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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (12425)	12/13/2006 10:24:48 PM
From: GoldBull no bug here	Read Replies (2) \| Respond to of 217649

yep, land is great until its a liability. New plan...education, gold and teach the kids to be good poker players(a good survival skill in any situation or field). :-)

To: TobagoJack who wrote (12425)	12/13/2006 11:10:56 PM
From: Ilaine	Read Replies (2) \| Respond to of 217649

The point is not to buy real estate with a short term horizon, but to buy and hold forever. This is precisely what the richest families I know have done, over generations. Selling price thus irrelevant.

To: TobagoJack who wrote (12425)	12/14/2006 7:51:57 AM
From: carranza2	Read Replies (2) \| Respond to of 217649

real estate is a dead-ender with a taxable address, wearing an electronic dog-tag, sporting a large thermal signature, and waving a satellite tracking transponder Jay, that is just plain wrong. I finished taking testimony of an honest-to-God oligarch yesterday in a large environmental case in which he claims that some of his land is contaminated. His family began accumulating land in the early 1800s, and never sells it. The wealth is truly astonishing. Their partners are literally the wealthiest families in the US. All very much below radar. It takes vision, fortitude, the right heirs, the right training of the heirs, and a very long time horizon, but the rewards are enormous and passed on for generations.