They have over speculated 10 fold, they are buying up gold and bitcoins like crazy (they know they are tanking their economy) and censoring what we hear about it.

Then again we can also point to plenty of multi-millionaire/billionaire entrepreneurs who ditched higher education. 2.

These Chinese billionaires sneeze at that tax.

The great billionaire market trader Paul Tudor Jones talks about a 5:1 risk/reward ratio.

Those types of things do not exist (unless you believe in bitcoin or bought apple stock like forrest gump).

So my question was do you think buying and holding is better or flipping or buying land and developing like ....how do you become a billionaire in real estate is it through strip mall developments ,apartment complex ownership , and hotel development and forcing appreciation .

I want to be in the BBC - Billionaire Boys' Club!

When the fed tried to tighten the money supply in 2005-2006 all the good folks with ARM's suffered,on top of that were the hits from storms in 2004 and 2005 causing home insurance to spike in the gulf states.On top of that increased fuel prices.The soaring price of oil was a big factor that took time to effect economic growth.It was a perfect storm.This is different,oil is down which will spur spending and allow people to improve their credit by paying down debt,it also helps with job creation.ARM's are being replaced by fixed loans and insurance rates are starting to stabilize and even drop.Banks are tighter with lending standards and irresponsible borrowing is not as easy to do.There will be a slow down because the fed is trying to wean us off the easy money sugar rush,but they can't because it will make the dollar to strong against world currencies and that will cause a slow down in the rest of the world which will feed back to the U.S.If the fed jacks up rates then we will probably be looking at another prolonged downturn.I would hope that they see that but they missed it in 2006 and they are still expecting a bubble but the liquidity is only flowing to the top 10% creating a billionaire bubble.

What’s not worth a glance (financially) to a billionaire would be everything to a starving individual.

So many people see the big NET returns and think STR/vacation rental are the next bitcoin.