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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (81732)	10/20/2011 7:49:42 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217591

hello riskmgmt, a few words of caution. i participated in a club back in 1987-88 to buy an 88-unit complex in sacramento, at ostensibly 20% below replacement cost, only to see the monster degrade to 40% below replacement cost. it was an interesting experiment to provide housing to the middle class, bought many units of white goods, fixed quite a few roofs, filled out plenty of forms, and exited a few years later. had i invested the same sum in discovery bay of hong kong at the same time, which i did not because i figured disco bay needed to fall by 50-75% per global standard, i would be ... well never mind that now, milk spilt. we are coming up to the year end in hong kong, to tidy up old biz and start new ones. am looking forward to 2012 ... should be interesting. am concerned about 2012, because we either stay with the getting-old game of fretting about euroland or move on to something no longer so familiar. cheers, tj