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

To: benwood who wrote (45390)	10/14/2011 12:58:55 PM
From: TH	Respond to of 119362

bw, The truth is that I gave up trying many years ago. Now, ONLY, when someone asks, do I offer to try to help. To point them in a direction to educate themselves a bit. But you are right, and unfortunately it requires hardship before many will try to understand. And then of course it is too late. At that point they cannot make a choice to not buy the 60 inch TV and instead get 2 ounces of gold (or, if you bought when I did, a 50 inch TV cost around 6 ounces of gold, give or take). Now it is too late for these people. It saddens me. Profoundly. I've seen my idiot savant buddy go from three homes and a nice living to an absolute struggle to keep his one home and meet the needs of his family. And he challenged me every step of the way. He argued that his house in Orlando (a big monster second home) was immune to a downturn due to international demand in that area. I begged him to sell in 2005. Begged him. He would not listen. Now it is foreclosed and he lost everything, including 160k in paper equity had he sold in 05. Really brother, I just throw my hands up and keep my mouth shut. GT TH