Gold as money, again: is this the first step?

[ToeTag]

Even if it only covers 50% of the mortgage and 100% of the taxes it is still better than most investments today, but only if housing prices are stable.

[Ardy123]

Even if it only covers 50% of the mortgage and 100% of the taxes it is still better than most investments today, but only if housing prices are stable.

It is very location dependent. IE, if the property costs 800k and you can only rent it for $2000, you are betting on a very strong housing recovery. It really depends on what that 50% is and how long you can lose money on it before you sell.

[ToeTag]

sorry.....this is assuming that the house like a stock option would be purchased 100% up front.  If you can not do this I would not get into it.  It can be very risky.  A safer option would be getting into tax liens.  Very little money up front and depending on where you live you can get any where from 10% to 25% (maybe higher) return on your money.  If the owner of the property defaults and does not pay you back + the interest and your costs (IE.. legal filings and misc expenses) you ultimately end up owning the property for a penny on the dollar.  If you live in a small town you might end up dead so I would recommend doing it in another state as you can do this all via city web sites in any state in the US from where you live.

[CAP1]

there's no way i could purchase it entirely up front....unless they let it go for a bit under 50k, which i doubt they will. in my area, house prices are inthe pooper right now. they've only got a little more ways to go, then they're gonna do just like they always do, and go back up. at least that's what i think.

[Ardy123]

sorry.....this is assuming that the house like a stock option would be purchased 100% up front.  If you can not do this I would not get into it.  It can be very risky.  A safer option would be getting into tax liens.  Very little money up front and depending on where you live you can get any where from 10% to 25% (maybe higher) return on your money.  If the owner of the property defaults and does not pay you back + the interest and your costs (IE.. legal filings and misc expenses) you ultimately end up owning the property for a penny on the dollar.  If you live in a small town you might end up dead so I would recommend doing it in another state as you can do this all via city web sites in any state in the US from where you live.

Ahh, I see. Yeah, another option, and I'm surprised it has not been mentioned, is REITs. They don't require nearly the same amount of capital, yet still enabling people to take advantage of collapse of real estate values. Furthermore, they are required by law to redistribute 90% earnings to unit holders. The only challenge is depending on what REIT invest and how much, you may be required to file a tax return in all the states they do biz in.

unless they let it go for a bit under 50k, which i doubt they will.

Houses in NJ have gotten that low? or are you referring to more section 8/'slum lord' type of investments?

[zack1234]

there's no way i could purchase it entirely up front....unless they let it go for a bit under 50k, which i doubt they will. in my area, house prices are inthe pooper right now. they've only got a little more ways to go, then they're gonna do just like they always do, and go back up. at least that's what i think.

The price of houses will fall, the investment potential of property is finished unless you can buy property outright, and people are becoming unemployed and cannot buy property. (market forces dictate prices)

Renting is the same you can only charge people what they  can afford and if everybody wages are dropping so is your rent.

Narrow boats in the UK don't loose their value by the way

The fact that normal working class people talk about investments and finance is hilarious, in ten years time it will a distant memory this investment for masses nonsense.

[RngFndr]

The price of houses will fall, the investment potential of property is finished unless you can buy property outright, and people are becoming unemployed and cannot buy property. (market forces dictate prices)

Renting is the same you can only charge people what they  can afford and if everybody wages are dropping so is your rent.

Narrow boats in the UK don't loose their value by the way

The fact that normal working class people talk about investments and finance is hilarious, in ten years time it will a distant memory this investment for masses nonsense.

I Hate it, but I think you are correct..

[Ardy123]

I have worked for past 20 in a archive for a bank which is at present being investigated for crimminal activities

ahh so you are partly responsible for manipulating LIBOR? 

[Silat]

More from the deluded Ayn L Rand libertarian dreamers.

[zack1234]

"Your investment may go up or down"

They even tell you that they are poo at finance  

Imagine going to buy a car and they said it might breakdown or might not, you would not buy it

Libor  

It was theft  

[ToeTag]

More from the deluded Ayn L Rand libertarian dreamers.

How about Nigel Farage. Is this guy nuts or is what he says true? Wanna hear from some Brits.

[ghi]

http://world.hawaiinewsdaily.com/2012/08/jacob-rothschild-john-paulson-and-george-soros-are-all-betting-that-financial-disaster-is-coming/


http://mobile.bloomberg.com/news/2012-08-15/paulson-steps-up-gold-bet-to-44-of-firm-s-equity-assets.html

[zack1234]

Farage,Rand and Zack talk jibberish

Zack does it for free though

I thank you

[morfiend]

Isn't Canada trying to introduce all digital or card currency right now?

  No!  But we are making our money outta plastic so we can save a few trees!



  Zack, while I see your point I dont agree,if you own a house then you have an investment so it is for the common man.

   The price of gold is directly related to oil! Once certain countries demanded payment in gold instead of USD it was obvious that the price would rise,that way you can buy more barrels pre ounce.



  Von,all you need is a green thumb,oh and a good seed bank and your set!!!!






   

[zack1234]

Houses WERE a good investment when credit was cheap and the financial institutes were being reckless with peoples investment portfolios and pensions funds

The big financial concerns  are looking at the commons mans assetts and they will take them back, they have tipped over the trough like greedy little piggies and they will find funds where they can.

The man in the street will pay by increases in Pension contribution, Health contributions, Insurance contributions etc, it will and is happening.

When you can't pay your mortgage the Bank gets you house and if you have paid for 20 years you have nothing.

If you own a house and live in it is not a assett they will take it  off you when you cannot paid your medical bills

In the UK if your bone idle and claim benefits you pay no taxes your laughing, if you save up for years you cannot claim benefits and if you need long term medical treatment they take you assetss of you, those who have nothing get it paid for.

USD and oil is nonesense they can pay you in beans,trees or starfish its assets and controll which dictate wealth, why is it when the US tells Europe to get its house in order they do? (IMO etc) they told Japan to invest in Korea to stabilise it, they screamed blue murder, and the US told them that they would bring in trade tariffs if they did not do it, its control and assetts not money.

The US is trillions in debt and still you have American football and Hershey bars, Drones and Serenity explorers (Control and assetts)