PatColo
19th November 2010, 09:40 AM
15 min youtube from an Austin radio broadcast, VG, he likes low income, cash flow positive rental prop, but as for more upscale, says stay away, he chooses to rent for himself now. Trade your inflated gold/silver in a few years for crashed quality property, walk away if you're under water, stay away from IRAs, 401Ks etc, more, check it out.
"It's Over" - A Realtor Finally Speaks the Truth About the US Housing Market
http://www.youtube.com/watch?source=patrick.net&v=aO5IU3GQlZE#watch-headline
I mostly agree but I'd stay away from all property purchases, even low income/cash-flow-positive indefinitely, "low income tenants" aren't done being destroyed completely yet, property's not done crashing yet, economic collapse isn't over yet, and the evidence that TPTB's endgame in the whole engineered mess is the eventual abolition of private property (http://gold-silver.us/forum/general-discussion/cbs-60-minutes-mortgages-walking-away/msg107453/#msg107453), is still inconclusive... so wait a few years at least, keep your powder dry, eyes & ears open, then reassess.
And don't even think about commercial RE,
Commercial Real Estate (CRE): The Slow-Mo Cliff-Dive Gathers Speed (http://www.oftwominds.com/blognov10/CRE11-10.html?source=patrick.net)
"It's Over" - A Realtor Finally Speaks the Truth About the US Housing Market
http://www.youtube.com/watch?source=patrick.net&v=aO5IU3GQlZE#watch-headline
I mostly agree but I'd stay away from all property purchases, even low income/cash-flow-positive indefinitely, "low income tenants" aren't done being destroyed completely yet, property's not done crashing yet, economic collapse isn't over yet, and the evidence that TPTB's endgame in the whole engineered mess is the eventual abolition of private property (http://gold-silver.us/forum/general-discussion/cbs-60-minutes-mortgages-walking-away/msg107453/#msg107453), is still inconclusive... so wait a few years at least, keep your powder dry, eyes & ears open, then reassess.
And don't even think about commercial RE,
Commercial Real Estate (CRE): The Slow-Mo Cliff-Dive Gathers Speed (http://www.oftwominds.com/blognov10/CRE11-10.html?source=patrick.net)