The road to socialism
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The road to socialism
| Wed, 02-18-2009 - 10:40pm |
It's true that Mr. Obama is taking us down the road to socialism.
| Wed, 02-18-2009 - 10:40pm |
It's true that Mr. Obama is taking us down the road to socialism.
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I did just as you suggested and every. single. site. says "it depends", not an outright no.
Kim
(It's against the law to wash cars in your driveway where I live (due to the drought) unless you have special adapters for your hose.
Kim
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I see this seems to be a new attitude.
I'm all in bonds myself, as I was one who didn't take the advice of the analysts
(Do you know that 401Ks were first established for the CEO's tax
Kim
(But I am saying that it is to the US's advantage to have a financial system, to have saving programs, and a "safety net" in place to help make sure that the guy who works his whole life at the machine shop and socks away money every week doesn't get screwed by some suit.
Kim
If they purposely screw people out of their money, they should go to JAIL.
Great timing! I wouldn't have thought to sell my rentals at the peak of the market because of my tax bracket. And the fact that I'd like to keep the income coming in for the future. It can be a hard call. In hindsight it might have been the smarter choice to have just sold at the peak and paid the taxes--especially since it is doubtful that we'll see lower taxes anytime soon--at least not at our current income level but we don't expect that to be that way forever.
>>We would be fools not to buy a foreclosure for renting. The housing market is cyclical, we will make back our investment, plus some.<<
I had to read that twice. At first glance I thought you said you would be fools "to buy" a foreclosure for renting! I was going to politely have to disagree! Then I re-read what you wrote and must say, ditto! We have some great bargain opportunities in our area right now and that's why we've been buying. Heck we have to do something to make up for some of the less lucrative buys we made in 2006 and 2007! LOL!
I guess you just need to be very certain of your long term goals before buying and always have a contingency plan. I can't tell you what a valuable skill that is--and I credit my military training. Sounds like you've done well in honing your skills too.
(And I had to laugh because the lines for the car washes in my area were huge! I find it funny that people are crying about not having any money, jobs or houses yet they can afford the $6 to get their car washed rather than wash it at home for less.)
And how do you know that the people who are having financial trouble are the same ones getting their cars washed? There are lots of people with cars. Only a small fraction of them are actually getting their cars washed or the lines would be very very long if everyone was doing it.
This seems to be yet another one of the sweeping assumptions you make about knowing what people's situations while not being in a position to really know. Next time, why don't you stop some of the people in line and see how many of them are struggling financially? If most of them are, as you assume, then it might be easier for me to join in your laughter.
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