Instead of addressing the problem we could just come up with a rainbow of monetary terror levels.
HAH!! That made my afternoon SWGB. TX....
Maybe we can use this as a guide:
![kibblesmith_terror_alert.jpg](http://www.kibblesmith.com/art/images/kibblesmith_terror_alert.jpg)
Instead of addressing the problem we could just come up with a rainbow of monetary terror levels.
HAH!! That made my afternoon SWGB. TX....
Originally Posted by TheSheep![]()
Two words:
Buy REIT.
As always, depends on the REIT. Historicallically, REIT's asset value eithr do not depreciate or do not depreciate at any relative rate to real estate market itself. In a period of economic fukkupedness REITs tend to be more stable take an office building oriented REIT. Even the totallyfukkedupedness corporation will pay rent as priority.
REIT properties are often purchased as income stable properties and have longevity in track record. They are also typically diversified i.e. office properties spread geometrigraphically, ya' know, um, like, all over the place.![]()
Each REIT is individualistically individualbut they almost always outperform the individual, collected investments in investor properties when the country has been Bushsodomized.
NEWS FLASH !!
Supporting and compelling evidences, Dear Pirate, of your claims and mine.
http://www.forbes.com/feeds/ap/2008/10/06/ap5513222.html
Immoral of the Story
Buy Right REIT who ain't doin' nuthin' except sitting on REIT hoofs.
My I.R.A now looks like a chitlin with the shiot slung out of it. It couldn't provide lunch money for an anorexic mummy.
Buy the REIT stock that produces income from established properties and not from REITs who are highly leveraged. Or follow the yellow bricked URL.I have to admit I have no idea what the hell you mean but it is entertaining.![]()
It's amazing that we never seem to learn. I remember when people were joyfully piling their life savings into Double Click, Infospace, Pets.com, and any other hairbrained dotcom that was hatched. After that crash, it seems that we would have understood where manias lead.
Not too many years later, I remember people who were quitting their jobs to become real estate investors, not paying attention to the fact that we had more $million condos and homes than millionaires who wanted them. I bought a lot, and sold it a year to the day later and it nearly trippled. Unfortunately, I used the proceeds to by a lot that is pretty close to worthless, but it was "the house's" money that I was playing with. So, I ended up back where I started, which I guess is better than many.
I have learned that when these inevitable busts occur, I have to economize even more, which is hard considering that I don't spend much, try to squeeze out more money to invest rather than giving up, and remind myself that money, although important cannot be the source of happiness. It sometimes goes away.
Seriously, good luck to all of you in weathering this. I don't find any joy in watching others suffer, with the exception of thieving politicians and executives who go to jail, however rarely it occurs.