Posted by waynepdx on July 10, 2002 at 01:09:31:
I agree, I believe the bubble is about to burst.
I was listening to Bush today talking about corporate reform. Now with 9-11 and all of the Corporate accounting scams, the American economy has taken quite a hit.
We are just now seeing the tail end of the Tech bubble burst.
I remember having debates in ecomonics class about how strong the American economy is and how much damage it can take.
Well this is the most damage I have ever heard of it taking.
Even with the War on Terror, which helps the available spending money in the Economy is only postponing the inevitable.
Now Bush is proposing massive corporate reform and from what I heard, it is going to effect allot of what we do.
So in the meantime, I have switched my business plan to wholesaling and sandwich l/o’s. More towards wholesaling than l/o’s. I was spinning my wheels proposing 3 or 4 lease options a week with no sucess, but now that I have switched to wholesaling, well there are plenty of deals to be had around here.
I am just looking to get in and get out, give me my check for whatever amount and I’m gone.
Also, I have a great house I am about to wrap up in a p/s agreement. A nice little rehab project.
It is in Portland.
I will give more info if your interested after I get it wrapped up in a p/s agreement.