I lived in Atlanta during most of the boom, and in the early 2000's I faced a crossroads, I was in the oil business of course, but prices were low and I was hardly getting rich at the time in oil, I was also dabbling in building houses in the very strong Atlanta housing market, not flipping houses mind you, but building them and considering becoming a full fledged developer and building entire subdivisions.

I can't really put my finger on why I made the decision I did, but after evaluating the price of raw land vs developed lots vs the price I could get for homes in that particular market, some warning bells started going off in my head. It appeared to me that the price would have to continue to skyrocket for at least the next five years for me to come out financially given the already spiraling prices, especially for raw land. I already knew that nothing goes straight up forever and that's when I traded in my builders hat and redevoted myself fulltime to the oil business. Looking back, I think I made the right decision. lol

I only got stuck with one house when the bust came, I knocked the price down a couple of hundred grand, took my loss and never looked back. This is the same advice I give to Marikod sometimes you just need to admit you were wrong, cut your losses and move on.

Congratulations on your conversion into a fellow capitalist, maybe after you make a few bucks, you might feel different when everyone wants a piece of you. lmao