Re: The Query From Hell

From: Shakespeare <>
Date: Wed, 11 Feb 2009 21:45:49 +0100
Message-ID: <499338fd$0$187$>

joel garry schreef:
> On Feb 11, 7:57 am, Shakespeare <> wrote:
>> Mladen Gogala schreef:
>>> On Tue, 10 Feb 2009 17:55:58 +0100, Shakespeare wrote:
>>>> Yes, there are several posts in this group from different posters
>>>> (although I believe one poster uses several synonyms) with ''
>>>> in the code.  One statement worse than the other...
>>>> Shakespeare
>>> I went to URL in the code and inspected a bit. It's brilliant:
>>> "Make It All BackZacks Announces Plan to Double Your Money
>>> chief Steve Reitmeister has prepared our answer to the
>>> recession. It's a potent plan to Make It All Back.                 Details
>>> will only be confided to those who get on a private list, which closes
>>> Feb. 14."
>>> Double, no less! How didn't the others think of that? That Steve
>>> Reitmeister must be a sheer genius! The details will, of course, cost
>>> money and list closes on St. Valentine's Day! There must be a queue
>>> forming right now! I was once taken aback when a used car salesman used
>>> the phrase "trust me". This guy looks even less trustworthy then the guy
>>> who tried to sell me 7 years old Ford Escort for $8k.
>> If I knew a way to double my money, I would use it myself, so I would
>> not have to hire crappy programmers and dudes who call themselves
>> "Senior DBA" to help me earn my money....
>> Shakespeare

> $250K buys distressed socal rental real estate. $50K down, rent &
> depreciation tax advantages cover costs. Wait 5 years, sell $375K.
> After taxes with deprecation recapture, $50K net+your $50K back.
> Fairly conservative estimates, risk is in management costs (and of
> course, total macroeconomic meltdown). If it doesn't hit $375K, just
> keep raising the rent for positive cash flow until it does. When
> money is loose and values rise fast (well, won't see that again for a
> while), refinance to get the $50K out first - calculate the % return
> when you sell after that!
> The "geniuses" charge big bucks to tell people that, and sell them the
> tax-deferral info (called 1031 exchange in the US, combine with owner-
> occupancy to avoid taxes on sale). The "scammers" charge big bucks to
> tell people they don't need the $50K.
> Now send me money.
> jg
> --
> is bogus.

 > Now send me money??

Why? Go buy a house and wait!

Shakespeare Received on Wed Feb 11 2009 - 14:45:49 CST

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