Where do you think it's going from here?

[DennisAJC]

Originally Posted by RubHer Yellow Ducky

as of 2:20 this afternoon spot gold is down 3.12% and spot silver is down 0.02%

Best time to buy. My Precioussssss!!!!!

[usetosellhummer]

and liver spots up on RYD 10%

[DennisAJC]

Originally Posted by usetosellhummer

and liver spots up on RYD 10%

OK that was funny!

[usetosellhummer]

Thanks your praise means alot to me.

[DennisAJC]

Originally Posted by usetosellhummer

Thanks your praise means alot to me.

Eat shit.

[usetosellhummer]

I'm going to go to the matress, cut spending, work on credit card debt and curb lux spending. Trying to cut back in all ways, gonna have to cut this site sheet down too.

[DennisAJC]

Elcova is the cheapest form of entertainment and recreation.

Wheeling a Hummer is expensive so if you really want to cut down.......


But I doubt that's gonna happen.

[NJ H2]

Someone get Winthorp in here and tell him to SELL SELL SELL!!!

Real Estate prediction for 2008

2008 brings most of Balloon Mortgages out there coming due
Lenders still in buisness are deep cutting mortgage products
Less loan programs = less buying and refinancing
Underwriting guidelines are tightened
Consumers are maxed-out and unable to repay and can't refinance

No more “Officer and a Gentleman" loans
Home values drop
No more equity to support spending habits

Fewer potential buyers

Increasing inventory
Increasing foreclosures

15%+ Home Value drop in 2008

HOWEVER There is still massive opportunity here if you time the Real Estate market correctly

Here is the answer:
Buy low Sell high!!

[DennisAJC]

Originally Posted by NJ H2

Someone get Winthorp in here and tell him to SELL SELL SELL!!!

Real Estate prediction for 2008

2008 brings most of Balloon Mortgages out there coming due
Lenders still in buisness are deep cutting mortgage products
Less loan programs = less buying and refinancing
Underwriting guidelines are tightened
Consumers are maxed-out and unable to repay and can't refinance

No more “Officer and a Gentleman" loans
Home values drop
No more equity to support spending habits

Fewer potential buyers

Increasing inventory
Increasing foreclosures

15%+ Home Value drop in 2008

HOWEVER There is still massive opportunity here if you time the Real Estate market correctly

Here is the answer:
Buy low Sell high!!

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap in the flood affected areas like the lower Cs. It'll recover with improved restructuring and property value will return. Rental properties is the way to go.

[NJ H2]

Originally Posted by DennisAJC

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap in the flood affected areas like the lower Cs. It'll recover with improved restructuring and property value will return. Rental properties is the way to go.

For those of you who don't know I'm a Mortgage Banker and Dennis couldn't be more correct. The past week I have taken 12 Mortgage applications Totaling over 5 Million in Mortgage money and here is the breakdown:

QTY
7 (3) Family Homes
2 (4) Family Homes
1 (2) Family Home
1 (1) Family Home
1 Condo

The wave of Multi Family homes is on the rise

[usetosellhummer]

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

oops 06 is the first Model year BOZO

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

[NJ H2]

Originally Posted by usetosellhummer

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

oops 06 is the first Model year BOZO

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

Uhhhh wasn't 03 the first year for H2's ?

[DennisAJC]

Originally Posted by DennisAJC

What the hell are you talking about?

With the introduction of the Alpha H3, I could walk into my dealership and trade in my 03 H2 for two 05 H3s.

Their used lot is filling up with them 5 cylinder H3 CARS.


I love this statement from their sales dept.




I deal with facts Sam.

Originally Posted by usetosellhummer

The Alpha is limited production you are so so wrong. H3's are selling
Let me guess you have a 02 H3

Did I say 2005 H3? OOOOPS! My bad. But that just shows how much I paid attention to the H3s.


And ya, I actually paid for my H2 in full on November of 2002. Delivered April 2003.


Alpha will not be a limited production. Trust me on that.

If AM General made them, sure. But this is GM we're talking about. It's all about money. And GM will be raking in $$$ with the H3 Alpha.

[DennisAJC]

I've had my squints and fingers in N.O. for awhile now.

Another "Best Bet" down there is FEMA Trailers being auctioned off by the government. In some cases (Not all) they're liquidated as low as 95%(Median is 40%) off their sellable value in OTHER STATES or Canada.

I've flipped 4 of them so far and the beauty of it is, I never see them, I'll work it 5-10 minutes on the computer on weekends.

A word of caution: It sounds simple but some people blow it and lose big time if they don't have basic commodities experience skeelz. So cross your T's and dot your I's.

[dеiтайожни]

Originally Posted by DennisAJC

I've had my squints and fingers in N.O. for awhile now.

Another "Best Bet" down there is FEMA Trailers being auctioned off by the government. In some cases (Not all) they're liquidated as low as 95%(Median is 40%) off their sellable value in OTHER STATES or Canada.

I've flipped 4 of them so far and the beauty of it is, I never see them, I'll work it 5-10 minutes on the computer on weekends.

A word of caution: It sounds simple but some people blow it and lose big time if they don't have basic commodities experience skeelz. So cross your T's and dot your I's.

Nice to see a Canuck profiting off the remnants of a US natural disaster. However it does appear there is a conflict of interest. You profit off hurricane damage in the above mentioned way but also hope to profit off preventing hurricane damage with Hurricane Tape! You seem to have the hurricane market cornered... what's next? Is it any coincidence that you drive a vehicle that supposedly contributes to a global event that supposedly causes more hurricanes to develop? I'm on to you...

[NJ H2]

Originally Posted by DennisAJC

Some may disagree, but New Orleans is a buyers market right now. Literally dirt cheap

Or we could all move to Canada!

[DennisAJC]

Originally Posted by NJ H2

Or we could all move to Canada!

Except B.C. But I think an experience guy like you knows property here is getting ridiculously out of hand.

I bought our house at $550K 5 years ago. We got our property government assessed at $1.1 million this year. The property tax is killing alot of people here. One of our neighbors sold for $1.3M (Because they couldn't stand my Hummer staring at them every morning.) and bought a 100 acre lot 600 miles into the sticks.

The Canadian $ is expected to par up with the US $ by years end. But that's a bad thing for us.

It's wild on the Westcoast. Oregon, Washington and B.C.