Incredible glee – RE “investors” get theirs

[jpinpb]

Yeah, I was thinking that, too. The Giant Dipper roller coaster in Mission Beach would be the precursor to his real life Giant Dipper real estate roller coaster. Too comical. Bet they’re asking themselves, walkaway or ride it out, “Call it, Friendo.” Extraordinary measures. One well-thought out risk after another.

[patb]

Intersprerse the real estate roller coaster video with the
video of this guy riding the big dipper,

🙂

seriously, what kind of idiot buys houses in 3 different states,
he must have thought he was casey serin

[patb]

Intersprerse the real estate roller coaster video with the
video of this guy riding the big dipper,

🙂

seriously, what kind of idiot buys houses in 3 different states,
he must have thought he was casey serin

[patb]

Intersprerse the real estate roller coaster video with the
video of this guy riding the big dipper,

🙂

seriously, what kind of idiot buys houses in 3 different states,
he must have thought he was casey serin

[patb]

Intersprerse the real estate roller coaster video with the
video of this guy riding the big dipper,

🙂

seriously, what kind of idiot buys houses in 3 different states,
he must have thought he was casey serin

[patb]

Intersprerse the real estate roller coaster video with the
video of this guy riding the big dipper,

🙂

seriously, what kind of idiot buys houses in 3 different states,
he must have thought he was casey serin

[DWCAP]

I have trouble taking pleasure in other peoples pain. It isnt in my nature. I just really hope that all these people learn a valuable lesson, and pass it on to their children so we dont keep poping bubbles no one but those with their eyes open saw.
Having said that, I did find something very telling in this article. Nearly everyone interviewed in the article were RE agents who made big money in the boom, and now have gone bust. 200+ people.

“Pamela Khamo, 42, began a career as a real estate agent in 2002 after selling her La Mesa coffee shop. As the housing market heated up, so did her commissions. By 2005, her annual income swelled to $360,000, according to bankruptcy records.”

How many people go from owning a coffee shop in La Mesa to making $30000/month? The cromers were a hotel administrator (ie mid-level service manager) and a stay at home mom. Suddenly they had salaries they never would have imagined selling RE in the boom. These incomes are not coming back. It isnt like they lost the house but get to keep the paycheck. How many more like that are there? How many own construction firms, furniture stores, plumbing/painting/electrical/gardening buisness that are not making ends meet anymore? And this is suppose to be end of it? Fat Chance.

[DWCAP]

I have trouble taking pleasure in other peoples pain. It isnt in my nature. I just really hope that all these people learn a valuable lesson, and pass it on to their children so we dont keep poping bubbles no one but those with their eyes open saw.
Having said that, I did find something very telling in this article. Nearly everyone interviewed in the article were RE agents who made big money in the boom, and now have gone bust. 200+ people.

“Pamela Khamo, 42, began a career as a real estate agent in 2002 after selling her La Mesa coffee shop. As the housing market heated up, so did her commissions. By 2005, her annual income swelled to $360,000, according to bankruptcy records.”

How many people go from owning a coffee shop in La Mesa to making $30000/month? The cromers were a hotel administrator (ie mid-level service manager) and a stay at home mom. Suddenly they had salaries they never would have imagined selling RE in the boom. These incomes are not coming back. It isnt like they lost the house but get to keep the paycheck. How many more like that are there? How many own construction firms, furniture stores, plumbing/painting/electrical/gardening buisness that are not making ends meet anymore? And this is suppose to be end of it? Fat Chance.

[DWCAP]

I have trouble taking pleasure in other peoples pain. It isnt in my nature. I just really hope that all these people learn a valuable lesson, and pass it on to their children so we dont keep poping bubbles no one but those with their eyes open saw.
Having said that, I did find something very telling in this article. Nearly everyone interviewed in the article were RE agents who made big money in the boom, and now have gone bust. 200+ people.

“Pamela Khamo, 42, began a career as a real estate agent in 2002 after selling her La Mesa coffee shop. As the housing market heated up, so did her commissions. By 2005, her annual income swelled to $360,000, according to bankruptcy records.”

How many people go from owning a coffee shop in La Mesa to making $30000/month? The cromers were a hotel administrator (ie mid-level service manager) and a stay at home mom. Suddenly they had salaries they never would have imagined selling RE in the boom. These incomes are not coming back. It isnt like they lost the house but get to keep the paycheck. How many more like that are there? How many own construction firms, furniture stores, plumbing/painting/electrical/gardening buisness that are not making ends meet anymore? And this is suppose to be end of it? Fat Chance.

[DWCAP]

I have trouble taking pleasure in other peoples pain. It isnt in my nature. I just really hope that all these people learn a valuable lesson, and pass it on to their children so we dont keep poping bubbles no one but those with their eyes open saw.
Having said that, I did find something very telling in this article. Nearly everyone interviewed in the article were RE agents who made big money in the boom, and now have gone bust. 200+ people.

“Pamela Khamo, 42, began a career as a real estate agent in 2002 after selling her La Mesa coffee shop. As the housing market heated up, so did her commissions. By 2005, her annual income swelled to $360,000, according to bankruptcy records.”

How many people go from owning a coffee shop in La Mesa to making $30000/month? The cromers were a hotel administrator (ie mid-level service manager) and a stay at home mom. Suddenly they had salaries they never would have imagined selling RE in the boom. These incomes are not coming back. It isnt like they lost the house but get to keep the paycheck. How many more like that are there? How many own construction firms, furniture stores, plumbing/painting/electrical/gardening buisness that are not making ends meet anymore? And this is suppose to be end of it? Fat Chance.

[DWCAP]

I have trouble taking pleasure in other peoples pain. It isnt in my nature. I just really hope that all these people learn a valuable lesson, and pass it on to their children so we dont keep poping bubbles no one but those with their eyes open saw.
Having said that, I did find something very telling in this article. Nearly everyone interviewed in the article were RE agents who made big money in the boom, and now have gone bust. 200+ people.

“Pamela Khamo, 42, began a career as a real estate agent in 2002 after selling her La Mesa coffee shop. As the housing market heated up, so did her commissions. By 2005, her annual income swelled to $360,000, according to bankruptcy records.”

How many people go from owning a coffee shop in La Mesa to making $30000/month? The cromers were a hotel administrator (ie mid-level service manager) and a stay at home mom. Suddenly they had salaries they never would have imagined selling RE in the boom. These incomes are not coming back. It isnt like they lost the house but get to keep the paycheck. How many more like that are there? How many own construction firms, furniture stores, plumbing/painting/electrical/gardening buisness that are not making ends meet anymore? And this is suppose to be end of it? Fat Chance.

[jpinpb]

DWCAP – These people brought the trouble onto themselves. Hard to feel sorry for people who invite that kind of trouble in their lives. Do you feel sorry for people who go to Vegas and gamble and lose their money?

It is going to affect our entire economy and that is scary, but more scary is that people are still buying places for high prices along the coast b/c they think it won’t be affected.

More stories to read in the future. Hold your sympathy.

[jpinpb]

DWCAP – These people brought the trouble onto themselves. Hard to feel sorry for people who invite that kind of trouble in their lives. Do you feel sorry for people who go to Vegas and gamble and lose their money?

It is going to affect our entire economy and that is scary, but more scary is that people are still buying places for high prices along the coast b/c they think it won’t be affected.

More stories to read in the future. Hold your sympathy.

[jpinpb]

DWCAP – These people brought the trouble onto themselves. Hard to feel sorry for people who invite that kind of trouble in their lives. Do you feel sorry for people who go to Vegas and gamble and lose their money?

It is going to affect our entire economy and that is scary, but more scary is that people are still buying places for high prices along the coast b/c they think it won’t be affected.

More stories to read in the future. Hold your sympathy.

[jpinpb]

DWCAP – These people brought the trouble onto themselves. Hard to feel sorry for people who invite that kind of trouble in their lives. Do you feel sorry for people who go to Vegas and gamble and lose their money?

It is going to affect our entire economy and that is scary, but more scary is that people are still buying places for high prices along the coast b/c they think it won’t be affected.

More stories to read in the future. Hold your sympathy.

[Author]

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