01-21-2009, 05:12 PM
quote:Simple, look at the real estate agent-owned property listings and check the TMK record against them to see how much they bought the properties for. Note in addition that the TMK records do not indicate whether they used the property as an ATM machine. The properties (six) that I sold in 2005 and 2006 are public record. I still own a condo where I live, I bought it for $200K (public record) and it doesn't matter how much it is worth now, I live there. (It's worth 50% more.) I also own two pieces of land that I bought for retirement to build a house on one, but undecided on which one. I also own a house that I built as a spec, and though I still could sell it with a small profit even now (because I bought the land cheap) I decided to rent it out instead, because I believe its value will increase.
Originally posted by oink
ps: I don't think Realtors, as Realtors, had any effect on causing the bubble, they were just caught up in it. Some Realtors did influence the bubble when they themselves became speculators in the market.
I have no problem posting these since they all are public record. Am I a financial genius? No. I am fortunate enough to be in a position to learn of the good deals before most everybody and I have the guts to pull the trigger. I only buy what I can afford, and when I buy something I have a Plan A and a Plan B, sometimes even a Plan C, and I also have an exit point.
Bulls make money, bears make money, but pigs get slaughtered! [
]Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
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