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Thread: Real Estate is the Best Anti-Inflation Play

  1. #91

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    Quote Originally Posted by cbc58 View Post
    What town & state is this in? How long ago did you purchase it?
    It was a small town in WV about 4 months ago.
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  3. #92

  4. #93

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    Quote Originally Posted by Jordan View Post
    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.

  5. #94
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    Quote Originally Posted by adams101 View Post
    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.
    Last edited by Zippyjuan; 12-11-2012 at 11:48 AM.
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  6. #95

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    Quote Originally Posted by Zippyjuan View Post
    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.

  7. #96
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    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.
    Last edited by Zippyjuan; 12-11-2012 at 01:00 PM.
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  8. #97

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    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.

  9. #98
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    Quote Originally Posted by oyarde View Post
    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):
    Last edited by Zippyjuan; 12-11-2012 at 02:34 PM.
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  10. #99

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    Quote Originally Posted by Zippyjuan View Post
    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
    Last edited by FreeHampshire; 12-12-2012 at 06:10 AM.

  11. #100

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    Quote Originally Posted by cbc58 View Post
    what's the town?
    Salem. We also have an investment property in Clarksburg now, which is looking promising.
    Last edited by PaulConventionWV; 12-12-2012 at 08:43 AM.
    "The greater the number of prescriptions, the more people's sense of personal responsibility dwindles." ~Hans Monderman

  12. #101

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    Quote Originally Posted by FreeHampshire View Post
    Your irrational fear and hatred of White people seem to be getting the better of you.



    ....

    Much more recent report:




    http://www.nbcsandiego.com/news/loca...167899215.html
    Lol he just explained to you that he is white.
    "The greater the number of prescriptions, the more people's sense of personal responsibility dwindles." ~Hans Monderman

  13. #102
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    Quote Originally Posted by FreeHampshire View Post
    Your irrational fear and hatred of White people seem to be getting the better of you.



    ....

    Much more recent report:




    http://www.nbcsandiego.com/news/loca...167899215.html
    I don't hate or fear myself. Or anybody else. Thanks for the concern.

    An eight percent increase from the lowest crime rate in 30 years is still a very low crime rate. Nothing goes down (or up) forever. Except time.
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  14. #103

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    Quote Originally Posted by PaulConventionWV View Post
    Lol he just explained to you that he is white.
    Actually, no one addressed me. And some of the most racist anti-white people around are White.


    I don't hate or fear myself. Or anybody else. Thanks for the concern.

    An eight percent increase from the lowest crime rate in 30 years is still a very low crime rate. Nothing goes down (or up) forever. Except time.
    I never accused you of hating or fearing yourself. And the article you posted was from 2010, that same site was complaining about higher crime rates in San Diego just a few months ago. The low amount of crime rates can be directly attributed to severe amount of police activity rather than tenuous connection with the high amount of Mexican ethnics, like you implied.
    Last edited by FreeHampshire; 12-12-2012 at 10:57 PM.

  15. #104
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    Quote Originally Posted by FreeHampshire View Post
    Actually, no one addressed me. And some of the most racist anti-white people around are White.



    Actually I did address you. What I said:

    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.
    I never accused you of hating or fearing yourself. And the article you posted was from 2010, that same site was complaining about higher crime rates in San Diego just a few months ago. The low amount of crime rates can be directly attributed to severe amount of police activity rather than tenuous connection with the high amount of Mexican ethnics, like you implied.
    After I made that statement saying I was not Mexican but was of German Ancestry you made your comment about my hating white people. Since I said I was white that would have meant I hated myself- hence my responce. I may suggest you read posts in the future.

    Your quote:
    Your irrational fear and hatred of White people seem to be getting the better of you.
    Last edited by Zippyjuan; 12-14-2012 at 02:53 PM.
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  16. #105

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    Quote Originally Posted by Zippyjuan View Post
    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.
    I didn't say I thought you were Mexican, or even a Central or South American. That is an assumption YOU are making based on poor information. I simply said I detect a conflict of interest with someone called Zippy/juan in San Diego. It is my choice if I choose to engage someone and I simply chose not to engage you on that topic. I know what I witnessed over the past 40 years there but I will be your Huckleberry for a bit if you want. If you have lived there for the past 30 years and only see a bundle of roses then there is probably little point in a conversation anyways.

    Picture looks like Pacific Beach and I don't see one person of color in your pictures. Those are not the people I felt had the challenges in a SHTF situation. An 8 hour outage is hardly the EBT cards getting shut off and no food at the stores. Kind of visualize over 200,000 illegals living hand to mouth after a week or two of that. Oh and picture from San Ysidro to Logan Heights moving up to pillage Pacific Beach to Solana Beach while El Cajon to Corona moves in from the eastern other side converging on the same wealth at the beaches.

    Yep, ought to be one big happy family there in San Diego. This is of course assuming another 2 or 3 hundred thousand more illegals don't rush across to join the pillaging party. Half a million illegal aliens with a third world mentality in a place with an overwhelmed and useless law enforcement. San Diego is a powder keg but you may see that scenario as a bunch of Mexican Nationals coming to save the wealthy people at the beaches to bring them tacos, margaritas and some mariachi music until the food supply is restored. I personally don't want to be anyplace near hundreds of thousands of illegal aliens living hand to mouth during a crisis. This is to say nothing of the other hundreds of thousands or resident poor.

    I could find a peaceful picture to take in some obscure place in Beverly Hills during the Rodney King riots..... what would that prove? That LA is a good place to be in an economic crisis?

    http://www.nctimes.com/news/local/sd...bebf8b3c3.html
    Last edited by adams101; 12-14-2012 at 09:14 PM.

  17. #106

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    After I made that statement saying I was not Mexican but was of German Ancestry you made your comment about my hating white people. Since I said I was white that would have meant I hated myself- hence my responce. I may suggest you read posts in the future.
    You can be a White that despises the White race, which seems to be true in your case. As you have an irrational fear and hatred of White homogeneous societies and seem to think Mexicans have some 'magical blood' in them which allows them to commit less crimes, which is clearly not the case. I was well aware of your comment earlier, which was my point.


    Actually I did address you. What I said:
    I was referring to the specific comment you made about one having an irrational (which isn't irrational due to crime statistics) fear of Mexicans. You were addressing another poster.
    Last edited by FreeHampshire; 12-15-2012 at 06:06 PM.

  18. #107
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    AH- magic blood. Vs that tainted blood some make it sound like they have that they don't want to be contaminated by getting too close to them. That is how they have a lower crime rate (hint- if you are in a place illegally, you probably don't want to be running around committing crimes which increases the chances you get deported- still haven't been shown factual crime statistics indicating that illegal aliens are more likely to commit crimes than people here legally). All of our ancestors came to the US from some foreign country at some point in our past.
    Last edited by Zippyjuan; 12-15-2012 at 06:46 PM.
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  19. #108

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    What about states that have property taxes?

    If inflation hits, won't houses be estimated to have a higher value?

    Say for example: a $100,000 house with a 2.0% interest rate costs $2,000 per year in taxes

    Inflation hits & house is appraised a year later at $200,000. Taxes just went up to $4,000 per year.
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  20. #109

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    Quote Originally Posted by MikeStanart View Post
    What about states that have property taxes?

    If inflation hits, won't houses be estimated to have a higher value?

    Say for example: a $100,000 house with a 2.0% interest rate costs $2,000 per year in taxes

    Inflation hits & house is appraised a year later at $200,000. Taxes just went up to $4,000 per year.
    inflation does not matter regarding your property. it is a local issue. if the taxing authority needs more money, it will tax, and you will pay. inflation rate could be 2%, if the taxing authority give their "brothers" a 15% raise, and take out a $100million dollar bond, you will be paying more. Your house price can go up, in can go down. They don't care.
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  21. #110
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    In California, there is a limit of how much your property taxes can be raised in one year unless it changes hands- that is two percent. The tax is based on what you paid for it- not based on what others in the area are currently selling for like some other states do. If somebody buys the neighbor's house for twice what you paid, your taxes cannot be doubled as well.
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