Fast-forward 100 more years, and we're starting to realize that even these more complex theories aren't anywhere near complete enough to model the real world.It's not the Newton or Smith were wrong -- nor were Keynes or David Hume -- it's that their theories weren't complete enough to stand up to the complexities of the real world.

That's a pretty "1980's" business model - but especially dangerous with 2013's new investor and borrower protection laws.

I know there are sub2 investment models based on long term buy and hold and that's fine, just not my cup of tea.

I'd like to incorporate wholesaling to my business model.

"Real Estate is always local" (So it's difficult if not impossible to determine national trends and predict the future)I think the most telling portion of the interview is that 1) no one knows what is going to happen...yes there have been sigificant gains in specific markets that are braggable but we don't know if it is sustained or not.2) Shiller was very open to rental- as a business model- is sustainable and growing.

I agree that it's not really the same model as flipping.  

Just need some help with the model below.

I currently work for eXp, but am not an evangelist of either model.

One thing I concern is, what if the HVAC and the refrigerator needs replacement part, will the replacement parts cost 10x higher price then what normal model charge? 

Anyone out there argus certified to help model a few properties we are looking to buy?