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: TraderC who wrote (21047)	5/27/2004 1:03:57 PM
From: Tradelite	Read Replies (2) of 306849

Trader C, if I owned multiple, improved properties free and clear and only needed to worry about paying the taxes, insurance and maintenance on them, I'd feel like a tycoon. Debt which far exceeds my ability to pay it off with ready cash in the bank--and depends on being able to sell those properties for enough money whenever I felt like it or needed to, regardless of market conditions-- would cause some sleepless nights. Needless to say, Donald Trump would disagree with me--and he's a lot richer than I am.<<gg>> By the way, I've got a friend who has leveraged real estate for many years in almost the same way as the folks mentioned in that article. He's made some good buys and sells--but then takes all the money and leverages it again in real estate. He's now about 60 years old, and I don't think he's got much more money, if as much, as I've got.

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