Webomatica - Latest Comments in Facing Foreclosure on NPR

Re: Facing Foreclosure on NPR

dean graziano — Tue, 23 Dec 2008 17:18:04 -0000

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.

Re: Facing Foreclosure on NPR

webomatica — Fri, 20 Oct 2006 19:19:22 -0000

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).

Re: Facing Foreclosure on NPR

Dave — Fri, 20 Oct 2006 18:42:40 -0000

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.