[Chriso]

For all of you that don't know, this cretin, a 24 year old 'property investor' from Sacramento, got cught up in the real estate ******** and is now facing forclosure and losing a fortune. Pleanty on here are aware of him but he has come up with an absolute cracker in his blog -

http://iamfacingforeclosure.com/

"I am learning to consider my Facing Foreclosure troubles as “pure joy” and to “not be anxious about anything”. It’s building my character and making me stronger. It’s preparing me for bigger challanges in the future. "

Mabye, the EA's use it as a selling point, if prices go up you make capital gains, if they go down and you lose the shirt of your back, you will experience "pure joy".

This post has been edited by Chriso: 24 November 2006 - 11:30 AM

[tao]

I think that it is called prozac

[PropertyGuru]

when the FBI get him jailed for interstate mail fraud, he certainly will be facing some 'big' challenges.

Especially in the shower rooms at San Quentin.

[BudoBear]

what a knob!

[stillill]

Hey, fair play to the guy. He's in bad financial shape, but generally in life, why worry? The bad stuff has happened, getting anxious about it isn't going to do him any favours. Don't have a cow, man.

[enworb]

obviously this guy has made a mistake. But I take my hat off to him that he is taking responsibility.

But for you bears, your inability to get onto the ladder is EVERONE elses fault.

He could be very bitter and let it eat him up but he's not. Fair play. Some of you could learn something from this

[Europa]

X-QUORK, on Nov 24 2006, 12:03 PM, said:

A classic example of bull mentality. You presume that all bears are unable to buy property, but enworb you are wrong. I could go out and buy a modest family home tomorrow, however, I choose not to because I don't want to pay twice what I think it's worth.

The only people I blame for this state of affairs are the bankers who lend irresponsibly, not EVERYONE else.

Do us a favour enworb, keep your crass generalisations to yourself.

So, no unpleasant bitterness on this site, then?

[Europa]

X-QUORK, on Nov 24 2006, 12:13 PM, said:

Lol

Not bitterness Europa, just responding to an unwarranted comment. I'm sure I've read much fierier discussions between you and PG/RB et al.

Fair point, X-quork

[dom]

We did this one six weeks ago.

http://www.housepric...d...c=36726&hl=

[ringledman]

Quote

obviously this guy has made a mistake. But I take my hat off to him that he is taking responsibility.

But for you bears, your inability to get onto the ladder is EVERONE elses fault.

He could be very bitter and let it eat him up but he's not. Fair play. Some of you could learn something from this

I agree to some extent. Fair do's for going out there and trying to do something. If you never willing to take a risk in life you get nowhere

[CrashDive]

X-QUORK, on Nov 24 2006, 12:03 PM, said:

Do us a favour enworb, keep your crass generalisations to yourself.

Dear me how dreadful, might have to put both of you on my 'potential ignore list'.

[MarkG]

Quote

I agree to some extent. Fair do's for going out there and trying to do something.

Since when did buying an overpriced house and hoping to make lots of tax-free money selling it to a greater muppet become 'going out there and trying to do something'? If he'd actually set up a legitimate business and tried to do something productive then he'd deserve some sympathy, but _property speculating_? Get real.