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Overnight Open Thread

526
razorbacker6/01/2009 7:04:26 am PDT

Man.

I just got off the phone with my buddy Phil. He moved here from the Los
Angles area about ten years ago with a bucket full of money he’d made from selling his real estate holdings in CA.

Started buying real estate here, intending to duplicate his results.

So now he owns free and clear four houses and about 450 acres of land that he has little hope of selling, with about $100,000 in cash left.

My buddy is nervous.