Real Estate is the Best Anti-Inflation Play

[Carson]

Nice

Well with the way I envision CA reacting to the coming crisis, I don't know if it would be THE BEST place to be.

I wouldn't underestimate San Diego as a place to be during a crisis. I grew up there.

San Diego has a lot of military families. It is also a good place to take it easy. Free people taking it easy are not likely to eagerly jump on every band wagon you shove in front of them. I see them as very independent that way.

I haven't lived a lot of places but I rate them up there on the flipping you off or mooning you index if you try pulling anything on them.

[Zippyjuan]

I am restricted on what I can do on the outside of the building. My balcony faces north so aside from a few days in winter, I get no direct sun (I have a pitched roof which is higher in the middle of the unit and skylights up there do let in sun from that direction) so solar would not work for me. The complex has installed solar for hot water heat which everybody shares. At my current costs for electricity, it might not be worth it anyways. If it cost $7000 my break even would be about 16 years.

[cubical]

I am restricted on what I can do on the outside of the building. My balcony faces north so aside from a few days in winter, I get no direct sun (I have a pitched roof which is higher in the middle of the unit and skylights up there do let in sun from that direction) so solar would not work for me. The complex has installed solar for hot water heat which everybody shares. At my current costs for electricity, it might not be worth it anyways. If it cost $7000 my break even would be about 16 years.

Yeah, if you are only playing 35 now, that is very small. Though I do believe energy prices will only be going higher.

[oyarde]

I wouldn't underestimate San Diego as a place to be during a crisis. I grew up there.

San Diego has a lot of military families. It is also a good place to take it easy. Free people taking it easy are not likely to eagerly jump on every band wagon you shove in front of them. I see them as very independent that way.

I haven't lived a lot of places but I rate them up there on the flipping you off or mooning you index if you try pulling anything on them.

If the electric was shut down in San Diego for a few days, no pharmacy, no meds, no gas , no groceries , no cigarettes , no beer.... I imagine the place would be chaos....

[PaulConventionWV]

Because when people lose their jobs and their homes, the tax levy (big pool of money the government steals) can only change if the taxing authority (county) reduces staff or benefits (government employees and public unions). When this does not occur, everyone else who is staying put gets a nice increase in their tax rate.

It matters not what I think, it matters what the state has done. They have.

In detroit? A renter in a detroit has the option of leaving this cesspool. An owner can not move his house out of that dump.

Who said anything about Detroit? Either way, though, it's not likely that your income in most parts of the country will be smaller than your taxes. Sure, it matters where you live, as it does with most things. Taxes aren't a big problem where I live, so why shouldn't I invest in real estate? Why is real estate such a bad investment for people like me who don't suffer from ridiculous tax rates?

[PaulConventionWV]

So you aren't really accumulating you are pushing paper. Ok, done with this stupid argument.

Last time I checked, property was a pretty valuable asset to have. So no, pushing paper would be like investing in the stock market. If you buy land and houses, then you have something very valuable that can serve a great purpose to you. It will also be in demand no matter what the value of paper currency is.

[cubical]

Last time I checked, property was a pretty valuable asset to have. So no, pushing paper would be like investing in the stock market. If you buy land and houses, then you have something very valuable that can serve a great purpose to you. It will also be in demand no matter what the value of paper currency is.

If you own GE through the stock market, you own it in the same way you own a piece of land. You have a legal right to part or all of the business/property. It's not like you can fold either up and put it in your pocket and it snot like the government couldn't take either if they chose to.

[PaulConventionWV]

You looked at going solar?

Be kinda hard living in a condo, seems like.

[PaulConventionWV]

If you own GE through the stock market, you own it in the same way you own a piece of land. You have a legal right to part or all of the business/property. It's not like you can fold either up and put it in your pocket and it snot like the government couldn't take either if they chose to.

Stocks have always been more superficial to me. There's no intrinsic value in a piece of a company because that could be destroyed overnight. If the value in paper money is lost, you have nothing. If the company goes broke, you have nothing. If you have a piece of land or a house, you have something regardless of what the economic conditions are. It's still something valuable because it will always be in some kind of demand.

If you own the whole company, then of course you have the property that goes with it, but that's only part of what you paid for.

[jclay2]

Jordan

True or False: The real estate market is one of the most heavily manipulated/intervened markets on the planet right now?