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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (8845)	6/27/2005 11:06:13 AM
From: Galirayo	Read Replies (1) \| Respond to of 23958

[edit] That's what I'm wondering too. Looks like it's stabilizing anyway. Resting for another run at R? [edit] Check PBR. stockcharts.com[w,a]dacayiay[db][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

To: Sergio H who wrote (8845)	6/27/2005 11:18:21 AM
From: Jibacoa	Read Replies (2) \| Respond to of 23958

Market opportunity? I will wait and let you know what happens.<g> The question seems to be how much the "BB" of the present real estate hot market will affect the general economy. (I would rather leave those profound and complex economic question for uncle Al to solve.) I know here in South Florida the house prices are going through the roof and when a new "condo" advertise that it will start getting orders for a new bulding, people start making a line from the day before, planning to put an order for a couple of units, not because they are really planning on buying them, but hoping that their deposit will double or more on a year's time when the bulding actually starts or is completed.( I saw tha happening here in the seventies and some people went broke, including some friends that got into bulding apartments.<g>) Robert Kiyosaki,who has been on the "best seller" list after his "Rich Dad, Poor Dad" and reportedly made a fortune on real estate, recently made some comments: (I forgot where the link is in SI so are making a copy here.<g>) ALL BOOMS BUST! Words of Caution from Robert Kiyosaki in Hawai. Lately, I have been asked if we are in a real estate bubble. My answer is, “Duh!” In my opinion, this is the biggest real estate bubble I have ever lived through. Next, I am asked, “Will the bubble burst?” Again, my answer is, “Duh!” It was only a few years ago we were in a real estate depression, which proves how quickly people forget. In 1987, the stock market crashed and the Savings and Loans went out of business. That led to one of the biggest real estate fire sales in history. By 1991, the real estate market was depressed and it remained depressed until around 1998. In Hawaii, the real estate market remained depressed until 2001. Today, the Hawaii real estate market is on fire and people have already forgotten how bad the market was. So the answer to the question, “Will the real estate bubble bust?” is an emphatic, “Yes. All bubbles bust.” The reason I write this alert is because this time, when the bubble bursts, I think it will be a monster. Never in my life have I seen so much money being made on such weak fundamentals. If you think the last recession caused by the bubble bust was bad, the coming recession will be at least twice as bad. It might lead to a depression. The reason I put forth this alert is not to frighten anyone. The reason I put forth this alert is to say get prepared for the coming economic changes. Presently, although Kim and I are still buying real estate, we are also selling our “junk” real estate. Eight months ago, Kim put on the market a small apartment house valued at $1 million, for $1.4 million. People complained and no one bought it. So four weeks ago, she raised the price to $2.0 million and it sold in one day for full price. To me, this is more than a bubble… it is a mania. As many of you know, the best time to get rich is after a crash. My suggestion is: if you are new to real estate investing, this is not the time to jump in. If you are holding “junk” properties that are costing you money, you may want to consider unloading them. How long will the bubble last and keep expanding? I do not know. I just wanted you to know that I am currently preparing for a crash, an economic recession, and possible global depression. Why? Because this is a very big worldwide bubble…the biggest I have ever seen. SAVERS ARE LOSERS Also, I am getting rid of my U.S. dollars As you may know, the U.S. dollar has lost nearly 40% of its value against other currencies in the last four years. That means if you have $10,000 in savings in the year 2000, it is worth about $6,000 in purchasing power. Rather than holding cash in the bank, Kim and I have been holding our excess cash in gold and silver bars. Why? Because you will know that the dollar is falling because the price of gold and especially silver will begin to rise. When silver goes higher than $8.50 an ounce and gold reaches $500 an ounce, you will know the end is near. When the crash comes, the currency of many countries will go down in purchasing power as the price of these two precious metals rise in value.