I recall that in the spring of 2004, while Susan and I were travelling through Los Angeles, the bus stop benches were plastered with advertising for "get rich through real estate investing" conferences featuring Donald Trump, Robert Kiyosaki and Anthony Robbins.
I am shocked to learn that these conferences are still taking place, with the next one coming to Toronto on March 29-30, 2008. The usual suspects will be present - including the kingpins of the long-deflated real estate bubble and other new age icons - Donald Trump, Anthony Robbins, George Foreman, David Bach, the Teachers from "The Secret," and an additional "all-star line-up," including Jack Canfield, Alan Greenspan(!?!), and Magic Johnson.What? This is still happening in 2008?
I must be out of touch, because I don't get it. (I'll grant you, Canada as a location still makes sense. While we lack the United States' spiralling international debt, our central bank governors persist in inflating the Canadian money supply at no less frenetic a pace than our mania-prone cousins to the south.)
Since 2004, real estate investors have been brutally slammed. And now these gurus are going to tell us... get this... what again??? How to make money in real estate in 2008???
I don't have much more to say on this forlorn subject, except that the bus stop bench advertising has now changed.
What is being advertised in 2008?
Foreclosure assistance.
Trump and Robbins may still be running real estate wealth conferences (Kiyosaki pulled out of that game in 2005), but the bus stop benches are now telling a different story.
I would caution against following the pied piper on this particular adventure.
No comments:
Post a Comment