Ron Paul, Freedom Academy John Schaub Real Estate

[jsb199019]

I listen to hans with my morning coffee.

[mialst]

YOU FOR VP RUN WITH RP

[eolake]

Good points.

Though the housing market is much, much slower moving than the stock market. I don't think it will bottom out for two or three years, maybe even four. Don't rush into buying.

[farmanntv]

Agree. Easy as you go.

[kayoglass]

I want to buy a house, and wondered if I should try or just wait, and how long should I wait? Thanks Hans, this tells me to keep renting for the next year. . .I want to see if my landlord will rent to buy tho - should I wait? I guess I should wait.

[lastnymleft]

Definitely not the market to be buying anytime soon. And even if it "bottoms" in a year or two, it's going to take quite some time to pull off the bottom, so don't expect returns anytime soon.

[kayoglass]

Thanks, I'm sure Hans will give a heads up when the housing market improves. What about buying land to build your OWN house?

[lastnymleft]

I wouldn't. There is still much downside to play out, and such will affect land prices, too. A $200,000 block may well be worth $150,000 or even $100,000 in a year or two. It's doubley-bad to be stuck paying interest on the full $200,000 when your capital is halved.

The best store of value is gold and silver, and being relatively liquid, ready to get in at the right time. But these things take time to work through the economy, so don't expect anything in the near term.

[kayoglass]

Thanks again.

[DividedLove]

The illuminati control gold and are planning on crashing it as well.

[lastnymleft]

As the USD collapses, the price of gold measured in USD will skyrocket. ANYTHING measured in USD will increase in price during this collapse of the fiat system.

They've been dumping gold from the Central Banks, etc, for years, but there's only so long they can do that for. There will come a time when the cupboard is bare, and the gold price will reflect true supply and demand characteristics, along with its historic position as a store of value. I'll be well positioned for such an occurrence.

[Zhuangyao]

i dun mind buying a piece of property at Arizona at $1.

[dscglfr00]

seems reasonable.