All Forum Posts by: Account Closed

Originally posted by Richard Warren:

Originally posted by Hal Cranmer:

Deflation in a free market is a wonderful thing.

However, when a manufacturer has a cost of $100 to manufacture something and he now must sell it for $50, how is that a good thing? How long can he stay in business?

I believe Hal is putting the emphasis on "free market" for deflation being good (correct me if I am wrong). Deflation in a manipulated market is not a good thing. In the context of the manufacturer having production costs of 100.00, selling a product now worth 50.00, the 100.00 production costs were probably inflated (manipulated) as a result of too much credit, and too much printed fiat money in circulation. Which goes back to the banks, which goes back the fed, which goes back to we're not in a true free market terms of currency.

Originally posted by Harrison Painter:

What comes after Trillion?

A Brazilian

I was just reading yesterday that it took 200 years to get 800 Billion Dollars into circulation, and over the last 6 months we've more than doubled that amount. That article was about 6 to 8 months old.

NPR just mentioned a reminder that as of today analog TV signals will no longer be sent out. Also mentioned was that more Americans remembered "switch to digital TV day" than what day tax day falls on.

That does sound weird. Many people pay online. Isn't that enough proof? Probably in that case.

Great question. I believe many have it.

Some of us are trying to get a forum or website section put up here specifically for property management company reviews. A rip off report for the bad management companies and a thumbs up type of deal for the good companies. We are compiling a list of items we'd like to rank property managers on.

Here is the thread if you wish to contribute:

http://biggerpockets.com/forums/25/topics/26144-forum-suggestion-addition?highlight=

Hopefully one day we'll see it up and can use the tool to find quality property managers through unbiased reviews.

What about income taxes on rental income? Is that factored in the 50% rule as an operating expense?

Good article Richard! Thanks for writing.

I am an Austrian school conspiracy theorist. Since there is no free banking market with a federal reserve system in place I agree: Clinton should not have signed that repeal. He has some blame. He was probably getting a happy ending when the repeal was put on his desk.

Ultimately I hold that the blame goes back to a December day in 1913. In my opinion, no matter how you slice it, giving a central cartel of bankers the ability to expand and contract a fiat money supply, complemented by a fractional reserve banking system... well, based on world history, there is zero probability of our currency surviving. The question is how will it go out; inflation or deflation. I know we'll remember where we are on that date if we're still around when it happens. I predict inflationary crash in 4 years. that's right, you heard it here first; Matty's Conspiracy Theory Forecast.

I read that real estate works out in that scenario if we pay off our loans just before the currency hyper implodes, gets replaced, and is reset back to a some standard that holds intrinsic value.

This is simply not true. I know because a "guru" once told me rents never drop :)

Originally posted by Adam Black:

I am very interested in this coming to fruition. But reasons are selfish, I would like to see what you guys look for in PMs and what you don't like so we can make changes to ours.

That is awesome Adam!
My reasons are far from altruistic as well. I simply want an unbiased review of property management companies in various areas. A "rip off report" if you will for some. And a "two thumbs up" report for others. Reviews on a site like this where many here will be able to discern if the "thumbs up" reviews are legit or not, will yield confident decisions for many of us in choosing property managers. I am simply looking for the best managers to run stuff. Also selfish.

Not enough interest in this one?
I am really interested in this one. I'd love to see it. Will thanks for offering to help out. I know you have a lot of experience in this area.