That would be considered a bad investment but still better than renting where absolutely no money goes into your own pocket.
BElliottP 1 month ago
I suppose owning a home and renting out a portion or the entire thing is the easiest way for individuals to exploit other individuals. I know home owners argue that they are providing a service within a market but is it really fair that you derive more than half of your mortgage from someone living in your basement (not your case but many landlords). What portion of you mortgage payment goes towards the actual equity in your home? I think it's another form socially acceptable economic slavery
BElliottP 1 month ago
You might be the first guy I've seen to hit 249 views 45 likes and no dislikes.. Well done
pdot04 1 month ago
AG, MUX are working good too !
Luiyi385 1 month ago
Prostitution is entertainment right? I wonder when those kind of companies will be traded on the Dow. I bet it would be a more fruitful return on investment than 20th century fox.
If we are lucky in our savings and investments we'll be lucky just to keep up with the inflation that will come from the Fed's sneaky little tricks. I sure hope the "Nuclear Winter" is a couple years away but when your nation is 100-200 trillion underwater... I don't see this fake reality last too much longer.
brown55061 1 month ago
If Real Estate is going down,why hang on to it.If you have to hang onto it because you owe more than what its worth now, thats a sad situation & the only way out is to at least pay enough off so that you get some of the money when you sell.But honestly that could only be done in a short term situation, say 1 yr maybe 2 max, because the price of your house is in the meantime still going down. City & suburbs, imo, will not be nice places to live.
madderthanalex 1 month ago
Thanks Karl. You have a keen grip on whats going down. Laying it out for the people.
Mathematically impossible to recover. Let me interject that along with food, water metals etc add medical supplies. In the event of a disaster you want to be as self sufficient as possible. Emergency personel are not as prepared nor equipped for a disaster as one would think. If 3000 people are rushing to get help what might your chances be to get aid. Be prepared across the board.
RenegadeTimes 1 month ago
you are absolutely correct! I talk to bankers/real estate mavens who DO NOT understand fiat currency and how disastrous it is to their particular market! TANGIBLES are the way!
Red9Man763 1 month ago
Thats what i have done.. 12 times now . This works well . dont forget the cash flow. Great time to buy.. price vers rent. Thanks Greg
MrErspamer 1 month ago
One extra payment a year will cut a 30 year loan in half.
MrErspamer 1 month ago
you better believe thats how & why Madoff was cuffed off to jail.
ilovejimrogers 1 month ago
You know if you really had faith in whats coming,you would sell your house,but only if you are going to get more than what you owe the bank, then with what you have left invest in silver
& gold, & rent while you watch your money grow. Then just before "they" make the world a cashless society, you sell most of your S & G & buy yourself a property free-hold away from the cities & learn to become self-sufficient. Thats my plan & its the World Elites NIGHTMARE
because you dont need them!!!!! :)
madderthanalex 1 month ago
You make a lot of sense. I just started watching your videos, but what do you think about food storage, in terms of stocking up on foods that are good for 10-30 years? What do you think the odds are of major supply disruptions, and when? Thanks for any general thoughts. I know timing is impossible but I also know it's better safe than sorry and a year early than a day late!
dmger14 1 month ago
@dmger14 You know I have so many video's this info is lost in the archive.. I have to do a single titled video on this topic to recap. But personally I do have about 2-3 months of emergency food on hand and some water. Beyond that I think is a personal preference and I'd rather have a garden and some chickens... But again that depends on your preference, situation and area you live in. I will do a video just on this topic alone. Thanks and good luck.
bullorbearreport 1 month ago
@bullorbearreport
Thanks! Either here or in the video, I would like to hear your thought on the LIKELIHOOD and possible timing of how bad things will get, even if it's in a wide window. BTW, I am 20 years in finance with a degree and CFA and best I can tell, we are DONE but for how and when it will play out. My guess is hyperinflation by 2015 and things may very well get bad to the point of violence/break ins being MUCH worse than now.
dmger14 1 month ago
Interrest rate is prefixed low until 2014...
sanctiX 1 month ago
@sanctiX exactly, that's why a housing, or financial collapse is unlikely.
626718 1 month ago
Yes, pay the house off if you can. People are led to believe that they need the "write-off " basically they banksters want you to pay a dollar and get $.30 cents back.
wakeupsheople 1 month ago
I agree the RE hasn't hit anywhere near bottom.
-TEW
theeastwatch 1 month ago
@theeastwatch based on what?
626718 1 month ago
@626718 Economic and political conditions and manipulations.
-TEW
theeastwatch 1 month ago
We are a nation of free wheelers. Spend, spend, spend, well it was a nice ride to the top but I think alot of people will be throwing up on the way down!
vambo13257 1 month ago
I agree with exactly what you said Karl. I split my "savings money" between metallic atoms, and the other half I use to knock away at the mortgage.
lilbromarky1 1 month ago
Don't panic don't spread fear ET is here to save us from ourselves :)):)) any day now:)):))
Jerbear112266 1 month ago
Gold and silver only drops when interest-rates goes up significantly or there is deflation. I don't believe there is another realistic way for gold to drop in dollars or Europe's.
If that happens I'm pretty much screwed anyway. I could sell my house and loose my investments in it from years ago or i could bet on a inflation-scenario.
gijs370 1 month ago
What do you think about Real Estate in England, UK ? Real Estate prices have hardly come down at all.
gotulip 1 month ago
Remembering AOL, I wouldn't touch FaceBook's IPO with a ten foot pole...
Larkinchance 1 month ago
The public have been brainwashed into thinking property will only go up as it has done for the last 40/50 odd years. I know people even now trying to borrow to buy a devaluing asset because they still firmly believe the price will bounce. Cheers Karl.
GuildF40 1 month ago
if the housing prices are never going to recover does it make sense to pay it off or walk out & live on rent ? owning a house is a liability unless it is partitioned to units & generates income from rent. then with the rent you pay off the mortgage & if there's any balance left pocket it.
nayanmalig 1 month ago
@nayanmalig I think renting is definitely not a bad option also... You can keep your funds invested in Gold/Silver while you rent. It's all about income security and your personal preference. Again it all depends on your part of the country and local housing market.
bullorbearreport 1 month ago
@bullorbearreport exactly. there was a description about wealth creation in a Robert kiyosaki book.I got it from that. boy, does it work! but most importantly it completely opened my eyes on how to spot assets vs liabilities. some think that the houses they live in & the car they drive are assets. no. unless they generate income they are liabilities. but like you say each person's situation is unique & he has to plan it accordingly. you got to think of yourself as a brand & do a SWAT analysis.
nayanmalig 1 month ago
@nayanmalig SWOT analysis.
nayanmalig 1 month ago
I am afraid you are right!!
BITARTEN 1 month ago
I know, just kidd'n. Prepare and clean up!!!
jkop48473 1 month ago
In a small mortgage just to hedge from inflation of renting, take care youtubers
hotsaucze1 1 month ago
Excuse me while I go blow my head off. Lol.
jkop48473 1 month ago
Karl it's time to write a book.
dynomike1964 1 month ago
It's going to be hard to sell a house, don't buy it, stay mobile and fluid with silver gold
hotsaucze1 1 month ago
@hotsaucze1 I agree. Hard to sell a house for sure..
bullorbearreport 1 month ago
GGN GAMCO global gold and natural resource closed ended fund. NAV of the fund tracks the commodity index. Also pays about a 10% dividend. In essence an asset protected security where you get paid 9-10% to hold.
knutsenglenn 1 month ago
some scary times ahead brother. Glad I'm aware, and preparing! Thanks for doing what you do!! Keep Stacking!
Johnnyrockva 1 month ago
scary stuff
smasila 1 month ago
30 reasons not to own on truthnevertold
hotsaucze1 1 month ago
Disagree with the mortgage, the deed is not yours until you buy the bond back plus you have to pay property tax and it will always be a liability. 30 reasons not to own, a must watch video
hotsaucze1 1 month ago 2
@hotsaucze1 Agreed. You will always have to pay property taxes like I mentioned in the video. But those are just one of the necessary evils to live in our modern day society. You either pay property taxes or rent. Your paying one way or the other.. Good luck.
bullorbearreport 1 month ago
@hotsaucze1 The correct title is "30 Reasons To Get Out Of Real Estate"
CrashProofCurrency 1 month ago