tag:blogger.com,1999:blog-13164186.post112680213492904820..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Real Estate Expert And A Banker Talk B.S.Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13164186.post-74066490486191599762011-03-07T12:03:17.109-05:002011-03-07T12:03:17.109-05:00Yeah, I'd say that Nevin is a greater fool. A...Yeah, I'd say that Nevin is a greater fool. As in, a fool buys property when prices are rising on the expectation that a greater fool will buy the same property at a higher price.<br><br>I feel sorry for most of the commentators I read on this blog. I really do. It seems to me that none of you have ever known an honest real estate broker.<br><br>My family has been in real estate for over 30 years. I've seen it all. I remember well the peso devaluation in 1981. There were over 44,000 foreclosures in South Texas in the first month alone. 1/3 of the real estate companies went bankrupt and disappeared in 90 days. Then came the banking crisis, and a whole lot of people lost a whole lot of money.<br><br>I also remember the tech bubble of the 90s. One of my best friends, who is a brilliant programmer by the way, was making over $400,000 in those days. Of course, today he's completely broke and can't make any money to save his life, even if he could find a job.<br><br>This is what I learned from my parents, who built one of the most successful real estate companies in South Texas. There is only one way to do business, and that is honestly and straight up. We aren't in the least concerned with how much money we can make. We are solely concerned with providing the best service we possibly can. Integrity is our only concern. I'd rather lose a sale than lie to someone or sell them a house they can't afford.<br><br>Forget the "experts". They only want your money. Taking out high-risk, low-yield loans is no way to make money. Focus on the fundamentals--income vs. expenses, yield vs. risk--invest in low-risk, high-yield investments, and you'll do just fine. Listen to the "experts" and you'll go bankrupt. That's all I know.Scott1798http://www.blogger.com/profile/05096816179888128767noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126975833003492772005-09-17T12:50:00.000-04:002005-09-17T12:50:00.000-04:00Where can I get some of that stuff that Nevin is s...Where can I get some of that stuff that Nevin is smoking?Anonymousnoreply@blogger.com