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 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.