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Facing Foreclosure on NPR

Started by webomatica · 10 months ago

So this dude Casey Serin got in way over his head in the house-flipping game, and now that the housing market is sagging, he's in flippin' trouble. A week or so ago, the SF Gate wrote an article on him (as part of the aptly named column Surreal Estate), he was featured on the local n ... Continue reading »

3 comments

  • Day trading meet real estate flipping. I wonder what the next boondoggle will be in 7 years?

    That being said, I have a hard time feeling too sorry for guys like this. My main issue with folks like Serin is that greed ultimately gets the best of them. The dude wouldn't have been so highly leveraged if he wasn't seeing easy money dancing before his eyes.

    Just goes to show that there's easy money. But by the time you get around to it, you need to look in the mirror -- because you've become the easy money.
  • I'm thinking my interest in Serin might just boil down to this: Schadenfrude (a term I first learned about after the .com bubble burst).
  • From how i see it, he's doing it wrong... he should be renting out properties instead... by packaging his homes as cash flow properties, he gets investors and renters to do the work for him.

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