When your country outsources its jobs to foreign countries (and foreign nationals), when you no longer make things or need people to make things, that leaves millions who feel the only way to make a living is to make something for sure -
"make deals"
Bad news though. The bubble has popped. And anyone still "making deals" is going to be making their way to bankruptcy court. Except the hucksters telling people how to "make deals".
Makes sense LA is the big draw. What else for the new arrivals to do but live that grand American dream - and get rich quick!
Tens of thousands of hopeful real-estate moguls entered the Convention Center on Saturday with money on their minds.
They were drawn to the two-day Real Estate Wealth Expo by iconic investors like Rob "Rich Dad" Kiyosaki, Donald Trump and Magic Johnson.
Many wanted to know how to make their first million, and the program covers assured them, in block red letters, "THIS WEEKEND CAN MAKE YOU A MILLIONAIRE!"
"You do not have to have money. You don't have to have good credit. You don't have to have a job. All you need is the knowledge to put a deal together," Reggie Brooks told students in a session he taught on investing in abandoned properties.
Attendants were over and over reminded of such success stories: middle-aged men and women who had left steady jobs and, following a speaker's tips, had struck paydirt investing in real estate.
Organizers anticipate 55,000 visitors, enough to fill the Staples Center next door almost three times
April 11, 2006
The sucker parade makes a stop in LA
Posted by blogger at 4/11/2006
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2 comments:
"If it sounds too good to be true it probably is..."
"If it was that easy everyone would be doing it"....WAIT A SECOND, everyone is.
We're seeing the TULIP BUBBLE MANIA of the 2000s.
Soon there will be no buyers at any price.
It is simply amazing how long it is taking for the word to get out.
I think that's the next milestone I'll be looking for: when does the last person wake up and realize the RE thing is over?
July? November? Can't be longer than Nov. '06.
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