savings account question

[HomoSexualPredator]

Originally Posted by david austin

Its not all at the hands of schemes and speculators...

Home values do generally increase in value... but over long periods of time.

The massive inflation of the RE bubble moved the metric of that perception many many years forward. What used to be a welcome bonus at the end of a loan term (or beyond) had turned into an expectation within years.

The problem was exacerbated by owners gaining virtual ATM access to their 'paper value' via home equity loans.

Personally I dont think (even in the relatively stable Dallas market) that we are close to finding a bottom in housing.

good news for me... I can't wait for a couple of neighborhoods to go on sale!!

[PETA]

Originally Posted by Hey Bubu

Had some savings on a GE interest plus account, recently took the money out. Looking for a new savings account, any recommendations other than underneath the mattress?

llello... lots and lots of it

[Alexis Gold]

Honestly? I would just buy guns & ammo with yr savings. Then when yr ready to cash out just go down on Ervay/MLK & get yr money back w/interest.

That or the IRA. Even more so if yr company matches what you deposit from yr paycheck.

[PETA]

crack!!!! crack and cardboard boxes!!!

[Alexis Gold]

oh yeah, you can invest in crack - but do YOU really trust yrself w/rocks?

lol

[PETA]

Originally Posted by david austin

The problem was exacerbated by owners gaining virtual ATM access to their 'paper value' via home equity loans.

A similar thing happened in the late 70s early 80s with regard to farm values. The paper value jumped and implement dealerships were willing to sell an air conditioned, am/fm, blah blah blah over the top priced tractor to a mom and pop farm on that basis.... then poof.... Farm Aid, movies like The River, Country as well as Right to Farm Acts etc etc

oddly enough, these issues have historical precedents - go figure

Originally Posted by Alexis Gold

oh yeah, you can invest in crack - but do YOU really trust yrself w/rocks?

lol

yeah, fair point.... so maybe just lots of cardboard boxes?

[Hey Bubu]

Originally Posted by PETA

oddly enough, these issues have historical precedents - go figure

They appear to be cycles in the system. Some of the issue that I have read about are:

The crashes are not done.

How long will it take for things to go back on the upswing?

Is the current economic model sustainable?

and as the saying goes: "Whereof one cannot speak, thereof one must be silent."

It looks like the safest solution is to hold on tight and clench ze 'ol buttcheeks.

[Tyler Durden]

In that case might as well put your money into something worth while and help Al Gore and the Universe grow stronger.

http://www.carbonplanet.com/shop/pur...carbon_credits

http://www.generationim.com/citizens...vironment.html

With Gore's help we could all learn to let go of our need for money and become better human beings and better citizens of the world.

[Hey Bubu]

Originally Posted by Tyler Durden

In that case might as well put your money into something worth while and help Al Gore and the Universe grow stronger.

http://www.carbonplanet.com/shop/pur...carbon_credits

http://www.generationim.com/citizens...vironment.html

With Gore's help we could all learn to let go of our need for money and become better human beings and better citizens of the world.

what sort of tax break do I get?

[Tyler Durden]

Originally Posted by Hey Bubu

what sort of tax break do I get?

If you're lucky maybe a small break in your tax liability but I was just kidding. Please don't buy into it. You'll just help make Gore a richer man.

If you're serious try this. I've been looking into it myself recently.

[Hey Bubu]

Originally Posted by Tyler Durden

If you're lucky maybe a small break in your tax liability but I was just kidding. Please don't buy into it. You'll just help make Gore a richer man.

If you're serious try this. I've been looking into it myself recently.

I was just fucking around; thanks for the link tough.

[PETA]

Originally Posted by Hey Bubu

They appear to be cycles in the system. Some of the issue that I have read about are:

The crashes are not done.

How long will it take for things to go back on the upswing?

Is the current economic model sustainable?

and as the saying goes: "Whereof one cannot speak, thereof one must be silent."

It looks like the safest solution is to hold on tight and clench ze 'ol buttcheeks.

you have not been reading the installments in David's opus.... pay attention my good man!

but, I do know land is not a commodity easily manufacuted. Food generally requires land for production. I have a farm. If the shit really hits the fan, hell, I can support my extended family on it. And we have lots of guns and ammo in case any of you city slicker types get wise and try sneaking up on us. Besides. Its fucking cold there 4 months of the year... a sufficient deterrent for most grasshopper types.