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

To: Les H who wrote (6017)	10/12/2002 2:07:37 PM
From: yard_man	Respond to of 306849

hilarious -- but it had to come to this, I suppose -- otherwise they'd have to admit Fannie and Freddie are really no longer afloat next year -- Stress test this!! <vbg>

To: Les H who wrote (6017)	10/12/2002 5:28:37 PM
From: JRI	Respond to of 306849

After 'Power' mortgages, Countrywide is introducing 'Flower Power' mortgages....just pay whatever you feel like per month, or don't pay it all.....it just paper, baby, yeah-g

To: Les H who wrote (6017)	10/13/2002 2:35:54 PM
From: Les H	Read Replies (2) \| Respond to of 306849

Investors pouring into real estate with gusto chron.com Another beneficiary of the investment boom is the RICH Club, otherwise known as the Realty Investment Club of Houston. The RICH Club primarily comprises investors who specialize in purchasing single-family homes. The club's membership has swollen in the last couple of years. At the end of September, the RICH Club had 950 members, double what it was in September 1999. Club members come in droves to hear seminars and speeches such as Retire Early on Single-Family Investments or Flip Your First Deal in 90 Days or Foreclosure Fortune Hunting in Your Own Backyard. If they can't get enough information at the seminars, RICH Club members can plow through the articles in Enricher -- the club's newsletter. "Our group is just ordinary people investing in real estate," said James R. Smith, president of the RICH Club. Some of the members -- who pay $130 in annual dues -- are full-time investors. Some are part-time. And some are first-time buyers, preparing to make their first deal. "The people take it very seriously. They don't fool around with the stock market. They put their money into real estate," Smith said. One of the RICH Club's primary teachings is being shrewd -- buy low and sell high. "The basic principle we teach is you make your profit when you buy and you take your profit when you sell," Smith said.