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

To: ballsschweaty who wrote (87834)	8/31/2007 6:22:50 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 306849

Sadly I opted for an MBA in 2000. Being debt averse, I decided to take student loans and combine that with money made from investing in the stock market in the 90's instead of leveraging myself completely (since I had no money after tuition, books, etc - not even sure they did 0% loans back then) and work my way through it. Unfortunately my father didn't loan me a dollar. I guess in retrospect I should have foregone that and flipped condos like the smart money. I suppose my salary today, which probably puts me in the 99%++ percentile, is small recourse for not buying a small house somewhere at the time, but I'm sure things will even out in time. Let's not forget to add to that my bonus which was bigger than that salary and which dwarfs what median owners in this country made between 2000-2007. I'm no Soros, but I do ok. And no matter how much I make, I'll always be a cheap basterd always looking for a deal because I remember where I came from. As for my commercial properties. I guess you're right save for the fact that I already have 15% embedded appreciation in Austin, TX AND I am very cash-flow positive even after taking on 85% LTV including seller carrybacks. Thanks for your opinion though, but it was worthless as usual.

To: ballsschweaty who wrote (87834)	8/31/2007 6:53:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

lease your Porsche.. OK- I KNOW not to get into this. But cars are a tough measure on someone's net worth. Owning vs leasing also. I once worked in a startup company where the CEO drove a BENTLEY. Yes, a bentley. It was so pretentous I had to laugh. The KP VC who was running the show had a respectable 60K BMW. Nothing ostentatious. I still own a 94 BMW 525i because I use it to pick people up at the airport. Its a nice solid sedan, as opposed to my newer cars which are much smaller. You need a midsize every once in a while. Generally speaking flashy cars can masquerade for an immaturity or penis envy or all kinds of things.... don't trust em!!!