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investment: The Banking Situation Explained - 10/06/08 12:29 PM
Based on an email received from a friend today, here is a horse racing analogy for you. Just add the appropriate number of zeros to these figures and it will be a closer, though still not a perfect match to the banking situation. Still, I think it is closer than what Congress is using to explain the problem to the public.
George is at the race track and bets $2 on a horse to win.
Two guys observe this bet and Fred says to Samuel, "I'll bet you $5 that George wins his bet."
Nearby are William and Bob. William says: … (0 comments)
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investment: Watch out for Doom and Gloom - 06/30/08 08:37 PM
Reading most news media today, it seems the end of the world is coming for real estate professionals.
Want to know a secret?
This time, like all times, is a very good time, if only you know what to do with it.
For some, falling prices will cause pain. If the politicians step in to help, it will get worse. Free markets can solve free market problems. Government intervention always makes it worse. Check history just a bit and there is way more than ample proof.
So what do you do in this market?
Buy at a discount so you can … (3 comments)
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Bruce Forge
Irvine,
CA
More about me…
iNET Realty, Inc.
Address: 2450 Dupnt Dr, Irvine, CA, 92612
Office Phone: (714) 376-4488
Cell Phone: (714) 376-4488
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