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SUPAstarr wrote:~*§ãñCħїą*~, i agree what goes up must come down, the upward spiral of property prices will soon peak, the question is when???
BANzai Rastafarai wrote:what about consolidating other loans to take out a mortgage?....investment?
~*§ãñCħїą*~ wrote:Not right now..
It doesn't make any sense buying a house right now, and not only is it because of the recession but in about a year or so Real Estate prices are going to plateau!! And then dive sharply because Real Estate is getting too expensive and out of reach of the average person. Land developers are going to have an excess amount of homes on their hands and will start reducing prices to raise interest in the buying public. The price you pay now for Real Estate.. you will never get back when you try to sell!!
Mini wrote:BANzai Rastafarai wrote:what about consolidating other loans to take out a mortgage?....investment?
i not sure what you getting to...
lemme take a stab at it...
when I bought my van... i was offered to consolidate the mortgage with the van loan.... I was like "uh uh... I not paying for the van for the next 20 years"
evo-STI-k wrote:prices on Houses still to high boy Banzai!
Wait it out- WHEN the recession hits, then might be a better time to buy providing you have catered for it!
Or invest in some land in a distant part of trinidad !
BANzai Rastafarai wrote:
...im talking about paying off other loans and freeing up your finances to handle a Mortgage...like paying off a car loan and other "small" loans as part of the Mortgage loan amount......even taking out a "fund" to the tune of say, $80K as part of the loan that you dont touch for the period of th mortgage....things like that...
evo-STI-k wrote:As i said ...make sure you have catered for it!
Now really is NOT the time to buy!
It will flatten out and DROP,
When people are really forced to watch their pockets, rethink their living strategies( and decide to live at home more) , and the real estate market comes to a screeching HALT- prices will come down!
The problem then will be being in the right place at the right time!
aR&D wrote:~*§ãñCħїą*~ wrote:Not right now..
It doesn't make any sense buying a house right now, and not only is it because of the recession but in about a year or so Real Estate prices are going to plateau!! And then dive sharply because Real Estate is getting too expensive and out of reach of the average person. Land developers are going to have an excess amount of homes on their hands and will start reducing prices to raise interest in the buying public. The price you pay now for Real Estate.. you will never get back when you try to sell!!
beauty and brains! .....
US global dominance 'set to wane'
US economic, military and political dominance is likely to decline over the next two decades, according to a new US intelligence report on global trends.
The National Intelligence Council (NIC) predicts China, India and Russia will increasingly challenge US influence.
It also says the dollar may no longer be the world's major currency, and food and water shortages will fuel conflict.
However, the report concedes that these outcomes are not inevitable and will depend on the actions of world leaders.
It will make sombre reading for President-elect Barack Obama, the BBC's Jonathan Beale in Washington says, as it paints a bleak picture of the future of US influence and power.
The US will remain the single most important actor but will be less dominant
Global Trends 2025
"The next 20 years of transition to a new system are fraught with risks," says Global Trends 2025, the latest of the reports that the NIC prepares every four years in time for the next presidential term.
Washington will retain its considerable military advantages, but scientific and technological advances; the use of "irregular warfare tactics"; the proliferation of long-range precision weapons; and the growing use of cyber warfare "increasingly will constrict US freedom of action", it adds.
Nevertheless, the report concludes: "The US will remain the single most important actor but will be less dominant."
Nuclear weapons use
The NIC's 2004 study painted a rosier picture of America's global position, with US dominance expected to continue.
But the latest Global Trends report says that rising economies such as China, India, Russia and Brazil will offer the US more competition at the top of a multi-polar international system.
NIC REPORT
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The EU is meanwhile predicted to become a "hobbled giant", unable to turn its economic power into diplomatic or military muscle.
A world with more power centres will be less stable than one with one or two superpowers, it says, offering more potential for conflict.
Global warming, along with rising populations and economic growth will put additional strains on natural resources, it warns, fuelling conflict around the globe as countries compete for them.
"Strategic rivalries are most likely to revolve around trade, investments and technological innovation and acquisition, but we cannot rule out a 19th Century-like scenario of arms races, territorial expansion and military rivalries," the report says.
"Types of conflict we have not seen for a while - such as over resources - could re-emerge."
Such conflicts and resource shortages could lead to the collapse of governments in Africa and South Asia, and the rise of organised crime in Eastern and Central Europe, it adds.
And the use of nuclear weapons will grow increasingly likely, the report says, as "rogue states" and militant groups gain greater access to them.
But al-Qaeda could decay "sooner than people think", it adds, citing the group's growing unpopularity in the Muslim world.
"The prospect that al-Qaeda will be among the small number of groups able to transcend the generational timeline is not high, given its harsh ideology, unachievable strategic objectives and inability to become a mass movement," it says.
The NIC does, however, give some scope for leaders to take action to prevent the emergence of new conflicts.
"It is not beyond the mind of human beings, or political systems, [or] in some cases [the] working of market mechanisms to address and alleviate if not solve these problems," said Thomas Fingar, chairman of the NIC.
And, our correspondent adds, it is worth noting that US intelligence has been wrong before.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/a ... 741049.stm
Published: 2008/11/21 11:38:30 GMT
© BBC MMVIII
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