Friday, May 20, 2011 8:46:09 AM
Now, lets put it in perspective by comparing AFTC and your hypothetical home purchase.
The home was listed for $520,000 but, because it’s a depressed market, there were no buyers at the listed price, but there were several offers at $400,000. I decided to meet the seller’s price. No one was selling at $400K, and no one was selling AFTC at .0012.
Now, let’s analize my AFTC transaction relative to the home purchase. And here’s the grabber (pay close attention). I’m a developer and real estate speculator, and I own 30 other homes in the area all of equal value, so paying $120,000 “too much” which is in reality, still below market value, my other properties maintain their worth; an aggregate $9,880,000. By your own analysis, I have prevented a loss of more than $2,280,000 in value to my investment. I didn’t raise the value of the other homes in the area, but I did maintain the status quo and kept the value of the other homes constant.
That's exactly what I did witrh AFTC.
As for AFTC:
It’s not about taking a loss on AFTC by buying at .0017; it’s about taking a smaller profit on 2% of my investment as a hedge.
To help AFTC, myself and others, I can and will do that 20 times over.
Once I thought I was wrong; but I was mistaken.
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