Article

2021-06-27 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2021-06-27 07:20|| || Front Page|| [7 views ] Top

#1 Adam Smith says its the invisible hand telling you to go live elsewhere.

$995 a month in taxes

You don't own it, you lease it from the government.

Posted by Procopius2k 2021-06-27 07:33|| 2021-06-27 07:33|| Front Page Top

#2 The land prices locally are insane: Everybody is Buying and Nobody is selling. We (finally) called a Realtor at 0900 and had two (2) firm offers by Noon.

How much of this is "inflation hedging"?

Posted by magpie 2021-06-27 09:44|| 2021-06-27 09:44|| Front Page Top

#3 I heard on the radio the other day that the usual suspects, speculators, have shifting into property. Buying it like stocks. No intentions of living there. Not even flipping in the quick repair/upgrade sense. It'll collapse like they all do and we'll be stuck with paying for it one way or another.

Posted by Procopius2k 2021-06-27 11:29|| 2021-06-27 11:29|| Front Page Top

#4 ^ Michael Burry calls this the Mother of all Investment Bubbles now (crypto, meme stocks, real estate, Tesla etc)

Bitcoin owners are levered at 100:1.

For comparison, Dick Fuld levered up Lehman Bros. to 44:1
just before the crash in 2008

Brace for impact

Posted by Themp Glesh1785 2021-06-27 11:46|| 2021-06-27 11:46|| Front Page Top

#5 "Past performance is no guarantee..."

Posted by Frank G 2021-06-27 12:07|| 2021-06-27 12:07|| Front Page Top

23:15 Dron66046
22:51 Rudyard the etc3704
22:03 Ebbomoger Speaking for Boskone4589
21:39 SteveS
21:34 SteveS
21:22 Chuckles Glaper1465
21:22 Chuckles Glaper1465
21:12 Old Patriot
21:10 magpie
21:08 Ebbomoger Speaking for Boskone4589
21:08 Rambler in Virginia
20:33 CrazyFool
20:10 Jiggs Trotsky5854
20:08 Jiggs Trotsky5854
19:51 These Forkbeard7574
19:40 Unosh Hupinelet8756
18:45 Lord Garth
18:34 Ebbomoger Speaking for Boskone4589
18:04 Xyz
18:03 Xyz
17:55 Xyz
17:44 trailing wife
17:29 trailing wife
17:28 Rudyard the Unfortunately Complexioned9615