What happened to all of the doom and gloom economic threads?

[JohnnySavage]

TRUE

But

Joe n Sally that heretofore were turned DOWN......now are NOT, hence Joe and Sally x 800 or 200,000 are looking+ higher prices

we will again pay the price>>>>the road

But housing prices took a hit and need to get back to 2007 prices so Johnny can sell and spend his last days traveling the world.

So go Sally GO!

 

[koalabear]

Stocks mixed in early trading

 

[Busybody]

But housing prices took a hit and need to get back to 2007 prices so Johnny can sell and spend his last days traveling the world.

So go Sally GO!

historically

home "investment" has been a loser

if you X out 2002-2007-8

 

[JohnnySavage]

historically

home "investment" has been a loser

if you X out 2002-2007-8

But you have to live somewhere.


Having said that... I will never own another house once I sell the Savage Estate. Too damn much work and watching $400,000 in equity disappear gave me the vapors.

 

[Busybody]

Rent......

Or

Buy a home and don't expect to make $$$ on it, cause if its u and you needa buy another place that's ALSO up

Unless you do what I do

What shit, for 5-15K , rehab, Sec 8 it and collect rent

THATS WHERE $$$ IS

 

[JohnnySavage]

Rent......

Or

Buy a home and don't expect to make $$$ on it, cause if its u and you needa buy another place that's ALSO up

Unless you do what I do

What shit, for 5-15K , rehab, Sec 8 it and collect rent

THATS WHERE $$$ IS

You're a flipper.


and a flopper.

 

[Busybody]

and

profiter

OH, that's a BAD WORD

 

[Busybody]

I have a bid on a 34 apt building

down from 2.4 million to 1.3 million

rent roll 260K

hope I get it

will SHELTER it all, aint givin shit to BronkOH!bama

 

[JohnnySavage]

I have a bid on a 34 apt building

down from 2.4 million to 1.3 million

rent roll 260K

hope I get it

will SHELTER it all, aint givin shit to BronkOH!bama

Too much interaction with humans in those kind of deals. I prefer dealing with my computer and, on occasion, the mail man.

In fact, with the latest technology, I can take a picture of a check and not even have to to go the bank any more.

 

[Busybody]

Too much interaction with humans in those kind of deals. .

yup

 

[Busybody]

BronkOH!bama goes BOOM!


ISM services index rises to 54.7% in November Stories You Might Like


By Jeffry Bartash WASHINGTON (MarketWatch) - The U.S. services sector grew at a slightly faster pace in November, according to the Institute for Supply Management. The ISM said its survey of purchasing managers - the executives who buy supplies for their companies - rose to 54.7% last month from 54.2% in October. Economists surveyed by MarketWatch had expected the index to drop to 53.0%. Reading over 50% indicate more manufacturers are expanding instead of shrinking. Thirteen of the 18 industries tracked by Tempe, Ariz.-based ISM reported growth last month, the same as in October. The ISM's new-orders index jumped 3.3 points to 58.1% and production climbed 5.8 points to 61.2%, but the employment gauge dropped 4.6 points to 50.3%.

 

[richard_daily]

I have a bid on a 34 apt building

down from 2.4 million to 1.3 million

rent roll 260K

hope I get it

will SHELTER it all, aint givin shit to BronkOH!bama

I can't wait to see you attempt to run anything...

Rent roll would drop to 10k within a year under your management.

 

[richard_daily]

Too much interaction with humans in those kind of deals. I prefer dealing with my computer and, on occasion, the mail man.

In fact, with the latest technology, I can take a picture of a check and not even have to to go the bank any more.

The rental market is stronger than i've ever seen it.

It's cash in the bank... and more cash in the bank through equity.

If you know what you're doing, rental properties are still one of the best investments you can make...

But busybody has no clue what he's doing.

I hope he buys the place though. It will be good for some laughs. I expect a few new alts asking how to fix a boiler within a month.

 

[Busybody]

Hey yo, Savage

There is no way to spin REALITY

The economy did NOT have the usual bounce back

The economy had a TEPID bounce at best, only cause of ObamaNOM ICKS

The economy is turning DOWN again

Unemployment will top 9 and maybe 10%

(assuming they DONT fuck with the numbers, and they will)

 

[JohnnySavage]

Hey yo, Savage

There is no way to spin REALITY

The economy did NOT have the usual bounce back

The economy had a TEPID bounce at best, only cause of ObamaNOM ICKS

The economy is turning DOWN again

Unemployment will top 9 and maybe 10%

(assuming they DONT fuck with the numbers, and they will)

The entire world is struggling, such is life in a global economy.

At least we're not in the EU.

The US, and then the EU economy will come back eventually - despite who is putatively in charge.

Unemployment will DROP because the 99ers are going to be kicked off the rolls. As they should be.

 

[islandman]

Not sure how Obama has no standing when everything depends on him. Nobody should be dictating terms but he should definitely be involved in order to help broker an agreement that he will actually consider signing.

I don't fault Obama for not inserting social security into the discussion. There's simply no need and it has the potential to break down the whole thing. Medicare is much more if an immediate issue and a larger part of the budget equation but not SS...

It doesn't. He's not God. Once people with your mentality understand that the negotiations process can start.

There's no need to address SS? Well, that's news to every American. So much for change. When discussing the country's finances, it behooves one to discuss its finances and not cherry-pick.

 

[Busybody]

The entire world is struggling, such is life in a global economy.

At least we're not in the EU........French A HOLE Says they are ding what BronkOH! is, so they are fucked

The US, and then the EU economy will come back eventually - despite who is putatively in charge............Yes, true, it always bounces back....as I said earlier, the recent bounce was LOWER then usual, and with Bronk in charge, the bounce will be even less.

Unemployment will DROP because the 99ers are going to be kicked off the rolls. As they should be...........Again, as I said, if the numbers will NOT be fucked with, it will go above 10%.

Bush will be blamed

That MAY sound like a JOKE, it isn't

 

[RobDownSouth]

There's no need to address SS? Well, that's news to every American. So much for change. When discussing the country's finances, it behooves one to discuss its finances and not cherry-pick.

Pardon me? The social security system has been pre-funded for the baby boomers retirement for the past 20 years. If it completely exhausts the pre-funding early....and there is a chance that it might...retirees will still collect 75% of their retirement in a worst-case scenario.

Perhaps you meant unfunded Medicare liabilities?

 

[Busybody]

Obama: we can raise taxes $1 trillion "without any adverse effects on the economy"


But he said the exact OPPOSITE when he extended the tax cuts in 2010

HE WANTS TO GUT THE ECONOMY

 

[islandman]

Pardon me? The social security system has been pre-funded for the baby boomers retirement for the past 20 years. If it completely exhausts the pre-funding early....and there is a chance that it might...retirees will still collect 75% of their retirement in a worst-case scenario.

Perhaps you meant unfunded Medicare liabilities?

Long term, it's not sustainable. I'm a proponent of addressing it before it requires federal funds to survive.

Employees in the private sector routinely contribute more to their retirement than before. I don't see why SS can't do the same, or choose to opt out all-together if the citizen wishes it.

 

[JohnnySavage]

Obama: we can raise taxes $1 trillion "without any adverse effects on the economy"


But he said the exact OPPOSITE when he extended the tax cuts in 2010

HE WANTS TO GUT THE ECONOMY

The 'fiscal cliff' is a made-up issue.

1. Congress can let the tax rates go up January 1, and at any time prior to April 15, 2014 retroactively lower them again.

2. Mandatory cuts are a good thing. It's about time cuts were made. But in any event, the cuts can be overturned in the appropriation bills.

3. Congress passed the law to avoid difficult decisions. They should stick to it, or shouldn't have passed it in the first place.

However, at the end of the day, on December 31st, Congress and Obama are just going to pass a law extending the 'fiscal cliff' another year.

Status quo.

 

[Busybody]

The 'fiscal cliff' is a made-up issue.

1. Congress can let the tax rates go up January 1, and at any time prior to April 15, 2014 retroactively lower them again.............

2. Mandatory cuts are a good thing. It's about time cuts were made. But in any event, the cuts can be overturned in the appropriation bills.

3. Congress passed the law to avoid difficult decisions. They should stick to it, or shouldn't have passed it in the first place.

However, at the end of the day, on December 31st, Congress and Obama are just going to pass a law extending the 'fiscal cliff' another year.

Status quo.

mostly untrue

the uncertain nature of TAXES

coupled with ObamaCare

Is KILLING economy now

9, more likely 10% unemployment

 

[phrodeau]

mostly untrue

the uncertain nature of TAXES

coupled with ObamaCare

Is KILLING economy now

9, more likely 10% unemployment

I blame Boehner.

 

[koalabear]

Citigroup to cut more than 11,000 jobs

 

[koalabear]

Dow rebounds, led by blue chips