This was passed on to me from the elliottwave web site, as recently
posted, by one of those in attendance at the recent ataa talk
posted: 5:00 PM ET March 16, 2005
Have you heard? Now you can pay off your mortgage, buy a duplex to rent,
retire, and travel cross-country in a brand-new motor home, all in less
than 60… /minutes --/thanks to CashFlow, the board game that uses play
money to teach adults about real-world investing.
Talk about putting the fun back in /funance./ And, as any member of one
of the 800 CashFlow Clubs around the world will tell you, the vicarious
thrill of winning (fair and square) the American Dream can’t be beat.
Unless, of course, the Dream came true.
Which brings us to a March 14 /CNN/ Money report on one New York
City-based CashFlow Club’s decision to /“turn the game about getting
rich into a game plan for getting rich.”/
The time is right, claim the group’s members, to roll the dice in the
real-world real estate market. They’ve come together to put down the
playing cards and /“pick up the name of a good contractor, the number of
a trusted real estate lawyer, or to offer cash, credit or time as one
member of a real estate partnership.”/
In other words, relative strangers are partnering up to place their
combined capital in property based on the experience they gained and
lessons they learned from playing a board game.
What’s next -- People buying hotel chains because they kicked butt in a
few rounds of Monopoly?
But as crazy as this may sound, many experts claim that in the game of
real estate, there is no losing.
Take, for example, the March 12 testimony by a chief economist for the
National Association of Realtors:
/“The US housing boom should continue for at least another decade…
Thankfully, American’s are ignoring warnings of a [housing bust] and
investing in real estate in droves.”/ Those who say the /“sky is falling
are trying to compare real estate to stocks, but it’s apples and
oranges. Stocks are, by their very nature, speculative. Real estate is
more long term.”/
Exactly. If the housing bubble bursts, you can’t just pick up the phone
and sell your real estate investment, as you could shares of a falling
stock. You first have to find a buyer.
This brings to mind another board game by a different name: RISK. And,
over the past few years, the degree of risk relevant to the HOME sweet
home sector has soared sweet soared: Once merely a place to live, it’s
- A place to earn a living: In 2004, 25% of the 7.7 million homes
sold were purchased strictly as investments. AND
- A way to ensure a livelihood: A March 15 /Associated Press/
article points out “/of the 243,000 net private payroll jobs added
by California’s economy in the last two year, 122,000 of them were
directly related to the real estate sector… The job gains over the
past year reflect not an economy in the midst of a true recovery,
but an economy still in the midst of a real-estate-fueled spending
With so much resting on the rooftop of the real-estate sector, the name
of the game should be clear, objective analysis of the true strength in
U.S. housing prices.