Saudi Arabia not renewing Petrodollar agreement…..

[Over70irregs]

The U.S. government holds over 147 million ounces of gold at Ft. Knox. Over half the government's gold reserves held there. Known and verified.

So we are to believe the entity with 35Trillion debt? And untold quantities overseas. Anything dug out of the ground can be inflated.

 

[vantexan]

So we are to believe the entity with 35Trillion debt? And untold quantities overseas. Anything dug out of the ground can be inflated.

Honestly it wouldn't matter the number cited. You aren't willing to believe anything but the worst.

 

[Over70irregs]

well there's copper too, but that's kind of my point: it's useless as a backing because of fractional reserve banking, it's useless as specie because as you admit there isn't enough, so it's done, useless, out of date

TO BE FAIR, I think physical gold and silver existing alongside Bitcoin would make lots of people happy


it was both until 1933, we'd been on a gold standard for awhile

Executive order 6102

 

[Over70irregs]

Honestly it wouldn't matter the number cited. You aren't willing to believe anything but the worst.

Honest $ is the only way. Anything else is feudalism. By 2034 avg home at the rate we’re going will be ~1 Million. Its not about us. What do we tell our kids on our watch?

 

[vantexan]

Honest $ is the only way. Anything else is feudalism. By 2034 avg home at the rate we’re going will be ~1 Million. Its not about us. What do we tell our kids on our watch?

Market forces will keep the average home from being anywhere near a million unless you already live in a high cost area. They're already too high. A correction will eventually happen.

 

[Ou812fu]

Honest $ is the only way. Anything else is feudalism. By 2034 avg home at the rate we’re going will be ~1 Million. Its not about us. What do we tell our kids on our watch?

Most of the ones in here, are about themselves, just look at their replies.

 

[vantexan]

Most of the ones in here, are about themselves, just look at their replies.

Uh-huh. We have the far Left infected with woke progressivism. And the far right infected with conspiracy theories. And of course those of us in the middle "don't care" according to extremists.

 

[Over70irregs]

Market forces will keep the average home from being anywhere near a million unless you already live in a high cost area. They're already too high. A correction will eventually happen.

The only reason home prices go up is that we borrow $ we don’t have. Investing funds have to show growth.

 

[Over70irregs]

Uh-huh. We have the far Left infected with woke progressivism. And the far right infected with conspiracy theories. And of course those of us in the middle "don't care" according to extremists.

Forgot 4th. People who want honest $.

 

[Over70irregs]

Market forces will keep the average home from being anywhere near a million unless you already live in a high cost area. They're already too high. A correction will eventually happen.

When you add 1 Trillion every days your getting the Million. The correction you seek is “affordable” housing. Which is an investment vehicle with capture undertones.

Stat that gives no regard as to who is president. Vote does not care it’s mathematics. Notice 33T it’s already out of date.

 

[vantexan]

When you add 1 Trillion every days your getting the Million. The correction you seek is “affordable” housing. Which is an investment vehicle with capture undertones.

Stat that gives no regard as to who is president. Vote does not care it’s mathematics. Notice 33T it’s already out of date.
View attachment 487358

Could you clarify what you're saying? How does our national debt lead to average homes costing a million or more?

 

[Over70irregs]

Could you clarify what you're saying? How does our national debt lead to average homes costing a million or more?

Debasement is moving at its fastest in US history. Majority of people who own real estate don't comprehend why their investment goes up in value. Home prices because of our money being degraded. If our energy wasn't being degraded, home prices would not peak to present level.

Thought Shelter prices should drop like an automobile over time being a depreciative asset. Notice they never call housing SHELTER.

 

[vantexan]

Majority of people who own real estate don't comprehend why their investment goes up in value. Home prices because of our money being degraded. If our energy wasn't being degraded, home prices would not peak to present level.

Thought Shelter prices should drop like an automobile over time being a depreciative asset. Notice they never call housing SHELTER.

Certainly with inflation housing prices go up. My dad had his house built for about $20k in the mid-60's. Now it's worth close to $400k.

But my point earlier I believe is valid. We could soon be looking at a serious market correction. When we had high inflation in the 70's and 80's it was a different world. Young adults today don't have all of the opportunities that Boomers had. Something has to give somewhere. The run-up in the last couple of years isn't sustainable. When you run out of buyers....

 

[Over70irregs]

Certainly with inflation housing prices go up. My dad had his house built for about $20k in the mid-60's. Now it's worth close to $400k.

But my point earlier I believe is valid. We could soon be looking at a serious market correction. When we had high inflation in the 70's and 80's it was a different world. Young adults today don't have all of the opportunities that Boomers had. Something has to give somewhere. The run-up in the last couple of years isn't sustainable. When you run out of buyers....

Good thinking but we are not running out of buyers. Commercial RE is in correction territory and will be repriced. No one HAS to have commercial unless brick mortar. Resi RE WILL be bought by companies and yourself. See Arrived……

Jeff Bezos-Backed Real Estate Company Launched A New Fund To Acquire More Single-Family Homes Across The U.S.

Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants...

finance.yahoo.com

 

[vantexan]

Good thinking but we are not running out of buyers. Commercial RE is in correction territory and will be repriced. No one HAS to have commercial unless brick mortar. Resi RE WILL be bought by companies and yourself. See Arrived……

Jeff Bezos-Backed Real Estate Company Launched A New Fund To Acquire More Single-Family Homes Across The U.S.

Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants...

finance.yahoo.com

And then there's pushing a collapse so that these investment groups can pick up property cheap. Would you pay $500k for a house when you can get it for $250k? As I said, there are market forces at work that will likely cause a big downturn soon.

 

[Over70irregs]

And then there's pushing a collapse so that these investment groups can pick up property cheap. Would you pay $500k for a house when you can get it for $250k? As I said, there are market forces at work that will likely cause a big downturn soon.

Fractional ownership and ownership rates between 2-4% is an interesting downturn hedge.

 

[DriveInDriѵeOut]

Thought Shelter prices should drop like an automobile over time being a depreciative asset. Notice they never call housing SHELTER.

Do you own a home?

 

[Thebrownblob]

Do you own a home?

Define “own”. My house will be paid off in a year and a half. Property tax and insurance will still cost me close to $800 a month for life (or until I sell) and will continue to go up. I miss a couple of those property tax payments. I’ll find out pretty quick who actually owns this.

 

[oldngray]

Define “own”. My house will be paid off in a year and a half. Property tax and insurance will still cost me close to $800 a month for life (or until I sell) and will continue to go up. I miss a couple of those property tax payments. I’ll find out pretty quick who actually owns this.

Damn. You need to move to a state with lower taxes. I pay less than half that.

 

[Thebrownblob]

Damn. You need to move to a state with lower taxes. I pay less than half that.

My property tax about 6K a year, I’m sure there are worse places.