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Doofrat
ParticipantI think that there are a lot of parallels between the day traders of the .com bubble and the flippers of the housing bubble. The day traders just bought and sold and everything went up anyway so silly ol’ things like whether the company actually produced anything of value didn’t matter. The day traders weren’t actually doing anything special, they just couldn’t lose as long as they were long (if only for the day).
Same with flippers. They didn’t do anything either. They just bought property and then “fixed it up”, not by repairing anything major, but just doing cosmetic work and then by the time they went to sell the property, it had appreciated in price and it showed nicely to the next fool with the new appliances and granite counter tops.
So it’s not surprising that the upgrades aren’t fetching anything now, it’s back to Location, Location, Location.
Doofrat
ParticipantI think that there are a lot of parallels between the day traders of the .com bubble and the flippers of the housing bubble. The day traders just bought and sold and everything went up anyway so silly ol’ things like whether the company actually produced anything of value didn’t matter. The day traders weren’t actually doing anything special, they just couldn’t lose as long as they were long (if only for the day).
Same with flippers. They didn’t do anything either. They just bought property and then “fixed it up”, not by repairing anything major, but just doing cosmetic work and then by the time they went to sell the property, it had appreciated in price and it showed nicely to the next fool with the new appliances and granite counter tops.
So it’s not surprising that the upgrades aren’t fetching anything now, it’s back to Location, Location, Location.
Doofrat
ParticipantI think that there are a lot of parallels between the day traders of the .com bubble and the flippers of the housing bubble. The day traders just bought and sold and everything went up anyway so silly ol’ things like whether the company actually produced anything of value didn’t matter. The day traders weren’t actually doing anything special, they just couldn’t lose as long as they were long (if only for the day).
Same with flippers. They didn’t do anything either. They just bought property and then “fixed it up”, not by repairing anything major, but just doing cosmetic work and then by the time they went to sell the property, it had appreciated in price and it showed nicely to the next fool with the new appliances and granite counter tops.
So it’s not surprising that the upgrades aren’t fetching anything now, it’s back to Location, Location, Location.
Doofrat
ParticipantI think that there are a lot of parallels between the day traders of the .com bubble and the flippers of the housing bubble. The day traders just bought and sold and everything went up anyway so silly ol’ things like whether the company actually produced anything of value didn’t matter. The day traders weren’t actually doing anything special, they just couldn’t lose as long as they were long (if only for the day).
Same with flippers. They didn’t do anything either. They just bought property and then “fixed it up”, not by repairing anything major, but just doing cosmetic work and then by the time they went to sell the property, it had appreciated in price and it showed nicely to the next fool with the new appliances and granite counter tops.
So it’s not surprising that the upgrades aren’t fetching anything now, it’s back to Location, Location, Location.
Doofrat
ParticipantI think that there are a lot of parallels between the day traders of the .com bubble and the flippers of the housing bubble. The day traders just bought and sold and everything went up anyway so silly ol’ things like whether the company actually produced anything of value didn’t matter. The day traders weren’t actually doing anything special, they just couldn’t lose as long as they were long (if only for the day).
Same with flippers. They didn’t do anything either. They just bought property and then “fixed it up”, not by repairing anything major, but just doing cosmetic work and then by the time they went to sell the property, it had appreciated in price and it showed nicely to the next fool with the new appliances and granite counter tops.
So it’s not surprising that the upgrades aren’t fetching anything now, it’s back to Location, Location, Location.
Doofrat
ParticipantThey’ll probably end up on the MLS at some point or be sold in blocks to somebody. Why would you want to buy something in a market where the banks have so much inventory they can’t even list it all at once?
Doofrat
ParticipantThey’ll probably end up on the MLS at some point or be sold in blocks to somebody. Why would you want to buy something in a market where the banks have so much inventory they can’t even list it all at once?
Doofrat
ParticipantThey’ll probably end up on the MLS at some point or be sold in blocks to somebody. Why would you want to buy something in a market where the banks have so much inventory they can’t even list it all at once?
Doofrat
ParticipantThey’ll probably end up on the MLS at some point or be sold in blocks to somebody. Why would you want to buy something in a market where the banks have so much inventory they can’t even list it all at once?
Doofrat
ParticipantThey’ll probably end up on the MLS at some point or be sold in blocks to somebody. Why would you want to buy something in a market where the banks have so much inventory they can’t even list it all at once?
Doofrat
ParticipantIt’ll be a whole city full of doctors. The surgeons will live on Soledad, and the GPs will live in OB, maybe nurses in Temecula. The hired help and restaurant workers will live in Palm Desert and commute or live out of their cars.
Doofrat
ParticipantIt’ll be a whole city full of doctors. The surgeons will live on Soledad, and the GPs will live in OB, maybe nurses in Temecula. The hired help and restaurant workers will live in Palm Desert and commute or live out of their cars.
Doofrat
ParticipantIt’ll be a whole city full of doctors. The surgeons will live on Soledad, and the GPs will live in OB, maybe nurses in Temecula. The hired help and restaurant workers will live in Palm Desert and commute or live out of their cars.
Doofrat
ParticipantIt’ll be a whole city full of doctors. The surgeons will live on Soledad, and the GPs will live in OB, maybe nurses in Temecula. The hired help and restaurant workers will live in Palm Desert and commute or live out of their cars.
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