There was a certain self-satisfied glee I’ve felt from (some) people who made lots of money on the housing bubble, which was fun to play it up here in such a silly way.
Guilty as charged, although not by design. I had acquired a second, smaller farm before the bubble began to rise and was going to work it as a straight grain operation, but decided my truck farm was more than enough for my needs, so I sold it at the height of the bubble. I could buy it back now for a small fraction of what was paid for it at the going rates of the time. As PT Barnum may have said; “I made a killin’”, although my timing was entirely accidental and I cannot claim financial genius. Pure, dumb luck.
If I recall correctly, PT went bankrupt 3 times and was able to climb out of his financial holes and pay back all his creditors all three times. He may not have known how to hold on to his money, but he knew how to grow it.
Got to watch most of the houses sit in a McMansionville Ghost Town built up the street from us. Three years after the collapse, they finally chainsawed off three incomplete frameups to the foundation and hauled them to Biomass. One stood for four years with OSB sheeting for a roof before someone bought it and finished it. PNW dwellers know how much mold is growing in the structure. Six years later, the showpiece mansion originally priced at $850,000 sold for $250,000 to a Korean couple who”ve done a nice renovation on the grounds that were allowed to go burnt earth dry.
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