To our friends, associates, and distinguished guests:

The past six months have been good to us, very good. We have experienced successes that we never imagined possible, and we’re stoked. We took risks, and things paid off.

Right around holidays the economy was getting bad, CNN and Fox News ran around like chickens with their heads cut off warning of “The worst economic crisis since the great depression”. The media frenzy spread to general conversation of daily life, it got to the point where you couldn’t talk to any business contact without hearing some mention of, “the way the economy is right now, blah, blah, blah”. The sky was falling, the sky was falling, and for those who didn’t know any better, it did fall, on your head, and you got screwed, slaughtered.

If you got screwed in real estate, I’m sorry, I really am. Lots of people ended up getting screwed in real estate. In a MAJOR nutshell, people got greedy, took out loans they shouldn’t have and went into unwise and uneducated debts. Value is subjective in the world of real estate and the values went down. What can we learn from this? Debt is stupid. If something seems too good to be true then it is, tattoo that on your forehead so you see it every time you look in the mirror.
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