Mortgage Meltdown Part One
Usually on Saturday’s when I’m not traveling, I have to wake up at 6:00 a.m. to catch one of my favorite shows - High Net Worth. This show profiles entrepreneurs, and how they make their fortunes, Mostly all of the entrepreneurs have made their money in real estate, whether it was luxury 100 room boutique hotels, time shares, you name it One Billionaire, who owns three of the larges time share companies, is building a 90,000 square foot house with 20 kitchens and 30 bathrooms. Another is launching a prototype hotel in space the idiosyncrasies befuddle me to no end. Like the guy building the largest house in America, yet still drives one of the first cars I used to own - a $12,000 used Lincoln Town Car. Why do they do what they do?