Grace,
I never said or implied that I would be free of liability, I am well aware of the su-er character of this society, thanks kindly to our friendly trial attorney community who unless they dream the strangest crap they would starve out of things to do...
NOTHING protects you from some moron alleging that you did this, that, and the other and in doing so, you "infringed upon the right" of the other citizen(s)...
More amazingly is that the courts agree to take on the cases regardless of their absurdity... but then again... here is what Mencken says... in re: lawyers and such...
It is Tertullian who is credited with the motto, Credo, quia absurdum est: I believe because it is incredible. Needless to say, he began life as a lawyer."
-roflol
So... once I [hopefully] have cleared that out of the way, the intent of the comment in re: fly the flag of dumbness (NOT that I was claiming ignorance), and further NOT having a RE license if you intend to be a RE investor, was...
...that the liability exposure is less... (NOT non-existent).
Besides... being an "investor in RE" does not necessarily and automatically qualify you as a whiz-kid-know-it-all... there are GOOD, BAD and STUPID investors in RE... -g not necessarily with a high level of knowledge either...
WHEREAS.... a licensee... has passed a test and is deemed... er... well... "Knowledgeable"... (by default) you could say he/she is an "authority on the subject... -roflol
Ma capice cosa le sto diciendo ?
I think this is what Sleepless is referring to,
I think sleepyhead just wants to argue because I am afraid she/he is a Real Troll© [but I am not sure] -g
As for the profit thing....
Yes, you are right... it is a pity that the country that perfected Laissez Faire Capitalism has allowed the so called "public" to fall into a pathetic mode of whining mob where they demand that such mobs be "taken care of" by "Daddy-Gov" in one shape or the other....
"If you ask me to name the proudest distinction of Americans, I would choose...the fact that they were the people who created the phrase 'to make money'. No other language or nation had ever used these words before...Americans were the first to understand that wealth has to be created. "
~ Francisco D'Anconia
The irony... almost in a 'poetic justice' sort of way... raw unadulterated Laissez Faire Capitalism seems to be alive and well in places like China and India and similar... 'The brave new world'
In re: flipping... I believe the problem in such instances is "representation" of what you are going to do (or not do)... silence becomes golden indeed...
One buys a property, says nothing... and closes the deal, once it is YOUR property... (unless they changed the law, please enlighten me why is it that I cannot do what I will with the property?
Is there a law forbidding me from selling it?
Problem is if you start saying what you will do with the property... then "false pretenses" could be 'made up" thanks to a brain fart of a trial attorney...
I was duped -the morons and yahoos may say...
Anyway... here is something you may be interested in...
taemag.com
Whine, the Beloved Country!
George (Jack Nicholson): You know, this used to be a helluva good country. I can’t understand what’s gone wrong with it.
Billy (Dennis Hopper): Man, everybody got chicken. That’s what happened, man.
—Easy Rider
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The New Deal began, like the Salvation Army, by promising to save humanity. It ended, again like the Salvation Army, by running flop-houses and disturbing the peace.
~ H.L. Mencken |
