Originally Posted by
Airhoss
One of my very best friends is in real estate. And when I say real estate I big time stuff. Mostly commercial, retail, and storage units. I've watched the man write a 5 million dollar check for a piece of property he was going to develop.
His life was debt free and his portfolio was growing exponentially 2 years ago. Last week over a beer he told me that his business is in a free fall that he just had to mortgage his multimillion dollar house just make ends meet.
Does this mean that real estate companies suck and real estate investors are losers? Stuff happens there is no such thing as a sure deal.
There is no such thing as a sure deal however your real estate friend has more control over his life and what his outcome will be then an airline pilot. Perhaps he could have made some different decisions and would have been in a different place right now? In any case his life is largely in his own hands.
As pilots we place all our hopes and dreams into the hand of an airline executive.
Skyhigh