Let’s say when you play, when you lose, you lose everything. This would be more realistic. I remember back in 2004 when an old friend of mine was “investing” in real estate,he started in Phoenix and ended up buying in Florida as well. Well being a good friend he wanted to let me in on it. I was in a 3 way phone conversation with him and an accountant friend of mine and we told him “it’s not a matter of if, just when the bubble will bust”,of course there was no convincing him. Inevitably we will all pay in our taxes, that is a certainty.P.S.-anybody buy a Lottery ticket tonight? If you did, then thank you, as the government will get 40% of it and hopefully that will decrease our taxes just a little bit down the road.
