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Reply #15: How about rental property? I'm 100% in small complexes and houses. [View All]

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plumbob Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-28-11 10:48 PM
Response to Reply #13
15. How about rental property? I'm 100% in small complexes and houses.
Asset appreciation 800%+ since 1978; net after tax profit on gross revenues about 70% annually, so plenty of cash flow to plow into more.

If ratings can't be bought, then you must argue S&P as blindly stupid - they really did rate all that mortgage crap as AAA.

And yes, those who let "brokers" wheel them into a sucker's game are victims. That's why they call them brokers - the richer they get, the broker you get.
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  - New York Stock Exchange ready for trading Monday Omaha Steve  Aug-28-11 05:57 PM   #0 
  - Buses are running.  Cassandra   Aug-28-11 06:34 PM   #1 
  - Oh thank god because nothing is more essential in keeping the world turning!  JackRiddler   Aug-28-11 06:55 PM   #2 
  - Its up there  bossy22   Aug-28-11 08:34 PM   #7 
     - The "collapse of the financial system" was actually the predictable end of the game...  JackRiddler   Aug-28-11 09:15 PM   #10 
  - Yes, thank Jesus! I wouldn't have been able to sleep tonight worrying about  plumbob   Aug-28-11 06:58 PM   #3 
  - you mean thieving capitalists like  bossy22   Aug-28-11 08:37 PM   #8 
     - No, those would be the patsies for the thieving capitalists who purchase their AAA ratings from S&P.  JackRiddler   Aug-28-11 09:19 PM   #12 
        - you can't purchase ratings  bossy22   Aug-28-11 10:01 PM   #13 
           - How about rental property? I'm 100% in small complexes and houses.  plumbob   Aug-28-11 10:48 PM   #15 
           - You can't but that is exactly what the Wall Street banks did for their junk subprime securities.  JackRiddler   Aug-29-11 12:17 AM   #16 
  - The profit making must go on!  liberal N proud   Aug-28-11 07:31 PM   #4 
  - whew!  CountAllVotes   Aug-28-11 08:02 PM   #5 
  - equities trading is not gambling  bossy22   Aug-28-11 08:38 PM   #9 
     - Only because with gambling you're allowed to know how it's fixed, and by whom.  JackRiddler   Aug-28-11 09:16 PM   #11 
  - Be Still, My Beating Heart  Demeter   Aug-28-11 08:11 PM   #6 
  - I was hoping they would be closed  bluestateguy   Aug-28-11 10:17 PM   #14 

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