[Castor]

the company i work for is holding cash right now, not money markets, but cash positions. Do to our size, we do not mess with foreign currency as we do not really have the expertise

In the last 12 months or so we have been selectively buying rental until units (4-6 unit range) at a reasonable discount from prior years. Some of the purchases are instantly cash flow positive.

that being said, we are staying as liquid as possible, and have suspended all capital purchases until we get greater clarity on this situation. Internally, our professionals came to the same conclusion you did. If there is a downgrade, there may be future opportunities to purchase additional properties at really signficant discounts as individuals who are still over leveraged after 2 years will get squeezed further

 

[bobzilla]

Moody's rated junk mortgages as AAA,and lost all creditability.

 

[WSierra]

I believe it's too little, too late.
Plus, I'm dead set against raising the ceiling.. how about freezing federal spending and bringing troops home for starters. And no new taxes.
The government needs to go on a diet. Show some willingness to the world to begin a process to heal our debt disaster.

 

[bobzilla]

I believe it's too little, too late.
Plus, I'm dead set against raising the ceiling.. how about freezing federal spending and bringing troops home for starters. And no new taxes.
The government needs to go on a diet. Show some willingness to the world to begin a process to heal our debt disaster.

I agree,but right now there is a thread running on Disaster Preparedness on how to cheat the taxpayers,balance the budget by cutting out all non essential services and put our troops on the border were we need the protection.

Thanks,Bob

 

[WSierra]