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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (90212)1/7/2008 1:11:00 PM
From: Pogeu Mahone  Read Replies (1) of 110194
 
It certainly blows my mind.
After discussing this for years and years these people do not get it.!It isn't a creative RE investment board<g>
Your correct, I`m through.

Some where over the rainbow is here 2008,2009.
youtube.com

BTW most RE agents will try to talk you out of buying at auction. They ask "How can you buy a property you cannot inspect? Easy adjust your bid for any and every possible fark up.
I talk to good landlords all the time who would not consider wasting their time at auctions. Gotta love it.

I posted a story about Harry Macklowe and he is up to his neck in debt yet he is reacting like it is another day at the beach. Soon to be someone elses beach.http://www.nytimes.com/2008/01/06/business/06harry.html?pagewanted=print
This could hasten a CRE spiral.

Thank you
and back at you.

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Z you are fighting the wrong battle here. It isn't a creative RE investment board<g>

I find it awesome most who are into RE investing don't understand finance or economics or even the message of the stock market. Meanwhile those who do understand finance etc and are highly educated have no clue or desire to hunt down distressed RE. Consider yourself a very rare bird...
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