And these "max's" assume it's a HUGE value trader, 2 weeks, peak season (red week) in either a sought after area or local area.

Just like the stock markets, there are the long term (buy and holds) and the short term (traders), both referred to as investors.

If you can beat this moving targets over a 10 plus time period then things are very good.I always liked the funny vernacular via traders, analysts... like the dead cat bounce...

Anyone heard of REI Trader LLC located in Birmingham, AL? 

I know one of my bizz partners just bought a fixer for 1.5 over on the other side of Diamond head.. right across the street from that crazy Japanese billionaire that owns all those ocean front places that sit vacant..

As many people who may have quit their jobs to get into real estate in 2004-2006, ten times as many quit their jobs to become day-traders in the late 90s (and nobody had any idea what they were doing).As for worst investment, definitely the World Series of Poker Main Event... :-)

Many economists and lumber traders are saying these price levels are here to stay for the next 6-12 months.

I saw this in the Timber industry when the Japanese were paying double for the same logs the domestic mills where paying..

Even the grad student tenants who are picking up OT @ Trader Joes to dump down on their student loans. 

That's what I had in mind, instead of paying the second loan @ 38k, I told him we should invest this money somewhere else ( I am a commodities and futures trader) and after a year or so pay down that 38k.