Nobody's Jumping Out Of Buildings, I Hope

Discussion in 'Blazers OT Forum' started by ABM, Sep 15, 2008.

  1. ABM

    ABM Happily Married In Music City, USA!

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    Conversely, I hope you are able to take advantage of some timely investment opportunities out there.

    Me? I'm a small-timer with a basic 401k who strongly believes in dollar cost averaging in times such as this. :pimp:
     
  2. CelticKing

    CelticKing The Green Monster

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    401k is always a good choice. You gotta start early and stick with it.
     
  3. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    There's some good values out there.
     
  4. MARIS61

    MARIS61 Real American

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    Never touch stocks individually.

    Most of my wealth is from, and in, Real Estate, down here in Beautiful Central Oregon.
     
  5. Tortimer

    Tortimer Well-Known Member

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    Glad to see you posting on S2 MARIS61.
     
  6. MARIS61

    MARIS61 Real American

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    It's like some Bizarro World here with all these BBF'ers.

    If only we had Dan as a Mod here...:tsktsk:
     
  7. Cake

    Cake Member

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    That would be...something.
     
  8. Tortimer

    Tortimer Well-Known Member

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    As long as he is only a poster and not a mod it would be ok. j/k :lol:
     
  9. e_blazer

    e_blazer Rip City Fan

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    So you're only down 20-25% or so from Summer of 2007. Better than a lot of the stockmarket.
     
  10. maxiep

    maxiep RIP Dr. Jack

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    This period represents a tremendous opportunity. There's so much uncertainty in the market, there's a massive overreaction. People are going to make a lot of money because they were able to cut through the static.
     
  11. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    I actually like the idea of dollar cost averaging in the real estate market right now. The leverage aspect of the investment is terrific, as long as you can find renters. $10K down on a $100K property that goes up 5% in value in a year is a 50% return.

    Just like stocks, the prices are low, probably getting lower, but it's super hard to time the actual bottom.
     
  12. maxiep

    maxiep RIP Dr. Jack

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    With the inevitable credit tightening you'll see in the aftermath of the re-regulation of the financial markets, there are going to be many more renters of residential properties. We've already seen downward movement of cap rates in multifamily properties.
     
  13. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    The banks also need to liquidate their inventory of homes. They're selling cheap, and you'd think they'd finance the deals if they make money on them.
     
  14. MARIS61

    MARIS61 Real American

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    9 years later, prices are back to 2007 levels here in Beautiful Central Oregon.
     
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  15. Sedatedfork

    Sedatedfork Rip City Rhapsody

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    We bought our first home in Portland in September 2006 with like 3% down. Of course we were one of those people that continued to pay our mortgage despite our home being under water. I moved to Seattle in 2010 for work and we rented our house out. We were finally able to sell it this past Spring and actually made some money on it. Good thing we bought in Seattle in 2014. Prices were absolutely crazy this summer.
     
  16. rasheedfan2005

    rasheedfan2005 Well-Known Member

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    i was surprised when i moved down here. Oregon prices are outrageous for homes. I bought my 3 bedroom 2 bath for 82k 0 down FHA loan cause almost the entire county is third world. I couldnt even imagine buying a home in Bend as a single male.
     
  17. PDXFonz

    PDXFonz I’m listening

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    THANKS OBAMA
     

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