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Nouveau Riche University is training Real Estate Investors. Does this have a big impact? To better understand, I present two simplified examples:
Now imagine if at noon everyday, a few kids from the Nouveau Cuisine Sandwich Investment University came by for the auction. Instead of buying sandwiches because they were hungry, what if they bid on and bought sandwiches just to turn around and sell them to you?
You'd get the same sandwiches, but the price would go up.
Compare this with Nouveau Riche training real estate investors. Real people, who really wish to buy a house will have to compete with a team of new investors, hustling and flipping houses, trying to squeeze a living out of their price-inflating influence.
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February 21, 2007