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Oct 14 2013 04:39pm
Quote (MyEnemy @ Oct 15 2013 08:50am)
Not this month.

the day you cant trust your govt to hold up to their side of a contract you know you are fucked.
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Oct 14 2013 04:40pm
Quote (Kevorkian @ 14 Oct 2013 18:38)
Does not seem like that big of an issue if you can afford the property...


1. Buy land for $300,000
2. Pay $7,000 in property tax every year
3. sell it for $300,000.
4. ????????
5. Profit

Great investment, you should start your own bank.

This post was edited by MyEnemy on Oct 14 2013 04:40pm
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Oct 14 2013 04:41pm
Good luck finding cheap, undeveloped, property that you can profit off of.

Realistically, you need to talk to a broker. There are tons of different investment options: Stocks, derivatives, ETF, CD, mutual funds, bonds, money markets to name a few.

You need to determine what your goal is. However, saying you want to double your month in 6 months with no risk wont happen. The more you want to make, generally, the more you will have to risk. In the end, you need to decide what you are willing to lose for what you want to make.
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Oct 14 2013 04:42pm
Quote (MyEnemy @ Oct 14 2013 07:40pm)
Buy land for $300,000.  Pay $7,000 in property tax every year until you sell it for $300,000.  Great investment, you should start your own bank.


did u not hear of inflation? Land prices arent static in most places... Lol

Like buddy said. Theres no more being made so the price to sell it would obviously be higher
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Oct 14 2013 04:43pm
Quote (Blorgg @ Oct 14 2013 03:42pm)
did u not hear of inflation? Land prices arent static in most places... Lol

Like buddy said. Theres no more being made so the price to sell it would obviously be higher


Because house and land prices didnt plummet 4 years ago, right?
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Oct 14 2013 04:44pm
Quote (Blorgg @ 14 Oct 2013 18:42)
did u not hear of inflation? Land prices arent static in most places... Lol

Like buddy said. Theres no more being made so the price to sell it would obviously be higher


Real estate prices fluctuate and there is no guarantee that the value of the land will rise fall or remain the same. Coupled with that volatility is an extremely high cost of property tax. Unless you are making an income from your land by renting or leasing it out then the advice"buy land" is terrible.

This post was edited by MyEnemy on Oct 14 2013 04:45pm
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Oct 14 2013 04:45pm
Stock market. If u aren't good at it, put money in mutual fund with low fees. Inflation is like 2-3% so a .29% cd would lose u money
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Oct 14 2013 04:46pm
Quote (khemist @ Oct 14 2013 07:43pm)
Because house and land prices didnt plummet 4 years ago, right?


not were i live no. Still on the rise actually

And in a stable economy, that doesnt happen.. Were not talking about specific locations here
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Oct 14 2013 05:13pm
Quote (MyEnemy @ Oct 15 2013 08:40am)
1. Buy land for $300,000
2. Pay $7,000 in property tax every year
3. sell it for $300,000.
4. ????????
5. Profit

Great investment, you should start your own bank.


In my area land doubles in value every 7 years in the right areas.
Bought apartment for $275,000, its worth around $420,000 now.
House for $450,000, it is worth $530,000 less than a year later.
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Oct 14 2013 05:17pm
Quote (Lifebane99 @ 14 Oct 2013 19:13)
In my area land doubles in value every 7 years in the right areas.
Bought apartment for $275,000, its worth around $420,000 now.
House for $450,000, it is worth $530,000 less than a year later.


Hindsight is 20/20, you may be at the doorstep of a real estate recession or even a bubble burst, maybe at the doorstep to skyrocketing land prices. To accurately predict what land will rise in value and why takes a lot of effort.
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