Search results

Never thought of THAT problem but I am a believer in peak oil so I would think people would gravitate towards smaller, warmer towns where they don't need as much oil and gas. Florida is a disaster area and the desert towns have no appeal to me personally. And I can't afford SF. Nothing is...

Reliably collecting "good" rent and keeping the property "safe and in good condition" look to be problems. I had a look around New Mexico property and there are plenty of $1k building sites (but even in the desert they're small :eek:) What are the holding costs? I have a scattergun...

Does anyone know about New Mexico? I believe it is one of the few states which has it's financial house in order but I assume, like Texas, things are pretty stable there.

So you are having a currency play. That's OK I don't blame you but I come back to the point I've made a couple of times: There IS no currency play if you buy with A$s. You must use local cash to make that home run.

Try this link: http://www.somersoft.com/forums/search.php?searchid=3673846 and you will see that I [AKA Thommo] was predicting pretty accurately six years ago. On what basis do you say we will fall again?

That is why I would only go there if I could borrow in US$. No way would I take good A$ to spend there. What are these LLCs that allow foreigners to borrow there?

This is a philosophical question: If properties are so CHEAP why aren't the locals buying? I'm not just stirring here. Is it that the Yanks have seriously become the haves and have-nots, with 90% the once prosperous middle class now with no funds and no FICO score? Are there really a hundred...

I'm curious re "Why LV?" I've done a little reading which excludes the cold, mid west. Old rust-belt industries which are too far gone to be revived. If there is no work why live there and pay so much for heating which, if the peak oil story is to be believed, will only get worse...

I'm thinking that the presenter could easily have a "spotter" or two in the audience to signal back possible "live ones" and "lost causes" to Boholt. The information that Emma was experienced would not go down well. Poor form, of course. :(