Mark I saw the housing bubble coming. I made money in REITs, Real Estate Investment Trusts. The Fed predicted the housing crash when people were paying over market prices. The Fed posted an article about record foreclosures in Florida. Everyone here said it wasn't happening. I got out of REITs.
According to the news, a $300,000 loan once cost $1300 a month. After the Fed increased rates it's now $2000 payment. There may be cheaper rates. Fed is predicted to raise rates again this week.
Don't forget the price of lumber went through the ceiling. The price of copper wire is insane.
I refuse to build anything.
I built this house 30 ago around an old house.
I've owned this house for 45 years now.. I put 25,000 brick on this house and doubled the size It took me 5 years to completely remodel. Never again. This is my forever house. I built it the way I wanted it. I used plywood not particle board. I'll never sell this house and I'll most likely not buy another house in FLORIDA. I'm not that rich..lol
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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