"I'm sick of stocks, it's time for real estate investing"
Started by steveF
about 17 years ago
Posts: 2319
Member since: Mar 2008
Discussion about
I can't take it anymore!! I need an investment where I can't watch it every second!! I need something with less volatility and will build wealth and no more panic and fear!!!!!!!!!!!!!!!!!!!......where is the best place to invest??" "hmmm, ya, manhattan."...you know they're thinking it........I luv messing with you doom and gloom, hope for the worst, bears.
Totally! You go, girl!
May I suggest CDs, money market accounts and T-Bills. You won't get rich but it will grow in value in a period where cash is king & buying power seems to increase on a daily basis.
Welcome to the new reality, deflationary spiral. Not much works unless you're liquid.b
I agree - short the real estate market. Easy money.
Hey, if something with solid and guaranteed returns is what you need, cool.
Unfortunately for RE, those solid and guaranteed returns are negative...
Buy a good violin, cello, viola or piano.
HOW DID I KNOW IT WOULD BE A STEVEf POST?!
You think SteveF is rufus? Quoting himself?
;-)
rotfl
remember, steve F last week told us he's selling out of RE to buy stocks.
Nice job, buy high, sell low steveF!
What the hell does real estate have to do with stocks?
By the way, someone should link to SteveF's post where he says how he is selling RE to invest in stocks. MORE IMPORTANTLY: last guy to tell us about his stock investments was Spunky. Not many of you may remember him, but he was the biggest real estate bull at the TOP of the market (so insane he got kicked off) and then told us all about his Long Term Stock Investments once the market started to sell off a little: Citi and Merrill I recall. I personally called him out as being the biggest dbag in the city and how great it would be to actually watch him get destroyed. Unfortunately he got kicked off this site long before the bottom. SteveF may just be Spunky.
Actually, I recall that last statement. SteveF is Spunky.
I just got an email alert to go all cash(already was there) from Dan Sullivan. And after 3 years of waiting for housing to come down I just started looking to purchase. SteveF your market timing compass does seem a wee bit off (:
Things are getting a bit dicey out there.
If there's no risk in investing, then it's not called 'investing'.
Junk bond yields continue to hold up. It hasn't even broke the January lows yet.
http://finance.yahoo.com/q/bc?s=SHIAX&t=2y&l=on&z=m&q=l&c=
Now ask your self this? If things are 'deteriorating', then why are the crap of craps out there still holding up? Things that make you go...hmmm.............
Predictable appreciation. Little or no carrying / maintenance costs. Ease / cost of transaction. Uh huh - real estate, a great investment. Unless you are talking REITs - but that ain't sexy enough.
http://fridayinvegas.blogspot.com/2010/05/history-repeats-itself.html
As long as the housing one purchases is thought of as an "investment" to be made money from rather than a "home" to live in, RE will never drop down to reasonable prices. Pity.
> If there's no risk in investing, then it's not called 'investing'.
Sure... but chasing performance, as Steve has done, is lousy investment. He told everyone to buy RE before we tanked 20-25% Then that goes south for him, and he says he's selling to buy stocks... AFTER he misses the 70% runup.
hee hee ha ha
nice job steveF! selling stocks and moving into Manhattan RE at the exact worst time!
WHOOPS.
stevef: Do you worry, like that dog about his bone in the Travelers Insurance commercial?
What iceberg?
full steam ahead!
>hee hee ha ha
Did you just respond to your last post 8 months ago with that?
huntersburg:
I'm just joking with stevef.
Hasn't somewhereelse posted on SE in the previous 8 months?
Maybe not on this thread - but somewhereelse has posted comments.
He and stevef go at it, until stevef starts a new discussion: calling for somewherelse to be banned from SE.
Yeah, its pretty funny, SteveF and bjw had a thread calling for me to be banned, and then go off an exhibit the exact behavior they complain about.
SteveF called me a c*nt about a week ago... and then has tried to call out various people by name on threads.
Wonder when he's going to start the thread asking to have himself banned.
somewhereelse: I didn't see that comment. I've been out of town.
I think that "ban swe." thread was started by stevef. I didn't see it started by bjw (unless I missed it).
stevef can't go the distance with you.
Like that dog with his bone: What to do with it? Bring it to the bank, stash it in the safe deposit box. Then have nightmares about the bone, go get it out of the bank, and bring it home... hide it under the bed/matress/ cushion/doggie-bed?
Yeah, SteveF started it, and then the two of them paired up.
> stevef can't go the distance with you.
Well, we all know that, but he keeps trying. Is he delusional? Or does he like the pain?
I don't know, swe.
But at least bjw didn't start a discussion about banning you, he just joined in.
Truth, you and MidtownerEast should gang up on swe.
I want nothing to do with MidtownerEast. I don't join in to gang up with anybody else on here.
But, just to make ya happy:
SOMEWHEREELSE: YOU ARE A CENT! A PENNY! LOL!!!
"Don't follow leaders,
watch your parking meters..." ( B.Dylan )
>I want nothing to do with MidtownerEast. I don't join in to gang up with anybody else on here.
Very well then, my apologies to you.
> But at least bjw didn't start a discussion about banning you, he just joined in.
Is that much better?
> SOMEWHEREELSE: YOU ARE A CENT! A PENNY! LOL!!!
Truth, I'm confused...
No apology needed, huntersburg. No offense taken.
I rarely agree with the incessant lyric-quoting, gibberish-talking Truth, but I can agree that I want nothing to do with him/her/it.
Wbottom?
huntersburg: There you go, case in point. Directly from "it".
Who wants nothing to do with me, and comes on here, in a minute to let you know that.
>Directly from "it".
The use of "it" is always a good insult. Not as good as calling someone an "ass" but still it ranks up there.
Is that like "Tag, you're IT"?
Good Lord, you guys can really run with idiotic things. I wrote "it" because I don't know if Wbottom is a him or her. No insult intended. From what I have read, I agree with Wbottom on a lot of things.
"Yeah, its pretty funny, SteveF and bjw had a thread calling for me to be banned, and then go off an exhibit the exact behavior they complain about."
Sorry, swe, but you're just a goddamn liar here. I explicitly called for you NOT to be banned. In fact, I only posted twice on that entire thread, and only once in reference to you:
"Wow. As someone who's received more than their fair share of bs from swe (who yes, also has appeared as EddieWilson and nyc10022), add me to the list of people who think he should definitely not be banned. Other posters past and present have the same shtick (and I would NOT qualify it as "intimidation" - that's a bit much, no?), and despite the highly arrogant writing style and (imho) extremely liberal interpretation of data and facts, nothing merits removal. I could do without some of the insults, but I've seen worse on here."
How atypical of you to lie and distort, Eddie.
"Yeah, SteveF started it, and then the two of them paired up."
Hilarious. And wrong again.
knock it off!!
swe, nothing to add?
bj--your history of pontificating about proper board behavior is fine comedy
you and your sneaky pompoms
and fringy boots
Wbottom, you're a bit obsessed with me. It's getting a bit creepy. Go ahead, call me a "bull" or whatever other delusions you may have...
> bj--your history of pontificating about proper board behavior is fine comedy
or tragedy.
sad.
swe, whatever you want to call it - but you can't even fess up when someone calls you out on one of your blatant lies (as in this thread), let alone when you're just plain wrong about something (as with aboutready most recently). That's what's sad.
Crickets...
That's cricket!!!
These crickets are deafening. This is still amazing:
swe: "Yeah, its pretty funny, SteveF and bjw had a thread calling for me to be banned, and then go off an exhibit the exact behavior they complain about."
me (in that exact thread): "add me to the list of people who think he should definitely not be banned"
Sad is right.
swe: It was a joke.
Did you really think I wrote that to insult you?!
Read it again, in that light; and you won't be confused.
Like, hey: bjw: you are a brass farthing.
I don't think bjw will be insulted. Just a joke. Like "That's cricket".Cricket matches go on for days. Get it?
huntersburg: calling somebody an "it" isn't much of an insult. You and I both get that.
> Did you really think I wrote that to insult you?!
No, not at all... just didn't know what you meant.
It's all good.
Truth, no harm in that. As for the cricket match, this one is actually over - the crickets have spoken.
> bj--your history of pontificating about proper board behavior is fine comedy
I'll add in just the sheer amount of time bjw spends being obsessed with me. Tough to find a thread without it, no matter how long he's been on ignore....
"I'll add in just the sheer amount of time bjw spends being obsessed with me. Tough to find a thread without it, no matter how long he's been on ignore...."
swe, this is hilarious. YOU brought my name up in this thread! And I'm obsessed? What a hypocritical liar.
"no matter how long he's been on ignore...."
It's great you're "ignoring" me but then again, maybe you're changing the definition of that word if you're spending so much time talking about me. Great stuff!
"ericho75
about 8 months ago
ignore this person
report abuse
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Things are getting a bit dicey out there.
If there's no risk in investing, then it's not called 'investing'.
Junk bond yields continue to hold up. It hasn't even broke the January lows yet.
http://finance.yahoo.com/q/bc?s=SHIAX&t=2y&l=on&z=m&q=l&c=
Now ask your self this? If things are 'deteriorating', then why are the crap of craps out there still holding up? Things that make you go...hmmm............."
Again, did i nail this sh!t or what?
What are junk bonds saying right now?
http://finance.yahoo.com/echarts?s=SHIAX+Interactive#chart4:symbol=shiax;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Another new high recently.
This rally is getting a bit long in the tooth.
Dow 20 points from 12K.
> Again, did i nail this sh!t or what?
Eh. 8 months? That's all you got... 8 months? Sounds like you missed the real opportunity.
"nyc10022
about 2 years ago
SSO... double long S&P.
We're talking about buying opportunity of the decade. And, hey, if I'm wrong, it doesn't matter... money won't be worth anything anyway."
;-)
It seems a bit reckless to be thinking about your long-term residence in perspective of the double long S&P.
somewhereelse: All good, now that you get the joke.
I have never posted a comment against you, swe. You know that.
I was posting a comment, it was in response to hunter's comment. We were both pointing out response, as satire: What constitutes an insult/ diss on SE?
Not much.
But, I did not intend to insult you, nor bjw, nor stevef.
Who cares how much time is spent, and comments are posted? If you feel the comments are against you? Read 'em, and you will see that mine are not.
I'm not against you, swe.
This is streeteasy.
bjw: I always say: So, what? Who cares?!
I don't care who is on SE , posting against me.
It does not add up to a brass farthing. LOL!!!
Truth, it's all a good bit of fun. There is a part of me that gets a big kick out of zinging people who take themselves WAY too seriously (swe clearly being right up there with the best of 'em), and he's kind of the gift that keeps on giving, what with the lies, hypocrisy, and nervous/sweaty panting. But you're right, in the end, it's all just yesterday's papers, and nobody wants that (knowing your background, I trust you'll get the reference!). Cheers!
That's good, bjw.
It seems to be a competitive "guy thing"
.
Like cricket.
It can go on for days.
Cheers!
Truth, probably even longer than that. We can be pretty stubborn.
Gak. Think I just threw up a little in my mouth.
>Gak. Think I just threw up a little in my mouth.
I forget, was your position that you are a man or a woman?
Sorry, once again I confused you and Wbottom.
No excuse.
Truth, relax... its all good. No sweat. I never thought you said anything bad about me.
All good, dude.
> It can go on for days.
Days, ha. With BJW, its years....
;-)
"It seems a bit reckless to be thinking about your long-term residence in perspective of the double long S&P."
Not any more reckless (and in fact significantly less reckless) than buying an "investment" you can't really afford on 5x or 10x leverage.
The OP specifically said "where to invest".... and happens to be someone who has already claimed to have bought apartments he wasn't living in.
So, the comparison is more than fair.
"Days, ha. With BJW, its years...."
Still ignoring me, huh? Sad.
>Not any more reckless (and in fact significantly less reckless) than buying an "investment" you can't really afford on 5x or 10x leverage.
The contest shouldn't be one sponsored by Johnny Knoxville
swe: the double-dip has begun... It's on the news, on Yahoo.
I just won that few quid. (I don't recall the thread).
I would share it with ya...
I remember.... yes you did. Manhattan RE continues to be a bad bet.
Insert here self-congratulation by Truth, along with nonsensical quotation of old fart musicians' lyrics.
Midtowner, some old farts made great music. I have to wonder what's on your iPod?
Okay, you are right; I do have a significant amount of OF on my iPod. I was just thinking about Dylan. It has nothing to do with his age, just lack of singing/writing ability.
bjw: Who cares what that dimwit posts?
She's just trying to stir up a fight.
Bob Dylan isn't up to her standards?!
swe: It was your discussion, not mine. The congrats go to you.
Nope, he sucks. As does your incessant and ridiculous posting of music lyrics (which gives you the chance to brag about all the rockers you supposedly have hung out with) and sucking up to certain posters (oh, Spinny!). As tired an act as your hero Dylan.
Like I said: Who cares?!
bjw: Don't fall for it. She's on here, trolling for a fight.
I'm off for the night.
She won't get one from me.
Bob Dylan sucks?!
No music lyrics here.
truth, sweetness and light, i'm not midtownereast.
sleep well, don't let the bedbugs bite.
>MidtownerEast
6 minutes ago
ignore this person
report abuse Nope, he sucks. As does your incessant and ridiculous posting of music lyrics (which gives you the chance to brag about all the rockers you supposedly have hung out with) and sucking up to certain posters (oh, Spinny!). As tired an act as your hero Dylan.
This is all knowledge you gained from using the 'search' function from before you joined on November 1, right?
>aboutready
2 minutes ago
ignore this person
report abuse truth, sweetness and light, i'm not midtownereast.
I didn't read that truth suggested you were midtownereast.
huntersburg: Whatever your response, she's just trolling for a fight.
and ab comes on, within a minute; to defend herself from a claim that wasn't made on this thread.
Goodnight, huntersburg; wherever you are.
What do you mean whereever I am?
I'm in Huntersburg, in Gotham City, right on the border of two of the outer boros.
Not to be confused with Huntersburg, IL.
Hunter S -- No, actually, Truth and I locked horns well after November 1, so, as usual, you have no idea what you are talking about. Stop projecting, greyed out "homogenious" one. But Truth feels the need to suck up to you too; congrats, I guess and good luck ridding yourself.
Midtowner, you really think you are kidding me? or alanhart? or columbiacounty? or aboutready? or Truth? or Lucille? or somewhereelse?
Truth (no pun intended) be told, I'm kind of skeptical to put columbiacounty in the same intellect league as the rest of us that I mentioned.
Hunter S -- You've truly gone off the deep end if you are now invoking people who seem to despise you. Keep on saying I'm Wbottom or whomever else; no one believes you.
But you don't deny it?
do you deny you're the troll? enough said.
enough said? I was just greyed out, joining columbiacounty, in the past 24 hours or so.
What about you? Are you getting more advertisers to pay you for positive ratings?
keep it up HB. good job and all that.
Are you operating with the consent of brickunderground, your affiliated real estate site?
why don't you send an e-mail to the owner of BU and ask her? she has always known about my presence here, that's how she found me, actually.
Does the owner of BU give you a list of developers that advertise with BU, so that you know who to criticize and who not to criticize?
Do you get a commission if you criticize a developer who isn't a BU advertiser and that developer then becomes an advertiser (and then you stop criticizing)?