I guess they would want me to blow the money on an expensive vacation around the world or some other consumer crap (how about a small yacht) so that I could be considered irresponsible enough to deserve a bailout.Help me out here guys!

However, if he is losing money selling at $50, that is the free market telling him that the consumer no longer values his stuff compared to the raw material inputs of his manufacturing process.

Real estate investing has been around for thousands of years and it basically the same now as it has been forever!

i agree with jon....my 'lot of house' comment was from personal experience.you are on the right path for the 3/2/2. my first property i bought, we purchased because it was good for us AT THE TIME. didn't look longterm. don't get me wrong, its a nice 2/2 with a loft, but the layout and area isn't the best.now i will only buy a primary based on jon's advice of buying a house 'you're willing to die in'. ofcourse, we hope that won't be the case though.....you look like a nice murderous clown from your photo, i hope you lead a long, long life.ALSO, if you have any intention on not dying in this house, be sure to make it not too personal. your last comment of it being built the way you want may not mean what someone else wants. if you are planning to not live in the house forever, think about neutral 'stuff'. stay away from the pink jacuzzi tub (of which the house i purchased last year had) and the crazy colored roof. ofcourse, anything can be replaced...just a thought

I have a file that has I have been working on for ever with Indymac.

Negativity can consume the soul if we let it.So while my advice might not be technical, it is practical.

Not to mention, they are dealing with the fallout of falling prices combined with local (and state and national) governments assumptions prices would rise forever.

The reality is you won't live in it forever and your proforma is supposed to reflect the performance of the property across it's lifetime.

well, imagine that for pot. trust big companies would come up with some phenomenal product. it would blow away the crap that gets smuggled in from mexico and canada, and the stuff that a bunch of idiots with no real qualifications or knowledge of botany are churning out of their grow houses.check this out for example:http://www.nydailynews.com/news/ny_crime/2009/03/27/2009-03-27_firefighter_sanitation_worker_arraigned_.htmldo you really think either of those idiot firefighters should be generating a product that people are going to essentially consume?

If you are going to be working with investors fronting up $500K, partnering with a rehabber, and starting a property management company, then you will want to consume yourself with the education process.