A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Thursday, October 12, 2006
Sign
I saw this hanging from a chain-link fence in Corte Madera the other day.
The sign that I saw in San Leandro yesterday said "$20,000 per month." Since the dollar amount was stated absent any context, it is unclear if the suckers responding to this come on would earn this amount or lose this amount. Probably the latter.
However, I'm sure that the Senior Vice President and Chief Economist of the NATIONAL ASS. OF REALTORS knows more about real estate investing that some jerk who sticks signs by the roadside. His book is all you need:
Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market (Feb 21, 2006) by David Lereah.
My understanding is that this is an organized scam where they use the apprentice to buy an overapprasied property from the investor. The apprentice is then either stuck with the property, or encouraged to default. Then they try to run the same scam on another property.
trailer trash said... "However, I'm sure that the Senior Vice President and Chief Economist of the NATIONAL ASS. OF REALTORS knows more about real estate investing that some jerk who sticks signs by the roadside. His book is all you need: Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market (Feb 21, 2006) by David Lereah. This book is available from Amazon.com."
Sounds like a great book from a smart guy. I'll buy it before I start to flip homes and make big money...
I saw this hanging from a chain-link fence in Corte Madera the other day.
10 comments:
In Lucas-speak:
Sith Master seeks naive minion
Pardon my off topic post......
Is anybody looking at the national debt ticker that is running on this website?
This is looking pretty scary to me.
It reminds me of the housing debt.
Strange. I saw the same sign in a NY City suburb 'couple of weeks ago.
You know I've called these guys and no one has ever called back. Investors...what a bunch of yo-yo's.
~Caddis
The sign that I saw in San Leandro yesterday said "$20,000 per month." Since the dollar amount was stated absent any context, it is unclear if the suckers responding to this come on would earn this amount or lose this amount. Probably the latter.
However, I'm sure that the Senior Vice President and Chief Economist of the NATIONAL ASS. OF REALTORS knows more about real estate investing that some jerk who sticks signs by the roadside. His book is all you need:
Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market (Feb 21, 2006) by David Lereah.
This book is available from Amazon.com.
My understanding is that this is an organized scam where they use the apprentice to buy an overapprasied property from the investor. The apprentice is then either stuck with the property, or encouraged to default. Then they try to run the same scam on another property.
It seems the bust is starting to hit SF, the deals for the buyers are getting better - good luck to you in Marin.
trailer trash said...
"However, I'm sure that the Senior Vice President and Chief Economist of the NATIONAL ASS. OF REALTORS knows more about real estate investing that some jerk who sticks signs by the roadside. His book is all you need:
Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market (Feb 21, 2006) by David Lereah.
This book is available from Amazon.com."
Sounds like a great book from a smart guy. I'll buy it before I start to flip homes and make big money...
Translation:
FLIPPER
SEEKS SUCKER
(to bail him out and hold the bag)
Or need apprentice pot house owner to cultivate indoor crops.
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