I think the reality of the situation is just starting to sink in. Overpaying for an apartment is a tough pill to swallow . Alot of the noob buyers are hoping (and praying) that this problem will resolve itself quickly. Sorry kids, not gonna happen. Many of those people should've been renting, in the first place, but real estate brokers sold them on the idea that they were "making an investment."
Yeah. Hoping here rent drops, which it hasn't yet. i own a home in the "country" and this is my first time living in a big city. i know better than to buy in these conditions. thanks, surf
Hmm. That was not my interpretation of your initial reference: http://www.elitetrader.com/vb/showt...&perpage=6&highlight=finished&pagenumber=1193 http://www.elitetrader.com/vb/showthread.php?s=&postid=2173413&highlight=finished#post2173413 Surely you can see why I may have interpreted your earlier comment to mean something other than merely being finished making long-term calls. The "capital F" followed by the "no risk, no reward" comment led me to believe it was more of an all-or-nothing, do-or-die type of thing thing.
yes, i see what you mean. it would be financial suicide to risk everything on a long term call. risk capital averaged into this trade, sure. however, never bet the farm, no matter how sure you are. surf