Quote:
Originally posted by Capt. Carrera
"History cautions that extended periods of low concern about credit risk have invariably been followed by reversal with an attendant fall in the prices of risky assets"
Translation:
"The housing bubble in California, Florida, and a few other georaphic areas, is fixin' to bite a bunch of people in the ass..."
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Florida checking in.
I pulled out of my investment house and decided to sit tight and just rake it in while I can with my land surveying company. I feel lijke Allen might be on to something. The question is WHEN?
Mortgage is paid off and I have ZERO debt. I am ready for a recession and I have been planing for one for over a year now.
Allen might be right. I am not about to gamble 100's of thousands trying to prove him wrong.
At this point in my life I can get by just fin flipping burgers for a living.
Want fries with that?