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Thread: Stocks

  1. #361
    Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.

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  3. #362
    Bogley BigShot oldno7's Avatar
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    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'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  4. #363
    Bogley BigShot oldno7's Avatar
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    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.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  5. #364
    Quote Originally Posted by oldno7 View Post
    I have lots in Cedar city if anyone is looking.

    Where specifically?
    It's only "science" if it supports the narrative.

  6. #365
    Bogley BigShot oldno7's Avatar
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    Quote Originally Posted by rockgremlin View Post
    Where specifically?
    the cove.

    Be good for you, just below the new temple and it is visible from lot
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  7. #366
    Quote Originally Posted by oldno7 View Post
    the cove.

    Be good for you, just below the new temple and it is visible from lot
    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.

  8. #367
    Bogley BigShot oldno7's Avatar
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    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  9. #368
    Bogley BigShot oldno7's Avatar
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    Bought that cedar lot around 2007--price just over $80,000

    Like I said, raw land hasn't rebounded.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  10. #369
    Quote Originally Posted by oldno7 View Post
    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.

  11. #370
    Quote Originally Posted by devo_stevo View Post
    Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.
    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.

  12. #371
    Bogley BigShot oldno7's Avatar
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    looks like it will break out of the last 2 days, to the upside.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  13. #372
    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...
    It's only "science" if it supports the narrative.

  14. #373
    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.

  15. #374
    Bogley BigShot oldno7's Avatar
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    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.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  16. Likes rockgremlin liked this post
  17. #375
    ^^^ 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.
    It's only "science" if it supports the narrative.

  18. #376
    Quote Originally Posted by rockgremlin View Post
    ^^^ 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.

  19. #377
    Bogley BigShot oldno7's Avatar
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    Canadian MJ will be available to the public on 10-17-2018
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  20. #378
    Quote Originally Posted by oldno7 View Post
    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.

    In another 5 years it could be legal in all 49 states (minus Utah).
    It's only "science" if it supports the narrative.

  21. #379
    Quote Originally Posted by rockgremlin View Post
    In another 5 years it could be legal in all 49 states (minus Utah).
    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.

    Just saying.

  22. #380
    Quote Originally Posted by oldno7 View Post
    the cove.

    Be good for you, just below the new temple and it is visible from lot
    The Cove, huh? I think I did a kegstand there and held back a girl's hair while she threw up in a mailbox.
    Just 'cause it zips, don't mean it fits

  23. Likes twotimer liked this post

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