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

To: Jack of All Trades who wrote (8895)	2/14/2003 2:04:18 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

it's the numerical mistakes that hurt actually, i would say it's the strategic mistakes that hurt much more than the numerical ones. as somebody (Keynes?) said (paraphrasing...) it's better to be roughly right than exactly wrong. just ask anybody who's seriously followed Abby Joseph Cohen's precise market predictions these last three years. you never know how well off someone is financially... and my counterpoint is that while you may never know how well off a particular person is, you can have a pretty good idea how well off a group is. it stands to reason that if all the couples in my neighborhood are working, then at least the vast majority of them are doing so because they couldn't afford their lifestyle otherwise. or else i am surrounded by an amazing statistical anomaly of workaholics...

To: Jack of All Trades who wrote (8895)	2/14/2003 2:54:12 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

OT...you never know how well off someone is financially... Boy is that true. I remember my dad and I going into a chevy dealer after work to buy a new company pickup. That day in S.F the chevy we were using took a dump. We were both dirty and dad needed a shave. The sales guy slighted my dad in some way and dad said "lets go!". We went over and he bought a new Ford and we drove it home. Funny two weeks later my brother about burned up the engine running the thing ninety miles an hour for about four hours driving to SonesBar way up on the Snake river to a bridge job we were on. Damn thing never was the same after. Finally it puked out on the Dunbarton bridge with me at the helm. For those that don't know that bridge is two lanes both ways and no place to stop. We coasted off the end at about three miles an hour. I always grin when I think about it because we didn't give a damn about that truck only how long it was going to take for us to get home.