All Forum Posts by: Anthony C

Is looking at a schedule E income for a property not enough to verify rental income?

Also, how forthcoming and common is it to get a schedule E from a broker/seller? I've requested a few now and the brokers have not been able to provide.

You don't have a problem paying more to fund out of control gov't spending that is focused on helping those who don't pay taxes, work the system, make not attempt to find work, etc?

How about cutting spending, billions in aid for countries that hate us, troops in 150 countries, tariffs on chinese products like they do to us, tax companies who outsource instead of aiding them, etc, etc....

J,

Reasonable i'm ok with. Raising taxes though on a country where:

> 47% of people pay no tax, keep having babies for the tax benefit and walk around with their hands out expecting uncle sam to cover food, shelter, etc.

> 50% of top earners pay 96% of the tax revenue.

Who exactly are you going to raise taxes on?

-AC

George,

I don't understand the purpose of your questions/posts here.
You ask what seem like honest questions only they are obviously loaded. All you're doing is wasting people's time by asking a question, people try to explain and give reasons why the financial world is driving up commodities, when obviously you don't want to hear or learn anything from it.

While you sit and apparently believe you know the secret and gold is a bubble, the rest of us are making money in it. Rule #1 of investing: don't get emotional. I don't care if it is tulips, if it's going up and I can make money then i'm in. While the rest of the people who didn't get in try to shoot holes in those who are profiting... I call it sore losers.

Please don't waste time asking questions if you don't want to hear the answers.

I guess i'm the fool taking time to lay out economic logic, not my logic, but reasons why the global community are driving up metals, thinking you really want to understand, when you've now revealed you are just attempting to be rhetorical.

http://www.bloomberg.com/news/2011-06-21/brazilians-buy-miami-condos-at-bargain-prices-after-45-surge-in-currency.html

Foreign investors getting a leg up thanks to our country's endless money printing...The u.s. dollar's decline has far reaching consequences...

George - this may be a good example of how currency devaluing affects you (and everyone in RE)

http://www.bloomberg.com/news/2011-06-21/brazilians-buy-miami-condos-at-bargain-prices-after-45-surge-in-currency.html

George..I've explained it multiple times now. Please re-read through my post history.
I try to post some information on a topic I may be knowledgable about since I work in finance, but i'm not on here to convince anyone to do anything, i'm on here for RE purposes. I also have a feeling you are being a bit rhetorical since i've tried to help and explain many times but you repeatedly ask base questions. If you're being honest, I apologize and please re-read my previous posts regarding the relationship and philosophy behind currency devaluation / debt / and hedging scenarios.

The only way currencies are valued is vs other relative currencies. The euro is the most common that the dollar is compared to. The euro has it's own problems obviously, but it is one simple way to analyze.

It can also be measured by treasury note yields and how other countries use it for safety, but that is difficult.

Those #'s are per day. $6b per day of newly printed debt = ~$2t a year. Diddly? I don't know about you, but the average person can't even fathom how much money a trillion is, I can't.

@Max: Get nothing out of gold? What do you get out of owning a share of stock whose value could collapse due to systemic risk as it did in 07? Who cares if gold has intrinsic value or not. We're talking about making money so all I care about is the perception of the investment by the global community. That is what drives hedge scenarios. Did Enron have intrinsic value, did blockbuster video? If you invested in these corporations you have zero dollars left. What are your options OUTSIDE of real estate, thats what we are discussing. In addition to RE. Invest in a company until some scam is uncovered?

Gold is up 500% in 10yrs.. there is a reason. If you invested in the SPX during that timeframe you made 7%. No one here is trying to sell anybody anything. The only people complaining are obviously the ones who are not putting some exposure in their portfolios.

What is your suggestion for hedging against inflation and the u.s. dollar which has dropped almost 50% vs the Euro in 10yrs? Which means the value of what your money buys is dropping.. currency devaluation, it is the hidden tax.