| Author |
Replies: 43 / Views: 4,341 |
|
|
|
Bedrock of the Community
Australia
21788 Posts |
With the U.S. cash deposit rate at 0.25% and the inflation rate at 3%, small wonder that U.S. citizens are interested in PM investment.
For me, an an Australian, I will buy real estate, but not for renting out. It is important in my case that you efficiently use the real estate you buy. That means building a new (smaller) house for myself. The real investment return is expressed in not paying rent.
I currently own my house, fully paid off 20 years ago. That will be given to my kids. Gratis. They need it more than I do.
At this time, I cannot see much future in cash deposits or the stockmarket, especially with world economic forecasting outlook looking so poorly.
I will continue to invest in my coin collection with considerable circumspection.
|
|
Pillar of the Community
United States
667 Posts |
Real estate didn't help to many in the states. Most them are down under.  The only true thing that will help the economy is growth, like who doesn't know that? I wonder after last nights speech if any one does. I like the raise in PM, makes me thing I was smart telling people to buy gold prior to the jump. Silver is ok but I am at a dangerous top heavy position. I don't like being out of what I call a good balance. However the last low was just what I felt a very good time to add to the already to much silver stock pile. If I had a choice I would take shelter, food and survival know how in the bad times. It worked pretty well in the depression. Someone came and took all the gold.
|
|
Bedrock of the Community
Australia
21788 Posts |
Actually I don't see real estate doing much for tha average Australian investor, either. That is why what I buy and the amount of of investment is so important.
I would NOT consider the investment in real estate for renting out to be a completely sound proposition at this time, but I do need somewhere to live.
It is important with the spending of any money for investment or enjoyment to separate 'wants' from 'needs'.
The ownership of two houses is beyond my 'needs'. That is why I am giving the family home to my kids. Like I said: "They need it more than I do". THEY get to save rent over a lifetime. Better to exercise the terms of my will before I die than after. As far as I can, I intend to die with no assets.
|
|
Bedrock of the Community
United States
10982 Posts |
Farm land in the U.S. has seen an incredible price boom due primarily to sky high commodity prices and ethanol subsidies. Good, tillable land that was $400/acre in 1980 went to $1200 by 1990. That same ground was bringing $3000 by the year 2000 and now? $7000 an acre! Up an average of 10% per year and that's not counting your farm income which is where you are supposed to make money. My uncle passed away last year and his estate included nearly 1,000 acres of good land. His 3 kids got $2 million each. I was hoping he'd adopt me! 
|
|
Bedrock of the Community
Australia
21788 Posts |
Bh1964: What you have reported is good at least in one respect:
The higher farm land values will help to inhibit urban sprawl on the fringes of towns and cities in the U.S.
In other parts of the World, far too much prime agricultural land has had it's use changed to satisy the demands of urban developers.
For urban dwellers, with no interest in agrucultural land, security in PM's is looming larger.
|
|
Pillar of the Community
United States
4008 Posts |
Quote: Good, tillable land that was $400/acre in 1980 went to $1200 by 1990. That same ground was bringing $3000 by the year 2000 and now? $7000 an acre! Indeed so, BH. Now just look at a decent 5 acre building site for a home. No way you can touch that around here for $35k. The few plots I have seen available are in the $115-125k range. No, this isn't exactly farm land but it IS just bare land that is suitable for building.
|
|
Pillar of the Community
United States
667 Posts |
Farmland something I might be able to know just a little about.  it's location followed now by if you won mineral rights because of the Marsiellas (sp) shell. Farm land is still cheap but go one mile and a lot is expensive. For example farmland is cheap at around $2,000 an acre. However building lots just a few miles away with full utilities go for $30,000 for 150 x100. it certainly can differ a lot depending on what part of the country you live. For example I just bought 36 ares that adjoins my land last year. I paid $70,000 for nice flat tillable land boarded by a county road. To some I over paid but to me it was a bargain. A little further north where they are starting to drill for oil those people are getting $5,000 an acre just for the gas leases. I expect if you live in another state the or near a major city then the value goes way up. The last major land sell was last year and involved 600 acres. The selling price was 1.5M which included two farm houses, barn and out buildings. So maybe mine was not a good deal, who knows. I own 1,400 acres and still trying to buy some more because I still have to make long runs to farm some other land. Give me a city person and I will sell them a 150 x 100 plot for $50K easy. They are stupid they want a rural setting and do not know the true value of the land.
|
|
Pillar of the Community
United States
4008 Posts |
Quote: To some I over paid but to me it was a bargain. Now that is the essence of business. Both the buyer and the seller got what they considered a good deal. What anyone else thinks doesn't much matter. Quote: Give me a city person and I will sell them a 150 x 100 plot for $50K easy. They are stupid they want a rural setting and do not know the true value of the land. Probably true in some cases but this city dweller didn't fall off the pumpkin cart yesterday. I'm also pretty sure that most country folks are not idiots, although some city dwellers might say that. 
|
|
Pillar of the Community
United States
3670 Posts |
Some idiot from Tampa tried to make a Tennessee crack, when I posted something about Iran messing with the USA under one of those stupid waste of space yahoo articles. I said them messing with us makes me think the guys in charge over there have a combined IQ of like 89....
He tried to be clever an say something stupid like "Most all Iranians I have ever met are rather smart, but I have met some idiots from Tinnacee, spelling like that, ticks me off to high freakin heaven. Stereotyping BS, man he was lucky my foot was not in the range of his backside, lol....
Boy, that set me off a rip session, lol. I said for one thing pal, you are the tard living right in the middle of Hurricane alley, and I am up here protected by the valley's in the safe zone, so who is the smart one? I went on to say he would be lucky to survive through storm season, and that I also have a couple friends from Tampa, one in fact my best friend and I can however attest to the overall low IQ of someone from Tampa. And like my dad says..."People from Florida are freakin nuts, something in the water!", lol.....
I told that Jack wagon he could not appreciate or understand the loyalty that life long Tennessee guy like myself possess for his land. And I even tossed out an Alamo stat, via Florida volunteers compared to Tennessee, lol....
JK CCF Floridians! I just said all that to get under his skin, I love Florida actually, lol....
Edited by Silverhawk74 01/28/2012 8:14 pm
|
|
Pillar of the Community
United States
4008 Posts |
Quote: Stereotyping BS, man he was lucky my foot was not in the range of his backside, lol.... Lol, get'im, Hawk... kick a... er, posterior.  Quote: I said for one thing pal, you are the tard living right in the middle of Hurricane alley, and I am up here protected by the valley's in the safe zone, so who is the smart one? That's for sure, Hawk. Florida is a beautiful state but it is right in the middle of Hurricane Alley. Not only that but there is an island off the coast of Africa that has a HUGE cliff with a major fault line under it. They say that if there is a quake that drops that cliff into the Atlantic, there will be a Tsunami that will be at least 30 feet high when it hits the US east coast. Having spent some time in Florida, I don't think that there is any land there that is more than 30 feet above sea level. The whole place would be washed away.  Quote: "People from Florida are freakin nuts, something in the water!" Could be. You guys ever see Florida water? A lot of it looks as if it has already been recycled through the kidneys a few times... very brackish and nasty tasting unless heavily ($) treated. Quote: I told that Jack wagon he could not appreciate or understand the loyalty that life long Tennessee guy like myself possess for his land. Indeed not. You boys be volunteers! 
|
|
Pillar of the Community
United States
667 Posts |
That yellow water is Florida's state drink. I believe it is tannic acid though I could be wrong. The problem with Florida is the new comers more than the natives.
The highest part of Florida is someplace up in the pan handle at around 350 ft. There are a few places near the central part of the state at around 300 ft too.
Florida was a great state for silver. I lived there for two years and did great prospecting for silver. I/m not sure if it was the locals or the tourist but for some great reason they had a habit of tossing silver dollars into the many fresh water springs in the state. In any event was a great place to prospect for silver.
|
|
Pillar of the Community
United States
2168 Posts |
Yes the volcano in La Palma I think is the name of the Canary I think. It has a lot of areas within it where water pools and one day with an eruption or and earthquake can cause a great landslide which will in turn cause a tsunami of great magnitude here on the east coast
|
|
Pillar of the Community
United States
3670 Posts |
You called it Angel an Ed, I forgot about the Canary islands, that is tsunami waiting to happen, not if but when, lol....
It would be like when a really big boned person, say like 1200 pounds did a belly flop in one end of the pool, and you were just chillin in the shallows on the other end, maybe with your feet in or something, and next thing your washed up on the fence, lol....
That happened out your way Ed back in the mid 60's as their was a young man an his dad, who survived as the wave carried them up into the treeline and seems like there boat got stuck in a high tree and they survived. Basically a huge chunk of the cliff broke off an fell right into the lake, perhaps a few hundred yards from the dad and his son. Another boat got carried out to seas and was not as lucky as they were never seen again. The entire harbor got washed away, either into the tree lines or out to sea, even though they were all unoccupied. It was back in a cove, like on a large lake perhaps right around Washington state/Vancouver or Alaska seems like. On all those shows on History that talk about the Canary Island theory, always mention that event in reference, even though on a much smaller scale. The Canary islands would be way larger, and much more catastrophic in nature.....
Edited by Silverhawk74 01/30/2012 12:05 am
|
|
Pillar of the Community
United States
2168 Posts |
I saw the show on the landslide and how they figured it out was partially due to the treeline abrupt show of new growth. While it was a terrible tsunami, there were not many people. I even think the little boy now much older was in the show telling the story. La Palma would be a terrible landslide causing the east coast of the US and maybe north and south to have a lot of water and destruction.
|
|
Pillar of the Community
United States
667 Posts |
|
| |
Replies: 43 / Views: 4,341 |