76 of 105 people found the following review helpful
The completely wrong way to get into Real Estate,
This review is from: Be a Real Estate Millionaire: Secret Strategies To Lifetime Wealth Today (Hardcover)
Buy and refinance? At a time when home prices are plunging, with a recession on our doorstep and inflation in the wings? With monetary policy so out of control that banks aren't even lending to each other anymore?
Using real estate as ATMs is in great part what has brought on the 'credit crunch'. Advising people to do the same old thing that got us into this mess is just plain irresponsible. Advising people to do it in order to become "Real Estate Millionaires" in the face of the disasterous economic woes ahead is almost criminal.
Foreclosures in California alone are up 425% from last year because of the kind of thinking this book advocates. That's not a typo - 425% percent from a year ago, and that is just the bare beginning of the avalanche.
Read the economic news, not get-rich-quick snakeoil salesmen.
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Showing 1-5 of 5 posts in this discussion
Initial post: Jan 12, 2008, 5:43:35 PM PST
Steven C. M says:
I've been hearing about a recession for what...about the past 4-5 years? Makes you take the "experts" advice a little differently. If anything, at worst, we might have a slow down. What's happening in your housing market, isn't necessarily happening in mine.
In reply to an earlier post on Apr 14, 2008, 6:40:02 PM PDT
Any second thoughts today?
Posted on Nov 20, 2008, 6:38:41 AM PST
D. Willard says:
Of course, the folks in Florida, mostly transplants from New York and Michigan, are experts on all areas of the country (I no - I scene it on THE TV!).
Believe what you want about the economy: you can either take the easy route and join the doomsayers or do what America HAD (past-tense?) become admired for - dig your heels in, ignore the "expert" economists, etc and charge forward, even if you DO perceive those efforts to be in the face of adversity.
I am in no way advocating this book by Graziosi, but after reading this posting, quite possibly his book is EXACTLY what some folks may NEED.
"Fly in the Face of Adversity"
(read: be a rebel, be a maverick!)
In reply to an earlier post on May 15, 2011, 11:59:05 AM PDT
[Deleted by the author on May 15, 2011, 12:01:57 PM PDT]
In reply to an earlier post on May 15, 2011, 12:01:28 PM PDT
E. Falken says:
How's that working out for ya now, "maverick"? Make your gazillions yet? I sold my house at the height of the mania to a fool who bough into this looney mindset, and now own two houses free and clear with the money I made from that sale. FREE and CLEAR, kapish? And no, neither is in Florida, and yes, I bought it from fools who were underwater. I love me a good shortsale.
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