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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 (49946)3/10/2006 1:15:32 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
LOL! what a classic

He now owns seven, worth $2.5 million and doubts a crash will happen. He vows to keep flipping, even if it does.



To: John Vosilla who wrote (49946)3/10/2006 1:20:15 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
>>He borrowed heavily and flipped 19 houses in Fort Lauderdale, reaping profits of $750 to $71,000 on each property and plowing two-thirds of his $300,000 in profits into still more homes<<

Flip a house to make $750?? Not worth the time or headache, kinda speaks to the guy's intelligence quotient.....<NG>

Exactly the guy the Fed is now targeting. He'll be wearing a barrel in a year.



To: John Vosilla who wrote (49946)3/10/2006 11:32:06 PM
From: bentwayRespond to of 306849
 
"He now owns seven, worth $2.5 million and doubts a crash will happen. He vows to keep flipping, even if it does."

You've just got to love these greed-fueled wonders! Their genius revealed by the insane bull market, they see NO WAY to lose. Anyone who cautions them just doesn't know what they're talking about.

So like some of my engineer buddies back in the dotcom days.


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