Are you a proud homeowner?

Quote from day7793:

How do you know I am professional options trader or not? Are you wearing a white coat standing next to a bean counter with a scope in hand?

Least to suffice I make good income from options trading and I learn every day. I come here to learn from others and silence those who get out of line when they yelp like cocker spaniels.

PS: I haven't paid rent for most of my adult life and I donot know how to do that.
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Yet, you had no idea how SPX options work. Reading through the thread is a delight because you get schooled by about five different people.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=101869
 
Quote from jackherman59:

Oh you homeowners! Trying to justify your home's existence and still trying to tell us your home is worth such and such...shame on you, shame on you. Your home is not worth 700k anymore, thats all a pipe dream. Thats just like imagining your old tech stocks are still worth 1000 bucks a share.

Now Countrywide Financial shares is costing a little more then a meal at McDonalds, are you still confident? What say you? Countrywide will go out of business, close its doors, bankrupt, broke and then what will happen next? What will happen when that XHB falls to zero?

I imagine a post-crash depression era scene where folks are burning their stocks in the street but this time it will be the titles to houses as they are worth little more then the Iraqi Dinar.

The bankruptcy filings for these home and financial companies is just a heartbeat away. The chaos, the mayhem and watching as the price of your house falls like a tech stock from the year 2000.

Enjoy your Christmas homeowners and know this. Your house is no longer an investment, but just another depreciating asset that you own. After Christmas, comes the real deal, the mayhem, just like 2001 where the shares of tech stock burn in the streets, but this time it will be shares of homebuilders and financial companies and down comes housing prices! Down comes housing prices!!!
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Boy, you must be really, really angery. All this negative trash talking at xmas time no less. Would it make you feel better if all homeowners went broke? LOL!

I'm thinking your a very young, not so well off, and not very good looking guy whose all alone, spending xmas in his 900sqft apt, wishing he had 1/4 of my net worth. Not to mention people who loved him to share it with.

You know as those tech stocks burned in 2001 I had my best year ever in the market. Didn't lose my job even though the whole business was built on selling to tech companies, either. Your obviously young as you seem almost hyper-emotional. You've never seen cycles play out. I doubt you even remember 1987, let alone the crash. And you certainly don't remember the early 80's with interest rates of 19%- talk about bad for housing, yowza!

Bottomline, what your suggesting has little to do with economic reality and everything to do with your personal emotions. I'm sorry things aren't working out for you. Maybe 2008 will be better. But it sounds like you need to do some growing up first, then we can have a rational, logical discussion about real estate and other investment vehicles. Right now your not in a place to be able to do that.

Sad, real sad. Just know that trying to spread your venom isn't going to change your sitituation.
 
Quote from Deadwood:

Boy, you must be really, really angery. All this negative trash talking at xmas time no less. Would it make you feel better if all homeowners went broke? LOL!

I'm thinking your a very young, not so well off, and not very good looking guy whose all alone, spending xmas in his 900sqft apt, wishing he had 1/4 of my net worth. Not to mention people who loved him to share it with.

You know as those tech stocks burned in 2001 I had my best year ever in the market. Didn't lose my job even though the whole business was built on selling to tech companies, either. Your obviously young as you seem almost hyper-emotional. You've never seen cycles play out. I doubt you even remember 1987, let alone the crash. And you certainly don't remember the early 80's with interest rates of 19%- talk about bad for housing, yowza!

Bottomline, what your suggesting has little to do with economic reality and everything to do with your personal emotions. I'm sorry things aren't working out for you. Maybe 2008 will be better. But it sounds like you need to do some growing up first, then we can have a rational, logical discussion about real estate and other investment vehicles. Right now your not in a place to be able to do that.

Sad, real sad. Just know that trying to spread your venom isn't going to change your sitituation.
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Negativity is coming from you not from me. I have always held real estate in high esteem and its the best investment out there while providing a nice shelter and a massive tax write off. There is no such thing in a securities market that will give you $500,000 tax free rides on gains every 2 years.

You don't know what I own and what I do, so your assumptions are an erratic and irresponsible figment of your beaten down imagination. Let me just clarify something to you:

For starters I live in a Million dollar home with lots of land and plush comforts and I am typing this post from my granite countertops made from Cashmere Gold . I am sitting in bright sunshine with a view of green trees and pleasant vistas. There are 14 mature trees on this property alone. Not a soul around not a single noise while the music plays on the piped channels.

What are you doing today ? Washing your car ( your only asset) outside your tenant parking structure while children are playing and loud noises coming from neighbors funky party ? You wish you killed yourself and not have to deal with that abject reality? Wish you had roof of your own. Wish you could have complete privacy and wish you could shelter all your income legally.
 
Quote from Deadwood:

Boy, you must be really, really angery. All this negative trash talking at xmas time no less. Would it make you feel better if all homeowners went broke? LOL!

I'm thinking your a very young, not so well off, and not very good looking guy whose all alone, spending xmas in his 900sqft apt, wishing he had 1/4 of my net worth. Not to mention people who loved him to share it with.

You know as those tech stocks burned in 2001 I had my best year ever in the market. Didn't lose my job even though the whole business was built on selling to tech companies, either. Your obviously young as you seem almost hyper-emotional. You've never seen cycles play out. I doubt you even remember 1987, let alone the crash. And you certainly don't remember the early 80's with interest rates of 19%- talk about bad for housing, yowza!

Bottomline, what your suggesting has little to do with economic reality and everything to do with your personal emotions. I'm sorry things aren't working out for you. Maybe 2008 will be better. But it sounds like you need to do some growing up first, then we can have a rational, logical discussion about real estate and other investment vehicles. Right now your not in a place to be able to do that.

Sad, real sad. Just know that trying to spread your venom isn't going to change your sitituation.
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There may very well prove to be some truth in this post. A lot of truth if you ask me.

All we have right now is a re-evaluation of assets, it's not the end of the world nor the end of the fractional reserve banking system as many like to suggest.

2008 will prove to be the best opportunity in the history of our country for smart investors to acquire a substantial amount of money.

GL, GT, and Merry Christmas to you all.
 
Quote from Deadwood:

You know as those tech stocks burned in 2001 I had my best year ever in the market. Didn't lose my job even though the whole business was built on selling to tech companies, either. Your obviously young as you seem almost hyper-emotional. You've never seen cycles play out. I doubt you even remember 1987, let alone the crash. And you certainly don't remember the early 80's with interest rates of 19%- talk about bad for housing, yowza!

Sad, real sad. Just know that trying to spread your venom isn't going to change your sitituation.
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You are making lots of assumptions in your pint sized garbage heaped cranium. You don't know what I have been through. You don't know a damn thing. I have been around lot longer idiot brains.

While you were chasing stocks from 2000- 2003 bear market, I was dabbling in real estate, flipping properties and the market was RED HOT.
 
Quote from day7793:

You are making lots of assumptions in your pint sized garbage heaped cranium. You don't know what I have been through. You don't know a damn thing. While goofs like you were chasing stocks from 2000- 2003 I was dabbling in real estate, flipping properties.
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As long as I don't see you doing late nite real estate infomercials with Don Lapre, you're ok with me. :D
 
Quote from day7793:

Negativity is coming from you not from me. I have always held real estate in high esteem and its the best investment out there while providing a nice shelter and a massive tax write off. There is no such thing in a securities market that will give you $500,000 tax free rides on gains every 2 years.

You don't know what I own and what I do, so your assumptions are an erratic and irresponsible figment of your beaten down imagination. Let me just clarify something to you:

For starters I live in a Million dollar home with lots of land and plush comforts and I am typing this post from my granite countertops made from Cashmere Gold . I am sitting in bright sunshine with a view of green trees and pleasant vistas. There are 14 mature trees on this property alone. Not a soul around not a single noise while the music plays on the piped channels.

What are you doing today ? Washing your car ( your only asset) outside your tenant parking structure while children are playing and loud noises coming from neighbors funky party ? You wish you killed yourself and not have to deal with that abject reality? Wish you had roof of your own. Wish you could have complete privacy and wish you could shelter all your income legally.
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He was addressing the original poster, not you. He even quoted the other guy to begin with.
 
Quote from day7793:

Negativity is coming from you not from me. I have always held real estate in high esteem and its the best investment out there while providing a nice shelter and a massive tax write off. There is no such thing in a securities market that will give you $500,000 tax free rides on gains every 2 years.
More...

So you are banking 500k gains every two years on your real estate. Get off the internet and count your money idiot. Most people don't make that on a home in 10 years. I know, I know you are not most people but a multi millionaire living the good life.
 
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