Question: >> RE: California is headed for a massive real estate crash >> in the next 12 months and it’s inevitable. >> Remember to ask yourself this question about those who say >> there’s no real estate bubble: What’s their bias? The only >> people who are denying the obvious are those who stand to >> profit from it, real estate agents, lenders, title companies, >> and anybody who’s so leveraged that any small decline in >> property value will destroy them. > > So what do you recommend? That people put their money into > stocks and mutual funds instead of real estate? I have heard > that one before, from brokers and mutual fund salespeople. > Back in about 1998 just before the crash.
Answer: Dunno what the original poster might have to say about it, but that is for sure *NOT* what you’re going to hear from this old stock trader who is looking at real estate *after* the crash as a possible application for money no longer desired in the rigged and manipulated (too) hyperinflated and in many cases de facto bankrupt market for stocks. Along with stealing more than 85% of the rightful interest income of savers and investors, so as to create the real estate bubble that Anonymous Banker was talking about, pushing rates down to the point that is outright theft of -1.2% per annum of the *capital* involved on CDs and the like these days, Greedspan has done some other negative things. Such as encouraging and facilitating the criminal theft of all or more than all of the equity out of hundreds of publicly owned market traded stocks so that they are de facto bankrupt shells of their former selves via the euphemistically described fraud of “stock buybacks” at ludicrous multiples of net tangible equity, when any equity remains at all. Talk mutual funds and you’re talking about piles of worthless trash paper run by people participating in the (there it is criminal even if not yet so in the real estate market and even if none of the laws are being enforced these days against criminals) manipulation of stock prices to ludicrous levels all the while underlying values are being gutted and looted. No, stocks and mutual funds are not currently an alternative to real estate. Neither is that silly yellow stuff that the gulled buggeroos are perenially and perpetually hyping (they call it goaled or some such nonsense but it’s total fiction already priced radically above any economic value). You might consider good old Choices And Stupendous Hagglepower (cash) for awhile. Sometimes it’s a sensible thing to hold when everything else is totally beyond the pale. Just don’t keep the stuff in (shudder) banks, the majority of which are bankrupt shells just waiting for Fuzzy Dick and Fuzzy Slick to bail them out of the massive amounts of already bad loans they’ve got on their books, some dating all the way back to the Internet Mania swindles. They’re also susceptible to that criminal theft mechanism ACH by which any criminal anywhere can vacate any account balance without notice knowing nothing more than your account number, also a result of the criminal violations of Articles IV and V of the U.S. Constitution by his British Lordship the criminal mastermind Greedspan. So banks are out as practical places to keep cash. Might try deposits in financials which are *not* part of the ACH theft system along with somewhat more than your usual amount of plain old currency. Dunno how much sense of history you have, but all of the game plan implemented by Greedspan since 1987, when he was appointed by Raygun/Bush, was originally designed for the creation of Great Depression I. It’s en route to creating Great Depression II, of which the details enumerated are only symptoms.
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