Comments on: Is the US obsessed with Real Estate? http://www.clusterflock.org/2009/03/is-the-us-obsessed-with-real-estate.html a site about everything Fri, 30 Jul 2010 06:50:34 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Mike Dresser http://www.clusterflock.org/2009/03/is-the-us-obsessed-with-real-estate.html/comment-page-1#comment-413443 Mike Dresser Sat, 21 Mar 2009 00:50:21 +0000 http://www.clusterflock.org/?p=20831#comment-413443 But what pissing it must have been. But what pissing it must have been.

]]> By: Sheila Ryan http://www.clusterflock.org/2009/03/is-the-us-obsessed-with-real-estate.html/comment-page-1#comment-413380 Sheila Ryan Sat, 21 Mar 2009 00:13:45 +0000 http://www.clusterflock.org/?p=20831#comment-413380 The night J lost $1200 in one roll of the wheel in Vegas at The Venetian was bad. We'd just met a man who'd known Rainer Fassbinder, and that was pretty cool. Plus: J had been on a winning streak for years. Got to thinking tonight. Dang, that was sweet when we made over thirty per cent in eighteen months on that condo we'd bought in Chicago's South Loop. Too bad we pissed our gains away within another eighteen months. The night J lost $1200 in one roll of the wheel in Vegas at The Venetian was bad. We’d just met a man who’d known Rainer Fassbinder, and that was pretty cool. Plus: J had been on a winning streak for years.

Got to thinking tonight. Dang, that was sweet when we made over thirty per cent in eighteen months on that condo we’d bought in Chicago’s South Loop.

Too bad we pissed our gains away within another eighteen months.

]]> By: Mike Dresser http://www.clusterflock.org/2009/03/is-the-us-obsessed-with-real-estate.html/comment-page-1#comment-413332 Mike Dresser Fri, 20 Mar 2009 23:50:24 +0000 http://www.clusterflock.org/?p=20831#comment-413332 I think real estate is as close to major-league leverage as the average investor can come. Even with 20% down, you've got a 5:1 return on your investment riding the ups and downs in the market. It is exciting: money from nowhere! Look how <i>wise</i> we were to buy in! I once played with a bit of money in stock options. I did great for a while ($400 in one day!) until a bad bet cut my original investment in half. Learned my lesson and got out; I will stick to playing the ponies or some more entertaining sort of gambling. I think real estate is as close to major-league leverage as the average investor can come. Even with 20% down, you’ve got a 5:1 return on your investment riding the ups and downs in the market. It is exciting: money from nowhere! Look how wise we were to buy in!

I once played with a bit of money in stock options. I did great for a while ($400 in one day!) until a bad bet cut my original investment in half. Learned my lesson and got out; I will stick to playing the ponies or some more entertaining sort of gambling.

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