Discussion in 'Economics' started by TheDudeofLife, Nov 6, 2006.
Back in the day RE agents drove Packards..
In his book "How To Trade In Stocks" Jesse Livermore writes about losing a lot of money in the Florida land boom. Thanks for posting the article. I am surprised to learn Florida property sold at such a high price about year 1926.
The parallels too today should scare the living S$it out of people
you are right...it should.
How many people do you know that have acted on it? I only know one....me.
I sold all my real estate and i now rent...acuumulating cash for the crash and will buy when everyone else is in a panic.
people still think that buying a house to live in is some kind of great investment...and will be forever....WRONG.
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