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: damainman who wrote (48620)	2/16/2006 4:29:55 PM
From: KM	Read Replies (2) of 306849

Yeah, like RE types aren't trying to screw you over too. They are some the MOST crooked bastards I've ever seen in my life. Perhaps a slight cut above used car and funeral plot salesmen. No thanks. I find it very ironic that people feel the stock market is dangerous and RE is "safe." You can be out of the stock market in one second. If someone shoots the president during the trading day, I hit my basket dump and am out of everything (long). You don't need to whore yourself, offer everything but the family Bible to get something sold. You just find your stop and hit the bid. Hurts, but it's over. You can also hedge stock positions with options which you cannot do with RE. I saw one blog were some dude who I am sure a year ago thought he was King Shit of the World has 14 Las Vegas properties with neg cash flow of about 13K a month and about 7 of them in "pre-foreclosure." Gee, that must be a nice spot to be in.

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