The Original Gay Porn Community - Free Gay Movies and Photos, Gay Porn Site Reviews and Adult Gay Forums

  • Welcome To Just Us Boys - The World's Largest Gay Message Board Community

    In order to comply with recent US Supreme Court rulings regarding adult content, we will be making changes in the future to require that you log into your account to view adult content on the site.
    If you do not have an account, please register.
    REGISTER HERE - 100% FREE / We Will Never Sell Your Info

    To register, turn off your VPN; you can re-enable the VPN after registration. You must maintain an active email address on your account: disposable email addresses cannot be used to register.

  • Hi Guest - Did you know?
    Hot Topics is a Safe for Work (SFW) forum.

How would a new recession or crisis affect you?

We are pretty isolated from the worst effects now. We have no debt and investments are locked up in mostly recession proof instruments.

But like the last time, it likely means that people will screw down professional fees even more and delay spending....which ultimately means that so do we.



A lot of discretionary spending just doesn't happen, because the older we get, the less time we have to recover capital.

What about you?
 
rareboy said:
What about you?
Click to expand...

One thing will lead to the other, and...


- - - Updated - - -

And survival would mean...

300px-La_nevada%2C_Francisco_de_Goya.jpg
 
Will be good news for us if another recession hits.
 
Another unwelcome rise in the price of flavoured milk.
 
belamo said:
"us", you mean the 'US'?
Click to expand...

No, us as in husband and I. My profession and our business are recession proof. I dare say they are depression proof. A recession will make it slightly better for our business. Don't ask me why. Trade secret.
 
aristomaniac said:
No, us as in husband and I. My profession and our business are recession proof. I dare say they are depression proof. A recession will make it slightly better for our business. Don't ask me why. Trade secret.
Click to expand...

Oh, I see :mrgreen:

rent_boys_crop-1024x585.jpg
 
aristomaniac said:
No, us as in husband and I. My profession and our business are recession proof. I dare say they are depression proof. A recession will make it slightly better for our business. Don't ask me why. Trade secret.
Click to expand...

Tony Soprano:
And I don't want to hear about the freaking economy either! I don't want to hear it. Sil, break it down for them. What two businesses have traditionally been recession proof since time immemorial?

Silvio Dante:
Certain aspects of show business...and our thing.

Tony Soprano:
Now that's it. That's all I've gotta say. Frankly, I'm depressed and ashamed.
 
Buy an S&P inverse index ETF that will go up when the market goes down. Wonderful hedge.
 
belamo said:
Oh, I see :mrgreen:

rent_boys_crop-1024x585.jpg
Click to expand...

Haha, that's pretty funny.

The current economic downturn is terrible. I know there are a lot of terrified people. And I'm sorry about it.

That said, since nobody is buying and housing prices are dropping fast, we have begun taking advantage of the situation. Just bought 4 more properties to add to our portfolio at a fraction of the price that we would have had to pay before March. I explained to them that banks are not giving out mortgage loans right now and probably the rest of this year. Offered cash and closing in a couple weeks.

The thing that most... almost all people don't understand is that a housing market downturn or crash only negatively affects people who own properties as liabilities and real estate agents. Yes, your house is a liability. I know banks and other financial gurus like to call your house that you owe mortgage on as an asset. And since the number of people buying houses drop down to almost zero, real estate agents get affected bigly as well.

On the other hand, it is the best time to do business in the real estate investment world. I have a friend who back in 2009 housing bubble burst made millions on the investment side.

I also know of investors who lost everything because they overleveraged everything. This is why my friend who made millions back in 2009 said only take what you can chew. So, even though there will be a lot of opportunities, we really need to make sure we don't turn these opportunities into curses. Extra layer of stress LOL.

Anyway, regarding the economic downturn, we own rental properties. This is the main source of our income. It just happens that more people become renters than homeowners during economic downturns. So... not the least bit worried.
 
You must log in or register to reply here.
Back
Top