Real Estate is the Best Anti-Inflation Play

[PaulConventionWV]

What town & state is this in? How long ago did you purchase it?

It was a small town in WV about 4 months ago.

[cbc58]

what's the town?

[jclay2]

True. Which is why I like investing in it.

I don't make the rules, I just play by them. Ben Bernanke and company are making homes excellent investments, so I'm just following their lead. Don't hate the player; hate the game.

Thats fine to think that. But most people who have that opinion realize that manipulated and artificially inflated markets usually reverse all of the movement to the other direction. Its fine if you are investing based off what the central bankers do (arnt we all?), but you should not blindly forget that the interventions usually blow up in peoples faces and a large majority of the participants involved. This is my main criticism for you. In all your posts, you have yet to talk once about the negative consequences of central bank/government actions. This is your main risk and you need to adress it.

[Zippyjuan]

You must be joking. A city with 1.5 million AND the largest border city in the US?

Good luck getting to use any hospitals etc with a million transient illegals using them for their homes during the crisis. You have hundreds of thousands of just plain Mexican transients wandering all over just looking for opportunities to take advantage of in a crisis. They grew up in one and really know how to work a socialist system and a crime wave with not enough law enforcement.

Maybe tolerable if you could ride it out on Coronado but that is an island and that has challenges. The rest of San Diego would be a giant crime wave of Mexicans. Once the people in Mexico hear everything has broken down there would be an influx of literally millions in a month or less.

Border cities are insane.

You have obviously never been here. Your fear of Mexicans seems to cloud your vision.
http://www.utsandiego.com/news/2010/...owest-violent/

San Diego continues to rank as one of the safest big cities in the nation.

The city had the third-lowest violent crime rate among cities with populations larger than 500,000 last year, behind Honolulu and San Jose, according to FBI data released Monday.

In property crime, San Diego placed fourth-lowest. Both rankings match 2008 results.

[adams101]

You have obviously never been here. Your fear of Mexicans seems to cloud your vision.
http://www.utsandiego.com/news/2010/...owest-violent/

Uhhhhhhhh....... I spent more time there than you unless you are over 70 years old. I won't discuss the shortcomings of San Diego with someone named "juan". I see a conflict of interests.

I hope those government "groomed" statistics bring you comfort.

[Zippyjuan]

You are assuming that I am Mexican based on my user name? Sorry to disappoint you- I am not. My ancestry is German. But I also assumed that you were not 80 years old (you seem to claim in the above post that you have lived in San Diego 70 years and from earlier posts sounds like you no longer do so I am assuming at least 80). I guess I was wrong as well. I have lived here for 30 years now.

[Arklatex]

I'll say the ultimate best investment, is cropland on a river(riparian river rights) in a rural libertarian county.

Hands down. Nothing else compares.

For a medium of money, Gold & Silver.

Houses - screw them. Unless it's a castle built of granite.

[Zippyjuan]

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....

That could be true anywhere. We had about an eight hour blackout and everybody did fine. Some businesses (restauraunts, grocery store) were open on limited basis using backup generators. One bar even still had their big screen TVs going. In my place my stove is not gas but all of the courtryards (five- big place!) have gas grills. I used that during the blackout.

Photo I took: Exposure was 30 seconds so anybody walking by disappears. The only one visable is the guy sitting by the light post. See the bright spots on the sidewalk? That is people walking and swinging a light in their hand. The "J" shape is a bicycle with a light on the wheel. Colored squiggles in the background is an aproaching bus.Other streaks are cars. Some stars in the sky (was about 3/4 moon so there was decent ambient light).


Lines at the grocery store (ice and water sold out very quickly):

[FreeHampshire]

You have obviously never been here. Your fear of Mexicans seems to cloud your vision.
http://www.utsandiego.com/news/2010/...owest-violent/

Your irrational fear and hatred of White people seem to be getting the better of you.



....

Much more recent report:

San Diego’s violent crime rate is increasing after a record 30-year low, according to new data released by the San Diego Association of Governments (SANDAG).
Compared to this time last year, the county’s violent crime rate is up about 8 percent. There were more homicides, rapes, robberies and aggravated assaults, as well as more property crimes, the SANDAG report stated.
The rate is equitable to an average of 32 violent crimes reported every day. Last year, there was an average of about 29.


Source: http://www.nbcsandiego.com/news/loca...#ixzz2Er36YaqU

http://www.nbcsandiego.com/news/loca...167899215.html

[PaulConventionWV]

what's the town?

Salem. We also have an investment property in Clarksburg now, which is looking promising.