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

To: marginmike who wrote (46651)	1/5/2006 11:01:17 AM
From: Hank	Read Replies (1) \| Respond to of 306849

Anybody that immediately tries to bait me with a stupid bet anonymously immediately impresses me as an idiot and a phoney. I call them as I see them, that's all. I never attributed the statements regarding a RE wipe out to you specifically. I simply said that it was posted here by others. Is a 58% ROI on my last sale the biggest bestest RE profit of all time? No, but so what. Making money is making money. I don't need to own RE in the fastest appreciating segment of the world. I just need to make money, period. The latest move is one I'm doing more for personal reasons than a need to cash out, so the stated profit is related to the area in which I live. I'm buying a better house for an even better price and I posted these facts to point out that not all RE markets in the US are in trouble just yet. If you want to comment on RE, then do so, but when you jump in my face about a completely off topic rant concerning gold profits etc, I place another check mark in the "phoney" column. If you are indeed wealthy, good for you, just stick to the topic and all will be well. As for where I own RE in NY, it's not in the city. I actually don't care for the city. However, you may find me in the Hamptons on weekends. This is one of three houses on the property, plus numerous out buildings, all on about 11 acres of waterfront. i7.photobucket.com