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schadenfreude

Us Real Estate King Cashing Out

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Some priceless quotes in this.

http://money.cnn.com/2005/10/21/news/newsm...dex.htm?cnn=yes

NEW YORK (Fortune) - Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels.

He likens the current real estate market to a game of polo.

"I feel totally safe playing polo on a field full of pros," says the bronzed 58-year old. "But when amateurs are all over the field, someone can get killed. They have more guts than brains. They charge after every ball and don't know when to hold back."

It's the same with U.S. real estate right now. "There's too much money chasing too few good deals, with too much debt and too few brains." The amateurs are going to get trampled, he explains, taking seasoned horsemen, who should get off the turf, down with them.

Says Barrack: "That's why I'm getting out."

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Some priceless quotes in this.

http://money.cnn.com/2005/10/21/news/newsm...dex.htm?cnn=yes

NEW YORK (Fortune) - Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels.

He likens the current real estate market to a game of polo.

"I feel totally safe playing polo on a field full of pros," says the bronzed 58-year old. "But when amateurs are all over the field, someone can get killed. They have more guts than brains. They charge after every ball and don't know when to hold back."

It's the same with U.S. real estate right now. "There's too much money chasing too few good deals, with too much debt and too few brains." The amateurs are going to get trampled, he explains, taking seasoned horsemen, who should get off the turf, down with them.

Says Barrack: "That's why I'm getting out."

Can someone post this on Singing Pig. Property Guru aint gonna like this. Me and other ex - B2Ls have posted on there advising him to follow us out of B2L. This one might really shake him.

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Can someone post this on Singing Pig. Property Guru aint gonna like this. Me and other ex - B2Ls have posted on there advising him to follow us out of B2L. This one might really shake him.

Excuse me. What did you say?

Have I awakened from a dream? Or have you already told the HPC world that you agree with us?

Or are you slipping it in hoping no-one would notice?

Are you there TTRThe Rents?

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Excuse me. What did you say?

Have I awakened from a dream? Or have you already told the HPC world that you agree with us?

Or are you slipping it in hoping no-one would notice?

Are you there TTRThe Rents?

I know, it's an amazing convesion. In January Dogbox was telling us all to buy property before it was too late.

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Me and other ex - B2Ls have posted on there advising him to follow us out of B2L. This one might really shake him.

Flippin 'eck - this should be in "quote of the day" :P:P:P

Maybe the Pope will make dogbox Patron Saint of BTL Bulls who 'sold out' of their own convictions(very sensible :rolleyes: )

How about a Knighthood off Tony and the Queen for being an STR then?? :lol:

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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