41 replies to this topic

[CRUISENAL]

Interesting

http://www.washingtonsblog.com/

[SemiBizz]

I sure ain't seeing it. This guy needs to get out and travel more often. Planes were packed both ways to Honolulu this weekend. Of course at $299 RT it's an affordable weekend, and about as cheap as a Vegas Flight.

[tozwp]

I sure ain't seeing it.

This guy needs to get out and travel more often.

Planes were packed both ways to Honolulu this weekend.

Of course at $299 RT it's an affordable weekend, and about as cheap as a Vegas Flight.

Charts with data on petroleum usage. Skip the analysis (it might be biased!) but look at the data. Maybe those jets are getting much better mileage these days :-)

http://globaleconomi.....end Analysis)

[Rogerdodger]

A few weeks ago I was at Home Depot and all the cashiers were standing in the isles looking for a customer. I went to Sutherlands lumber and mentioned what I had seen and the cashier said: "So they are slow too?" I think all of the millions of unemployed have finished their home improvements for now. Further unemployment fear is now rearing it's head in view of the coming change in taxation and regulation.

Edited by Rogerdodger, 17 September 2012 - 10:21 AM.

[CRUISENAL]

And there has been allot of deals for Hawaii lately with prices discounted considerably. Here in Sarasota, one of the bigger developers is re-starting a large International Mall that was postponed in 2007. We are seeing some expansion, but nothing close to 2000-2007. Most homes being built are modestly priced. Lots of lower priced homes have been bought up and redone but they we bought for well under 100K and being sold for under 200K. Many have downsized in this area. And jobs are few and low paying.

My situation is retired, but my spending at age 62 is very minimal. And I suspect most retirees are doing the same thing. The Majority of Baby Boomers are not going to spend and that is a real problem in the years ahead. And I have two homes, one has a small mortgage and the other is paid off. I downsized it in 2009 and paid off the loan. No debt on 2 cars either, 2007 and 2008 models. But most people are not like me. They just borrow and spend and more likely than not, they got into trouble.

We will see in the years ahead how this all plays out! I have little hope!

I sure ain't seeing it.

This guy needs to get out and travel more often.

Planes were packed both ways to Honolulu this weekend.

Of course at $299 RT it's an affordable weekend, and about as cheap as a Vegas Flight.

[ogm]

But did they bid up retail stocks, or what ? I think retail is one of the best sectors for short ideas. Probably starting with Home Depot and its 20+ P/E

Edited by ogm, 17 September 2012 - 10:35 AM.

[SemiBizz]

And there has been allot of deals for Hawaii lately with prices discounted considerably. Here in Sarasota, one of the bigger developers is re-starting a large International Mall that was postponed in 2007. We are seeing some expansion, but nothing close to 2000-2007. Most homes being built are modestly priced. Lots of lower priced homes have been bought up and redone but they we bought for well under 100K and being sold for under 200K. Many have downsized in this area. And jobs are few and low paying.

My situation is retired, but my spending at age 62 is very minimal. And I suspect most retirees are doing the same thing. The Majority of Baby Boomers are not going to spend and that is a real problem in the years ahead. And I have two homes, one has a small mortgage and the other is paid off. I downsized it in 2009 and paid off the loan. No debt on 2 cars either, 2007 and 2008 models. But most people are not like me. They just borrow and spend and more likely than not, they got into trouble.

We will see in the years ahead how this all plays out! I have little hope!

I sure ain't seeing it.

This guy needs to get out and travel more often.

Planes were packed both ways to Honolulu this weekend.

Of course at $299 RT it's an affordable weekend, and about as cheap as a Vegas Flight.

See if you can find Marc Faber's interview last week on Bloomberg. He thinks R.E. in the "South" part of the U.S. is a buy. I agree with him.

[SemiBizz]

Found it.

His remarks on R.E. are wrapped up inside this cheerful topic:

Faber: Fed Policy Will 'Destroy the World'

[CRUISENAL]

It actually was a buy 1 1/2 years ago when it hit a low in this area. My home has increased off that low about 27% since that low and is at the same price I paid in October 2009. 27% is not sustainable IMHO. Too much too fast. I am more inclined to think it heads back down slowly and may even get to that low point again and then stay down and only move up maybe 2 to 3% a year for many years. My other home is a lake home but never took the decline that Florida has seen. It may have dropped 15% and that is rare. Properties on that lake rarely go down and never had in my lifetime. This was a first for that area. Here in this area, it just got oversold and buyers started coming in a gobbled up all the cheap stuff and drove prices higher. So we will again see how this all plays out over the next few years.

And there has been allot of deals for Hawaii lately with prices discounted considerably. Here in Sarasota, one of the bigger developers is re-starting a large International Mall that was postponed in 2007. We are seeing some expansion, but nothing close to 2000-2007. Most homes being built are modestly priced. Lots of lower priced homes have been bought up and redone but they we bought for well under 100K and being sold for under 200K. Many have downsized in this area. And jobs are few and low paying.

My situation is retired, but my spending at age 62 is very minimal. And I suspect most retirees are doing the same thing. The Majority of Baby Boomers are not going to spend and that is a real problem in the years ahead. And I have two homes, one has a small mortgage and the other is paid off. I downsized it in 2009 and paid off the loan. No debt on 2 cars either, 2007 and 2008 models. But most people are not like me. They just borrow and spend and more likely than not, they got into trouble.

We will see in the years ahead how this all plays out! I have little hope!

I sure ain't seeing it.

This guy needs to get out and travel more often.

Planes were packed both ways to Honolulu this weekend.

Of course at $299 RT it's an affordable weekend, and about as cheap as a Vegas Flight.

See if you can find Marc Faber's interview last week on Bloomberg. He thinks R.E. in the "South" part of the U.S. is a buy. I agree with him.

[SemiBizz]

Take a trip to Asia... Hong Kong, Shanghai. $1 Million will buy you an outhouse, that's about all. So it's about RELATIVE value, Faber travels around the World, go see what you get for the price - you won't believe it. You will swear your property is undervalued. Land is the hardest most fixed asset of all... Gold they dig out of the ground and it's passed around...