Well it just became offical, were in a recession and have been since December of 2007.

http://www.msnbc.msn.com/id/27999557/

From the Krugman video on the left; "talking about parallels with the Great Depression, may not become all that hard to do."

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

I was in the bank today when that "We're in a recession" blipped across the screen. I said to the teller "Gee no s***. We need an expert to tell us the economy's going down the drain?"

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

My investments are still doing OK.



Someone told me were in a recession and I snapped back "No *****.... How did you come up with that?"

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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.

Doesn't surprise me one bit. I knew once 2008 started that we were in one, now is the part where it gets really deep!

Thankfully I just sold the used house we were sitting on so now were not sitting on much! Now my investments are doing OK. As long as I can keep selling stuff at a reasonable rate this is a good market. Deals are everywhere.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Yep, a pretty good amount of deals. There is a duplex for sale locally for $80k. My dad has been kicking around the idea of getting it and renting it out.... Would make that money back fast, even today.




My friend was high on life 2 years ago. Had 5 properties, new Lexus, doing well.



Sold two houses, and lost the other three in the past 6 months. Lexus is scheduled to get re-poed in a week.

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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.

Ours too.
We’ve found it fairly safe to invest in aluminum and dirt.

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1980 300D - Veggie Burner !

well dirt around here has dropped like well dirt.was selling for over 8000 an acre in april/may now they can't even get bids for over 4000.

My investments are all in realestate. Lucky for me its all Commercial and where I live it hasnt been killed that bad and things are moving a little. I am glad I sold off my old summer home on the beach about 2 years ago and got top for it. I do have some in stock not as much as I use to.

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2015 ML350 4Matic. Wifes DD
2015 GLK350 4Matic. My winter DD
2012 E350 4Matic. Road Trip car
2009 CLK350 Coupe Designo.Kleemann Tune For nice days/DD
2006 CL600. V12.Eurocharged Tune. Enough said
2005 CLK55 AMG Coupe.Kleemann Tune. For the sound and style
2004 CLK320 Cabriolet. 2005+ Interior swap. For the sunny Florida days & beach days

Justin if it cash flows positive buy it! Cash flow is still hard to get around here on the small stuff. The numbers are closing in, but still don't make sense.

Cash flowing properties should always be bought, more so in this market since this is very much a buy and hold market. Since your making money holding it you can afford to wait as long as needed, until you die and trust it to your heirs if you want. My buy and sell strategy is bucking it, so I don't make as much.

I'm betting your friend's properties were not cash flow positive...

Right now my money is in two dirt building lots. As long as you can get them for $50k-$100k, even the postage stamp ones can be profitable. But in this market paying $50k is really what you want.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Ouch.
We're ok here.
Most of it is the ranch/airport and we arent looking to sell it anytime soon. A few rentals that do good. Most of the dirt is for the long run.

The aluminum is still making money. As for selling... The high end units aren’t going anywhere any time soon. The rest... make an offer.

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1980 300D - Veggie Burner !

My investments are doing great awwwww wait no I got F*****

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

Haw...aluminum; it's plane to see you're talking about more of a finished product, right? Had me guessing there for a minute since Alcoa has closed Rockdale ingot operations and the market price is down $300/ton since last spring.

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Never a dull moment at Berry Hill Farm.

I hope Alcoa doesn't close the plant near my city, we are almost giving them the power...

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1999 Toyota Corolla VE (Mine)
2006 Honda Odyssey (Wife's)
1979 300CD (sold)

I heard a couple of people on radio and TV say that the news that we are in an official recession caused the big drop in the Dow Jones yesterday. If that is true, then apparently the recession was news to a lot of people. Seems odd to me.

If you remember Skid Row Joe you amy recall his parroting of talk radio hosts saying there is no recession, not to mention that 90% of the workers bee's have no idea what a recession is. No idea being I don't think they could get it right on a true of false quiz.


they know how to use the word though