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Anyone who bought real estate recently could be in deep doo doo. My son bought a starter house in traditionally low price area. Paid double of what it sold for 10 year ago. I worry about him.
Stock market crash is imminent!
- Thread starter Proud Prepper
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Brent S
Top Poster
It has been a great year for investing either in stocks or real estate. But I do think the huge increases are on shaky ground now. When will it have a correction and how much is anyone’s guess. I wish I did have a crystal ball. I’m retired now so investing isn’t at the top of my list anymore. But I’m wise enough to say if I see something that looks good I would consider it. I believe crypto will still make money for some but feel it’s past it’s novelty phase and won’t be the billionaire maker it was anymore. Real estate is over priced just about everywhere across the country too. Even with the stock market being so high I think if you carefully pick your stocks to limit risk it’s still about the best thing out there currently. Bonds and bank interest are laughable right now and not worth considering. But there are always new things popping up so keep your eyes open for opportunities.
Helen Back
A True Doomsday Prepper
I think what most of us have now will be worth fortunes as the world's situation becomes more dire. As people FINALLY realize they need to get out of the cities, anyone with some land for gardening, fruit trees, firewood, well and septic, and good neighbors with guns, will be able to name their price. Throw in a fence, a dead end road, and over 5 miles off the hwy system and you will have the most sought after property. Of course, if you sell, where you going to go?
You never sell it! You bring family and close friends and work together to build a better, safer and more God Centered life for your children and grand babies. Just saw where Jack Posobiec tweeted…Get Out Of The Cities! Wonder what he knows? He is ex CIA I believe.
Feeling very Blessed to be in a location with criteria you named.
Property used to be great to own here but our taxes have gotten so high here you cant afford it anymore!!!!
Arcticdude
Top Poster
Mostly when I'm talking about real-estate I'm referring to ranch land and/or timber lands where you can get an AG or timber exemption on your real estate taxes. Our ranch for example has a very high valuation, but our property taxes are way less than for a simple house in town.
I believe that any property should be large enough to provide some income and a way to be self sufficient.
My husband and I were friends with wonderful gentleman who owned a very unique restaurant in Buckhead (Dante’s Down the Hatch). It was a ship with real alligators in the moat. Inside there were private “cabins” we loved to eat in! Anyway, he had to sell the place because of high taxes.
He passed away last year from cancer.
When he sold his business he split his wealth with his employees!!wish our area would do that, we have VERY corrupt polititions here!!!
I inherited a lot of old family land that has been in our family for ages that i am not going to be able to keep due to taxes,
Arctic is right. If you can’t do timber exemption, look on line for what you can get an exemption for. It really isn’t that hard to do, at least in my state.
Jayson
A True Doomsday Prepper
Corrupt-politicians is an oxymoron.
Can you get a homestead exemption?
I’m sure you probably looked into that already though. That’s just ridiculous, I’m sorry- thieving government.
Exactly. Or like the predictors of "climate change" who have been predicting doom for 100 years.
Helen Back
A True Doomsday Prepper
Oh yes , have looked at every possibility, have original homeplace up for sale now,
Mountain Dragon
A True Doomsday Prepper
I don't know when, but i'm sure the next stock market crash will come. And i'm thinking it would be worse than 1929.
The people gone just incredible greedy about fast money. It seems to me like drug junkies who are running behind the next shot of big cash, unscrupulous, antisocial and going beyond the call of duty.
Before, the stock markt followed the tendences and facts of real life economy and situations, share prices of a company followed the (more or less) value and outlooks. In the last few years everything changed, so i think. If Musk poops the share are raising to the moon, if it was diarrhea the shares fall into a deep hole - no matter how good or bad an company works, just as an example.
I think every Las Vegas Casino playtable is closer to the reality than the stock market.
I won't be sure the "to-big-to-fail" policy will work for ever. The stock market is nothing else than an playground for greedy people to cheat and rob other peoples money. This won't work forever. As every construction of lies and betray this one will have an deep fall too, the landing will come without warning, hard and over night i bet.
Maybe i'm thinking in the wrong direction, but as ths day this overrated stock market falls our economy and society will die too.
The people gone just incredible greedy about fast money. It seems to me like drug junkies who are running behind the next shot of big cash, unscrupulous, antisocial and going beyond the call of duty.
Before, the stock markt followed the tendences and facts of real life economy and situations, share prices of a company followed the (more or less) value and outlooks. In the last few years everything changed, so i think. If Musk poops the share are raising to the moon, if it was diarrhea the shares fall into a deep hole - no matter how good or bad an company works, just as an example.
I think every Las Vegas Casino playtable is closer to the reality than the stock market.
I won't be sure the "to-big-to-fail" policy will work for ever. The stock market is nothing else than an playground for greedy people to cheat and rob other peoples money. This won't work forever. As every construction of lies and betray this one will have an deep fall too, the landing will come without warning, hard and over night i bet.
Maybe i'm thinking in the wrong direction, but as ths day this overrated stock market falls our economy and society will die too.
Well Oct 4 has come and gone, and its now 8th Nov when the second collapse was promised to happen. This BS fear mongering and prophesing does our community great harm and gets preppers tarred with the same brush as the religious fruitcakes promising the tribulation or what ever its called. Please guys give calculated and concerned advice from your personal opinion, but stop THE SKY IS FALLING on XXXX date it does our reputation no good.
I think some just want everything to crash and it’s hopeful thinking.
Why, I have no idea.
Arcticdude
Top Poster
I think we'll survive Biden and the communist party. Sure, I'd rather see Biden laying in state rather than in the WH.
Other than the stock market or real estate, where else could we put our money and earn a return? Even when the stock prices drop, I still earn a good return on dividends. Far better than bonds, CD's, money market, or bank accounts.
If/when the market drops we'll all have great buying opportunities to look forward to. Even during the last great depression a lot of people came out it very well off. No matter what happens there are always ways of making money.
Other than the stock market or real estate, where else could we put our money and earn a return? Even when the stock prices drop, I still earn a good return on dividends. Far better than bonds, CD's, money market, or bank accounts.
If/when the market drops we'll all have great buying opportunities to look forward to. Even during the last great depression a lot of people came out it very well off. No matter what happens there are always ways of making money.
