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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (355624)	10/22/2007 4:07:03 PM
From: tejek	Respond to of 1575887

Buyers Pounce on Deals as Homes Go on the Block By JOHN LELAND MINNEAPOLIS, Oct. 21 — In a down real estate market, they came to buy. They came early, they came in numbers and they came with bank checks for $5,000. Been there, done that. That's how I got my building in Hollywood. Went to an auction and had no idea what I was doing.....scared sh!tless. No one wanted the building.....out of 30 units, 20 were vacant....the rest occupied by druggies and prostitutes....infested with rats and cockroaches. Got it for a price less than the initial bidding price.....wasn't accepted.....had to go to the initial bidding price before they would let me have the damn thing. This older guy told me at the time......"don't let the news scare you. S. CA is on the ropes but it still has the sun, and the ocean and the mts and the movie industry. It will come back". And it did and I did well by that building. That's why I can't get freaked out by the current 'housing crisis'. Compared to what S. CA. went through in the early '90s, it's a walk in the park. During that time, I came across a Chinese saying: With every crisis comes opportunity! So true......kept it on the wall to remind me when I freaked out. ;-)