Sign of the times

Just heard from one of my 3 best friends who I have known since about my first time in 8th grade.

He became a big boy GC. He however didn't see the recession coming. Making it and spending like water. He did not think the faucet would turn off.

He bought a LOT but paid like 50%. That cash stops flowing, ouch. He was down to about zero. He is a couple years younger than me and not one to quit.

He Hustled a year and a half ago, landed a 65Million contract and reorginised a bunch of things. They are just finishing which would have made him life long middle class but POOF, he signs a right at $100 Million Dollar Contract on Monday and another the same size is looking 70/30.

GC's on projects this size don't work on the percentages of profit as a roofer but still get a chunck.

Here in Port Saint Lucie next to PGA where I live they just broke ground for a shopping center and a whole nother slew of condos.

Money is out there, grab it and be smart with it.

wywoody Said: Im in an area that land use regulations greatly diminish the amount of available lots. Pre-crash, the very biggest players were dominating because they were able to outbid for the lots. The crash actually shook up their monopoly made them pay a heavy price for hoarding.

As for my personal situation, Im less than a year away from paying off the mortgage, but bought two new vehicles recently. But we make double payments on them and never get car loans over 36 months, so in a little over a year those will be gone.

Woody, in my area, when I retired, they were giving places away but for cash only. Its a game and I love DaGame

I'm in an area that land use regulations greatly diminish the amount of available lots. Pre-crash, the very biggest players were dominating because they were able to outbid for the lots. The crash actually shook up their monopoly made them pay a heavy price for hoarding.

As for my personal situation, I'm less than a year away from paying off the mortgage, but bought two new vehicles recently. But we make double payments on them and never get car loans over 36 months, so in a little over a year those will be gone.

The pole barn debt along with rental house mortgage has me concerend. Id like to sell one, pay off the other and bank the rest. Then go truck shopping :)

I was lucky to learn that lesson at an early age. I have borrowed for real estate, but nothing else since then. Makes for good sleep.

Lefty Said: I have always kept my spending down. I try not to buy anything that can not pay for itself.

Debt makes me nuts. I have one Credit Card and only time I use it is for out of State Car Rental. I rarely impulse buy, I find most things I buy on the Web and rarely go in stores.

I have always kept my spending down. I try not to buy anything that can not pay for itself.