Off-Topic: In Response To Hound

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	Name:	lamont -
	Subject:	In Response To Hound
	Date:	8/26/2010 9:07:57 AM

I am of the opinion I am older than most on this board. I made a decision about 15 years ago that real estate should be a substantial part of my portfolio. I know, y'all are probably giggling saying what an idiot I was. However, even at todays prices, the investments I made in real estate far surpass my investment returns in stocks, bonds and mutual funds and.... I am a Registered Stock Broker. My lakehouse, even with todays deflated prices, would give me an annual return of more than 11%,for the past 7 years, should I decide to sell. My Mountain Lot would average about 13%. My 401K, for the last 7 years is laughable so, in response to your ? Hound, I have recently cashed in and swept the money into a money market until I can figure out something better. I, like you, considered Gulf front property and decided, just like you, Condo fees, maintenance, insurance costs, etc. just made the purchase to expensive even at today's rediculously low prices. So, I am certainly no genious but, sometimes you just have to sit on the sidelines and see what happens.