'How we cashed in before the crash'Posted on Sunday, January 20th, 2008 at 5:59pm.
The story (see "How we cashed in before the crash") also features another, somewhat more sophisticated, market timer – Pimco exec Mark Kiesel, who cashed out of his Newport Beach home after just 2 years (2004-2006) at a tidy 20% profit. Kiesel, however, doesn't suggest that others follow his lead:
"I wouldn't advise it at all," he said. "We were willing to sacrifice our living standards to make some money; not everyone should do that."Meanwhile, Hong is still waiting, as the bubble's burst has, perhaps, just begun:
We do plan to buy again someday, on honest terms with a loan we can afford. We didn't expect to rent this long; our girl is 8, and we'd like to get into a house soon that she will truly feel is hers.Well, that's the report from Pasadena and Newport. But this sort of thing doesn't happen in MB, does it?
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