The Wall Street Journal ran a piece today called, “Learning to Be a Landlord.” The story exposes the many real estate speculators now pressured into, “hanging out ‘for rent’ signs… forced into the business [of being a landlord] after buying investment houses or condos at top dollar during boom times that they now can’t sell.”
Every good trader/speculator (and believe me buying houses over the past couple of years was “speculating,” not “investing”) knows that it is a sin to turn a bad trade into an investment. They also know that the trading gods aren’t the type to forgive and forget.
LIV