Foreign Markets PLUNGE as Bear Stearns is SOLD to Morgan for $2/share!!!!

[Dave T]

I paid $65.10 to fill up my pickup truck the other day ($3.45 per gallon). 

Mike,

I bet it will take at least $100 to fill your truck when oil is denominated in Euros.

[propertymanager]

I bet it will take at least $100 to fill your truck when oil is denominated in Euros.

With the reckless behavior of the Fed, we'll be lucky if a truck full of money will buy a tank full of gas once inflation gets going!  The Fed is REALLY screwing up if you ask me!

Mike

[kegjeg]

I really do not fully understand all of this. I should have paid better attention in school 25 years ago. I have been working on picking up my first deal and getting all of my ducks in a row, Is this a better time to keep what cash I have in my pocket and wait to see what is going to happen? Or is this a good time to get started because there will be tons of deals out there? I am confused. I wold hate to buy a rental property and have it sit vacant because nobody can afford the rent anymore. Can someone help me understand a little better? Thanks

[kdhastedt]

Never mind...we'll be OK now:

http://www.msnbc.msn.com/id/23673100

Keith

[fadi]

I'm waiting for the rates to drop little more to refinance my house

[phlemboy]

I really do not fully understand all of this. I should have paid better attention in school 25 years ago. I have been working on picking up my first deal and getting all of my ducks in a row, Is this a better time to keep what cash I have in my pocket and wait to see what is going to happen? Or is this a good time to get started because there will be tons of deals out there? I am confused. I wold hate to buy a rental property and have it sit vacant because nobody can afford the rent anymore. Can someone help me understand a little better? Thanks

If people can't afford to rent, then they're living n the street. The rental properties will do well in tough times as people are losing or selling their expensive homes. Renting is always cheaper than owning when you factor in insurance, taxes & maint. of a home. BUY BUY BUY!! at a huge discount of course.

[stevie-o]

Never mind...we'll be OK now:

http://www.msnbc.msn.com/id/23673100

Keith

Bwahhhaaaahaha. That is funny!

[Deal Hunter]

I really do not fully understand all of this. I should have paid better attention in school 25 years ago. I have been working on picking up my first deal and getting all of my ducks in a row, Is this a better time to keep what cash I have in my pocket and wait to see what is going to happen? Or is this a good time to get started because there will be tons of deals out there? I am confused. I wold hate to buy a rental property and have it sit vacant because nobody can afford the rent anymore. Can someone help me understand a little better? Thanks

Well, the logical answer is "no" do not keep cash as the value of each of your dollars is plummeting by the milisecond.  You need to trade in your cash for a hard asset or, what I like better, and INCOME PRODUCING ASSET!  Of course a rental property is ideal, but if you don't have enough cash on hand to get one - buy a vending machine.  Heck a gumball machine or two will fight inflation better than cash under your mattress slowly turning into toilet paper.

P.S.  The only reason a rental property sits vacant is that the owner is not lowering the asking price of the rent.  People will STILL rent because people are largely still employed and making some money.  If your rental is empty, it's because you're too greedy and won't rent at or below market rent rates.  Get over it and get that sucker rented already!

[rookieNYC]

« Reply #11 on: March 17, 2008, 03:45:49 AM »   

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All this drama and I'm watching the long side....Go figure....


I hope someone made some free money on my call to get long...This was the easiest money yet...