Housing Crash #2 Under Way?

[Doppel]

even with cash ?

cash has a way of softening bankers' hearts.

even if you're offering half of the asking price.

they want cash, not to be in the property management business.


see any good examples at realtor.com ?

http://www.realtor.com/realestateandhomes-detail/2108-Cove-Ave_Los-Angeles_CA_90039_M24396-10603

$430K for a home with fewer than 1000 square feet ? i think the seLLer has too much HOPE. maybe he read Obama's book.


http://www.realtor.com/realestatean...Street_Los-Angeles-City_CA_90012_M21514-61194

3 BR 2 BA on a tiny lot - views of Dodger Stadium ... $375K.

offer ... $200K.


http://www.realtor.com/realestateandhomes-detail/600-S-Bullis-Rd_Compton_CA_90221_M25201-85868

5 BR 4 bath in COMPTON for $320K. make them pay you to live there. will need 2" of plywood on the windows & walls to stop stray bullets.

/\ the Compton Homies - that's the name of a CRICKET team.


overall, there's much better deals to be had in ... North Dakota.

I don't see the relevance of cash in a house purchase. It's barely better than a strong pre-approval since the seller is going to get a check either way and if you are financing they don't care if you miss your first payment; it's not their problem and they have your money.

 

[Trianon]

It's not merely that. GTaudiophile may have "done everything right", but as you suggest, it won't insulate him from the nation's economic problems if the entire economy collapses around him. It won't prevent him from losing his job if his employer goes out of business, etc.

very true, this is why I include action plans in "being prepared"(where and how you will live if tough times strike, what are good means to preserve hard-earned wealth)

 

[Zebo]

I think people are preparing or hedging for apocalypse Trianon
-heard on NPR rural property in midwest is doubling in some places farmers were upset because they were being squeezed out when wanting to expand
-metals even on TV now
-weapons and ammo explosion
-see bulk/survival food at lots of retailers these days..must be selling or it wouldn't be there.
and so on.

 

[spidey07]

very true, this is why I include action plans in "being prepared"(where and how you will live if tough times strike, what are good means to preserve hard-earned wealth)

Ammunition, and lots of it. Ability to grow/kill your own food and live near a source of water. When it comes, and it IS coming, the have nots will be coming for your food. Prep people.

 

[Zebo]

Ammunition, and lots of it. Ability to grow/kill your own food and live near a source of water. When it comes, and it IS coming, the have nots will be coming for your food. Prep people.

It might be your failed neighbors. I was mowing with ATV once and some neighbors waved me over to introduce me to their friends and not in a good way.. "this is survival Z the guy who's house we can go to if things get too bad" arrr..

 

[Zebo]

Zebo's survival keys on a budget.

1. Attitude, Free - like anything in life it all starts there - positive attitude is important to success, and all survival manuals stress it makes the difference between living or dying! Never quit. Never give up. Always look at things half full!

2. Health, Free- If we truly get into a SHTF scenario medicines will not be around so if you're taking insulin or heart medicine you're in big trouble unless you've stocked up. Exercise, be in great shape, have a resting HR less than 60 preferably. The exercise part is good for you no matter what, SHTF or Not. Live longer feel better, sleep better, have more energy etc - and will be crucial in survival situation where foraging for food, planting food or running from predators two legged and four legged alike will you pay big dividends.

3. A good water proof Sleeping bag $100 - When grid shuts down, you have no idea how cold world gets - In a true survival situation, most people die because of hypothermia, not because of lack of water or food. You don't want to build fires for warmth, alerts zombies to your presence, and is a waste of energy that could be used for food acquisition, building, and working instead of chopping and screwing around with fires.

4. A Rugar 10/22 and 2000 rounds ammo $300 - Can kill small game for protein and Keep Zombies at bay.... one per family is fine. Don't be going hog wild on firearms - they will be everywhere anyway if things get too bad.... Too much weight and all survival books say 22lr is all you really need on defensive/survivalist posture.

5. A good knife, good first aid kit and learn manual, lights and radio $300 -
*Knife obvious no other tool you need. eat with it cut, open cans, chop, baton wood, pry etc etc etc...I recommend Busse combats or fallkniven A1 (won't break, won't rust, razor sharp edge retention)
*Lights are obvious... I prefer those wind up & inertia radios and LED flashlights, Radio is to be able to hear we are out of post-apocalyptic hell and news. No batteries, batteries are too heavy and go bad quick especially if you don't keep them dry, leave them on ground or get them hot.
*First aid with manual "Where There Is No Doctor" is good - If you or a loved one is shot or has a broken leg you need to know how to deal with it before it happens. RTFM NOW. Kit should have sutures, compression packs, tourniquets and other heavy trauma fixes. You can toss the fucken foil blanket and other worthless items..

6. One month supply of food $150-$250 per person - It's better not to have to worry about food right away when SHTF
*Beans and rice are cheap and keep almost forever if stored right. Can eat for $40 a month on beans and rice!
*Canned foods will be good if static/staying in one place, last about three years depending what it is. Only issue is weight/calories ratio should you have to move.
* Peanut butter is the best all round survival food. Keeps 2 years. Don't have to prepare it and it's loaded with protein, carbs and fats. Excellent weight/calories ratio!!!

7. Peers FREE - Groups of people provide security and emotional support in many ways - You are going to have to be with honest and trustworthy people who help each other out in order to survive. No Robinson Crusoe - you won't make it.

If you have more money so be it - you know what to do with points presented... just build on them....for example I have 2 500 gallon diesel tanks I rotate keeping fresh fuel just in case for generator and truck gets it interm, have more food, night vision, but essential jist is all above... this guide is designed to be GTG for $1000 in a "go to" ruck sack which just about anyone can get down with dollar wise. Anyway 90% will be mental... 9% physical... 1% what you got.

If you don't mind me asking, what have you done to prepare yourself/your family?

Guns/Ammo? Some
Bullet-proof vests/helmets? none I'm too big plus poor coverage and mass.
Rugged boots/foot wear? 3 pairs of Asolo powermatic 500s in size 13 NIB and similar for family
Appropriate warm/cold clothing? Plenty of hunting clothes in MAX 4 camo
Water purification kits? pond and pool
Medication? EpiPen? Etc. see above
Water supply for a year? pond and pool
Food supply for a year? Seeds? yes
Farm property? Yes
What am I missing? See above

 

[Trianon]

I think people are preparing or hedging for apocalypse Trianon
-heard on NPR rural property in midwest is doubling in some places farmers were upset because they were being squeezed out when wanting to expand
-metals even on TV now
-weapons and ammo explosion
-see bulk/survival food at lots of retailers these days..must be selling or it wouldn't be there.
and so on.

I agree 100%, but what percentile of US population thinks that way at the moment, what do you reckon? I would be surprised if more than 5% are "prepared"

 

[Trianon]

Zebo's survival keys on a budget.

1. Attitude, Free - like anything in life it all starts there - positive attitude is important to success, and all survival manuals stress it makes the difference between living or dying! Never quit. Never give up. Always look at things half full!

2. Health, Free- If we truly get into a SHTF scenario medicines will not be around so if you're taking insulin or heart medicine you're in big trouble unless you've stocked up. Exercise, be in great shape, have a resting HR less than 60 preferably. The exercise part is good for you no matter what, SHTF or Not. Live longer feel better, sleep better, have more energy etc - and will be crucial in survival situation where foraging for food, planting food or running from predators two legged and four legged alike will you pay big dividends.

3. A good water proof Sleeping bag $100 - When grid shuts down, you have no idea how cold world gets - In a true survival situation, most people die because of hypothermia, not because of lack of water or food. You don't want to build fires for warmth, alerts zombies to your presence, and is a waste of energy that could be used for food acquisition, building, and working instead of chopping and screwing around with fires.

4. A Rugar 10/22 and 2000 rounds ammo $300 - Can kill small game for protein and Keep Zombies at bay.... one per family is fine. Don't be going hog wild on firearms - they will be everywhere anyway if things get too bad.... Too much weight and all survival books say 22lr is all you really need on defensive/survivalist posture.

5. A good knife, good first aid kit and learn manual, lights and radio $300 -
*Knife obvious no other tool you need. eat with it cut, open cans, chop, baton wood, pry etc etc etc...I recommend Busse combats or fallkniven A1 (won't break, won't rust, razor sharp edge retention)
*Lights are obvious... I prefer those wind up & inertia radios and LED flashlights, Radio is to be able to hear we are out of post-apocalyptic hell and news. No batteries, batteries are too heavy and go bad quick especially if you don't keep them dry, leave them on ground or get them hot.
*First aid with manual "Where There Is No Doctor" is good - If you or a loved one is shot or has a broken leg you need to know how to deal with it before it happens. RTFM NOW. Kit should have sutures, compression packs, tourniquets and other heavy trauma fixes. You can toss the fucken foil blanket and other worthless items..

6. One month supply of food $150-$250 per person - It's better not to have to worry about food right away when SHTF
*Beans and rice are cheap and keep almost forever if stored right. Can eat for $40 a month on beans and rice!
*Canned foods will be good if static/staying in one place, last about three years depending what it is. Only issue is weight/calories ratio should you have to move.
* Peanut butter is the best all round survival food. Keeps 2 years. Don't have to prepare it and it's loaded with protein, carbs and fats. Excellent weight/calories ratio!!!

7. Peers FREE - Groups of people provide security and emotional support in many ways - You are going to have to be with honest and trustworthy people who help each other out in order to survive. No Robinson Crusoe - you won't make it.

If you have more money so be it - you know what to do with points presented... just build on them....for example I have 2 500 gallon diesel tanks I rotate keeping fresh fuel just in case for generator and truck gets it interm, have more food, night vision, but essential jist is all above... this guide is designed to be GTG for $1000 in a "go to" ruck sack which just about anyone can get down with dollar wise. Anyway 90% will be mental... 9% physical... 1% what you got.

Kudos to you, my friend, back in the USSR there was a saying "Forewarned means armed". Looks like you are in that 5% I mentioned above. Your mindset allows for a relative peace of mind, and that is dear these days.
Good site with some gear reviews: http://www.themodernsurvivalist.com/
Flashlights, knives, etc... and stories of how quickly things fall apart when social contract fails and survival instincts kick in...

 

[Zebo]

Kudos to you, my friend, back in the USSR there was a saying "Forewarned means armed". Looks like you are in that 5% I mentioned above. Your mindset allows for a relative peace of mind, and that is dear these days.
Good site with some gear reviews: http://www.themodernsurvivalist.com/
Flashlights, knives, etc... and stories of how quickly things fall apart when social contract fails and survival instincts kick in...

We have a saying here too: prior proper planning prevents piss poor performance. I hope I'm 100% wrong and these funny money tricks work and don't have to preform and everyone can call me an idiot.... not a world to look forward to but failure to plan, as cheap as it is is irresponsible IMO.

Thanks for review site!

 

[Acanthus]

I don't think we are reaching an "end of civilization" era. The only way the US would fall into chaos is a revolt from within.

That being said, i hear peanut butter is the most calorie dense food you can acquire that keep for a long time

 

[Trianon]

We have a saying here too: prior proper planning prevents piss poor performance. I hope I'm 100% wrong and these funny money tricks work and don't have to preform and everyone can call me an idiot.... not a world to look forward to but failure to plan, as cheap as it is is irresponsible IMO.

Thanks for review site!

I abide with Dick Marcinko, rule of 6P's always helps, ... And the feelings are familiar, I lived in Ukraine during 1991-1995 period, not a fun time by any means. We can hope for whatever, but simple logic says we have to consider different adverse outcomes. Current situation is Black Swan only to those in denial.

 

[Trianon]

I don't think we are reaching an "end of civilization" era. The only way the US would fall into chaos is a revolt from within.

I don't think it's that dramatic either, but abrupt worsening of lifestyle standards is very likely, and one has to consider what to do in that situation, e.g. just going to the office is not going to put food on the table. When ppl lose faith in govt backed money, it all boils down to barter, which is most of the time trade of physical goods and services.

 

[Zebo]

I don't think we are reaching an "end of civilization" era. The only way the US would fall into chaos is a revolt from within.

That being said, i hear peanut butter is the most calorie dense food you can acquire that keep for a long time

It'll be a slow erosion I think thankfully because so much in supply chain, so much infrastructure, and America is too big to fail with it's arsenal. But buying what you need that's not on the shelf with worthless dollars may be problematic so it's best to get on it before markets crash, dollar falls to 50, etc...

See my survivalist guide I mention peanut butter and have 20ea of crunchy and creamy Jif.

 

[Zebo]

I abide with Dick Marcinko, rule of 6P's always helps, ... And the feelings are familiar, I lived in Ukraine during 1991-1995 period, not a fun time by any means. We can hope for whatever, but simple logic says we have to consider different adverse outcomes. Current situation is Black Swan only to those in denial.

I don't know what happened in Ukraine but fall of Soviets but it's probably same thing, moved to command economy and failed. Like we are doing. If govt is not spending we have no economy left.

Besides failure to keep our people working and offshoring our production of goods the other major problem is government spending is the only thing sustaining us at this point. It is not complicated, if you factor social security recipients, unemployment, welfare, food stamps, government workers, and government subsidized health care, contractors, etc.. over 50% of GDP is govt spending and half is done on debt. Over 2/3 depend directly on state/local/federal government to eat.

See govermentspending.com It's 7.5 trillion in spending between federal and state/local and half is done on debt.

Without government spending, all spending will evaporate, health care revenues disappear since over half of that is govt spending, so will private sector jobs... we are so trapped most have no idea.

This debt death spiral is not very well understood by society but congress understands very well the extent of dependency on government spending for our economy to function; hence even the most right wing politicians only squabbles over 30-70Billion in cuts in a 2 trillion dollar federal deficit economy. In other words it's a show, a distinction w/o difference, a highway to hell.

^ this does not include what Federal Reserve is doing...giving 21,000 well connected recipients over $3.3 trillion in bailouts. Unelected, no accountability, just predicated if you got juice or not which destroys the value of anything average Americans have saved.

My only question is how long before it blows up? Can't continue in perpetuity like this ask Wiemar or Zimbabwe.

 

[spidey07]

I'm talking more about when the food stamps and welfare get cut and we start looking like greece where the have nots will simply riot when their entitlements run out of money.

 

[Doppel]

No matter how much the economy crashes in the US I doubt anybody here can elucidate a scenario in which people are attacking others for food in any meaningful numbers. This is not 1735. All but the most destitute of nations in the world have enough wealth and technology to feed their people on a small percentage of total productivity. The US produces easily enough oil internally to farm its millions of acres and distribute to the population even if half of us were sitting at home twiddling our thumbs.

There could certainly be temporary issues--we've seen that in other countries recently--but a long term idea of getting a rifle in front of your pile of food seems unlikely. A war could change that but more likely the basics would be available and you'd lose certain luxuries like liqour or coffee.

 

[spidey07]

No matter how much the economy crashes in the US I doubt anybody here can elucidate a scenario in which people are attacking others for food in any meaningful numbers. This is not 1735. All but the most destitute of nations in the world have enough wealth and technology to feed their people on a small percentage of total productivity. The US produces easily enough oil internally to farm its millions of acres and distribute to the population even if half of us were sitting at home twiddling our thumbs.

There could certainly be temporary issues--we've seen that in other countries recently--but a long term idea of getting a rifle in front of your pile of food seems unlikely. A war could change that but more likely the basics would be available and you'd lose certain luxuries like liqour or coffee.

Note to self. Learn how to grow corn (I don't have enough land right now to do it) and make whiskey.

 

[Trianon]

I don't know what happened in Ukraine but fall of Soviets but it's probably same thing, moved to command economy and failed. Like we are doing. If govt is not spending we have no economy left.

Besides failure to keep our people working and offshoring our production of goods the other major problem is government spending is the only thing sustaining us at this point. It is not complicated, if you factor social security recipients, unemployment, welfare, food stamps, government workers, and government subsidized health care, contractors, etc.. over 50% of GDP is govt spending and half is done on debt. Over 2/3 depend directly on state/local/federal government to eat.

See govermentspending.com It's 7.5 trillion in spending between federal and state/local and half is done on debt.

Without government spending, all spending will evaporate, health care revenues disappear since over half of that is govt spending, so will private sector jobs... we are so trapped most have no idea.

This debt death spiral is not very well understood by society but congress understands very well the extent of dependency on government spending for our economy to function; hence even the most right wing politicians only squabbles over 30-70Billion in cuts in a 2 trillion dollar federal deficit economy. In other words it's a show, a distinction w/o difference, a highway to hell.

^ this does not include what Federal Reserve is doing...giving 21,000 well connected recipients over $3.3 trillion in bailouts. Unelected, no accountability, just predicated if you got juice or not which destroys the value of anything average Americans have saved.

My only question is how long before it blows up? Can't continue in perpetuity like this ask Wiemar or Zimbabwe.

Well, referring to Ukraine, I meant that people in 1986 at the beginning of perestroika could not imagine the chit they would have to go thru to survive in 1991-1995... Every former Soviet republic went thru some kind of crash, often GDP fell to 10% of pre-crisis output.
Throw end of cheap energy crisis into the mix and you get full enchilada I concur 110%. For good summary I would recommend Chris Martenson's "The Crash Course" or Bud Conrad's "Profiting from World's Economic Crisis"
http://www.amazon.com/Profiting-Worl...tt_at_ep_dpt_1

 

[Zebo]

Hey I really appreciate that link Tri, I've been trying to figure out what to invest my fleeting dollars in. (I think stock market is pyramid scheme so it's not an option & oil properties are overpriced currently) Ordered.

That's what we need more of, solutions...

 

[Doppel]

Note to self. Learn how to grow corn (I don't have enough land right now to do it) and make whiskey.

Corn seems pretty easy from what I can tell driving by corn fields Also hard to hide, though. it's not practical to have a huge garden of lovely veggies while your neighbors are fighting over scraps unless you're going to booby trap it or never go to sleep.

 

[spidey07]

Corn seems pretty easy from what I can tell driving by corn fields Also hard to hide, though. it's not practical to have a huge garden of lovely veggies while your neighbors are fighting over scraps unless you're going to booby trap it or never go to sleep.

Corn is tough because you need a lot of it to get proper fertilization. The plan with current neighbors is we would have somebody on guard at all times.

All it takes for chaos to come is a power outage of more than a day. People freak if they can't go to a restaurant and get food. Many/most don't have enough food in their house to last a couple days.

 

[Doppel]

Corn is tough because you need a lot of it to get proper fertilization. The plan with current neighbors is we would have somebody on guard at all times.

All it takes for chaos to come is a power outage of more than a day. People freak if they can't go to a restaurant and get food. Many/most don't have enough food in their house to last a couple days.

The grid in the US is a joke IMO and I think vast blackouts would be extremely easy to come by with a natural disaster or something else. There would be food and things would come online but certainly it would be a nice comfort not necessarily having to go to some FEMA lineup with the rest of the dolts who have no more than 48 hours of food in their house at any one time. I do keep more food in the house than most people, I just don't really envision it ever doing anything but rotting (we try to keep food that we normally use anyway, but inevitably I let the supply get lower than I ought).

 

[Trianon]

Hey I really appreciate that link Tri, I've been trying to figure out what to invest my fleeting dollars in. (I think stock market is pyramid scheme so it's not an option & oil properties are overpriced currently) Ordered.

That's what we need more of, solutions...

for some decent info from like-minded folks visit
www.zerohedge.com
www.chrismartenson.com

Yeap, solutions are known, but powers that be don't want to face the music and lose their cushy positions, they prefer to run the scam until they run out if the road... just hoping it happens not on their watch. Did you watch Roberts interview I linked? Short and sweet summary

 

[Mr. Lennon]

The solution is clearly to give tax cuts to big business so they can start hiring. We are doing it here in Michigan and it's working out great! Trickle down always works! Once people are back to work they can buy/keep their homes again.

 

[werepossum]

Both sides favor trickle down. Pubbies favor cutting taxes under the theory that the saved wealth of resource owners will trickle down, the obvious flaw being that since resource owners get to be resource owners by spending less than they take in, inevitably a portion of that money does not trickle. Dems favor increasing taxes under the theory that the seized wealth will trickle down from government, the obvious flaw being that since government consumes a good portion of that wealth in the taking and distributing, inevitably a portion of that money does not trickle.