by HARM follow (0)
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I got a letter some days back from Donald T. It is an invitation to attend an event on the "booming foreclosure market". Maybe some of you will be getting a like invitation soon.
I for one do not believe that "insider information" on the booming foreclosure market will bring me to any good end. Donald T. is an ultra boomer. He is likely to abound in "wealth creation" for himself, but not me.
ak,
Yup - John T Reed has done many excellent exposes on most of these "instant millionaire" bullshit artists, most notably Robert Kiyosaki (is it any wonder he's Casey Serin's hero?). Same could be said for any get-rich-quick MLM/pyramid scam sold to the general public. If it's such a sure-fire money-maker, then why aren't YOU doing it instead of selling me your "secret" for 10 easy payments of $499.95?
About the only good thing I have to say about those guys is they mostly prey on the willfully greedy and stupid. That puts them a notch above scumbag parasites that prey on the elderly with "equity stripping" and similar scams.
Either I need to open the single-malt or that shirt X is wearing is making me dyslexic.
I palindrome I
How come this particular thread attracted the following Ads by Google: "Euthanasia ProCon.org" and "Was Kevorkian right?"
You can only get rich in the long run. I made a 4 HAHA profit in real estate by living in it for 25 years. Surfer-X can too, with a side benefit of paying FICA on my behalf. A rising tide raises all boats!
Randy & Eliza,
I just posted a (somewhat rambling) reply to your points re: rent vs. buy on the last thread.
i just parked IamFacingStarvation.com so I can resell it for huuuuuge profitz.
let the bidding begin.
There could well be a booming foreclosure market about to happen -- is it worth trying to 'capitalise' on it? 'Buy in gloom, sell in boom'? Or are you going to be catching a falling knife? Or we simply can't be assed trying to make money out of other people's misfortune by hustling on the courthouse steps?
Casey S. would have been well advised to try this strategy from the guru's playbook at this point in the market, rather than being the foreclosee who bought at the top...
Is Donald T. Donald Trump, by the way? Seems a bit beneath his style...
HARM Says:
I just posted a (somewhat rambling) reply to your points re: rent vs. buy on the last thread.
so did I...
trump is all over the seminar circuit
http://www.trumpuniversity.com/programs/rem/index.cfm
crazy huh. i think other gurus pay him to use his name on thier products/classes/programs and even to put his name on thier high rise condo.
he is the slickest of them all.
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Due to privacy & security concerns, I am unable to show you an actual street-front photo of Surfer-X's used house, so a 6-year-old nephew obliged with an artist's conception:

Friends,
I attended Surfer-X's housewarming party last Saturday, and I'm sorry to say he is but a shell of his former self. His crushing house payments have clearly forced him to the brink of starvation, as can be seen from his dramatic weight loss (compare to previous blog party photo).
He barely had the strength to pose for this one photo, before collapsing from exhaustion (but not before imbibing a tasty margarita or two). This poor man was clearly arm-twisted into buying a horrendously well maintained house that the local Realtorâ„¢ insists did NOT sell for nearly 30% below market comps (and I'd better keep my mouth shut about that or the neighbors'll get angry).
So, this is what our once mighty and proud Surfer-X has been reduced to, folks. He is now a (*gasp*) used homeowner! Can't you see the deep sadness and buyer's remorse written all over his face? The whole time I was there, he could barely muster enough spirit to produce a brief rant about f@%ing Boomers, in between noxious mouthfuls of barbecued chicken (probably supplied by the local food bank).
A very sorry state of affairs, indeed. We must keep him in our hearts and prayers.
HARM
#housing