Housing Doom Housing Bubble Blog

I don’t believe everything I read on the stock message boards, (Truth be told, I don’t believe everything I read anywhere.)  but the following Yahoo message on the Toll Brother’s board was interesting:

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In yesterday’s Arizona Republic, they featured the "Investors Corner" with Mark Bosworth. (No link to current article available)  The following question was put to Mr. Boswell:

I own four investment homes in the Valley and I have solid equity positions in each of them.  I am considering selling them and getting involved in commercial real estate.  What are the primary differences I need to know about before making a move?

I read Boswell’s response and was appalled by such a high risk suggestion to a smaller investor.  I have a friend who used the strategy suggested by Boswell in Denver a few years back.  He started with one house, then leveraged himself up to over $1 million in assets.  Unfortunately, when the market softened, he had no way to sustain his gains, and ended up losing everything. 

Boswell’s response to the question, in part, was as follows:

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