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janeinstx
(@janeinstx)
Trusted Member

@jaldeborgh

I like you 🙂

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Posted : February 28, 2020 7:43 am
singlefin
(@singlefin)
Trusted Member

Wholeheartedly agree jaldeborgh. 

Im proud to be an American again. 

It’s been three years since the sky was supposed to fall. The hysteria has dropped off considerably. The only thing we need to fear, is fear itself. 

 

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Topic starter Posted : February 28, 2020 9:10 am
Gator's Mom
(@gators_mom)
Trusted Member

All said but it doesn't take away from the fact the Treasury bond yield curve has inverted three times since October 2019.  That means that short term bonds pay more interest than long term bonds.

Different factors are causing this- particularly a federal government that's using debt to pay for everyday expenditures (structural debt) now because of the recent tax cut. 

The largest holders of US Treasury bonds are Chinese banks.

Patriotism is an opiate of the masses. It can cloud your judgment.

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Posted : February 28, 2020 12:10 pm
Alana33 liked
jaldeborgh
(@jaldeborgh)
Advanced Member

If you’re not rooting for Team USA what Team are you rooting for?  No question the national debt is the “turd in the punch bowl no one wants to talk about” but it’s a problem of our own creation that we have to solve together.  Nothing any politician says will make it go away, we need to face up to it and find a solution, which won’t be easy. 

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Posted : February 28, 2020 1:33 pm
Gator's Mom
(@gators_mom)
Trusted Member

I don't need to root for a team, I don't see the world in an us and them sort of way.  Don't drink that Kool-Aid, never have. 

The US is using the short term bond market like credit cards to pay its current bills. And then doesn't have the income to pay for anything but the interest.  China banks own most of this debt.  In my estimation this looks a lot like China has a lot of control over the US - not just leverage with or without the coronavirus.

BTW - this accumulating national debt is a direct result of the most recent tax cut.  And this tax cut was done specifically to curry political support from a country of short-sighted people who are content to mortgage their family's future for a temporarily lower tax obligation. 

The stock market is more reactionary than the bond market.

 Let's blame Richard Nixon.

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Posted : February 28, 2020 1:59 pm
Alana33 liked
40isthebetter20
(@40isthebetter20)
Advanced Member

So, is the Scion Hills and Scion Farm area just SW-ish of Christiansted not a good area to be in? I was looking at great little 3 bed 2 bath house with a good sized fenced in yard for $350k. The surrounding neighborhood looked well kept and really cute.  Granted there's no island view- but that also means you don't get storm surge either. 

I've been scouring real estate sites (MLS, etc...) and there's some cute options around $350k. Might need just s smidge of work but they remind me of our starter home. The only areas I didn't consider in my search was Fredrikstad and surrounding areas, and around the airport. I stuck to Scion Farms area Around Christiansted and East.   

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Posted : February 28, 2020 5:59 pm
singlefin
(@singlefin)
Trusted Member

Thank you 40isthebetter20 for getting us back on track. Gator’s Mom has a thing for high jacking threads with comments like, “Patriotism is an opiate of the masses.” I guess it’s been a slow news day on CNN.

Anyway, I’ve driven through Sion Farm area, but I’ll admit my reason for doing so was to visit the islands only vodka distillery, Mutany Vodka. It’s a tropical spinoff made with breadfruit. They took over the old dairy (hence the name Scion Farm) and really did a great job bringing things back to life over there. It looked to me the neighborhood is on the rebound, like lots of other areas, most likely due to the increased investments of patriotic people who are optimistic about our country’s future.

Off the main road, the entrance into the community has quite a few smaller, older, although heavily built all cement homes on small parcels. Past the distillery, the size of the properties increase, several of the homeowners up in the hills have vast gardens/banana orchards. I would say the community is of mixed incomes, but mostly occupied by longtime local families, with limited seasonal residents.

 

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Topic starter Posted : February 28, 2020 6:28 pm
Gator's Mom
(@gators_mom)
Trusted Member

That's a cute yellow house with turquoise trim in Sion Farm for sure.  Sion Farm is a well established neighborhood but one you'd need to look at street by street to see how others are keeping their houses up. Also check the ability to get a breeze since AC can be mighty expensive. 

Sorry I don't use cable or broadcast news as a source for information. 

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Posted : February 29, 2020 11:30 am
40isthebetter20
(@40isthebetter20)
Advanced Member
Posted by: @gators_mom

That's a cute yellow house with turquoise trim in Sion Farm for sure.  Sion Farm is a well established neighborhood but one you'd need to look at street by street to see how others are keeping their houses up. Also check the ability to get a breeze since AC can be mighty expensive. 

Sorry I don't use cable or broadcast news as a source for information. 

Yes! That was the one! 

Unfortunately we won't be ready to buy for a bit and I'm sure it will get snatched up quickly but it could be a knock out with a bit of love and a 5 year old and couple of sweet pups running around in the yard. ? 

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Posted : March 2, 2020 12:47 pm
Alana33 liked
rewired
(@rewired)
Advanced Member

@40isthebetter20

This one just came up on the MLS

https://www.realtor.com/realestateandhomes-detail/114-Sion-Farm-Qu_Christiansted_VI_00820_M91500-37702?view=qv

It's only a 3/1, but well below the price point you mentioned and in what appears to be an area of nice smaller homes.

Keep an eye on the various sites as you get close to your target date and get your downpayment in order so you can move when you see what you want.

They do come up in more accessible price points and good condition occasionally, but may not stay on the market long when they do.

Best of luck with your search (and relocation)!

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Posted : April 1, 2020 11:15 pm
40isthebetter20
(@40isthebetter20)
Advanced Member

@rewired

 

That one is cute! Thank you for sharing! 

I'm hoping we can get our next vacation/ PMV scheduled there soon. Unfortunately it looks like we'll have to wait until next spring break since everything scheduled under the sun has been pushed back until the end of this year. We're going to be a lot busier the end of this year than we originally planned.... lol. 

 

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Posted : April 2, 2020 10:48 am
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