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 - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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