Quote:
Originally Posted by Amputate Your Head
Indeed the massive bubble was key. I bought a Maui property close to the beach in mid '03 for $660k and sold it in very early '05 for $1.1 mil. All I did was live in it. Only improvements were re-doing the master bath and some tile work out front. $440k instant profit, minus expenses, I walked with approx $390k.
And then the whole fucking program collapsed.  |
the whole system is designed to fail, the entire chain is commission based and assuming the value of a property will always increase. I just hope lessons will be learned this time but so far I have several indications it will be same old same old
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