JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,761
- 2,220
- Thread starter
- #81
It is a bubble again and it will likely pop again once interest rates are allowed to go up again.all told I have just under 40 acres in the county, I have a feeling it would be out of my price range in MiamiHow funny can you get?as someone that owns property, I can tell you what obama has done to us financially, My property is now only worth around 500,000 where when he took office it was just over 1 million. I think thats a fairly large hit. Liberals might not agree.
If you lived in Miami, your property would have been worth over 3 million dollars.
Oh yeah; Miami has gone insane!
Interest Rates can never go up until Trump becomes president; there are simply way too many people making way too little money.
Hillary and Cruz will be business as usual and the multi-millionaires and billionaires will continue to cry that they can't build their 20th mansion or go to Europe 40 times a year instead of 39.
I think that is why every major depression/recession has started under a GOP President since the Federal Reserve was created; the GOP's POTUSes are the only ones willing to handle a bubble bust and then sort things out.