Economic crash worse than in 2008?

Discussion in 'Ask An Owner Operator' started by DUNE-T, May 11, 2020.

  1. Brettj3876

    Brettj3876 Road Train Member

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    100% agree with you. Look up the 74 scientists and doctors that were supposed suicides and gruesome murders in the last 2 years. Something big i think is coming down the line for sure

    74 NASA Scientists Dead: Largest Cover-up in Human History Continues

    Lol committed suicide and somehow managed to shoot himself 7 times in the head. I mean really, really? This is the stuff that never hits mainstream news. This type of #### is front page headline worthy
     
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  3. Trucking in Tennessee

    Trucking in Tennessee Road Train Member

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    5 Russian Doctors have accidentally fallen out of hospital windows. I hate conspiracy theorists but this is scary.
     
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  4. Antinomian

    Antinomian Road Train Member

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    That is known as the Broken Window Fallacy.
     
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  5. Trucking in Tennessee

    Trucking in Tennessee Road Train Member

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  6. StrokerTSi

    StrokerTSi Medium Load Member

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    Lol, if the virus still scares people they should keep following the gooberments recommendations. If you think it's bs, go back to your "normal" life. Pretty easy/simple.
     
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  7. bigtravelr

    bigtravelr Light Load Member

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    I think it depends on what business you're in.

    For example some restaurant owners may never recover from this.

    I think we'll be just fine.

    in 2008 I was in the mortgage business and held a bunch of rental properties with nobody paying rent. Had five times the debt I do now. It took me 9 years to recover from that and a career change back to trucking.

    The savers that had cash after the 2008 recession were able to purchase distressed properties at $0.25 on the dollar where I'm from in Florida.
     
    Last edited: May 14, 2020
  8. tommymonza

    tommymonza Road Train Member

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    Because that was all it was worth before the big Push and Speculation. I was a real estate appraiser in SW Florida. Where you located ?
     
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  9. bigtravelr

    bigtravelr Light Load Member

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    Tampa Bay area.

    I agree the market was definitely overvalued pushed by low interest rates.

    Although the lower end homes shop back up higher than they were in 2005.

    My buddy just sold the house I flipped to him for 19K in 2011 he sold it last week for $115 I think he had about 40 into it altogether.
     
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  10. snowwy

    snowwy Road Train Member

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    Must be nice buying a.home for 115k.
     
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