the best of the best

[lamboguy]

https://www.zerohedge.com/news/2024-...on-david-brady

[PalaceOfFortLarned]

Such amazing insight for people to admit Gold is on the rise.

And these clowns are gonna tell you how to make money?

[lamboguy]

Originally Posted by PalaceOfFortLarned

Such amazing insight for people to admit Gold is on the rise.

And these clowns are gonna tell you how to make money?

David Brady is not a Jonniecomelately, he's been doing this for quite some time.

[PalaceOfFortLarned]

Originally Posted by lamboguy

David Brady is not a Jonniecomelately, he's been doing this for quite some time.

So have I.

As the sole personal investor in my 401K, I've made very good and very bad decisions the past 30 years.

Maybe I should be giving out investment advice when none of these clowns truly has no clue about anything the market will ever do, but they sure do sound confident.

[PaceAdvantage]

YouTube

[PaceAdvantage]

Seems like a no-brainer to me...we're in earnings season too...and these 60-80pt drops in the S&P that we've seen lately can't be very reassuring...

How resilient do you really think the US economy is with all these underlying pressures at work?

[tucker6]

Originally Posted by PaceAdvantage

https://www.youtube.com/watch?v=2vsATe-T3wc

Odd that you posted that video. I received two emails overnight about an impending very large market drop. 20% drop was the good scenario.

Consumer credit availability is running dangerously low which will effect spending over time. Layoffs and recession follow. A deep one too. With debt being $34T, we don't have any manuverability to stop a fiscal disaster.

The housing market is locked in place with high interest rates and ever increasing home prices. The only people buying are doing so with cash.
Something's got to give. As each month goes by, the risk of 2008/09 housing recession looms larger. I see some saying year end, but it's hard to tell.


As I see it, a full recession is already baked into our future, and I'm not a pessimistic person. Just an economist.

[PaceAdvantage]

Originally Posted by tucker6

Odd that you posted that video.

It was the video from lamboguy's link

[JustRalph]

Originally Posted by tucker6

The housing market is locked in place with high interest rates and ever increasing home prices. The only people buying are doing so with cash.

Something's got to give. As each month goes by, the risk of 2008/09 housing recession looms larger. I see some saying year end, but it's hard to tell.


As I see it, a full recession is already baked into our future, and I'm not a pessimistic person. Just an economist.

Let me refer you back 18 months or so……

http://www.paceadvantage.com/forum/s...ht=Real+estate

Looks like I guessed too soon…….more coming?

http://www.paceadvantage.com/forum/s...9&postcount=27

Btw, I’ve been shopping for property for the last 3 years and here in Texas…prices are finally starting to drop a little.

I’ve seriously considered buying 3-4 properties that have fallen thru mostly due to governmental restrictions (Houston n Harris county) that are goofy as hell and I’m not going to buy too far out because the “neighbors” are undocumented and mostly idiots. I don’t want any property in Mexico and that’s what you are looking at when you get out of the cities around Houston.

I have employees who have begged me for years to buy an apartment building, but everybody around Houston that owns apartments hold on to them. The others over price them and brag about the “great profit” they are making. But none can answer me when I ask why they are selling if it’s so damn profitable. They over-price it and dream of cashing out.

Most of them on the market need a bunch of work and that’s what they are really running from.

[lamboguy]

Originally Posted by PalaceOfFortLarned

So have I.

As the sole personal investor in my 401K, I've made very good and very bad decisions the past 30 years.

Maybe I should be giving out investment advice when none of these clowns truly has no clue about anything the market will ever do, but they sure do sound confident.

keep up the good work

[tucker6]

Originally Posted by JustRalph

Let me refer you back 18 months or so……

http://www.paceadvantage.com/forum/s...ht=Real+estate

Looks like I guessed too soon…….more coming?

http://www.paceadvantage.com/forum/s...9&postcount=27

Btw, I’ve been shopping for property for the last 3 years and here in Texas…prices are finally starting to drop a little.

I’ve seriously considered buying 3-4 properties that have fallen thru mostly due to governmental restrictions (Houston n Harris county) that are goofy as hell and I’m not going to buy too far out because the “neighbors” are undocumented and mostly idiots. I don’t want any property in Mexico and that’s what you are looking at when you get out of the cities around Houston.

I have employees who have begged me for years to buy an apartment building, but everybody around Houston that owns apartments hold on to them. The others over price them and brag about the “great profit” they are making. But none can answer me when I ask why they are selling if it’s so damn profitable. They over-price it and dream of cashing out.

Most of them on the market need a bunch of work and that’s what they are really running from.

You talking section 8 housing apartment building? I've thought about it but I don't need that headache at 60. Many of my employees are section 8 and I wouldn't want to be their landlord. The numbers probably look real nice but the reality probably is that it's a real pain in the ass.

[JustRalph]

Originally Posted by tucker6

You talking section 8 housing apartment building? I've thought about it but I don't need that headache at 60. Many of my employees are section 8 and I wouldn't want to be their landlord. The numbers probably look real nice but the reality probably is that it's a real pain in the ass.

Nope. I wouldn’t do Sec 8. I’m talking 4-10 units.

Texas is crazy though. Ever since the Permian basis gold/oil strike you rarely get the mineral rights when you buy a property.

Everybody thinks they will someday find oil under their property and mailbox money will be coming………

[lamboguy]

Originally Posted by JustRalph

Nope. I wouldn’t do Sec 8. I’m talking 4-10 units.

Texas is crazy though. Ever since the Permian basis gold/oil strike you rarely get the mineral rights when you buy a property.

Everybody thinks they will someday find oil under their property and mailbox money will be coming………

from my experience, the best tenants are traveling nurses. they come with a 13 week contract and they usually extend those contracts for another 13 weeks or more. they work 12 hour days and are to tried to damage your property. you can break up your units and rent them to multiple nurses as well. you advertise over this platform called Furnished Finders. it cost $60 a year to list there. you will have a lot of flexibility with your units. in most cases you won't be regulated by any rent control or affordable housing authorities. they need those nurses in the hospitals. you can also find other tenants on that platform.

[lamboguy]

in Shang-Hai, they are already selling silver for $4 an ounce more than in Western Countries. in my opinion, China makes the market in precious metals.
they gonna need plenty of silver for other things than just a monetary metal.
my old pal here, Replay Randall must be creaming in his pants now, he loves silver.

https://thesilverindustry.substack.c...-from-stacking

[JustRalph]

Originally Posted by lamboguy

from my experience, the best tenants are traveling nurses. they come with a 13 week contract and they usually extend those contracts for another 13 weeks or more. they work 12 hour days and are to tried to damage your property. you can break up your units and rent them to multiple nurses as well. you advertise over this platform called Furnished Finders. it cost $60 a year to list there. you will have a lot of flexibility with your units. in most cases you won't be regulated by any rent control or affordable housing authorities. they need those nurses in the hospitals. you can also find other tenants on that platform.

Great tip! Thanks!