Several Hotshots Supposedly Broke Or In Debt

[TimTimSalabim]

Daliman,
You've just proven that putting 100% cash down on real estate is a bad investment, which pretty much every successful real estate investor knows. It's all about leverage.

[Ringo]

ban plz for anyone talking about real estate.

[Angrymoog]

[ QUOTE ]

ban plz for anyone talking about real estate.

[/ QUOTE ]

[citanul]

daliman,

for someone who clearly knows about sample size, you're making a really bad argument. to top it off, you're wrong. so you should stop derailing this thread (as should your arguing counterparts) by talking about real estate. expected average real estate returns for every zip code in the US, annualized over any time period you want, are probably a google away, so just chill.

[blankoblanco]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
David, here is a statement made by Phil Ivey on the monetary status of several pros www.cardplayer.com/articles/story147212

[/ QUOTE ]

interesting. my question is: why is he telling all this to the public?

[/ QUOTE ]

He seems like a quiet guy but I dunno maybe he holds some type of grudge?

[/ QUOTE ]

wow. that did seem incredibly out of character. i'm really surprised he would just take shots at people who are supposedly his friends like that.

[Daliman]

[ QUOTE ]
daliman,

for someone who clearly knows about sample size, you're making a really bad argument. to top it off, you're wrong. so you should stop derailing this thread (as should your arguing counterparts) by talking about real estate. expected average real estate returns for every zip code in the US, annualized over any time period you want, are probably a google away, so just chill.

[/ QUOTE ]
Well, we weren't talking about "any period of time", we were talking about 1995 to now. Sure, I may have overstated the actual overall average return in Real estate, but the poin is pretty obvious; 100k house ---> 200k house from 1995 to 2007 would be teh suck.

That, and that Tx needs some better investments.

[Lurker.]

rickrolls suck. i'm glad i haven't been posting in bbv when they exploded. i've seen like....one funny rickroll...maybe two.

[LearnedfromTV]

[ QUOTE ]
TStone's points are well made (except for his comment about NL already dying).
I've earned a middle class Southern California income on 800 hours a year for a decade now. None of you have heard of me and that's fine. I play so far beneath my BR if I even got half way to broke I'd quit because I'd have to assume I was unknowingly having mental health problems. I have a wife and kids and home and free time to read and study, yet will NEVER be recognized as a poker stud. NEVER. Because I don't gamble, and tourneys are gambling and high stakes games are gambling.
And it isn't just that some (many? most?) players crave fame and fortune. I think they also crave the big losses. Me, I can't have a big (relative to BR) loss anymore, and I like that. It's another quality of life issue to me. I don't like that punched-in-the-gut feeling. But, obviously, to many players, the big downs are just part of the roller coaster ride, maybe (sickly) the most fun part.

I once had a young player, a good player, too, tell me (not meanly) that I didn't play higher because I was scared. I didn't deny it. I am scared to lose a lot of money. But I did manage to get him to understand that his craving to player higher was also a fear, a fear that maybe he was passing up a chance to make a lot of money and get famous and all that.

But then again, because he didn't have the wife, kids and mortage payment thing going on like me, going broke was an option.

[/ QUOTE ]

awesome

[MicroBob]

[ QUOTE ]
[ QUOTE ]

ban plz for anyone talking about real estate.

[/ QUOTE ]

[/ QUOTE ]


No doubt.
What an awful and boring thread-jack.

"Doubling your real-estate value is really good."
"No it isn't."
"Yes it is."
"No it isn't."
"Some super expert about it says it is so it must be true."
"Some other expert says it isn't so you must be wrong."

[IgorSmiles]

Next thing Sklansky's gonna tell us Victoria Secret models really do fart too.