flipping homes: Real Estate Downfall - A Parody Video Posted on YouTube.
- 11/19/08 04:09 AM
Have any of you seen this parody clip that is posted on YouTube on the "Real Estate Down Fall?" Someone sent me the link today, I thought that it was very insightful and sobering on how people believed real estate could only go up in value. I am sure many still do believe that their neighbors home has dropped in price, but not their own. Watch the video and read the sub titles and please take time to share your comments. Real Estate Down Fall - Parody
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flipping homes: Atlanta Mortgage & Real Estate Fraud - Jail is too good For Them!
- 10/11/08 03:27 PM
For the past few days in the Atlanta news there are stories online about mortgage, real estate fraud in the Atlanta area. This one hits really close to home. I am familiar with a lot of the homes identified. Some were originally sold fraudulently in the 1 million plus range, and have sold for 550K in foreclosure. It seems 7 out of 21 involved in the scam have already pleaded guilty, and it is totally sickening to see the fraud that occurred. Someones bank somewhere got burned with these characters. It seems that several builders moved stale inventory though straw buyer sales. Not very … (8 comments)
flipping homes: Speculative Leveraging to Buy Stocks Vs. Real Estate
- 10/29/07 04:58 PM
As students in High school or college we learned or the dire consequences of the 1920's of leverage buying of stocks on the assumption that the stocks could only go higher. Eventually it didn't go higher, and the value of stocks turned on a dime and retreated. It lead to a great depression of stock values that lasted for years. It is interesting that we can all look at that scenario today and ask how could it have ever happened? The stupid stock market! How could persons be so foolish to take such risk putting up a little money, and expecting such a … (12 comments)
flipping homes: Reality TV - Real Estate Flipping - Did it Flip Us Off with Lies?
- 05/30/07 03:10 PM
Reality TV is all the rage on TV for the last year or so in the real estate frenzy we've all just lived through.No questions asked! The shows seemed to be geared toward the ask no question crowds of crazed would be investors and do-it-your-selfers obsessed with easy profits.. For those of us that are seasoned in real estate it was just hard to swallow a lot of the TV and media hype. After all, true acquisition costs, adn real expenses such as commissions and tax consequences were never part of any of the shows. But did anyone ever assume that fraud could be part … (34 comments)
flipping homes: Am I Missing Something? Short term Vs. Long Term Capital Gains?
- 04/30/07 05:21 PM
The latest craze for the last year or so is flipping homes. You cannot avoid hearing about it, on TV infomercials reality realty TV shows that are all about Flipping homes, Friends of ours have quite full time jobs to pursue this )don't give up your day job!) There are short sale seminars, foreclosure seminars etc... But what about the tax consequences? Short term VS long term gains? Every thing I see on TV is a Short term hold for a fast flip. They always brag about the amount of money they made, purchase price, expenses, and finally they mention the sales price when … (11 comments)
Have any of you seen this parody clip that is posted on YouTube on the "Real Estate Down Fall?" Someone sent me the link today, I thought that it was very insightful and sobering on how people believed real estate could only go up in value. I am sure many still do believe that their neighbors home has dropped in price, but not their own. Watch the video and read the sub titles and please take time to share your comments.
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