Thank you for your answer

You mentioned one thing I forgot

Countries with lower or terrible GDP-Well even here the laws has to protect these countries-how this should be made-I don't know

And a thing I forgot

Profiting-Same here-these laws shall be made to prevent these people to profiting on other people-Don't know how to explain it.

Let me give an example instead.

A company hire some foreigner to work in their factory-they get just barely enough so they have food for the day and they have to live together many in a small apartment ´cause they wouldn't have enough to pay a rent by them self. The different, between the salary and the price the company takes for its product-the company owner take for them self.

That is profiting on other people or some of it-there are many ways to do so.

Markus

Panic over business as normal or as they would say what panic where?

Many will have lost out but many will have grasped the recent opportunities on offer and made substantial gains.

I'm hoping for a few more corrections. I just sold my Pearland house, would love a buying bargain in the next three months.

In god we trust?? 'Francly' I'm dubious
 

Exactly; in settling my dad's decade-old portion of my mom's trust-mostly bonds and Coca Cola/conservative stuff, the market downturn, essentially a profit taking quick dump, would have saved capital gains on his 12 year's gains in value and avoided what a consider 'double taxation' w/o throwing in the the chronic devaluation of the dollar:...essentially printed paper to begin with. The recovery has taken that window of opportunity away...again. No problem: I'll just sit tight till they devalue the Yuan again. What is the non-gold backed dollar worth? is my biggest worry and 23 countries-no longer backing their currency with dollars-agree with me. I regard the stock market as essentially a giant government-run casino; it and the dollar are not reliable.:damn: Plan A:hmmm:: convert all to Swiss francs and move to Canada:yeah: Eh!
http://www.foxnews24x7.com/2013/04/10-most-expensive-currency-in-world.html

It's rare the bloody things come down, isn't it? Good if you're selling but trying to get back into the market at a decent level for the money... :dead:
Prices in the UK are getting a bit ridiculous now, pricing a lot of people out of the market, one would hope that this would bring them down but what happens instead is that the ones in ideal locations such as in holiday towns by the seaside get snapped up by holiday companies and rented out as holiday homes. :/\\!! Thus driving any youth out of the area. :/\\!!

Still, that's the system for you, if people can make $138k out of a former broom cupboard measuring 10ft by 8ft, or $261k for a 11ft by 7ft janitors storeroom, then they're not exactly going to stop are they?

Slovenia is even worse off.
According to a research done there's enough apartments in Slovenia to house a 3 million population (current is 2 million) and people still live with their parents because a one room apartment is rented for a third on an average wage and companies go bust because lowering the rent to fill the places is preposterous. Better to sink than have lower than the pre-2008 projected profit. :/\\!! Bunch of mooorooooons, idiocracy.

You're right, they won't stop. I don't blame them. When I stopped by a realtor earlier this year to get their take on homes selling in my area, I was shocked when I learned the local housing market is going wild. No wonder renters in the area cannot find a house (other than apartments, there are plenty of them). My current renter at the time was paying me about $300 under market. And he was chronically late, often 3 weeks at a time, and bounced two checks. He had no excuse, he made plenty of money (more than me), he just took advantage of my good nature. He had no shortage of toys (motorcycle, expensive tools, new truck, etc). When I discovered that my house had increased in value 40% in the last ten years, I gave him 30 days notice and sold it.

The thing is, house prices were high when I was his age. They are always high. In proportion to his salary, he could afford to buy, if he would be frugal and save a bit. All I can say is, if others can manage, so can youth. I would suggest giving up any thought of living on the seaside, that's for established, mature buyers. Find something that is a good value, invest in the equity, and stick with it. :03: Like you said, it's rare things come down, so get in and eventually you will be the seller.

The trouble with their runaway profits is that eventually you create a bubble so large that when it bursts it takes half the country with it.

If others can manage so can youth is somewhat of a generalisation isn't it, and I think if you look into it you might well find that the ratio of house price to pay is somewhat different than when you were young.
Take a look at the findings from 'RealityTrac' in March this year, they found that in the US house prices had increased over a two year period at a rate of over 16% greater than the average wage had. In fact in 76% of markets in the US, house price growth outpaces wage growth.
You are correct in what you say about finding cheaper house prices in certain areas, and unfortunately this is skewing the average age of householders in certain areas in ways that I believe will be detrimental in the long term to certain places. For example, a seaside tourist town will often consist of retirees, second home owners and businesses. The working youth have to travel into the town from areas around in order to supply services to the retirees, second home owners and businesses. This increases traffic which is already busy in summer periods because of the second home owners and tourist trade, and also leads to a situation where in winter the town depopulates dramatically.
Some how it still works, at the moment, but in my opinion it's not that healthy at all, and I honestly believe that it should be a persons right to live where he or she wants to, so if someone wants to stay near the place of their birth or near their parents they should be able to do so.

Still, that stuff is for people that can plan their future I guess. :haha:

The problem with your idea Markus (as I understand it), is that it gives the company owner no incentive to own and operate a company, he is better off spending all his money on himself and creating few jobs in doing so.

The only thing worse than capitalism is everything else.

Here we go, more rights :D


Yeah, sorry, I tend to get preachy. :oops: Still, I was there in 1980, not sure about Reality Trak. Somehow, it can be done.

Don't get me started on the right to arm bears. :yep: :O:

It can be done, but like with many things, it's getting harder and more expensive for our youth. That's a troubling legacy I think.

Well, everyone thinks life is hard. I remember my grandpa telling me about scrounging for firewood, and my father and his siblings did not know what a restaurant meal was until he was 17. Let me ask you this: do you think the current generation is as capable as previous? These days a hardship is slow internet.:shucks:

Well, everyone has definitions of what hard is, really, don't they? But let's just say that I hold no expectations of long term survival for many people in the western world should something like an EMP occur.
We're all hooked into the wired world these days anyway, and thoroughly dependant on electricity for our survival, remove that and we're royally screwed.
Again though, you've got to be careful not to generalise, I know it's so very very easy and much more convienent to do so, but in doing so it tends to project biased opinions of vast demographics based upon a narrow selection.
There are just as many people, younger than me, who would be able to cope with a disastrous scenario better than many who are your age and older. To question the capability of the current generation, don't forget, is to also question the capability of the men and women of the current generation who have gone into Iraq and Afghanistan and come back. I would be loathe to question their capabilities to their face, lest I get a first hand demonstration to my deficit. :O:

Wait, I'm not talking about war or disaster