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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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