In article <1105487937.333312.132880[at]f14g2000cwb.googlegroups.com> ,
"Dottie" <dottie[at]biz-usa.com> wrote:

- quote -

That sounds like good thinking. If you find a much cheaper
place to live, your standard of living can go up while you
have more money to save for the future. Great plan.

- quote -

The cost of the dollar makes no difference, not unless you
are being paid in Francs or Yen. A dollar is a dollar when
you get paid in it and spend in it without converting to
another currency.

- quote -

I would treat the house as a lifestyle issue, not a financial
issue. Once you make up your mind on how you want to live your
life, then worry about how to implement that decision in a
financially sound manner.

- quote -

If you are worried about depressions and panics and economic
collapse, then I would suggest buying guns, ammunition, and
military style food packs. If it gets bad, people are not
going to wait in line for soup like they did in the 30's.
I know that I will not be in a soup line if I can steal if
from someone else. As a result, I wouldn't let this kind
of scenario affect my planning. If things get bad, life will
be turned upside down, and you really cannot plan for that.

-john-

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John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
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I am 46 years old and I have never owned a home.
I currently rent in Los Angeles, CA paying $1,500 a month.
I am self employed and can do my job from the dark
side of the moon as long as I have an internet
connection. I am getting tried of renting and itching
to get settled in a home. I am looking at Diamondhead,
Mississippi. Great community, slower pace of living, not
as congested. I did a spread sheet of pro's and con's
Diamondhead vs. Los Angeles and Diamondhead won. I checked the housing
index and the homes there have increased 4.5% in 2004 vs. 61% in Los
Angeles in 2004. I have $50,000 in various IRA
accounts, regular IRA, Roth IRA and SIMPLE and about $30,000
available cash. No debt.

I hear that the dollar is loosing 2 cents a week and that
the ecomony is going to go through a bumpy ride during the
next 2 years.

My question is this... Would it be wise to buy now or to
hang onto the cash for 2 more years and then buy?

I am trying to take into consideration that the housing market
is inflated and will burst when the interest rates begin to
climb. And the dollar is coming down and people are maxed out
on credit cards and all of the banks have been giving everyone
and their mother's loans who can't even qualify for them so
it has been predicted that the "shit will hit the fan". James
Turk & John Rubino predict another depression on the horizon.
Would it be better to have my money in real estate or commodities
during the next 2 years?

I want to position myself for when that happens (as best as I
possibly can).

Thoughts and opinions are greatly appreciated.

Dottie