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The City of Detroit
Topic Started: Tue Mar 17, 2009 9:38 am (132 Views)
Spear
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HIGH LIFE!!!!!!!!!

JoeCoolMan24
Wed Mar 18, 2009 10:41 pm
Mariners in 2009
Wed Mar 18, 2009 10:11 pm
Spear
Wed Mar 18, 2009 7:59 pm
Mariners in 2009
Wed Mar 18, 2009 7:42 pm
On the news they were saying people are selling their homes for as little as $6,000-8,000. A guy from the UK came in and bought 20 something homes and is gonna make them all rentals when the economy turns around.

I feel for people having to sell their homes like that. Lose everything, it's sad. Not just Detroit, but the entire midwest is feeling the impact, especially Ohio.
A lot of people are doing that. The banks will foreclose them and sell them for dirt cheap. The people who's got some money are snagging these things up.

A lot of people are going to make out very well.
Yep, right now is when the rich get richer and the poor get poorer. Sadly, it has to comes at others expense, but I can't blame them, I'd do the same.

Stock market is another good example, I've put a ton of money in my Roth IRA the past six months. Shares are dirt cheap.
Yeah, I own a lot of stock, and they are all doing shit right now. Then my dad sends me an email saying he bought some for me and put it in my portfolio. He bought $7500 worth. :eek: I'm nervous, but I know they have to go up eventually.
Well as long as you buy stock in companies that you know will be around once all this turns around. Warren Buffet I believe has been buying up stock like this.

If I had more money I'd set up an e-trade account and start buying up stock in companies like Coca Cola and whatnot. Hell I might even buy stock in Ford.
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Mariners in 2009
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JoeCoolMan24
Wed Mar 18, 2009 10:41 pm
Mariners in 2009
Wed Mar 18, 2009 10:11 pm
Spear
Wed Mar 18, 2009 7:59 pm
Mariners in 2009
Wed Mar 18, 2009 7:42 pm
On the news they were saying people are selling their homes for as little as $6,000-8,000. A guy from the UK came in and bought 20 something homes and is gonna make them all rentals when the economy turns around.

I feel for people having to sell their homes like that. Lose everything, it's sad. Not just Detroit, but the entire midwest is feeling the impact, especially Ohio.
A lot of people are doing that. The banks will foreclose them and sell them for dirt cheap. The people who's got some money are snagging these things up.

A lot of people are going to make out very well.
Yep, right now is when the rich get richer and the poor get poorer. Sadly, it has to comes at others expense, but I can't blame them, I'd do the same.

Stock market is another good example, I've put a ton of money in my Roth IRA the past six months. Shares are dirt cheap.
Yeah, I own a lot of stock, and they are all doing shit right now. Then my dad sends me an email saying he bought some for me and put it in my portfolio. He bought $7500 worth. :eek: I'm nervous, but I know they have to go up eventually.
No need to worry, what are you like 19 or something? Keep adding in the right things and you'll be a millionaire by age 60 just in that account.

It's just been a down decade, from 9/11 to this recession the 2000's have been horrible, things will get better. Alternative fuel is gonna explode in the next ten years. Just like the microchip/computer companies of the 90's. There is always a recession every few decades, but history has shown if you invest in the right things your money will double every 7 years.
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CHILL


Yeah, during the recession I've actually taken advantage of it and traveled more because I've found low airfare rates I never found before.

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JoeCoolMan24
Member Avatar
I got Alicia Sacramone

Mariners in 2009
Thu Mar 19, 2009 7:30 pm
JoeCoolMan24
Wed Mar 18, 2009 10:41 pm
Mariners in 2009
Wed Mar 18, 2009 10:11 pm
Spear
Wed Mar 18, 2009 7:59 pm
Mariners in 2009
Wed Mar 18, 2009 7:42 pm
On the news they were saying people are selling their homes for as little as $6,000-8,000. A guy from the UK came in and bought 20 something homes and is gonna make them all rentals when the economy turns around.

I feel for people having to sell their homes like that. Lose everything, it's sad. Not just Detroit, but the entire midwest is feeling the impact, especially Ohio.
A lot of people are doing that. The banks will foreclose them and sell them for dirt cheap. The people who's got some money are snagging these things up.

A lot of people are going to make out very well.
Yep, right now is when the rich get richer and the poor get poorer. Sadly, it has to comes at others expense, but I can't blame them, I'd do the same.

Stock market is another good example, I've put a ton of money in my Roth IRA the past six months. Shares are dirt cheap.
Yeah, I own a lot of stock, and they are all doing shit right now. Then my dad sends me an email saying he bought some for me and put it in my portfolio. He bought $7500 worth. :eek: I'm nervous, but I know they have to go up eventually.
No need to worry, what are you like 19 or something? Keep adding in the right things and you'll be a millionaire by age 60 just in that account.

It's just been a down decade, from 9/11 to this recession the 2000's have been horrible, things will get better. Alternative fuel is gonna explode in the next ten years. Just like the microchip/computer companies of the 90's. There is always a recession every few decades, but history has shown if you invest in the right things your money will double every 7 years.
I'm not worrying, it just is crazy to just say that we threw $7500 into a gamble.

And those stocks went up $700 today for me.
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