Any investors in here?

[Surfer]

Who else is having fun in this lovely market......lol, both Real Estate and Stocks

 

[ScottB]

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

 

[Nica]

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

:iagree: Already doing that

 

[Tonya]

Note to all :
When equities are down, buy bonds ! (not series EE)

hee hee hee good thing you clairified (not series EE) hee hee hee

 

[Surfer]

we need to backup and allow the natural recession to take place. All these govt bodies playing with this or that, dumping this or that into the mix. Fix the tax issue, make insurance companies accountable on a national level, and curb the price of gas. We will then all spend additional money, and go back to the greedy nation we once loved, and all will rebound. I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Note to all :
When equities are down, buy bonds ! (not series EE)

Mortgage back bonds suck now if you were in them from earlier on lol, my family is well diversified but the funds/portfolios that invested in mortgage backed securities ate it, lost well over 7 figures on the bonds but only on paper for now, see what happens in the upcomming months. Glad I didn't have any bonds.

 

[Nica]

Seems that this down ward trend is accross the border, everything has been affected, but I some what agree with what killr said about purchasing now...some of my friends say to hold off, to let this downward motion make it's way down and see how it goes. I guess it's all part of the game though, at the end of the day it's all a risk with the best educated guess. Just my thoughts on it.

 

[FMINUS]

Moved most my equity from stocks (anticipating correction) to pay off lines. It was okay paying 7% on the lines while earning 20%, but money in the bank doesnt pay.

Ive picked up a few homes on auction at about 65-80% AMV, hoping to flip some of the lower margin homes and holding on to the higher ones.

No real passive income coming in...... ... my bank job doesnt pay....

 

[Surfer]

Seems that this down ward trend is accross the border, everything has been affected, but I some what agree with what killr said about purchasing now...some of my friends say to hold off, to let this downward motion make it's way down and see how it goes. I guess it's all part of the game though, at the end of the day it's all a risk with the best educated guess. Just my thoughts on it.

I'd actually wait, values are going to get lower with more lenders going kaput and shortsales/forclosures rising. The SS/FC are killing everyone right now at least in South Florida. Friend had her place up for sale, and there were 3 shortsales in the area that are comparables that 3 people tried to get financing for and the appraisals have lost 75-100K on value in 4 months and now another forclosure popped up. She can't sell, as people can't get financed for her asking price with money down which was still good for this market.

 

[Nica]

I'd actually wait, values are going to get lower with more lenders going kaput and shortsales/forclosures rising. The SS/FC are killing everyone right now at least in South Florida. Friend had her place up for sale, and there were 3 shortsales in the area that are comparables that 3 people tried to get financing for and the appraisals have lost 75-100K on value in 4 months and now another forclosure popped up. She can't sell, as people can't get financed for her asking price with money down which was still good for this market.

Thanks for the tip bro, my frriends mentioned the same thing about lenders and forclosures. Actually a few of my friends and including my self got our eyes on a few lenders here who are starting to feel the squeese. I'm very curious to see how this will play out. It could be a great opportunity for those that have the cash to make something happen.

 

[Surfer]

Thanks for the tip bro, my frriends mentioned the same thing about lenders and forclosures. Actually a few of my friends and including my self got our eyes on a few lenders here who are starting to feel the squeese. I'm very curious to see how this will play out. It could be a great opportunity for those that have the cash to make something happen.

Canada has some funny stuff though, I had somebody telling me loans out there aren't long term fixed and they are mostly all short term 3-5 years, was that true?

 

[FMINUS]

I'd actually wait, values are going to get lower with more lenders going kaput and shortsales/forclosures rising. The SS/FC are killing everyone right now at least in South Florida. Friend had her place up for sale, and there were 3 shortsales in the area that are comparables that 3 people tried to get financing for and the appraisals have lost 75-100K on value in 4 months and now another forclosure popped up. She can't sell, as people can't get financed for her asking price with money down which was still good for this market.

THeres money to be made at all steps of the drop, these quick deals are still profitable. You have to be in the market when others are not, in my experience when everyone "agrees" on a time to buy, it quickly becomes a sellers market again.

I have always took risks and have a mentality to always go against the grain. During my experience while working for Goldman, I came into contact with many wealthy clients taught me the trade. It has been a blessing.

 

[Nica]

Canada has some funny stuff though, I had somebody telling me loans out there aren't long term fixed and they are mostly all short term 3-5 years, was that true?

Well ther's both, but most people go with 3 to 5 years. Most of my friends go with 3 to 5 years and pay there houses off within that period of time, well the one's that do have loans. Yes, Canada is some what strange, I honestly don't know the full details of how the system works here...I just know enough to get by. It hasen't hits here as hard as in the US though, but I'm sure things will shift soon.

 

[Surfer]

THeres money to be made at all steps of the drop, these quick deals are still profitable. You have to be in the market when others are not, in my experience when everyone "agrees" on a time to buy, it quickly becomes a sellers market again.
I have always took risks and have a mentality to always go against the grain. During my experience while working for Goldman, I came into contact with many wealthy clients taught me the trade. It has been a blessing.

Can make good money with shortsales, done myself, though harder now as here they will only do pretty much SS for people who are current on the loan but need to get out for whatever reason, they are a nightmare to do now here if the person is behind on payment.

THeres money to be made at all steps of the drop, these quick deals are still profitable. You have to be in the market when others are not, in my experience when everyone "agrees" on a time to buy, it quickly becomes a sellers market again.

I have always took risks and have a mentality to always go against the grain. During my experience while working for Goldman, I came into contact with many wealthy clients taught me the trade. It has been a blessing.

Grandfather always said "do the opposite of everyone else". Take CW the other day, everyone shorting it, thought about it but I knew there was some news to be released that might have an positive effect, sure enough the stock rallied....glad I didn't short as I would have done a ton of shares that would have left a nice boo boo lol

 

[Surfer]

dp

 

[Gary Sword]

Yo Boca Boy Surfer. Me and my crew have been cuttin it up on the streets bro. Got some X-Presidents we wana hook up wit ya.

 

[Sevenrd]

I pulled the bulk of my money out of the stock market late May. Signs of the housing/credit problems began surfacing, energy prices kept increasing, yet every day the market seemed to ignore this and set new all-time highs. I figured the news would eventually catch up with it.

I usually don't try to time the market but I felt it was time to lock in some gains just in case. I went through the tech bubble and 9/11 without making any moves and it hurt. I didn't want to go through something like that again.

Even if/when the credit and housing issues clear up, I'm still concerned about energy long term. Global production of crude has been virtually flat for close to two years. OPEC says they don't need to increase production, but I'm not convinced they even can (I think they meet in September or October so we'll see then.) Catarell is in decline, North Sea is in decline...who know about Ghawar.

I'm going to remain on the sidelines for a bit.

 

[Pauly6401]

I hate to say it, but at this point a Hurricane would be a benefit to the Florida economy.

Heck yeah, thin the houses out some so I can sell mine and not lose $30,000 in the process

I had the unfortunate pleasure of buying in December of 2005 when the market was at its highest. Now, who knows what will happen when I have to sell in 2-3 years!?

 

[P1et]

I just bought quite a few VMWare shares. Who else???

 

[Nica]

Yo Boca Boy Surfer. Me and my crew have been cuttin it up on the streets bro. Got some X-Presidents we wana hook up wit ya.

hahahaha Gary that's halerious buddy hahahahaha

 

[pawpaw]

Have made money in long run by going by the news. When newspapers scream how the market is crashing I buy, when newspapers scream how great the market is I sell.

Waiting on 4th quarter