Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

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I'm prepping my small brokerage to begin working the HUD sites for investors when the burst comes. It's how we survived 08-14.

The funny thing about the local RE markets here right now is the continued lack of inventory, which is very different from the pre 08-14 cycle. Then we had tons of inventory going for high prices, now we have limited inventory going for high prices. Local developers are still building housing, but most build on a pre-sold contract or specs are built a handful at a time. That previous cycle they would build out entire subdivisions nearly all spec. Other factors right now, people don't want to sell a home financed at 3% to buy at 6-7% unless they have to, also we continue to see out of state buyers fleeing into small town/rural areas.

Just random thoughts
Saw an article today showing Dallas property taxes have risen almost 70% in the past 5 years. Due to rising values despite the city reducing tax rates. Unfortunately, the values continue to increase but buyers are in short supply. Many are leaving the cities to the small neighboring towns/counties.

Everyone should protest their taxes yearly. Overwhelm the system with protests.
 
Saw an article today showing Dallas property taxes have risen almost 70% in the past 5 years. Due to rising values despite the city reducing tax rates. Unfortunately, the values continue to increase but buyers are in short supply. Many are leaving the cities to the small neighboring towns/counties.

Everyone should protest their taxes yearly. Overwhelm the system with protests.
Our county is about to be forced to reassess by the State. They have to do it every decade I do believe. This one's going to hurt if they don't drop the millage rate substantially. The vast majority of our property taxes go into the school system.
 
Our county is about to be forced to reassess by the State. They have to do it every decade I do believe. This one's going to hurt if they don't drop the millage rate substantially. The vast majority of our property taxes go into the school system.
There is a bill in the Texas Legislature to reduce property taxes across the board. Right now, the tax rate can go up 10% annually. One provision is to mandate no more than a 5% increase in the rate.

They are looking for new tax revenue but are avoiding legalizing marijuana which would bring in new taxes. They are considering bringing casino gambling to Texas as we're losing millions annually to Oklahoma, Louisiana and NM. Of course, those casinos are fighting against it in Texas. Mark Cuban, Mavericks owner, is pushing it as he wants to build a new arena in conjunction with a casino.
 
I'm prepping my small brokerage to begin working the HUD sites for investors when the burst comes. It's how we survived 08-14.

The funny thing about the local RE markets here right now is the continued lack of inventory, which is very different from the pre 08-14 cycle. Then we had tons of inventory going for high prices, now we have limited inventory going for high prices. Local developers are still building housing, but most build on a pre-sold contract or specs are built a handful at a time. That previous cycle they would build out entire subdivisions nearly all spec. Other factors right now, people don't want to sell a home financed at 3% to buy at 6-7% unless they have to, also we continue to see out of state buyers fleeing into small town/rural areas.

Just random thoughts
You just described Niceville FL
 
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Nobody else did

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^^Leading way to shut down whenever they choose



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^^weakness exposed



 
^^Leading way to shut down whenever they choose



excellent-perfect.gif
Don't think I'll sign up for the woke alerts. Seems like that just asking to be put on a list.
 
Hey guy and gals the wife and I are looking to get into gold and silver. What sites do you recommend to purchase from?


this will be one of the best investments in your life, get rid of dollars and relocate it to another asset class, precious metals are a very good fundamental choice

where do you live? search for a local bullion dealer and thats the way you want to go. i started purchasing ag/au mid 2000's and there are plenty of bullion dealers around me so there will be someone close to you you just are unaware

purchase either silver or gold. gold will be easier to carry/store than silver. you can have 40k worth of gold with 19-20 coins whereas silver youll have about approximately 1000 oz for 40k

cant go wrong with either one

if you cant find a dealer ill send you to my local guy, im in pensacola

dont ever purchase "paper" bullion thru the stock markets, i think glv, slv are the symbols. you want to purchase physical bullion, something you can touch and hold and this is done at a local dealer

god speed, holler if you have any questions
 
Saw an article today showing Dallas property taxes have risen almost 70% in the past 5 years. Due to rising values despite the city reducing tax rates. Unfortunately, the values continue to increase but buyers are in short supply. Many are leaving the cities to the small neighboring towns/counties.

Everyone should protest their taxes yearly. Overwhelm the system with protests.
Can you shoot me that article link?
 
this will be one of the best investments in your life, get rid of dollars and relocate it to another asset class, precious metals are a very good fundamental choice

where do you live? search for a local bullion dealer and thats the way you want to go. i started purchasing ag/au mid 2000's and there are plenty of bullion dealers around me so there will be someone close to you you just are unaware

purchase either silver or gold. gold will be easier to carry/store than silver. you can have 40k worth of gold with 19-20 coins whereas silver youll have about approximately 1000 oz for 40k

cant go wrong with either one

if you cant find a dealer ill send you to my local guy, im in pensacola

dont ever purchase "paper" bullion thru the stock markets, i think glv, slv are the symbols. you want to purchase physical bullion, something you can touch and hold and this is done at a local dealer

god speed, holler if you have any questions
I really don’t understand the risk in the precious metals etf’s. I know it doesn’t exactly match the price of the underlying metal but if it gets too out of wack arbitragers will pounce and bring it back in line.

Is the fear fraud? The underlying metals don’t exist?
 
I really don’t understand the risk in the precious metals etf’s. I know it doesn’t exactly match the price of the underlying metal but if it gets too out of wack arbitragers will pounce and bring it back in line.

Is the fear fraud? The underlying metals don’t exist?

i dont exactly know what your trying to convey but au/ag has been suppressed so much its ridiculous

especially silver, the gold/silver ratio should be 3-4 to 1 and its currrently almost 20-1

the "man" will suppress anything for his/their benefit, just look at crypto and precious metals as prime examples

all i know is im not putting all my eggs in the dollar basket



i reread your statement about fear. yes fraud could be fear thats why i suggest purchasing physical bullion not paper bullion. if one purchased paper bullion thru the markets theres no telling how many people they sold that paper to. what if everyone wanted to cash out their paper bullion and it was sold to 25 people, there just aint enough bullion to go around.

imo bullion only exists if one can physically put their hands on it

idk if this answered your question
 
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i dont exactly know what your trying to convey but au/ag has been suppressed so much its ridiculous

especially silver, the gold/silver ratio should be 3-4 to 1 and its currrently almost 20-1

the "man" will suppress anything for his/their benefit, just look at crypto and precious metals as prime examples

all i know is im not putting all my eggs in the dollar basket
Can you clarify the 3-4/1 and 20/1 comments? Gold is currently at $2018/oz, and silver is at $25.43/oz, which would be almost an 80/1 ratio. Are you implying that silver should be worth only 3/4 times less than gold?
 
Exactly the same here. 43 and nothi
i dont exactly know what your trying to convey but au/ag has been suppressed so much its ridiculous

especially silver, the gold/silver ratio should be 3-4 to 1 and its currrently almost 20-1

the "man" will suppress anything for his/their benefit, just look at crypto and precious metals as prime examples

all i know is im not putting all my eggs in the dollar basket



i reread your statement about fear. yes fraud could be fear thats why i suggest purchasing physical bullion not paper bullion. if one purchased paper bullion thru the markets theres no telling how many people they sold that paper to. what if everyone wanted to cash out their paper bullion and it was sold to 25 people, there just aint enough bullion to go around.

imo bullion only exists if one can physically put their hands on it

idk if this answered your question

It does not answer the question. Let’s take GLD for example. Unless I’m mistaken GLD is not a leveraged ETF. So, GLD owns a certain amount of physical gold which multiplied by the price of gold should equal the market cap of GLD. If it goes significantly over arbitragers will short it to bring it in line and vice versa if it goes under.

I can understand if the ETF was leveraged it would present the risk you mention.
 

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