Monday, April 25, 2005

Bubble-Palooza Coming To LA

The LA Times is reporting on a "real estate expo less like a hard-nosed business event than a Gen-X and boomer-friendly rave."

"'It's a mega-event,' added Bill Zanker, president of the Learning Annex. 'L.A. is responding like wild. Everybody in L.A. is talking about real estate. It's the new aphrodisiac..the new type of rock concert.'"

"The New York-based company (is) famous for its workshops and classes such as cardio striptease and tarot card reading."

If you listen to what they are calling the "classes", it's safe to say attendees can leave the calculator at home. "The Lazy Way to Create Real Estate Wealth, How to 'Quick Turn' Real Estate in Los Angeles With No Money, Credit or Risk, and How to Get Free Money From the Government for Real Estate."

10 Comments:

At 9:15 AM, Anonymous Anonymous said...

Remember all the "seminars" that used to go on at the big hotels around town on how to day trade stocks, ect. Gee, why don't they hold those anymore?

 
At 9:31 AM, Anonymous Anonymous said...

The U.S. is depending more than ever on foreign money to sustain growth.What the U.S. needs is a truly politically independent central banker.
Greenspeak is clearly an actor and the biggest political hacks.

 
At 10:01 AM, Blogger Nayrab said...

I just love it. I can't wait for it to bust so I can laught at the idiots who fell for "real estate is the new aphrodisiac...the new type of rock concert" line.

Classes such as "The Lazy Way to Create Real Estate Wealth" make me want to vomit. There are so many suckers out there, and "The Donald" is helping to bait them in by lending his name to the mania. I hope he goes down with the rest of them.

 
At 10:12 AM, Anonymous Anonymous said...

I've always felt "The Donald" was a con artist. His latest TV show puts the final nail in his coffin, and this RE conference will hopefully bury him.

But, my wife loves the guy's show and thinks his a smart business man. I've told her about his failures, but she just points out that he's making lots of money, so does that not prove he's successful.

Correct term for Donald is "taking money," not "making money."

That's all this RE bubble has been. More wealth transfer, but not wealth creation.

 
At 10:26 AM, Blogger Melody said...

This seems odd because I have 3cd's made by Tony Robbins some time back that states we in a "bubble". Is this just a seminar to make money? Hmmmm. Let me dig out those cd's. I will tell you more when I find them.

 
At 11:12 AM, Blogger Melody said...

Here is the info. I wonder if Tony will mention any of this?

Tony Robbins - Conquer the Crash
Book Description
This comprehensive 3 1/2 hour interview of Robert Prechter, Jr., conducted by world-famous author and business strategist Anthony Robbins, prepares the listener for the major shake up in the financial markets that Mr. Prechter predicts and that you may have already started to experience. This 3-CD set covers a very broad range of subjects, including the future prospects of the financial markets, the global economy, deflation, investor mood/psychology, socionomics and a very clear roadmap of how this shake out will affect investors and the economy as a whole. Tony Robbins and Bob Prechter provide the listener with solutions to prepare for the extremes in the market and outline very specific strategies to prosper in times of uncertainty.

About the Author
Anthony Robbins is an international business strategist, best selling author, and founder of nine companies. He's considered the nation's leader in human development training and sports nothing short of a "who's who" list of private clients.
Robert Prechter, Jr. is founder and President of Elliott Wave International. During the 1980s, he won numerous awards for market timing as well as the United States Trading Championship, culminating in Financial News Network (now CNBC) grating him the title, "Guru of the Decade."
Publisher: N.A.P.I. Publishing; Unabridged edition (June, 2002)

 
At 11:49 AM, Anonymous Jim in Venice said...

Although we see statistics indicating that renting is much cheaper than buying in Los Angeles, I was shocked at what I saw take place on my street over the past couple months.

Earlier this year, a 2 bed/2 bath detached home on my street sold for $650,000. Now, two months later, the same house is on the market - for rent - for a paltry $1900 a month. Goodness knows what the mortage is, but it's certainly more than $1900 a month!

 
At 12:39 PM, Blogger John Law said...

that should be a raucous convention...I"m sure if Prechter heres about it he'll say it's a sign of a market top.

 
At 1:20 PM, Blogger dryfly said...

If real estate is the new aphrodisiac... do they plan to hand out 'financial condoms' at the door?

 
At 9:04 PM, Anonymous Anonymous said...

Donald Trump:

YOU'RE FIRED!!

 

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