quote:
Originally posted by Punamom
...What am I missing?
About 5-6 months ago, "stillhope" mentioned on Punaweb how she was telling all her friends about how great puna is and how they should move here.
I made a simple reply that asked her not to tell all her friends that.
She has insisted that I'm the devil since.
And to keep this on topic...
It seems like most of Stillhopes questions are regarding costs here in Hawaii.
I replied to one of those threads early on and she didn't believe me. She continues to ask questions on costs here.
Costs continually rise....
So any question she ask about "what does it cost" becomes irrelevant within a couple months. Prices are rising that rapidly here in the islands.
Everyone that is planning a move here... needs to realize...that the costs now... will be completely different in 5-6 months.
Pretty much everything we build, eat, or entertain ourselves with comes from the mainland.
With rising fuel prices... These costs are going up dramatically.
Punamom, sorry about the drift. [  ]
*edit*
Hugs Hope [:X]
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It is the way... the way it is.
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Well time for me to throw in my two cents. I'm a realist, always have been and always will be. What we're seeing in the news re: the cost of consumer goods is unprecedented and this is not 1973. Back then, and I remember that time period well because I was in Israel, there was no threat of the Straights of Hormuz becomming blocked ... today there is, and it's the the main reason light sweet crude on the NYMEX and other exchanges has been moving up. Traders sense a possible attack by Israel on Iran and if that were to occur then it would be possible that those straights could become unnavigatable for various reasons and if that were to occur... then fourty per cent of the world's oil supply would become unavailable. A fourty per cent decrease in world oil supplies would spell disaster. This is why commercial traders are purchasing contracts and options on contracts at such an alarming rate. The overall thinking by traders is that this event is going to occur and that it's better to get locked into a position now rather than later when prices are higher ... let's say in end of August or around Labor Day ... Bush would still be in Office and you can bet that the US, if nothing else, would be providing logistic and other forms of support and having either candidate in office at a later date would be a wild card so why wait ... so if a strike is to come better sooner than later.
Based on that scenario then, logically prices would continue to rally and it's as if the price increases have taken on a life of their own as we are literally catapulted toward higher crude prices which ripple through the sectors. I see more up and I see the maket becomming supremely overbought and my concern is that we may see two-hundred dollar per barrel crude. If that were to occur, then the various admonitions being layed down in this thread would become extremely helpful to many yet I fear our discussion hasn't gone far enough.
I remember my mother telling me about the Great Depression and the trials her family went through in the early to mid thirties. Almost everyone in her neighborhood gardened and/or raised chickens or rabbits. It was essential ... old Mrs. Webb, next door, grew great onions and that was her forte and my grandfather did a hudge garden and had chickens and rabbits and I actually have a picture of his back yard with the coop from that period. It looks to me that we're going to have to do the same thing on our properties and to depend on commercial farmers to carry the load is or will be only one-half of the equation ... it looks to me like we're going to need the commercials, like Richard, and everyone else comming to the realization that if they want to eat they can either become a criminal or they can chip in and start helping to produce in either setting, home-based or working at the commercials- which may just end up being a really good job in the future.
An earlier poster, who I take it is a trader, has made the statement he or she expects to see the DOW retract to 10,000 points in the not to distant future. I've traded the Dow for years and consider it my speciality and I believe 10,000 points is very optimistic and that at best, we're going to see at some point, a full retraction to a minimum of 55% below the highs struck only a few months ago and as much as 65% to 70%.
JayJay
JayJay
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I would agree with that assessment 100 percent. As well, I'd add, it couldn't happen at a worst time, with many on this web getting ready for retirement, thinking they'll sell out real estate here and there, sell of the portfolio, ect., we'll all get by on those funds. . .
As Buffett would ask, "sell to whom?"
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quote:
Originally posted by StillHope
May be some subdivisions will change their restrictions about allowing chickens on the property.
Hey,Hotzcatz,may be it's a stupid question,but why so far I am hearing only about goat dairy,not cows.
Goat cheese it's something I can eat,probably if I am really starving,trying not to inhale..
Another question-do you make a flat bread?
Many places allow chickens but with restrictions of how many or whether they are for "pets" or "commercial". A small flock of four or six hens in the backyard with no roosters will probably not annoy the neighbors whereas four dozen fighting roosters is much more likely to be noticed by the neighbors.
Goats are a good dairy animal since they are much smaller, easier to keep, make a lot less milk (how much milk can one family drink in one day?) are easier to purchase and if they step on your foot you still have a foot left. They are easier for kids to help milk, too. The milk from Nubian goats is very similar to cow's milk, if you didn't know it wasn't you'd never guess. Also a lot of the "goaty" flavor is from folks who have a buck goat near their milking flock. Buck goats stink! Goat folk were probably the first ones to "pass the buck".
I suppose I could make flat bread, but generally I make the usual loaf of bread although sometimes it is rolls or buns. Either white or wheat depending on mood. Right now there are a lot of eggs in the bread since the girls have been laying well. Sometimes it is sourdough bread although usually I use yeast. Today it was a dozen hamburger buns, a dozen hot dog buns and a loaf of bread for tomorrow. Monday I'll bake again.
quote:
Originally posted by JWFITZ
I would agree with that assessment 100 percent. As well, I'd add, it couldn't happen at a worst time, with many on this web getting ready for retirement, thinking they'll sell out real estate here and there, sell off the portfolio, ect., we'll all get by on those funds. . .
As Buffett would ask, "sell to whom?"
Yay! Someone who can correctly use the word "whom"! Ha!
Do you think the market will get that far below 10,000? Here I was ready to buy some more, guess I'll wait and let it fall some more.
A lot of my retired friends are still working jobs here and there to make extra money.
There have been some more reports coming out from various Hawaii financial folks. It doesn't look good for the tourist industry. If we can start producing more local food then the farms will be wanting more agricultural workers but will folks used to the tourist industry want to do farm work?
"I like yard sales," he said. "All true survivalists like yard sales."
Kurt Wilson
Posts: 2,019
Threads: 201
Joined: Jan 2008
quote:
Originally posted by StillHope
quote:
Originally posted by Hotzcatz
quote:
Originally posted by StillHope
May be some subdivisions will change their restrictions about allowing chickens on the property.
Hey,Hotzcatz,may be it's a stupid question,but why so far I am hearing only about goat dairy,not cows.
Goat cheese it's something I can eat,probably if I am really starving,trying not to inhale..
Another question-do you make a flat bread?
Many places allow chickens but with restrictions of how many or whether they are for "pets" or "commercial". A small flock of four or six hens in the backyard with no roosters will probably not annoy the neighbors whereas four dozen fighting roosters is much more likely to be noticed by the neighbors.
Goats are a good dairy animal since they are much smaller, easier to keep, make a lot less milk (how much milk can one family drink in one day?) are easier to purchase and if they step on your foot you still have a foot left. They are easier for kids to help milk, too. The milk from Nubian goats is very similar to cow's milk, if you didn't know it wasn't you'd never guess. Also a lot of the "goaty" flavor is from folks who have a buck goat near their milking flock. Buck goats stink! Goat folk were probably the first ones to "pass the buck
Thank you,Hotzcatz!
I didn't know about a buck
goat!
If he is that cheap,no wonder he stinks!
And it's not nice to make a quick buck that way.
Seriously,I need to try that Nubian goat milk or cheese.
I think your staff is one of the best,because you really love your live stock,they are your pets.
But may be you love them a little bit too much.Sometimes I have a feeling that Gorgie and Gracie run the house!
___________________________
Whatever you assume,please
just ask a question first.
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I agree- CostULess is better since don't have to pay to walk thru the door though have to be patient with the lack of service with the struggling small business:
http://www.costuless.com/stores.php?l=2&subsection=Hawaii-Hilo&id=14
My other WIN plan to Whip Inflation Now is to search the junkyards for nice mag rims preferably with nice tires on them and store under the house. Since I don't need them now can wait for deals. The rising inflation makes junkyards, garage sales and craigslist more important.
Unfortunately my hands got all kind holes from catching the falling knife especially the lot on Kamuela I bought 1 1/2 year ago- Ouch!
Though I'm happy I bought the conex box there. Should have got couple more now.
Other people want to make friends- I just want to make money.
James Cramer
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I think we will get below 10K DOW, remember a bear market is a market down 20% and during a recession the DOW normally falls between 20 and 50%. If you aren't really into trading I would hold your money, because money saved still means you are winning during a recession.
My SIL works at a large 401K admin firm fairly high up. They have started mandatory training for their people and put together media packages for the companies they work for to teach people how 401K loans and hardship withdraws affect retirement. The one thing protected in courts is retirements and people are throwing them away trying to save their house or high flying life-style.
I really dont think the housing market on the mainland will settle until after 2012, then we will have a few/many really flat years.
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What impact do you think the largest population ("boomers") leaving their homes for assisted living/nursing homes etc... or dying will have on the RE market? Will immigrants fill this void or will there just be a glut for the next 10,20,30 years...?
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I expect the boomers to be between a rock and a hard place. If you review different retirement reports, many show boomers haven't saved enough, well some of the early ones did. Some reports show the avg amount save is between 40 and 100k, that can easily be wiped out my and illness or how long does 100k last if you need it for 15-20 yrs. Boomers have plied on debt through Helocs, refinancing or CC. Here in SoCal you still hear "real estate double on average every 10 yrs" on the radio and people keep saying that they won't give their house away. Well I bet they will sell for less after reality sets in and move in with the kids. It used to be a house was some protection form rising costs as all that was required was maintenance and taxes, now people view a house as an investment so they can forgo savings, sell for a huge profit and live comfortably in a condo and live off the remains.
My BIL works for Orange County accounting depts and is pretty tight in with different groups at the county level. He said a lot of immigrants are packing up and leaving, according to social services and a other depts. A few have timed the housing bubble perfectly taking out massive amounts of equity and going back to Mexico. Some actually have rented the houses they bought and stop paying the mortgage, when the sheriff shows up he has to evict 3 or 4 families from 1 home and the owner in some cases ha been collecting money from a PO Box for 6 months. Then there are banks and financial types looking through county records for people that had mortgages and then defaulted, but have no real financial history other than the one loan doc for the house. Actually some of these finance types are actually working for investors, because if they can prove there was no due diligence on the loans then they can sue the MBS they were sold, this will be were the lawyer get involved. What immigrants are going to make enough money to by a house?
We already have limits on letting the brainy in this country on work visas, instead we let in the uneducated poor. We should be saying have college degree and skill we need, come be fast tracked for citizenship. Have you seen how many college professors are from foreign countries especially in the sciences. Now my wife is a resident alien and phd and most of her family hold at least MSs. The company another brother works for offered to pay the fine to have him fast tracked through immigration (Ithink it was like 15or 20K), instead he to the fine amount as a bonus to his pay.
Also did anyone see that the govt pass a leaving tax for those that want to retire in Costa Rica, or take the money and run?
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