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

To: re3 who wrote (2856)	6/20/2002 10:17:16 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

LOL....don't get me started on MBAs. Yes, you are right, pointing out the downside of things generally doesn't win you any friends. In fact, if you warn someone not to do something and they do it anyway they never come back to thank you for warning them. In fact they usually blame you for predicting it as if by predicting it you caused it to happen! Sometimes they completely forget you even said anything. I remember one ruined Thanksgiving years ago where I mentioned to my sister that real estate doesn't always go up and that because it then appeared to be the easiest thing to borrow money against, it was at risk to either drop or stay the same for years. I told her, at best it was good for an average 8% yield over time when you factor in the costs. She thought I was nuts for saying that, to her real estate was the best place to put money and I was out of my mind for putting money in the stock market (this was late 1987 and I also had investment real estate). Needless to say, a few years later she's sitting there telling me how they were underwater on two mortgages and how difficult it was to sell an investment property right now and you know, real estate doesn't always go up. I just sat there listening to her go on, I didn't say a word. What can you say when you are faced with that kind of amnesia. The T-day fight was quite a blow out and she remembered nothing of it. I began to worry if early Alsimmer's (sp?) disease ran in my family.