Decline in Real Estate

[haoleboy]

John, didn't you know that you were fully qualified for victim status? Would you do things different if you had it to do over again?

Aloha

"Success is having to worry about every damn thing in the world, except money."- Johnny Cash

[Rob L]

"Speculators" fill a vital economic function in a market economy. They provide liquidity. That is to say, when everyone else wants to sell, speculators will be there to buy. When everybody else wants to buy, they will be there to sell. Why do they do this? Because when everyone wants to sell prices will go down and when everyone wants to buy, prices will be high. If it were not for speculators, price swings would be much more exaggerated. It is true that sometimes speculators over shoot the medium to long term market price and drive prices up. When they do this they have paid too much and they will lose money. So, this kind of speculator (stupid ones) are driven out of business. We can complain about high prices, but the economic reality is that more people want to live in Puna, and that, not the speculators is driving up prices in the medium and long term. (PS I am not a speculator; I'm bought for myself and intend to hold on. But, Econ 101 should not be ignored completely in these postings.)
Aloha,
Rob L (in post communist Mongolia)
PPS John, did you ever drive a dial car for me when I worked at Skadden Arps in New York?

Edited by - Rob L on 08/17/2006 15:07:15

[John S. Rabi]

quote:

---

John, didn't you know that you were fully qualified for victim status? Would you do things different if you had it to do over again?

I sometimes wonder how would my life be had I defected at a younger age instead of the age of 28, but that's it. I never fit in in that society and I knew it will be just a question of time before I "make it" in the US.
Aloha

"Success is having to worry about every damn thing in the world, except money."- Johnny Cash

---

Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185

[jdirgo]

Is it just me, or has this thread sprung an "aloha-leak"? Now where's my patch kit?

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell

[Carolann R]

Haahaaa...Must be a full moon or something, right?



Carrie

"The opportunities to reach into the lives of others in an inspiring way arise in countless ways every single day..." Dr. Wayne W. Dyer

http://www.hellophoenix.com/art

[punafish]

Okay, everyone gather together now for a big group hug...(Yeah, you too haoleboy.) There, doesn't that feel better? It's not worth the drama and anguish. Let's move on

Tim
"The place to improve the world is first in one's own heart and head and hands, and then work outward from there." Robert Pirsig

Edited by - punafish on 08/17/2006 18:30:12

[Cindy B]

John, what you accomplished is amazing, and I'm sure it took a lot of belief and courage. Not everybody has that belief and courage. Some gather inspiration from story's like yours, some never hear 'em, or think, he must have something special goin' for him that I don't have. It's not just that it's easier to complain - living in poverty really isn't easy either. I love your story. Thanks for sharing it!

Aloha,
Cindy


John S. Rabi : "If I could do it anyone can. Unfortunately, for many people it is easier to complain."

[Cindy B]

Oops. I didn't read the thread all the way through before I replied and missed the closure. Hugs to all!

Cindy

[Carey]

It is great to hear how some of us have been able to 'make it' on our own, but for a slight reality check,
Bill, your starting wage of $375 per month, at 200 hours/ month (23 days of 8 hrs & 4 days of 4 hours) equals $1.875 per hour, almost 50% ABOVE MINIMUM WAGE in the mid sixties, not quite the true DIRT POOR. For a look at minimum wages, see:

http://www.laborresearch.org/charts.php?id=11

Value of the Minimum Wage 1960-1966
Year
Min Wage (Current $)
Min Wage (Real 2003 $)

1960
1.00
5.26

1961
1.15
5.99

1962
1.15
5.94

1963
1.25
6.37

1964
1.25
6.28

1965
1.25
6.19

1966
1.25
6.01
John, you came to the US with nothing, EXCEPT a good education, that is priceless for many.
I try to always remember that I have always been blessed with so much more than most, I have always had loving family & friends that could help me, even if I haven't used their help. I have always had a very good education, something lacking in many parts of this state, this country & in most of the world. I have been blessed to realize that many have had none of this, and that it is much harder for them to "make it on their own". Try to remember this. Others might really see how easy you had it, with any of these: well paying starting jobs, family that could help &/or advanced education!
Aloha, Carey

[haoleboy]

Mahalo for including me in the hug Punafish.

Aloha

"I have to ask if there is any useful purpose in repeating this stuff here."- Rob Tucker