but the psychology is the same. something for nothing.

did you miss that part about "few or no sales"? there were few or no buyers,
yo-yo. hence, the reason for the 50% prices.

geesh. booms always end. they have to.

From: "OzOne
Date: 10/6/2004 8:30 AM Eastern Daylight Time
Message-id:


Eh Jocks, like I said, they lost because they sold em.
Thanks for confirming that.


On 06 Oct 2004 12:11:52 GMT, (JAXAshby) scribbled
thusly:

yo-yo, people who bought apartments in NYC in 1989 had to wait until about
1997
for their apartments to again be worth what they owed the bank on it.

yo-yo, I live here and as you might expect know one or two people, and
worked
with maybe one or two more.

also, yo-you, should you bother to check around with an adult or two you
will
find that a.) booms always end [they have to], and the b.) end is shortly
after
everyone says there is no end.

From: "OzOne
Date: 10/6/2004 2:12 AM Eastern Daylight Time
Message-id:

On 06 Oct 2004 01:45:30 GMT, (JAXAshby) scribbled
thusly:

At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who lost
money
on NY apartments.

that's because they sold em Jocks!
Imagine if they still had those 1989 properties now.



Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.

I could never figure that out myself.

Just add it to the lengthy list of things you can't figure out by
yourself..


Let's face it. He can't figure out anything WITH help.

RB

Silver went a whole lot higher than that, Jax. I should know...my father sold
off the largest collection of MC silver Morgans in history during that spike!

I think you've just proved Jax's point. For every seller there is a buyer.


What point? My father knew the spike was false and short. The real estate
market has STREADILY climbed.

RB

Flawed analysis, I'm afraid. That's like the guy who continues to hold a
stock because he thinks he hasn't lost money until he sells, rather than
cutting his losses and putting the money into something that will
appreciate.

Wrong, the revenue that NY apartments generated was a certainty. Pulling out
was a mistake for those who did. Those apartments paid HUGELY, yet you suggest
that gambling elsewhere was viable. How so? The property went up. It's history
now.

RB

Clearly your circle of acquaintances is somewhat circumscribed. My wife has
been a broker in the City for over 20 years. I know whereof I speak.

Many of my friends bought apartments in NY. All made money. ALL. I'd like to
agree with you and say I know someone who lost out on NY apartments, but I
don't.

RB

Of course booms end...ever played the stock market?


From a Wall Street insider:

Two out of three make money in the stock market. The House makes money, and
the Broker makes money. Two out of three ain't bad.

I think you shoud stay home and be ready to answer questions about that $15
power cord you have on ebay. The sale of that thing might put you in the black
this month.

I have a bit more than that on Ebay, no wdon't I? Being in the black isn't the
issue. Not having to pay for slip, winter storage, plastic wrap, painting and
buffing is the point. I've sold a LOT of those cables.
And I'm still going sailing at 1:30 while you post away!

RB