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

To: Wyätt Gwyön who wrote (225209)	10/17/2009 9:01:10 AM
From: TheStockFairy	Read Replies (1) \| Respond to of 306849

I started a furniture import company that still survives during the housing boom and sold furniture to people buying houses. The company still survives. I hope I'm as clever for the next bubble.

To: Wyätt Gwyön who wrote (225209)	10/17/2009 3:19:46 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

If you'd been around here in the day you'd know a lot of people here made money on the housing bust.

To: Wyätt Gwyön who wrote (225209)	10/18/2009 2:10:03 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

OTOH, while 99 out of 100 participants in this thread did see the crsh coming, how many actually made money on it?* I made money on the boom. The thread (I've been here from day one just like you) made me wary enough to cash out close to the top on one property but cash out too soon on several others. I think cashing out too soon on a gain is always better than too late because of the tendency to get "married" to the ATH which entices you to think it is attainable again even while you are bleeding from every orifice. The thread did help me resist the urge to think that because I was making money on RE, that the RE boom was justified or fundamentally driven. I never drank the RE Kool Aid like a lot of my family and friends (who are now stuck underwater on their mortgages or with cashflow negative rentals that are now unsellable). Then I gave some of my real world gains back trying to play the the bust! What kills me is that I made money going long companies that eventually busted and lost money shorting companies that eventually went bust or were acquired for pennies. C'est la vie. Holding short through a killer bear rally is a difficult thing to do as is repeatedly shorting only to get stopped out. The terrible thing wasn't so much the fundamentals of the companies involved, those were easy to determine, it was the constant government interference and the threat of government interference. There was no way to handicap that risk because they kept coming up with new and more bizarre actions, you had no logical way to determine if you were shorting one that would or wouldn't be a bailout recipient.