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An Antidote to Corporate Media
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Frank, Even with great respect for economists I like this quote:
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." -- Dr. Laurence J. Peter, Author of The Peter Principle
Also worth considering --Mr. Up's very cool graph includes all the recent RE price gains to the peak of the current bubble. As a result, the gap between stocks vs. RE will no doubt grow even larger in years to come.
Mr.Up, Yes. Total return without the use of debt. Stocks beat real estate by an average of one percent per year. These are based national averages.
Zephyr,
Nice quote --maybe I should add that one to the Quotes thread.
I don't live and die by the words of any economist, either --not even my hero, Shiller. ;-)
Ultimately we will all be wrong in our predictions. The trick is to be wrong by as little as possible.
One of my personal favorites
In all recorded history there has not been one economist who has had to worry about where the next meal would come from.
--Peter Drucker
Ultimately we will all be wrong in our predictions. The trick is to be wrong by as little as possible.
The trick is to not be wrong on the one investment that could ruin the rest of your natural life!
Out here in Calif., your game wouldn’t work. People are too smart and too educated.
Actually there are fools everywhere in this country as evidenced by the insane use of IO/NA loans. These people are dumb for using them, and while heading to foreclosure, they are even dumber to allow themselves to get screwed again.
oh great, so we are suppossed to admire two men that bordeline cheat the system? and we should admire that more of our wilderness is being eaten up by encroaching civilization, endangering the survival of many magnificant species, so more people feel enspired to move out and try to bring all the trappings of the modern world with them destroying precious habitats, building huge houses that sit vacant most of the time?
"I’ve been “lucky†enough to build successful businesses in three different and completely unrelated industries"
_smile_
To quote one of my favorite philosophers: "Well, let's not start sucking each other's d***s just yet."
I'm just a simple cave man, listening to "All Jacked Up". Your complex schemes confuse and scare me. On the upside, I've got a bottle of Scapa. So let it not be said that God is just.
Cheerio,
prat
I have been lurking on this blog for some time, which is very intresting,
and today saw this
http://www.craigslist.org/sby/rfs/113781652.html
figured people will get a kick out of it ;-)
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There have been no shortage of would be realtor's who have entered the housing market in recent years. We've all heard the rallying cry of "Now is the time to buy." And of course everyone's favorite, "Real Estate never goes down."
But is this the talk of a "real" RE agent, or have they become sterotyped into the used car salesman mold because of the housing mania. Did we always look at RE agents as untrustworthy or is this a new phenomenon?
What do you think will happen as the market cools and jobs dissappear? Will the ethical RE agents be the one's left standing?
#housing