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

To: bentway who wrote (286196)	10/23/2010 4:00:40 PM
From: John Vosilla	Respond to of 306849

'Anyone in my situation could have done what I did. Jim McMannis seems to think it's "unfair"! I just played the hand dealt me.' That is called being a smart capitalist? I tried selling EVERYTHING 2004-07..missed getting out of a couple big ones under contract fell through as things unraveled quickly. One was a nice acreage parcel with 16 good acres lakefront next to an industrial park but still needed better access, the other the house I still live in.. the buyers actually had a fight and started divorce proceedings two days before closing after waiting for a long time to close that one. The market had become very weak so didn't put it back on the market again in early 2007 (we seem to be well over a year ahead of you perhaps even two?). Lost a lot of equity holding plus the stock market crash was brutal those leveraged ETF's in either direction the worst those crazy months. Started buying RE again late 2008 after 4.5 year siesta.. did very well there though I had to tweek the business model from the old days but along with an incredible run in the stock market so recouped most all the losses 2007-08.