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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (12814)	10/4/2004 9:04:03 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

Debt ridden real estate developers and investors pay me a lot of money to bring some badly needed sanity into their lives. What seems obvious to me, is a miraculous revelation from the heavens to them, well worth $285 per hour. I learned my values from my Grandparents. My parents are real estate developers - I saw the business first-hand there. § My primary observation is that people involved in real estate do not value risk properly: a.) One consequence of this is they take on too much debt; b.) Another consequence is they do too little "due diligence" prior to acquisition; c.) This also manifests itself in countless other ways, which all seem to jump out at me, but are not obvious to real estate developers and investors.