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: John Vosilla who wrote (34720)	6/30/2005 4:17:06 PM
From: redfish	Read Replies (1) of 306849

I think the Ohio dude will be one of the thousands who have lost it all speculating on Florida real estate. A friend of mine who was a career FDNY guy retired to Miami and caught the craze in the last boom/bust, he described it like this: "On my first week as a realtor I made five thousand dollars. So I figured what the hell, I'd become a broker. Never made a dime off that business. At one point I owned real estate that was worth three million dollars. Only problem was I owed the banks three million two hundred thousand dollars." He did make a killing after Andrew though, selling barbequed chicken lunches for $2.50 a pop. Until the owner of the service station showed up and told him he had to leave.

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