Is our economy in the toilet? - Posted by Bill

Posted by JT-IN on July 17, 2002 at 09:55:32:


yes, there are some problems out there today. Rampant BK’s, etc, but this can all be converted into a positive for a creative RE investor.

Some of the things that we look for in creative RE investing do not work as well when the market is hot, and just anyone can sell a house. So, the inverse of that can make a great marketplace to make some money.

Study up on how to do so, and you can reap the rewards… all the info is contained right here on this sight.


Is our economy in the toilet? - Posted by Bill

Posted by Bill on July 16, 2002 at 20:29:18:

***BUDDY, CAN YOU SPARE A DIME? In 2001, 172 large companies
worth US$230 billion filed for bankruptcy. That was up 80% from 2000, and up 11.5 times from the last peak, in 1990. Adding up 2001 and 2002, you will arrive at a cumulative US$500 billion of liabilities in bankruptcies by December 31, 2002 - or 5% of U.S. GDP.

ABI report that bankruptcy filings - Chapter 7 liquidation),
Chapter 11 (reorganization), Chapter 12 (family farms), and
Chapter 13 (low-income insolvencies) - climbed to 379,012 in Q1 2002, the highest ever. 97% of the bankruptcies are personal.

***PENNY FOR HIS THOUGHTS: That’s about the cash-per-sound bite ratio former Internet favorite ended up bringing to the table. bought the company lock, stock and barrel for about the price of a run-down row house in Baltimore’s nouveau-chic redneck district: US$186,000.

As they say in the Vatican: Sic transit gloria mundi.