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  1. hakrjak

    Fallout: When States go bankrupt...

    I should add that I've been a vocal critic of those who have been predicting "Hyperinflation" the past 5 years, but this is finally a scenario where I could see Hyperinflation being something to be worried about. If you're sitting on ARMs & HELOCs like some of us, and rates cruise to 10%...
  2. hakrjak

    Fallout: When States go bankrupt...

    I believe it's correct that under current Federal law states are not allowed to file for bankruptcy, however the new Congress has already indicated they will put forward legislation to allow this so that states can get out of their pension commitments with the unions, etc and restructure a lot...
  3. hakrjak

    A "Forever Recession"?

    HOT! 
    Amen!
  4. hakrjak

    Anyone bought Real Estate using a personal bank loan? FTB D:

    REAL ESTATE 
    Requirements for local/portfolio banks to fund you are typically stiffer than Fannie/Freddie standards used by the big national banks. My local banks want 20-30% down before they'll even talk to you. They'll also want to see the same income info that the others are asking for. The days of...
  5. hakrjak

    Fallout: When States go bankrupt...

    Been trying to anticipate the next "big thing", and as I watch the news it seems like we have several states in the USA that are on the verge of bankruptcy. No State has ever gone bankrupt before, and the predicted fallout seems to be that the municipal bond market will crash. I think the...
  6. hakrjak

    Robert Kioysaki: The Eye of the Recession's Storm

    Some of these guys have no idea what they are talking about.... Kiyosaki makes a couple of good points once and awhile, but he seems just as out-of-touch as the CNBC pundits on this issue! I still don't understand why you keep hearing people talking about the coming "wave of ARM resets" in a...
  7. hakrjak

    Insurance sales? Can it be fastlane?

    I'd say to be sure that you check out the Insurance company you go to work for before starting. I've done my research and found the most affordable company in my area compared to the others. I met the owner about 8 yrs ago when I became a client, and we've become friends since. He has been...
  8. hakrjak

    A "Forever Recession"?

    HOT! 
    There's a simple solution to get the cousin eddie's of the world back into the economy providing services, making money, and spending money. The solution is to cut off their unemployment. I guarentee you in the great Depression, you didn't have people on unemployment for 4 years. If...
  9. hakrjak

    Selling a car with owner financing?

    Has anybody done this before? I have an older truck that is worth about $5k, and I could sell it to someone for maybe $4000-4500 cash, or I could sell it to someone with bad credit for $5k at 24% interest over 4 years, and collect around $165/month of cashflow. That would net me closer to...
  10. hakrjak

    Investing in rental property out of state (best cities & towns?)

    REAL ESTATE 
    My PM is telling me here that any 3 bedroom home is lasting a maximum of 5 days on the market before it's rented right now. Major shortage of rental property. Are people in other places across the country experiencing the same?
  11. hakrjak

    Christmas shopping for a total bum?

    OFF-TOPIC 
    Yeh that's kinda the point. It's hard to get a gift for someone that is so unlike you. I'm not going to get somebody a carton of Marlboro's, and a jug of hooch... haahaha - Hakrjak
  12. hakrjak

    What fast cars do you own?

    OFF-TOPIC 
    Boy, the 18 year old version of me would never believe that the 34 year old has absolutely zero interest in fast cars. It's amazing how much more important comfort becomes to you as you grow older. When I was 18, I was driving my Dad's 20 year old Cadillac -- vowing I would never drive...
  13. hakrjak

    Christmas shopping for a total bum?

    OFF-TOPIC 
    Ok you have a good point ;) haha -Hakrjak
  14. hakrjak

    Christmas shopping for a total bum?

    OFF-TOPIC 
    I was thinking of giving them MJ's book, but this person has never finished a book in their life -- So I think that would be an absolute waste. haha -- Although your suggestion seems spot on Russ, I'd hate to give them anything that would encourage them to continue living in this lifestyle...
  15. hakrjak

    Christmas shopping for a total bum?

    OFF-TOPIC 
    Preface: So every family or circle of friends has got one. An absolute bum that hasn't worked in years. Who's unemployment has run out, and they replaced that source of income by latching onto and/or marrying someone to carry them. They spend each week basically laying on the couch, and...
  16. hakrjak

    Google buys Groupon for $2.5 billion

    HOT! 
    This story makes me want to do harm to myself, and others..... Ffffffffffffffffffffffffffffffffuuuuuuuuuuu.......... - Hakrjak
  17. hakrjak

    Obamacare, 1099's, and $600 Expense Mandates

    HOT! 
    You have to recognize market cycles, and political cycles in order to capitalize. All of this has happened before, and will happen again. It reminds me of the environment that occured in the late 1970's, which paved the way for 20 years of prosperity when things were reversed in the 1980's...
  18. hakrjak

    Australians swoop in on U.S. foreclosures

    REAL ESTATE 
    Sounds like there is a good niche for selling cashflowing rental property to foreigners who want to capitalize on the week dollar?
  19. hakrjak

    Is the old ebay trick still profitable?

    Craigslist has been great for selling big ticket items this year.... I just sold some jewelry there for a very fair price, after having it listed on Ebay without a single message or bid for 2 months! No stupid fees, and nobody taking a cut of the payment either! Cheers, - Hakrjak
  20. hakrjak

    Wanna stop government spending? Please vote here...

    OFF-TOPIC 
    If your logic is that it's useless to cut spending and balance the budget, and pay on our debt... Then I guess it would be best for our economy if the government just printed enough money to give everyone in the country $1million bucks. Where do I sign? :)

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