And btw i went to your we site, love the concept drawings, my wife is from socal and she says she'd die for one of them haha

I think its a neat concept, but I personally will not throw more money than I could afford to lose into it in the meantime (just like if I were at the casino, although I am not too shabby at blackjack ;).

Not saying they may not be sharp folks, but as Chris pointed out, a concept in its infancy and nature of such funds will most likely have aspects that are not really directly related to institutional underwriting.

Look at who the people are that are being negative about RE.  

Spare me the 1% "Pay Option" negative amortization loans.

I think this will only be a short-term negative affect as some residents of southwest Houston head to the hills.That said, Houston still has a very efficient Real Estate Market operating on a approximate 15% ratio.

I had to remind him that I dont function that way and I may end up having to leave him in the dust because I believe that negativity breeds more negativity and as Prohabber said, the law of avereages favor you.

I have been negative on home builder stocks for quite some time now and they have indeed dropped a lot in the recent past.

While they may understand some of the financial concepts outlined in the course, they don't understand the value of fixed rate instruments.I once told a "note buyer" that I had a FIRST TD, with a rate of 14%, 2 years seasoning, 8 years to run until it ballooned.

You can pay the normal 30 year (or whatever your amortization is) amortization principal and interest payment, you can pay interest only, or you can actually have the option of paying a very low negative amortization payment.