Wind Gypsy
5 year old buck +
Haven’t decided if that is good or bad yet.. Prices are getting insane but I have benefitted from it.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
SD51555
5 year old buck +
I think the benefactors of fed policy are about to switch places with the victims of fed policy.
4wanderingeyes
5 year old buck +
I have an adjustable building mortgage right now, I hope the interest rates dont go to high. I dont owe much on it, but I had some plans to finish up a project this summer, and was planning on taking out a little more from the loan to get it completed.
When I took it out this winter, I wasnt concerned about the adjustable interest rates, now I am wondering if I should just close it, and lock it in at whatever rates are today, or let it ride? We are only talking $25,000 ish total, after I finish my projects.
When I took it out this winter, I wasnt concerned about the adjustable interest rates, now I am wondering if I should just close it, and lock it in at whatever rates are today, or let it ride? We are only talking $25,000 ish total, after I finish my projects.
Hoytvectrix
5 year old buck +
Talk with the loan officer. They should be able to tell you if the fees with changing your terms would be cheaper than the extra interest needed to be paid. Of course, no one knows what interest rates are going to be.
I have been trying to buy some land and I am stressing about what these rates are going to look like.
SD51555
5 year old buck +
I wouldn't be so worried about rates. Low rates haven't done anyone any favors, other than those who already had stuff and weren't striving for any more. If your buying power is getting clipped by rates, so is everyone else's. What you should be rooting for is a change in sentiment, the kind of environment where nobody even shows up to an auction, calls on a listing, and outright mocks anyone buying.
The 37 year bull market in assets could be coming to an abrupt end and the leverage class could find themselves on the wrong side of a mountain of negative equity, the kind of swing that obliterates one's net worth overnight. I don't have hate in my heart, but this cannot continue. I'd rather pay a high interest rate and a reasonable price, than a low interest rate and stupidly high price. Certainly wouldn't have to worry so much about what to do with billions of peasants later this year tearing up cities worldwide cause they are hungry.
b116757
5 year old buck +
I wrote a check yesterday for $109,000 to pay off a note I was holding. Glad to be done with it. Bought two properties in 2018 and do to current market valuation and a fire, I sold one of them made enough to pay off both and own the second free and clear even ended up with a little walking around money after the sale. Not a bad 4 year ROI.
Wind Gypsy
5 year old buck +
Seems like something worth worrying about! Vacant land interest rates are quite a bit higher aren't they? And far as I know you don't get to deduct the interest.
b116757
5 year old buck +
You can if your making income from the property.
Hoytvectrix
5 year old buck +
"Be fearful when others are greedy and greedy when others are fearful."
Fortunately, the land I have been trying to buy are not on the market yet and I have been getting inside scoops on the land. I am worried about interest rates from a payoff period's perspective.
Wind Gypsy
5 year old buck +
I don’t hold much for individual stocks but I bought Verizon as a dividend stock about 10 years ago and still holding.
S.T.Fanatic
5 year old buck +
We do the individual stock thing and most of them pay out dividends.
I have AT&T, Kraft, OGS, and IRM. Iron MT been very kind to me. Just bought AT&T recently hoping they are at their low. Kraft hasnt been too bad, either
jsasker007
5 year old buck +
Just throwing it out there---GBS is just over a dollar now with a price target of $8 if anyone is interested.
bwoods11
5 year old buck +
Tell me more about it ??
Bowsnbucks
5 year old buck +
Kinda reminds one of the CORPORATE buyouts of family farms around the country. Hmmm ........ take 2 human needs of NECESSITY - food and shelter - and "corporatize" them. Buy up everything (or as much as possible) in land and housing .......... and then after raising prices of said items .......... blame a politician. God bless our younger generations ......... when profiteering is the only focus of the corporate ELITE. How much is enough???
Bible verse ??? - "Thou shalt make as much money as possible using any & all means, with no regard for the needs & necessities of others, or the health of the planet. Gouge, baby, gouge. Pad that bottom line to the MAX. Every year MUST be another record year. Blame others for your greed and misdeeds."
I've never seen a Bible verse anywhere remotely close to even the premise of the above.
Bill
Administrator
I believe most of the entry level homes being bought in Florida right now are corporations gobbling them up to rent. I don't see it as a good long term investment unless housing prices never stagnate. Who is going to take care of or care about corporate housing? Ask the government how government house has worked for them. The only thing the gov's got going is they don't have stock holders.
Hey but what do I know....they may be on to something.
Hey but what do I know....they may be on to something.
Bowsnbucks
5 year old buck +
I apologize, gentlemen, for my above post #1858 - the way I worded it. I should have said I pray that we should all turn away from greed. As an investor myself, I look for some return on my investment. But not so much that others have to suffer lack of necessities to get it. It makes me sad that so many people have so little - or nothing - and struggle every day even though they work.
If I sounded self-righteous at #1858 - I'm sorry. I need to keep my own affairs in order.
If I sounded self-righteous at #1858 - I'm sorry. I need to keep my own affairs in order.
