Quote:
Originally Posted by 12clicks
No, Obama is killing the economy
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its not just obama, its the entire govt...
until people feel enough pain, this is the road we will continue on..
i cant believe the economists continue to base economic recovery on principles of the depression..
total fucking idiots... we are a global economy now with a greater population than ever before.. the old models dont work and should not be referenced..
with that being said, i am loving this failing economy as well as the rest of my friends with cash..
there are so many opportunities in real estate right now it's ridiculous..
and i'm not talking about long term investments here.. there are houses in my area that sold for $100-$150k 3-5 years ago that the bank is letting go for $20-$30k.. most of them need about $15-$25K in repairs, but they are being flipped for $30-$50k profit after 2-3 months..
the only downside is that you have one day to pull the trigger. these houses are showing up on the market and being sold the same day.. all to investors... the banks want cash deals right now, no financing...
i just grabbed another place out of foreclosure for $60k cash that sold for $255k in 2007....
so, i do thank mr obama and the congress for that...
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