SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: damainman who wrote (150850)9/26/2008 1:50:04 PM
From: GraceZRespond to of 306849
 
I hear stories of MD's who bought 4 or 5 investment homes and lost every one of 'em.


I can't tell you how many times the subject would come up at a party or social event. I'd start railing about idiots speculating in the RE market, way over leveraged with interest only or pay option loans on properties with terrible cap rates, only to have the person I was talking to admit to be involved in exactly that. But of course they'd always couch it in terms that their properties were in great locations and they knew what they were doing in regards to the financing, in other words they were smart cookies.



To: damainman who wrote (150850)9/26/2008 1:54:51 PM
From: jrhanaRead Replies (2) | Respond to of 306849
 
Not only MDs-Actually of all the people I knew during the peak real estate bubble, the MDs were the least involved. The most involved were the lower echelon hospital workers who were busy ruining their lives or at least their credit paying $250,000 for condos that probably should have sold for $30.

I spent a lot of time screaming at them, but it is hard to talk with anyone with a mania mentality.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News