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To: Think4Yourself who wrote (54048)	7/30/2006 5:14:01 PM
From: tdl4138	Respond to of 116555

The greed factor is simply amazing. The people I've dealt with ( sold RE to ) are mentally not prepared for anything other than a "profit". They just figured on an ever increasing market. Period. The environment they now find themselves in is something they never considered a possibility. Granted, the potential profits were intoxicating, anyone with common sense knew that no matter how good the market was, it had to cool down sometime. I sold a tract in Palm Bay 2 years ago for $89K....six months later the guy had an offer for $150K and turned it down...after all "that was insulting". He had it listed for $269K. He recently called the realtor and wanted her to get back to the guy that offered 150k to see if he was still interested....Apparently he's not....and since I'm holding a small note on the property...it appears I'm going to be getting it back. This same guy has mortgages on every piece he owns...and no income. He was living off the profits he was making. After all, RE only goes up....