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re: Being "recession proof"
Posted on 7/8/13 at 9:53 pm to rintintin
Posted on 7/8/13 at 9:53 pm to rintintin
quote:
Did anyone here get hit hard in real estate?
Personal experience for me - I lost $5,000 in American Mortgage Company. It is trading at $0.0032 per share under 02756814. I learned about "catching a falling knife".
I learned more from that loss than any gain I have ever made. I know some CRE guys in Florida, Georgia and North Carolina that lost EVERYTHING in transitional real estate. Ruined some forever.
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