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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (428)	8/28/2001 3:15:25 PM
From: marginmike	Read Replies (4) \| Respond to of 306849

Some of us did both. In both cases we had people insist, angerly that we were all pompous, arogent and wrong. i rode the dumb bull to the tippy top, and shorted it down. I am neither perma bull or perma bear. I am interested in making money. I am very interested in making money in Real Estate, especially since returns in stocks will be anemic going forward. I will try to time the RE market like Ive timed the Stock market. I do this by reading, and teaching myself as much as I can and making the obvious decision. That is that RE prices are unsustainable. May I be wrong? Yup. You loosing money today? I am not because all I have is shorts in Banking stocks and BKX because demand for Credit is shrinking,(money Demand) This is one of the worst possible things that could happen to the US economy and is the usiall result of a credit bubble. I was buying RE in 92-94 I know what happens when bubbles burst, and I am trying to learn from my mistakes. Most people keep making the same mistakes over. They lost their money in Naz now they will lose more in RE. Ill be the volture, thanks my familly appreciates it.