[HOLY S**T!] Why do 80% of Multi millionaire athletes go broke after retiring within 5 years????

[TheHolyCross]

when i get rich im gonna get me 3 lamborghini's, 3 rolls royce, a huge ass mansion with 20 bathrooms, a jacuzzi in each bedroom and i dunno how many acres of land but a LOT and im gonna be livin the life :cool smilie:

[THE REED™]

Originally Posted by Jim Jeffries

And Nevada and Arizona, hell everywhere really. Real estate probably won't become a good investment here in the US for at least another decade. This recent moratorium on foreclosures didn't help matters much.

Like you said, pro athletes get used to a certain lifestyle and continue to live that way long after the money keeps pouring in. And not all of them are smart enough to invest in boats.

Most definitely.... Although actually NOW.. might not be a bad time to invest, as long as you consider it a long term investment, and not short term.

[BOLLOCKS]

Because they made their money playing a sport, not being a intelligent businessman.

[Konstantin]

Originally Posted by reedickyaluss

Most definitely.... Although actually NOW.. might not be a bad time to invest, as long as you consider it a long term investment, and not short term.

Yeah if your not looking to flip, houses are cheap.

[Jim Jeffries]

Originally Posted by reedickyaluss

Most definitely.... Although actually NOW.. might not be a bad time to invest, as long as you consider it a long term investment, and not short term.

Yeah I think we're near the bottom. And with limited land and a growing national (and global) population, property will always be worth something, and once that bottom is reached, should continue the historical steady appreciation. Assuming the influence of those who would like to do away with private ownership of land remains limited.

[Gorilla Dogs]

Originally Posted by Jim Jeffries

And Nevada and Arizona, hell everywhere really. Real estate probably won't become a good investment here in the US for at least another decade. This recent moratorium on foreclosures didn't help matters much.

Like you said, pro athletes get used to a certain lifestyle and continue to live that way long after the money keeps pouring in. And not all of them are smart enough to invest in boats.

you guys are really clueless


Buy the real estate while it is low and it will go back up, the trend in real estate always goes down and up...if you buy the house in full all you gotta worry is about the juice on the house from the government. Either way the market will go up again and you will make the money

Donald Trump and even teachers in G Dogs school said real estate is the most reliable to invest in out of EVERYTHING. Sure it has its draw backs but not as much as other investing