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To: LLCF who wrote (14139)	1/28/2002 8:01:58 PM
From: Moominoid	Respond to of 74559

I knew I was right not to buy a house :) I used to be a "real estate consultant", not that I knew much about buying property :)

To: LLCF who wrote (14139)	1/28/2002 8:49:41 PM
From: AC Flyer	Respond to of 74559

>>You're the jerk that sold his home no?<< Er, yes, I am. Well, I bought another one, of course. There are precedents, you know.

To: LLCF who wrote (14139)	1/28/2002 9:52:36 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi DAK, Welcome to the club:0/ Message 16117854 "I had owned an 88-unit (yup, lucky number and all, with pool, community center, etc) complex in Sacramento area from 1991 to 1998. Purchased at 20% below replacement value, sank to 40% below replacement value, recovered, then sold. Summing up the net net f*cking net of paperwork, repairs, evictions, legal fees, taxes upon sale, etc, the whole effort generated enough cash flow to equal a few months of (then) Intel put option sales on the equity market, provided inexpensive housing to many single parent families (>60% of residents). My result was not impressive for the effort." Chugs, Jay