US Economy & REI Rant
My company manufactures products here in the states for material handling. Its seems more and more that the competition is sending components oversees to get produced which is putting pressure on us to do the same due to the low costs. Heck my nice pretty Dell laptop i just got yesterday had MADE IN MALAYSIA Stamped all over the box as if Dell were proud to put it there. Now there is an article about Dell sending an additonal 10k jobs over to India. I gues I better start teaching my kids other languages...
Today on CNN-Money there is an article about Warren Buffet saying be belived the American Dollar is heading down hill and Its a scary thought because I see it from a manufacturing standpoint.
What does eveyone think that will do to RE? I buy and hold alot of properties and Im getting mixed feelings about a possible recession. Meaning bad for home value but good for rent. Do you think that true?
Maybe recession is too strong of a word
Any insight.
[ Edited by allhandl on Date 03/20/2006 ]
Last time I checked we have spent $320 billion for the lraq war.
The known “insurance” concept exploits relative law of statistical probability, using OPM. The current war efforts works in the similar manner, whereby the mightiest war machine is utilized on your behalf to assure that incoming maturation of the fissile fuel crises work to your advantage. To concept sounds fine if we elect to forget that select few Inc’s has the luxury of ripping out benefits now rather then later, funneling tax-payers cash into their purses via uncontested contracts.
With that in mind, one should ask the question is it better to keep shoveling more and more cash in an attempt to “democratize” those who are obviously happy to live in their historic misery and does not want to be democratized or devoting at list a part of that huge money to create more ecologically responsible jobs at home, gradually changing our own culture of reference anxiety, waist and pollution economy, into one that would assure the future of our heirs is what would benefit us more?
As in RE investing, results require action. The system allows taxpayers to mount considerable pressure on their elected representatives by simply writing letters demanding action. On your behalf, if demanded, your representative has the right and due obligation to introduce an energy bill that may turn into law requiring big companies who benefit the most form the war in Iraq and from high oil price to funnel some of “their” (reed yours) money back into grants for research, development and if a company sells gasoline, make them supply already existing alternative fuel on their existing networks of gasoline stations. The fault in my opinion resides on passivity. Lobbyist do their part on behalf of their sponsors; it’s time for us to do what we can if we want to see a brighter future.
Well, another one bites the dust......
Welcome back, Chris.
Jim
IF THERE IS INFLATION THE DOLLAR DROPS AND THE COST OF THINGS RISE....... IF THE BUYING POWER OF THE DOLLAR IS WEAKER THINGS ARE GOING TO COST MORE MONEY... HENCE REAL ESTATE WILL COST MORE .....
BUT THOSE WHO OWN WILL REAP THE BENEFITS,,,,, aka.... future inflated dollar worth less will be paying off mortgages.... one thing to note.. make sure its not you thats paying your mortgage
Since we are now the largest debtor nation;
I propose we stop making our interest payments and ask the countries holding our debt to forgive it.
Hey, they do it to us!!!!
exactly chris..!!!!!!!! BUT screw single family homes... and whatever..... gotta getin to the big commercial buildings and apartment complexes
Bring on the devalued dollar, as I recall, we made a bundle during that era.
[addsig]