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

To: redfish who wrote (37562)	8/11/2005 11:26:44 AM
From: John Vosilla	Respond to of 306849

Ever listen on AM radio in the afternoon when you are in West Palm? Something like 10 shows are on now catering to all aspect of real estate investment usually on 1470,1230 and 740. All somehow come back to guaranteed double digit appreciation, little down, low monthly payments and short term holds. Some even cater just to preconstruction flips. Even my 75 year old dad doesn't seem to want to keep his cash in the bank from his recent Florida RE lottery winnings. He's even more convinced than I that dollar devaluation, stagflation and petrodollars flowing to Texas are the next cycle already under way.

To: redfish who wrote (37562)	8/11/2005 11:41:07 AM
From: Moominoid	Read Replies (1) \| Respond to of 306849

My Dad (born in 1916) always invested in the stock market. He remembered the German hyperinflation which happened when he was 7 years old. And the 1929 stock market crash and the great depression. Bought a small apartment. But when late in life he finally managed to get a reasonable amount of inheritance (he was 80 when the big money appeared due to legal tie ups) he kept 90% of it in cash (from 1998-2002) though I helped him get some gains on a small stock account in 1998-2000 but eventually he was reluctant to phone the broker and sell and some of the gains evaporated again. He died in 2002. So kind of the reverse, got more risk averse maybe due to age and why risk it when you have enough already?