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Griswold -> RE: The shoeshine boy spoke today... (6/7/2008 10:56:08 AM)
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quote:
ORIGINAL: hizgeorgiapeach Shit no I'm not the eldest, Popeye! My nincompoop brother is 16 months older than me Physically - developmentally, well, he never seems to have made it past about 16 which is when he became deeply immersed in the drug culture. The fact that both our parents were Only Children makes it Somewhat easier - after all, there's no aunts/uncles/cousins screaming "where's my share" - but that also means that there's literally on one else TO take on any of the responcibility. At this point, I'm looking at pulling Everything out of the market, and turning it into real properties. It was something that dad and I had discussed as a potential prior to the stroke, and now it looks even more practical. Buy some land outside of town that's either minimally "improved" or completely unimproved, and then start working quietly to get a small place built there that's completely self sufficient. Gold and Silver bullion. That sort of thing. Interesting approach. But don't think that the stock market won't take some wild upward swings from this point forward either. Bob Hope (as to your other point) made a lot of money in the movies, records, etc., but he had a plan even when he was just starting out. Every year he figured out how much he needed to live on, put a little extra aside just for safety, and the remainder he spent on as much land as he could afford just outside the city limits of his town. Dirt outside the city limits of course being cheaper because it didn't retain some of the benefits that went with being in the city, a few examples being fire and police protection, in some cases sewer and garbage, better zoning, etc. Every few years of course, the city having grown, needing more land to tax to support said services, would extend the city boundaries, and voila! Land that was cheap and zoned poorly now became more valuable and zoned for higher and more dense uses...and on it went. He made a lot of money in the movies. He made his fortune in real estate.
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