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01/29/2013 05:32:29 AM · #151 |
Originally posted by Bear_Music:
Personally, I have been rather partial to land...it's not like someone can put in their back pocket and sneak away in the dark.
Ray |
Yeah, but land means taxes and insurance. It requires outlay while you hold it.
Originally posted by Financial Web:
But what makes investing in land so risky? Well, here are some issues to consider:
1. The majority of raw land purchases generate no income during the period of ownership, thereby creating a negative cash flow situation due to the accrual of ongoing property taxes.
2. Because land is fundamentally considered indestructible, there's no depreciation allowed for federal income tax purposes.
3. The municipality in which the land is located governs by zoning how the land can be used.
4. Development of the land is also subject to environmental testing and regulations.
5. Raw land is the most illiquid investment of all of real estate; which, as a whole, is considered to be an illiquid investment genre. It can take literally years to sell some land parcels, and others truly may not be marketable at any price. |
... and while I fully agree with the pratfalls identified here, I guess I just lucked out a few years back. I took over the mortgage on a rather significant piece of land and low and behold a short time later a developer expressed an interest in it.
He put in the services and every time he built a house I got a portion of the sale price and did quite well. I still own several acres of property in different places that are all paid for (have been for decades) and those located in the ski resort area seem to be increasing in value every minute.
I guess I got my appreciation for land from my father who used to say: "Buy land... they don't make any more of that" and one must also remember that people like my father lived through the great depression and land was most certainly something one could depend on.
No matter, all that I own owned is now in my daughter's name... except my camera gear. :O)
Ray
Message edited by author 2013-01-29 05:32:41. |
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01/29/2013 07:46:21 AM · #152 |
Originally posted by DrAchoo:
My son showed this to me today and said he was laughing so hard he cried. I think it may sum the problem up succinctly.
iPad mini commercial parody |
Toby is a funny guy. I've watched a lot of his older Minecraft videos.
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01/29/2013 11:36:14 AM · #153 |
Originally posted by Strikeslip:
Originally posted by DrAchoo:
My son showed this to me today and said he was laughing so hard he cried. I think it may sum the problem up succinctly.
iPad mini commercial parody |
Toby is a funny guy. I've watched a lot of his older Minecraft videos. |
Ya, that's where Caden knows him from. That and his Literal clips. Personally my favorite is his song Sideburns |
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01/29/2013 01:16:38 PM · #154 |
Originally posted by DrAchoo:
Originally posted by Strikeslip:
Originally posted by DrAchoo:
My son showed this to me today and said he was laughing so hard he cried. I think it may sum the problem up succinctly.
iPad mini commercial parody |
Toby is a funny guy. I've watched a lot of his older Minecraft videos. |
Ya, that's where Caden knows him from. That and his Literal clips. Personally my favorite is his song Sideburns |
He cracks me up. I hope he gets a cool gig someday. I think he'd be a great TV host, even rivaling the likes of Tom Bergeron, who I also enjoy.
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01/29/2013 01:45:13 PM · #155 |
Originally posted by Strikeslip:
Originally posted by DrAchoo:
Originally posted by Strikeslip:
Originally posted by DrAchoo:
My son showed this to me today and said he was laughing so hard he cried. I think it may sum the problem up succinctly.
iPad mini commercial parody |
Toby is a funny guy. I've watched a lot of his older Minecraft videos. |
Ya, that's where Caden knows him from. That and his Literal clips. Personally my favorite is his song Sideburns |
He cracks me up. I hope he gets a cool gig someday. I think he'd be a great TV host, even rivaling the likes of Tom Bergeron, who I also enjoy. |
Another good one:
//www.youtube.com/watch?v=RyWSEwKPo8s
Message edited by author 2013-01-29 13:45:20. |
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01/29/2013 02:46:53 PM · #156 |
| That's pretty funny. I think the point is who would have thought about ridiculing Apple two years ago? For most comedians it would have been ostracizing to much of their audience. We seem to have reached the tipping point where taking shots like this is back in vogue. We all remember when this happened to Microsoft and they never really got it back after that (not to say they went bankrupt or anything). I think it's more signs of a maturing company that can no longer sustain the growth rate it previously enjoyed. |
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04/17/2013 03:28:04 PM · #157 |
| Damn...getting crushed today...hovering around 400...hope most people took some profits and ran... |
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04/17/2013 03:41:31 PM · #158 |
| Today was the first day I actually thought of buying, but I didn't. I didn't think it would get down to 400 though. Ouch. |
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04/23/2013 02:11:24 PM · #159 |
| AAPL reports after market close today. Will be interesting to see what transpires. Is this the bottom or will the slide continue? |
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04/23/2013 02:25:28 PM · #160 |
I dumped ALL the rest of mine a while ago at $450. After all my buys & sells of AAPL, at least I finished off in the black, but not by much.
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04/23/2013 04:22:32 PM · #161 |
Originally posted by Strikeslip:
I dumped ALL the rest of mine a while ago at $450. After all my buys & sells of AAPL, at least I finished off in the black, but not by much. |
patience is a virtue :) |
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04/23/2013 04:26:36 PM · #162 |
Originally posted by h2:
Originally posted by Strikeslip:
I dumped ALL the rest of mine a while ago at $450. After all my buys & sells of AAPL, at least I finished off in the black, but not by much. |
patience is a virtue :) |
Patience lost me $35,000 this year. :-(
Message edited by author 2013-04-23 16:27:08.
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