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 Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (34935)6/28/2005 11:41:37 AM
From: redfish  Respond to of 110194
 
The duplexes my folks sold last month in WPB paid for themselves several times over even absent the capital gains ... built for $40k each in the early eighties. Factoring in the gains and I figure they got a 1000% return at the least.



To: John Vosilla who wrote (34935)6/28/2005 11:53:14 AM
From: johnre  Respond to of 110194
 
Unfortunately, most people who make some money on RE get greedy and impatient and wind up getting wiped out. We have REIT's here in Manhattan paying over $2,000 per square foot for commercial buildings in which the rents are slowly falling and property taxes strongly rising. It's not their money.
We made a killing in the 70's when the REIT's went bust and we bought from bankruptcies.



To: John Vosilla who wrote (34935)6/28/2005 12:29:02 PM
From: mishedlo  Read Replies (3) | Respond to of 110194
 
If he went bankrupt 3 times he was not the world's greatest trader

Obviously he learned nothing from the first two

Mish



To: John Vosilla who wrote (34935)6/28/2005 2:07:30 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
you can't really compare a leveraged trade to an unleveraged trade. they are different animals. obviously you get more bang for your buck with leverage, but that applies with stocks as well as RE. you can easily make as much or more in futures or equity options if your purchases and sales are timed correctly, than is possible with RE.

but as an asset class, RE has vastly underperformed the stock market over long periods of time.