Consumers Digest

How can I make a Profit from the Collpasing Dollar??

They are going to cut interest Rates Tomorrow, from 3%, to maybe 2.5 or even down to 2% 1. When would the best time be to buy a house on lease, like a 30-year mortgage, Should I wait? When Until When? Wait until it goes to 2%? Under 2%? How low will it go? 2. Because of the rate cut tomorrow, im expecting a rally on the market or flat trading until mid term elections of 2008. So I am Waiting to buy QID Stock, When is Shorting the Nasdaq 100, or betting the market will go down. http://finance.yahoo.com/q?s=qid Its at $55 a share, I wont buy under $45 a share, and if i get in under $45, i can 5times my money on a crash, but what if the econemy does a total collpase, will the money be worthless?? What if it is a few steps from collpasing, can i still cash out? Or will i get nothing, b/c the money is worthless? This I dont know. I believe they will collpase the dollar to nothing so it can be replaced by the amero in 2-3 years or so. Any other ideas? sophie: i mean to get a mortage, so i guess ur right, rent to own

Public Comments

1. I think you're asking about leasing, and about stocks. Maybe asking about stocks in another area of Q&A will get you results. When you say "buy a house on lease" I think you mean "rent to own". As far as leasing a place you need to be careful as the owner of the home may not be able to pay the taxes and insurance on that home and somewhere down the road your lease will be meaningless and you'll be out and stuck. When you rent to own you merely rent/lease it for a year and then at the end of the year your money will (depending on the agreement and how much is allocated) go toward the "deposit" on the home. However if you leave then that money will have been just like rent and you will be left with nothing. People with money and good credit in a poor economy could buy a foreclosed property (probably lower in cost) but it's difficult to get insurance in some places and you can't buy a house without insurance first. You didn't say what your income is, but I can say that if you plan to buy a $65,000 home then you'd best be earning $65,000 a year and your job must be secure. The reason the foreclosures happened to people was because they were told they could afford those high priced homes when they couldn't, and, they didn't have the downpayment so that downpayment was put into the mortgage payment which mortgage ballooned in a year, sometimes the second year as well (if they made it past the first year). People were tight to begin with but when they lost their job, second job or their wife lost her job which was needed to make the payment, then they moved into foreclosure..