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What is "real" about real estate?


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2006 Sep 24, 5:05am   12,210 views  50 comments

by Peter P   ➕follow (2)   💰tip   ignore  

What does the "real" in real estate mean?

"Real" as in " the real thing"? "Real" as in "El Camino Real"?

Probably most people think it is the first one. Hense, real estate is the reality and it will ever go down. But if it is the second one the King owns it. Hmm...

Unreal estate
Under the green fog of a bubble dusk.

#housing

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43   Different Sean   2006 Sep 24, 4:10pm  

i don't think they'll deport him for that one... mass murder maybe... after all, he's only trying to realise the american dream... do you get a green card when you're 9 years old? (his family came out 15 years ago)

housing panic's blog comments are worth reading on his plight, and who else might be to blame:
HP "Exclusive": Iamfacingforeclosure.com

i note that casey has also attempted to author an earlier article on 'buying houses wholesale' elsewhere on the net. the language of 'buying houses wholesale' is used by fake RE gurus a lot, and is essentially meaningless, and just shows that someone just completed a guru course if they use it. the only way you can buy a house wholesale is to buy the plot of land and develop it yourself. after that, it's sold for a value added retail amount, and you can't reinstate its 'wholesaleness' later. not that anyone in the industry uses the word in that context anyhow...

45   David J   2006 Sep 24, 4:17pm  

Hello LILLL and astrid. Thanks for the welcome. I drive a Dodge Ram 2500 that I bought new in Jan 98. I swore I would keep it for at least ten years and then see how it's holding up. So far it's been the most trouble free vehicle I've ever owned. Only routine maintenance has been required and it's almost nine years old. In the end I hope to be able to keep it for fifteen to twenty years. A friend of mine bought a truck similar to mine just a couple of months earlier than I did and is now on his fourth new truck since then. The amount of money that is wasted by folks that feel they need a new car every two years is staggering. My wifes car is only four years old and I think I'm going have a tough time convincing her to keep it for six more.

46   Different Sean   2006 Sep 24, 6:01pm  

Peter P Says:
I am not a fan of incarcination at all. Most long prison terms should be commuted to death sentences. Prisons are very expensive. Gallows are much cheaper to operate.

jeez, you must get mugged or burgled weekly in alternation to have that view. "hang 'em high..."

can we also hang corrupt congressmen who take money from big business and special interests for favourable treatment (all of them), war criminal presidents, most attorneys, RE salespersons, RE gurus, used car salespersons, most bankers, anyone who spends more than $300 on a suit, anyone whose attitude i don't like, etc. i'll be in on that... i will set them all long prison sentences and have to commute them to death sentences, because the law demands it! ah, it will be a fine cultural purging come the revolution...

47   Randy H   2006 Sep 24, 11:31pm  

Meantime, Randy is out there trying to influence the market for the benefit of us all. So is Peter P.

I cannot speak for Peter P. But as for me, I am not about crusading as some market making altruist. I am only interested in securing a suitable home for my family at a suitable price. That it may help a wider market if others engage in similar market setting behaviors is nothing more than a pleasant side-effect.

I hope it doesn't surprise or disappoint anyone to find out that I am decidedly not an altruist.

48   Peter P   2006 Sep 25, 2:32am  

Meantime, Randy is out there trying to influence the market for the benefit of us all. So is Peter P.

I have never tried to influence the market and I will never try. It will not succeed. It will only bring frustration.

49   astrid   2006 Sep 26, 6:09pm  

Matken,

Thanks but no thanks! I do my part to encourage elected officials to do their jobs and execute the laws they have on the books. That ought to keep them busy for a while.

50   jdonnovan   2008 Jun 10, 1:09am  

I personally think that there is very little that is "real" in real estate, real estate for the most part is a lot of smoke and mirrors designed to confuse the buyer and make the process much easier for the agents.

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