Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Biomaven who wrote (187514)	12/30/2014 6:20:57 PM
From: Elroy Jetson	Read Replies (1) of 206353

How much money do you want to borrow to start a new business right now? Second do you have the collateral needed to back the loan you want? If you, and people like you, were actually borrowing that amount of money - the price of money would be a lot higher. You can't think of a business you want to start right now because demand is low. I thought so. Perhaps you may want to begin collecting homes - it was quite a fashionable hobby in 2002 through 2008. In 2006 my housekeeper, who I pay $50 a day to clean my home, owned 7 homes with her husband who worked as a laborer in seasonal construction. Of course they don't own these homes today, because the below market interest rate on their teaser loans rose and apparently the rent together with their own modest income wasn't sufficient to make the loan payments and taxes. Who could have anticipated that? Clearly the demand for homes and home loans was quite high back in 2006. But owning a collection of homes has fallen out of favor amongst house cleaners, so mortgage demand is far lower as well. This has opened a great opportunity for you to begin your own collection of homes. You could either rent them or save them for later. They make a great gift.

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