All Forum Posts by: Account Closed

I agree with Michaels strategy because I've seen investors make it work for themselves over and over again. It works, but it can also get very complex to keep all your ducks in line and I've seen many of the best entrepreneurs lose control due to their own success. I also understand Daniels frustrations at seeing some of the biggest speculators on credit get bailed out. Best of both worlds, take advantage of the rules of the game, (and take a risk occasionally with your money or the banks), and you will succeed. But let the market work properly and thin the herd a bit, all the irrational exuberience of the ineffecient investors using other peoples money is killing my investment chances.

Lots of great posts on this topic. I've been overseas 14 years and only get snapshots of the housing market when I stop back home in CA. I've looked at nice houses in CA 10 years ago start at $325k go to $650k then to $940k at the peak. "Snapshots" Those same houses don't look any diferent then when I saw them 10 years ago and I wasn't exposed to any market euphoria and I'm a bit skeptical when I hear we've reached a bottom after the market droped about 30%. I was exposed to the S.E. Asian crises where my friends saw their house prices drop 350% in just 2 years. After the 1st year some of those friends "beleived" the bottom was reached and invested again and saw their investments drop another 150%. We compare it to catching a falling knife. Sometimes you time it right and look pretty cool when you catch the handle. Others just catch the blade.

I look forward to learning a lot on these forums.

Kurt