SI
SI
discoversearch

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


To: Mike Johnston who wrote (28627)3/24/2005 6:57:43 PM
From: GraceZRespond to of 306849
 
The reason: IT IS GOING LOWER AND YOU ARE ABOUT TO LOSE MONEY.


I can honestly tell you that I never signed a sales contract where I didn't have this thought almost immediately afterwards. Sometimes I'd get physically ill. The other side of that is selling something and then watching with a sickening feeling as the house that couldn't possibly go higher doubles from where you sold it.



To: Mike Johnston who wrote (28627)3/25/2005 1:06:24 AM
From: Haim R. BranisteanuRespond to of 306849
 
Dirty tricks came to RE sales

Ashes and Diamonds The Bitch is constantly scheming about ways to increase her cash flow that don't include donning a green Starbucks apron. So when she learned about a drawing for a multicarat stone of the "dog's best friend" variety this past week, she was quick to seize the opportunity. If about twenty VIPs had been a little more in tune with the Tarots, any one of them might be holding a piece of ice worth $50,000 in his or her paw. Yep, the prize was a diamond, the glittery birthstone of the cruelest month, which a certain few souls won then quickly lost in the maddest, March.

The location of the giveaway was the doomed Howard Johnson motel on the north edge of downtown Miami. The occasion: the sales launch party for the soon-to-rise Marquis, 67 stories of luxury at 1100 Biscayne Blvd.

Diamonds have made a really rich man of Lev Leviev, a Tel Aviv-based mining mogul whose company Africa Israel is the lead investor in the project -- his estimated net worth is about two billion dollars. Hence the door prize.

With Marge Simpson gazing across the downtown darkness from the skyscraper a few blocks south, an announcer reached into a glass bowl stuffed with little strips of white paper. And the winner of the $50,000 diamond: "Melissa Garafalo." Melissa? Melissa? After several minutes passed, it was determined she was not present to win.

David and Melanie Smallwood "won" next, but a few more minutes went by and neither appeared. "Gary Rosen and guest." Long pause. "Alina Vasquez." No screams. "Billy Bean." Silence. The Bitch jumped up on a chair to see if the former San Diego Padres slugger/gay apologist author of Going the Other Way stepped forward. He didn't. "Patricia Clark Parker." People grew impatient and began allowing ten seconds between names. "Five, four, three, two, one!" the crowd yelled. Brendan Fitzgerald, Felipo Martino, Joe Weiner, Jonathan Bennett, and several more, all winners, then sudden losers.

Finally, after about fifteen minutes, luck stumbled upon Jhianny Massad, one of the brokers for the condo. Fireworks exploded to the east, honoring Jhianny and the Marquis, as the unlucky drifted across the old HoJo roof for another plastic glass of free booze, or down to wait for the valets to get their cars.

miaminewtimes.com



To: Mike Johnston who wrote (28627)3/25/2005 3:24:27 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
It really is peaking, IMO....people forget that Phoenix Metro area is not land constrained in any way.....there's potentially buildable land for 500 miles in every direction, so the bubble here has been completely irrational. Just wish I could sell and take advantage, but I gotta live somewhere.