The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: David Jones who wrote (12903)	8/21/2003 10:35:59 PM
From: Lizzie Tudor	Read Replies (2) of 306849

You jumped out an purchased a rental income home for a million bucks for crying out loud. Did you ever get down and figured out what your per foot return was going to be before you bought on a 1m rental? No your only thought was buy it today for x and it go to y tomorrow. Now things didn't work out as planned and your unhappy. Are you an adult David? Any money I make or lose on these 2 houses is a trivial insignificant part of my financial portfolio (I hope). I'm sure I've lost on these houses now, but I also don't think they are worth anywhere near what I paid for them due to the laws. I intend to try my hand at another software startup and that is my game, not real estate. I don't care about RE as an investment, the only reason I bought was to be able to have a place for myself and maybe some friends to live,and avoid the situation I had in 98 when I had to personally negotiate with greedy long time SV homeowners for rentals on behalf of my employees. Every time yahoo would have a good quarter, these quality individuals (who all lived out of state) would demand a 25% rent increase, on the spot, which my employees couldn't pay.

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