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: Jim McMannis who wrote (303994)	2/2/2011 12:56:53 PM
From: John Vosilla	Read Replies (2) of 306849

Vosilla buys with tons of equity going into the deal..Also buys rentals at three times cash flow when possible now.. I am quite the opposite of Tradelite and even your buddies on the new moderated board bragging about trying to snag million dollar mansions to live in at half peak prices or bragging about gold going to make them rich the easy way. Your primary residence I consider a huge liability and you should always live a step or two below your means. I thankfully did quite well in the age of Obama in the stock market even though I don't even pay attention evey minute like most here do and made up for a disasterous 2008 not too different from what happened to all of us after NASDAQ crashed a decade ago and the glorious run in 2003-04. Any decent swing trader should have made 5-10 times their equity in the age of Obama by now by keeping their eyes on the ball...But there is so much more to life than being a sucker in the casino and anyone who puts most of their net worth in the financial market is crazy unless you actually are a value guy doing this stuff 24/7 like a Dale Baker with a wide diversified portfolio. This will again end bad one day especially in stuff that generates zero cash flow like gold and whatever next bubble they come up with this cycle but how many people here on SI actually said it was all about interest rates, the steep yield curve and survival of the fittest picking up market share from the weak 18-24 months ago when we were on the edge of Obama's socialist takeover depression? Go watch the first Wall Street movie and some of the classic lines from Gordon Gecko.. To a degree some of what he says does make a lot of sense to succeed at anything. But I do hate the guy because he has no compassion or morals and never knows when to quit or give anything back to the little guy constantly getting squeezed. Sounds much like the Koch brothers at their conference in Palm Springs and the team running Government Sachs on the other side.. That is what got us into the mess and oddly part of the reason we are getting out of this mess no thanks to the right wingers and perma bears constantly bitching and protesting about everything under the sun.. Do you really think if we went back to no one having any debt again and living with their guns and gold as the small town bible belt does that this country would have a chance to compete globally in this day and age?

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