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beermeplease · M
HoeBag · 46-50, F
@beermeplease I remember seeing stuff like this, all these "get rich by playing the real estate market" and thinking, "Yeah if it were THAT easy, why doesn't everyone do it?"
Of course today, real estate investors (and the wanna-bes) are a dime a dozen.
How much did tom wu's seminars even cost? I am going to guess $1,000 a seat?
Of course today, real estate investors (and the wanna-bes) are a dime a dozen.
How much did tom wu's seminars even cost? I am going to guess $1,000 a seat?
HoeBag · 46-50, F
@beermeplease I do not mean a "Seat" seat but the price of admission?
Something funny at the time - about 1989 my step parents had a house built and they were always complaining about how expensive it was. I was thinking, "If ONE house is expensive, who would have the cash to go around just buying up houses to re-sell?"
Plus with Tom Vu, he claimed to pay like $285,000 for a house worth $500,000 (hella money back then no?) and I thought, "Someone is not going just sell that cheap".
Something funny at the time - about 1989 my step parents had a house built and they were always complaining about how expensive it was. I was thinking, "If ONE house is expensive, who would have the cash to go around just buying up houses to re-sell?"
Plus with Tom Vu, he claimed to pay like $285,000 for a house worth $500,000 (hella money back then no?) and I thought, "Someone is not going just sell that cheap".
NativePortlander1970 · 51-55
@beermeplease I remember that scammer, based on recruiting, not actual sales.
HoeBag · 46-50, F
@beermeplease Yeah the "over a million" price sounds impressive except that ALL properties are severely over-priced now. So unlike the old days, a million is not going to buy some beach-side mansion.
HoeBag · 46-50, F
@beermeplease I think a lot of people never will.
People used to talk about how owning a house was some investment but the truth is - most of us will be paying most of our lives for a place to stay either way. Plus, what happens in some places when someone buys a house, the neighborhood goes to sh*t, and the property value drops.
My sister used to own a modest house in a then-quiet neighborhood but the neighborhood turned into a slum eventually.
People used to talk about how owning a house was some investment but the truth is - most of us will be paying most of our lives for a place to stay either way. Plus, what happens in some places when someone buys a house, the neighborhood goes to sh*t, and the property value drops.
My sister used to own a modest house in a then-quiet neighborhood but the neighborhood turned into a slum eventually.
NativePortlander1970 · 51-55
@beermeplease My grandparents bought a house 20 minutes sw of downtown Portland for $69,000, my grandmother lost the house about six years after my grandfather died in the late 90's, about a year after I moved out of state, I saw it a couple of years ago on zillow.com for over $700,000, the neighborhood californicated and gentrified.