Real estate

[ricepig]

I had an opportunity to buy some land and invest with timber. Of course my folks are in the industry. Not an instant return, but money capability is there. Especially with wood for chips and pellet industry.

Yeah, I really don't know the timber industry side of it, but my best friend in college has several mills and acreage, there's money in it, haha. That's like undeveloped commercial property to me, I'm not patient enough to wait on the return.

[Karma]

Done - lost those and everything else in the process.
Tried to hang on for a few years - the market just didn't recover and the banks just won't continue to renew notes when the value is no longer there.
(The trying to hang on killed them - sounds terrible but if they'd given those back initially they would have survived personally)

Chilling.  Leverage is great until it swings against you.