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To: Orangedog
Agreed. I cashed out of Silicon Valley in '99, and as things started to get worse and worse (macroeconomically speaking), the now-ex-wife asked for everything that demanded cash out-flows... I happily gave her everything she asked for (she gave me a fat check to "ease" the pain). Now, my credit's essentially perfect, and I have zero debt...

Waiting for a little while, to see how things shake out... When the real-estate prices really tank out, that's when I'll make my move... Get as many pieces of property as I can leverage into, and then rent/lease as needs be...

All I have to do is wait.... ;)

4 posted on 05/18/2003 1:02:49 AM PDT by Capitalist Eric
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To: Capitalist Eric
When the real-estate prices really tank out, that's when I'll make my move... Get as many pieces of property as I can leverage into, and then rent/lease as needs be...

All I have to do is wait.... ;)

Be ready to wait for a while. I have a very nagging feeling in my gut that says that the popping of the real estate bubble will likely manifest itself with a relatively quick 10-20% drop, and then, after some buying interest surfaces, well be treated to home values dropping sort of like a lot of peoples' 401k's...every month people see it dropping and eventually stop watching because it's too depressing. THAT is when you pick up the ex-wife's assets for pennies on the dollar!

19 posted on 05/18/2003 8:33:04 PM PDT by Orangedog (Soccer-Moms are the biggest threat to your freedoms and the republic !)
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