Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.
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Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.
I built my own 4-plex in the late 90's.
After a couple years of managing, I'd had enough.
I would probably still own if I used a management company.
I still own several nice, developed building lots in Iron county.
Raw land never recovered here as much as actual houses.
I have lots in Cedar city and Parowan, if anyone is looking.
Quote:
Originally Posted by oldno7
Where specifically?
the cove.Quote:
Originally Posted by rockgremlin
Be good for you, just below the new temple and it is visible from lot:naughty:
That's a nice spot. I drove around in there last time I was down there. I'd buy it from you if I was ready to do that sort of thing at this time in my life. I've got a couple of things to take care of first though.Quote:
Originally Posted by oldno7
Bought that cedar lot around 2007--price just over $80,000
Like I said, raw land hasn't rebounded.
Looks like a nice spot. I'm surprised you couldn't get more for it if you bought it for $80,000. House prices are at or above where they were back then.Quote:
Originally Posted by oldno7
Yeah, I was sorta half joking. If done correctly, you can make a good chunk of change. The problem of course is that every Joe Shmoe thinks they know how to do, but most don't. But in the last 36 months I've probably financed $30 million in subdivision developments and haven't lost a dollar yet.Quote:
Originally Posted by devo_stevo
looks like it will break out of the last 2 days, to the upside.
Some friends and I were having a discussion about this topic over the weekend. The real estate market (at least in Utah) is now at or above 2008 levels. It just seems like there is no correction in the current market. It's all UP, UP, UP, with no end in sight.
But this can't be maintained forever. At some point, it's all gotta come crashing down. I know the market conditions are different than they were 10 years ago, but that still doesn't dismiss the fact that a large correction is looming on the horizon....just when tho?
When 1500 sqft unfinished houses in SLC are going for over $400,000 you know the market is off the rails...
I don't see a big real estate correction ever coming to the SL valley. The reason is the buildable land is nearly gone. It's all supply and demand.
Canadas parliament has passed legalization of mj.
Some formalities yet but mostly a done deal.
If you don't own any Canadian mj stock, it's too bad.
^^^ GASP!!! Canada just legalized a gateway drug?! Brace yourselves boys, Armageddon is imminent!
But seriously, it looks like most cannabis stocks are up between 3% - 7%. Dang I should've gotten in on that.
I used to have a neighbor that was an LDS guy and did a ton of gambling. He said he liked it because he didn't have to pay his 10% on his winnings because the church didn't want "ill-gotten gains". The LDS folks on this board should do the same with MJ stocks.Quote:
Originally Posted by rockgremlin
Canadian MJ will be available to the public on 10-17-2018
Recreational MJ is already available in: Massachusetts, Maine, Alaska, Colorado, Nevada, Washington, Oregon, D.C., and California.Quote:
Originally Posted by oldno7
In another 5 years it could be legal in all 49 states (minus Utah). :lol8:
My experience from last weeks Ogden Twilight concert with Little Dragon, it pretty much already is. Just based on the number of people lighting up all around me and the number of police officers standing nearby that did absolutely nothing about it.Quote:
Originally Posted by rockgremlin
Just saying.
The Cove, huh? I think I did a kegstand there and held back a girl's hair while she threw up in a mailbox.Quote:
Originally Posted by oldno7
Ah...what a fond memory!
China's stock market is tumbling. The US has China by the short hairs in this trade war. The US stock market should see another run up when the war is won.
Facebook shares dove 19 percent Thursday, with the social networking giant shedding about $120*billion in market value after the company warned of slowing sales growth.Quote:
Originally Posted by Iceaxe
https://usat.ly/2NLGcxG
^^^The long awaited for Facebook crash...hasn't the writing been on the wall for a while now? But damn...whoever is shorting their stock at the moment is gonna be very well compensated.
Speaking of stocks...anybody have any good leads on a good global natural gas company? With China looking to go green in the next 3 years, coal is going to take a massive hit.
https://www.rt.com/business/433780-c...l-prices-down/
Facebook stock has never made any sense since day one...
Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent
http://www.foxnews.com/tech/2018/07/...0-percent.html
Quote:
Originally Posted by Iceaxe
This brings a smile to my face. But.....you have to know that this is just a speed bump. It will bounce back.
My prediction is....if you're willing to take the risk, now is a great time to snatch up some FB stock at a discount - or wait a few more days for it to plunge a little more. But it will undoubtedly rally. Tomorrow you might see a dead cat bounce on the way down, but it's not going to stay down long.
And when Facebook hits rock bottom it will still be overvalued if you value the stock at its rational level.
I think there are millions who are literally addicted to it. He's not going to lose them.
A lot of others may be turned off by the sneaky bullshit that the site is. I would love to watch it crash and burn...other colossal corporations have flamed out quick in the past.
I had a page with them for a month back in '09. The shallowness of it dawned on me and I bailed. I'll tell ya what really gets me about Facebook...
It was championed as a comrade of the left but turned out to be the very greedy, shameless Corporation that they despise. Useful Idiots, indeed.
When Facebook first went public I couldn't figure out exactly what they had of actual value to sale...
....but I soon learned what they were selling was YOU. They sell all your, security along with your personal and private information to anyone with the coin to pony up.
[emoji631]
Twitter loses one-fifth of its market value on weak user numbers
It began Wednesday with Facebook, which announced that daily active user counts had fallen in Europe, to 279 million from 282 million earlier this year. Facebook also indicated it was no longer growing in the US and Canada, two of the most lucrative advertising markets. Just as Facebook was working through its second year of nearly nonstop scandals over unchecked political meddling and data misuse, it was becoming clear that the days of consistent and relatively easy growth were fading.
Then, on Friday, Twitter said it too was seeing user counts drop, to 335 million people who log in each month from 336 million just three months earlier, in part because of its efforts to, as it says, improve "the long-term health of the platform."
Very nice morning for us MJ traders
Attachment 90296
Geez, WTH happened to cause the sharp spike upward?
Constellation brand put in 3.8 Billion.Quote:
Originally Posted by rockgremlin
I sold my Canopy positions this morning in the first 5 minutes.(+28%)
Holding a metric(canada) shit ton of Aurora still, as well as Hydropothecary
Coulda sold your Aurora too, since it's currently up 18%
looking for it to go to 8.00+Quote:
Originally Posted by rockgremlin
I'll start selling some then
Quote:
Originally Posted by oldno7
Non-alcoholic, cannabis infused beer, sponsored and funded in part by Coors Brewing Co. -- what a time to be alive. :drink:
Quote:
Originally Posted by rockgremlin
:2thumbs:
Better yet---what A time to be an investor(and alive)....
Tesla stock is in free fall. It's down 20% in recent weeks. Popular opinion is Elon Musk will be forced out, which many believe will be the downfall of Tesla.
This all reminds me of Steve Jobs being forced out at Apple. Dejavu...
Personally Elon Musk reminds my of John DeLorean with an unlimited bankroll.
I live near the new Facebook campus and everyone just marvels at the massive construction project. Nobody realises that the massive construction expenditure is outside the Facebook fence. Someone (prolly you and me) is paying for thousands of miles of fiber that terminate in their fenced yard. Just as an FYI all new data traffic will go through Los Lunas, New Mexico. The campus has to be a non personnel related facility because there isn't a working population there. Wal-Mart can't find enough employees to stay fully staffed and they'll hire anyone.
As far as Musk is concerned, he's more Preston Tucker than DeLorean. Look at what the NADA had all the individual state governments do. That was mostly Democrat politicians screwing over an electric car company, go figure. I want a car that the maker is proud enough to back all repairs for the useable life of the vehicle.
What? It's not covered in the warranty? That new tyranny is 5k take it or leave it.
I want a car the wife and kids can drive till the wheels fall of. No engine oil. No differential check.
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