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

To: John Vosilla who wrote (37603)	8/11/2005 12:41:21 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"I wonder if Jim McMannis or Shades who live the high life on Palm Beach has met more folks who made a fortune from investing in RE or the stock market? If you asked the same question in 2000 you'd get a different answer. Same in 2005 and maybe in 2010. RE:"I've yet to meet even one person who got wealthy from investing in the stock market starting with nothing." I know a lot of them... OTOH...nothing I've ever seen is like the last 8 years in Real Estate. I used to think only a few could get rich at the same time. AG has proven me wrong.

To: John Vosilla who wrote (37603)	8/11/2005 12:45:33 PM
From: bozwood	Read Replies (1) \| Respond to of 306849

"who made a fortune from investing in RE or the stock market? I've yet to meet even one person who got wealthy from investing in the stock market starting with nothing." Change the leverage available in RE to what is available in the stock market, and you would see a lot less getting rich in RE In other words, it's not really an apples to apples comparison.

To: John Vosilla who wrote (37603)	8/11/2005 1:06:29 PM
From: shades	Respond to of 306849

I have heard it bantered about, even before this recent bubble, by mr, carelton sheets I think that there are more millionaires in real estate than anything else.

To: John Vosilla who wrote (37603)	8/11/2005 2:33:02 PM
From: Moominoid	Respond to of 306849

I think it all depends on what someone is good at and understands and the kinds of risks they are willing to take. I bet a lot of people who try real estate investing as opposed to just being an owner occupier don't do too great either. The people who really make big fortunes by investing in the stock market are those that leverage it by getting other investors in alongside them, i.e. hedge funds/venture capital etc. And I'd suspect there are more bigger fortunes from developers etc. than people who just invested salary from a regular average job into real estate. Personally, I worked a short time in a consultancy firm supposedly analysing the real estate market :) But I wouldn't have much confidence on how to get a good deal in real estate that would make real money. It would be a whole big learning curve, and you don't get that many opportunities to try it out? In financial securities you can invest small amounts and play and see what works and learn from a lot of trial and error. A lot of people like the tangible nature of real estate, while I dislike that. So I think every one needs to seek their own path, depending on preferences and skills, there is no one right way.