- This topic has 138 replies, 20 voices, and was last updated 16 years, 7 months ago by
VoZangre.
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October 21, 2007 at 11:55 PM #90484October 21, 2007 at 11:55 PM #90493
SD Realtor
ParticipantIndeed there are alot of ways to make money. It really takes heart, effort and you have to not fear failure. Many people I know who are very successful all have had failure prior to that success. Now for sure this guy who is trying the motorized surfboard is trying and good for him…he is a bonehead for having a negam loan on his condo and then buying a downtown penthouse… not sure if he could have tried to pull a dumber move but what can you say.
However I know people who have successful businesses from hi tech stuff to selling hot dogs at fairgrounds. I believe our society is schizophrenic in that manner…yes by far we are the worst consumers on the planet but I also do feel as if we are the most entrepenurial as well.
SD Realtor
October 22, 2007 at 9:28 AM #90514JWM in SD
ParticipantGuys,
I work for a “real” start up company here in SD ( I cannot name it because it is well known in the entrepreneurial circles of SD: Connect, SD Venture Group, Tech Coast Angels, etc.). I know all about risk as I am living it right now as we’ve hit some road bumps as a result of “growing pains” and in fact, the decling RE market has impacted our business with a major concrete company. I can assure you, none of the VPs, or C-Level have run out and bought a 1.4M condo as of yet and we are a hell of a lot closer to going IPO or being bought out than some stupid motored surf board. Give me a break. Please do not presume to put this clown in the same company as those of us with a real viable product and market.
October 22, 2007 at 9:28 AM #90523ParticipantGuys,
I work for a “real” start up company here in SD ( I cannot name it because it is well known in the entrepreneurial circles of SD: Connect, SD Venture Group, Tech Coast Angels, etc.). I know all about risk as I am living it right now as we’ve hit some road bumps as a result of “growing pains” and in fact, the decling RE market has impacted our business with a major concrete company. I can assure you, none of the VPs, or C-Level have run out and bought a 1.4M condo as of yet and we are a hell of a lot closer to going IPO or being bought out than some stupid motored surf board. Give me a break. Please do not presume to put this clown in the same company as those of us with a real viable product and market.
October 22, 2007 at 11:02 AM #90551ParticipantJWM I wouldn’t look down on anyone regardless of the invention. I know of a someone who came up with a “stupid idea” a few years back with putting a wheel on the bottom of shoe. He has done pretty well… Just because the idea doesn’t conform to your idea about “real” startups doesn’t mean it will not work. I met the guy who came up with the idea for putting a freeking plastic bag around newspapers… not much technology involved in that pursuit as well. He has done okay.
SD Realtor
October 22, 2007 at 11:02 AM #90562ParticipantJWM I wouldn’t look down on anyone regardless of the invention. I know of a someone who came up with a “stupid idea” a few years back with putting a wheel on the bottom of shoe. He has done pretty well… Just because the idea doesn’t conform to your idea about “real” startups doesn’t mean it will not work. I met the guy who came up with the idea for putting a freeking plastic bag around newspapers… not much technology involved in that pursuit as well. He has done okay.
SD Realtor
October 22, 2007 at 11:09 AM #90557ParticipantAh yes, the underserved market of aging boomer surfers who want a motor so they don’t have to paddle out to the surf right?
Look, I don’t have a problem with practical ideas. The biggest issue I have is the thought that someone like this idiot is going to get venture capital for this idea and yet he is foolish enough to buy this condo right now. Yeah, I want him running my company alright…..
October 22, 2007 at 11:09 AM #90568ParticipantAh yes, the underserved market of aging boomer surfers who want a motor so they don’t have to paddle out to the surf right?
Look, I don’t have a problem with practical ideas. The biggest issue I have is the thought that someone like this idiot is going to get venture capital for this idea and yet he is foolish enough to buy this condo right now. Yeah, I want him running my company alright…..
October 22, 2007 at 12:46 PM #90626patientlywaiting
ParticipantWay to go, JWM. That guy Mike is a real idiot.
October 22, 2007 at 12:46 PM #90643ParticipantWay to go, JWM. That guy Mike is a real idiot.
October 22, 2007 at 12:46 PM #90645ParticipantWay to go, JWM. That guy Mike is a real idiot.
October 22, 2007 at 1:08 PM #90644pk92108
ParticipantJust walk into any open house and you will get a good idea about what most real estate agents are all about….
Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.
Also don’t wait because “this property won’t last”…or “another family is very interested”..
It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….
no offense to any agents, just my 2 cents from going to open house for 15 years…
Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….
October 22, 2007 at 1:08 PM #90662ParticipantJust walk into any open house and you will get a good idea about what most real estate agents are all about….
Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.
Also don’t wait because “this property won’t last”…or “another family is very interested”..
It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….
no offense to any agents, just my 2 cents from going to open house for 15 years…
Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….
October 22, 2007 at 1:08 PM #90663ParticipantJust walk into any open house and you will get a good idea about what most real estate agents are all about….
Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.
Also don’t wait because “this property won’t last”…or “another family is very interested”..
It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….
no offense to any agents, just my 2 cents from going to open house for 15 years…
Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….
October 22, 2007 at 1:32 PM #90659Raybyrnes
ParticipantHey how about the fact that the guy got into the mortgage business at the right time, has probably made a ton of money and is able to get a lender to provide him with millions of dollars of their money to invest in real estate. Got to tell you, he must have been doing something right. The paper only gives part of the story. I remember a pretty reputable paper that made Rich seem fairly ignorant because they only reported half the story. I would not consider the UT the most reliable of sources.
As for ridiculous kit surfing seemed pretty unusual aswell and I’ll tell you that I see a lot of people on the bay kite surfing.
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