Quote:
Originally Posted by Roach
Reminds of the story of the 1929 Stock Market Crash when the shoe-shine boy was giving stock tips:
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It's crazy, but when a friend of mine bought a piece of land to develop about 3 months ago, I knew it was over. There are certain folks who you wonder how they survived so long, because they're neither smart nor lucky. When those folks are getting into the market for "investment purposes", it's all over.
I personally would love to see the market drop to a point where a 5% return on my rent would be feasible. Will people lose their shirts? Yup. Just like the non-savvy investors have been doing for millennia. But when you're paying over a million dollars for a high density Langley home, you're doing it wrong.