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To: RetiredNow who wrote (132739)	4/5/2013 11:50:36 PM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

Your dad sounds smarter than most RE investors I know. The theme during the bubble from many experienced ones was they finally were getting the big payoff after all the hard work from the flat RE market of 1987-2000 at least in my neck of the woods. Values were going to flatten at the new high levels as inflation did it's magic and of course RE never goes down. Most all the big winners prebubble were very hands on deal makers who were on the prowl daily for equity, monetized via flipping or held paper at 10% rates and repeated the process year after year after year while values went nowhere and rents stayed low. I had stopped buying real estate by spring 2004 sold most everything over the next three years except the primary house and a large acreage parcel. Stocks rode into 2006 cashed out and was happy to get nice CD returns but got bored screwed up on leveraged ETF's when I started playing again fall of 2008. 2009 and 2010 were golden happy to reverse the 2008 losses. Been back into real estate late 2008 and will be buying and holding going forward as long as the numbers work and the growing equity and cash flow are there..