Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (17585)	8/3/2004 8:23:16 PM
From: BWAC	Read Replies (1) \| Respond to of 95657

<Shouldn't your friend get into real estate? > Funny you should say that? With his junior broker salary, (you know he hasn't got out of the training stage yet so he is just straight salary, no built in commission base)........anyway he just bought a real nice pad. Got himself an interest only 5 year ballon payment loan for $300k. That is living fine in this part of the woods. Payments are only $1000 a month. He plans to flip it next year for a 100k profit. Being divorced and judged incapable of paying child support back in the WalMart days, he is now living large on his junior broker salary. In fact he just bought a new boat on easy credit this week and is planning on impressing his 23 year old girlfriend with some weekend 'tooling' around the lake. I wondered though why he hadn't furnished his house first instead of getting a boat? He privately confessed that he wasn't real sure if the broker job was going to pan out cause his phone wasn't ringing very often and others were mysteriously disappearing around the 1 year mark. But as soon as he hooks his first big fish customer he plans on buying some houses up for sale in his neighborhood, for rental properties. Says they are a bargain compared to the price he paid a few months ago.