Comments on: Real Estate No Longer THE Safe Investment http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: Real Estate Investment Or Securities Fraud? | Housing Doom http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16752 Real Estate Investment Or Securities Fraud? | Housing Doom Sun, 21 Mar 2010 07:03:53 +0000 http://housingdoom.com/?p=2743#comment-16752 [...] Oglesby told investors that the investment was safe because it was secured by real estate, [I wonder if his was the ad I remember reading?] but the Commission found that he failed to disclose that the real estate development was already [...] [...] Oglesby told investors that the investment was safe because it was secured by real estate, [I wonder if his was the ad I remember reading?] but the Commission found that he failed to disclose that the real estate development was already [...]

]]> By: twist http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16751 twist Thu, 04 Jun 2009 17:23:39 +0000 http://housingdoom.com/?p=2743#comment-16751 I wouldn't invest in these either. I agree with Chuck- the outcome is always uncertain. I couldn't help but think though of a listing I went to view. The house was being used by a guy who was running his process serving business out of the house. Business was booming. My feeling is that in these times, it's a safe bet to assume that there will be more litigation as more people find it difficult to meet their contractual obligations. The outcome of this litigation however, is not as certain. In fact, no more certain than investing in RE. I wouldn’t invest in these either. I agree with Chuck- the outcome is always uncertain.

I couldn’t help but think though of a listing I went to view. The house was being used by a guy who was running his process serving business out of the house. Business was booming.

My feeling is that in these times, it’s a safe bet to assume that there will be more litigation as more people find it difficult to meet their contractual obligations.

The outcome of this litigation however, is not as certain. In fact, no more certain than investing in RE.

]]> By: AZSALUKI http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16750 AZSALUKI Thu, 04 Jun 2009 16:46:41 +0000 http://housingdoom.com/?p=2743#comment-16750 so how does it work??? do you lend someone cash who is waiting on a pending lawsuit and then he pays you back with a cut of his award?? so how does it work??? do you lend someone cash who is waiting on a pending lawsuit and then he pays you back with a cut of his award??

]]> By: Chuck Ponzi http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16749 Chuck Ponzi Thu, 04 Jun 2009 16:42:21 +0000 http://housingdoom.com/?p=2743#comment-16749 I know a number of people who invest in these types of lawsuits. Most of them are ho-hum copyright infringement and pretty much guaranteed outcomes... financing is just the vehicle so companies can continue to operate with off-balance sheet loans on awards that are not recognized as assets. Basically, it's an accounting issue, very important for small to midsized companies. Rates for these are decent returns. Some are not contingent. Where the outcome is uncertain and contingent, those rates can be ridiculous. And I mean ridiculous. I'm only pointing out that these have been around for a long time. Chuck I know a number of people who invest in these types of lawsuits. Most of them are ho-hum copyright infringement and pretty much guaranteed outcomes… financing is just the vehicle so companies can continue to operate with off-balance sheet loans on awards that are not recognized as assets. Basically, it’s an accounting issue, very important for small to midsized companies. Rates for these are decent returns. Some are not contingent.

Where the outcome is uncertain and contingent, those rates can be ridiculous. And I mean ridiculous.

I’m only pointing out that these have been around for a long time.

Chuck

]]> By: Linenoise http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16748 Linenoise Thu, 04 Jun 2009 16:20:17 +0000 http://housingdoom.com/?p=2743#comment-16748 Reminds me of The Simpson's dot-com episode. After the bubble burst.. "It's a golden age for the Repo man, one that shall never end", or something like that. The cynical part of me can see 10 years from now thousands of lawyers getting laid off, and the government tried to give bailouts to them.. Me? Alcohol seems like a better investment. The cheap stuff, of course, people don't have cash to spend on $10 drinks. Reminds me of The Simpson’s dot-com episode. After the bubble burst.. “It’s a golden age for the Repo man, one that shall never end”, or something like that. The cynical part of me can see 10 years from now thousands of lawyers getting laid off, and the government tried to give bailouts to them..

Me? Alcohol seems like a better investment. The cheap stuff, of course, people don’t have cash to spend on $10 drinks.

]]> By: Del in PHX http://housingdoom.com/2009/06/04/real-estate-no-longer-the-safe-investment/#comment-16747 Del in PHX Thu, 04 Jun 2009 16:15:35 +0000 http://housingdoom.com/?p=2743#comment-16747 Be wary of AAA rated "my neck hurts" securities. "unneeded" [sic]is my anti-spam password... the system knows. Be wary of AAA rated “my neck hurts” securities.

“unneeded” [sic]is my anti-spam password… the system knows.

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