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unbiasedobserver.
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November 9, 2007 at 4:59 PM #97935November 9, 2007 at 4:59 PM #98001
ucodegen
ParticipantI would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.
Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.
November 9, 2007 at 4:59 PM #98010ParticipantI would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.
Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.
November 9, 2007 at 4:59 PM #98015ParticipantI would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.
Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.
November 9, 2007 at 5:16 PM #97939JWM in SD
Participant“At 32, with just one semester of community college, he owned a BMW, a Corvette and a 5,000-square-foot house worth $1.2 million. He was a creation of the boom. “I was on top of the world,” Mr. Haupt said recently.”
What a freaking moron. Did you catch the quote from about how was he “…supposed to know…”. It’s called having a brain and an education…not 1 semester of community college at age 32. That doesn’t cut it.
November 9, 2007 at 5:16 PM #98006Participant“At 32, with just one semester of community college, he owned a BMW, a Corvette and a 5,000-square-foot house worth $1.2 million. He was a creation of the boom. “I was on top of the world,” Mr. Haupt said recently.”
What a freaking moron. Did you catch the quote from about how was he “…supposed to know…”. It’s called having a brain and an education…not 1 semester of community college at age 32. That doesn’t cut it.
November 9, 2007 at 5:16 PM #98014Participant“At 32, with just one semester of community college, he owned a BMW, a Corvette and a 5,000-square-foot house worth $1.2 million. He was a creation of the boom. “I was on top of the world,” Mr. Haupt said recently.”
What a freaking moron. Did you catch the quote from about how was he “…supposed to know…”. It’s called having a brain and an education…not 1 semester of community college at age 32. That doesn’t cut it.
November 9, 2007 at 5:16 PM #98019Participant“At 32, with just one semester of community college, he owned a BMW, a Corvette and a 5,000-square-foot house worth $1.2 million. He was a creation of the boom. “I was on top of the world,” Mr. Haupt said recently.”
What a freaking moron. Did you catch the quote from about how was he “…supposed to know…”. It’s called having a brain and an education…not 1 semester of community college at age 32. That doesn’t cut it.
November 9, 2007 at 5:45 PM #97947davelj
ParticipantI don’t view this guy’s problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Alan Greenspan has a PhD. Mr. Haupt has 1 semester of community college. Who’s wrought more damage? That’s a rhetorical question.
Formal education is extremely over-rated where success in business or otherwise is concerned. That’s coming from someone who has two masters’ degrees.
November 9, 2007 at 5:45 PM #98013ParticipantI don’t view this guy’s problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Alan Greenspan has a PhD. Mr. Haupt has 1 semester of community college. Who’s wrought more damage? That’s a rhetorical question.
Formal education is extremely over-rated where success in business or otherwise is concerned. That’s coming from someone who has two masters’ degrees.
November 9, 2007 at 5:45 PM #98021ParticipantI don’t view this guy’s problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Alan Greenspan has a PhD. Mr. Haupt has 1 semester of community college. Who’s wrought more damage? That’s a rhetorical question.
Formal education is extremely over-rated where success in business or otherwise is concerned. That’s coming from someone who has two masters’ degrees.
November 9, 2007 at 5:45 PM #98027ParticipantI don’t view this guy’s problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Alan Greenspan has a PhD. Mr. Haupt has 1 semester of community college. Who’s wrought more damage? That’s a rhetorical question.
Formal education is extremely over-rated where success in business or otherwise is concerned. That’s coming from someone who has two masters’ degrees.
November 9, 2007 at 6:08 PM #97967
CoronitaParticipantI don't view this guy's problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Smart people make dumb decisions. Dumb people make smart decisions.
I do rememeber the marshal reddick seminars. If I recall, reddick teaches at SDSU (or is affliated). I recall he was the empitome of overextending. I know a lot of people who followed him. I hope they are ok.
$9800/month negative is crazy. As far as bankruptcy rules. Latest bankruptcy rules don't allow you to completely wipe out debt.
November 9, 2007 at 6:08 PM #98035CoronitaParticipantI don't view this guy's problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Smart people make dumb decisions. Dumb people make smart decisions.
I do rememeber the marshal reddick seminars. If I recall, reddick teaches at SDSU (or is affliated). I recall he was the empitome of overextending. I know a lot of people who followed him. I hope they are ok.
$9800/month negative is crazy. As far as bankruptcy rules. Latest bankruptcy rules don't allow you to completely wipe out debt.
November 9, 2007 at 6:08 PM #98043CoronitaParticipantI don't view this guy's problems as a lack of formal education, but rather very poor business judgment, which tends to be liberally distributed across the spectrum of educational attainment.
Smart people make dumb decisions. Dumb people make smart decisions.
I do rememeber the marshal reddick seminars. If I recall, reddick teaches at SDSU (or is affliated). I recall he was the empitome of overextending. I know a lot of people who followed him. I hope they are ok.
$9800/month negative is crazy. As far as bankruptcy rules. Latest bankruptcy rules don't allow you to completely wipe out debt.
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