Allow me to recommend my Links. I have linked about a dozen webpages that I like to visit. These are the ones I read every day. Several of them have email lists that you can subscribe to which I also recommend.
I don't comment on everything I read there because there is too much and I only find so much time to write.
Have other great sources or interesting things. Let me know, I will also take recommendations
2 years ago
My favorite blog is www.thehousingbubble2.blogspot.com. Same guy who has the money and metals site.
ReplyDeletePeople from all over comment.
-Mel
I read some. What is the purpose? Is he trying to convince everyone that the housing market is booming? Or is he trying to warn people that the boom might end? I guess I would be more interested if I was an investor. Why does it appeal to you?
ReplyDeleteI don't think you read enough...
ReplyDeletePurpose-to warn about what may come to be when people purchase inflated properties with loans they have no business carrying. The disasterous effects that speculators have on communities. Etc... A lot of economics mixed with some social responsibility restating the idea of
being debt free is better than having granite counter tops. They mentioned Gilbert yesterday. I like it for the education, and that people from all over write in about Real Estate and Economics.
I also have enjoyed the discussions
regarding personal responsibility for debt and investment decisions.
Somethings I agree with, some I don't. Over all I get a lot out of it.
-Mel
What is the difference between a speculator and an investor?
ReplyDeleteWell, that's what I found really interesting. There seems to be a line
ReplyDeletedrawn between smart investing and greedy speculation. The line is pretty fuzzy if you can call it a line at all. I think it's more perspective
personally. Many pepole who write in on the blog compare the housing bubble to the dot com bubble in the 90's, except this will have much more impact because we're dealing with homes. Speculation is like gambling in that you find a community that is booming or you think will be booming, buy as much as you can as fast as you can, time the market and get an exit strategy.Flipping Homes. I think RE investment is more of a long term commitment pumping more into local economies,and creating more long term cash flow. People have made millions through smart speculation,
especially with the 100% financing and IO loans so readily available.
I mused over the idea myself. The problem that arises is that you get an influx of rentals in communities,
and as the prices sky rocket,well, you know all this. The greatest concern right now is that in the past year with prices heating up more and more people have gotten in over thier head, with rising interest rates, stricter bankruptcy laws more unsecured debt many people
are going to learn hard lessons. Where is the line between wanting to be financially secure and being greedy. I suppose it lies in the means your willing to go for the end you desire. Or the attitude you carry with the desire. It's not really about money, it's about the individual and their concept of happiness or entitlement. Different subject though...
-Mel
I look at www.opinionjournal.com pretty often. In particular, I like to look at a column titled Best Of The Web Today, which is published Monday through Friday.
ReplyDeleteMorris