Batch Declares Bankrupcy

[kindlecatsb'ng]

[url="http://sports.yahoo.com/nfl/news?slug=nfp-20110323_charlie_batchs_super_bowl_rings_could_be_ lost_due_to_bankruptcy_filing"]http://sports.yahoo.com/nfl/news?slug=n ... tcy_filing[/url]


Wow...Not good news

Kindle

[flippy]

Re: Batch Declares Bankrupcy

Another prospect for the UFL

[feltdizz]

Re: Batch Declares Bankrupcy

25 properties?

[Oviedo]

Re: Batch Declares Bankrupcy

He will be fine when he is elected to the US House of Representatives representing the people of the Mon Valley. That is Batch's future not as a real estate mogul. Good intentions, bad execution.

[Snatch98]

Re: Batch Declares Bankrupcy

25 properties?

He has a lot of section 8 properties in and around the city. Now as far as Batch running for the house of representatives. When is this supposed to occur? And who does he expect to beat? He'll get slaughtered by Mike Doyle, Crtiz just got in there. I guess he could try and take Altmire's seat as he's a total putz. I'm guessing he'd run on the Democratic slate. I don't like his chances and it's not like those guys make a ton of money.

[kindlecatsb'ng]

Re: Batch Declares Bankrupcy

[url="http://www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_728674.html"]http://www.pittsburghlive.com/x/pittsbu ... 28674.html[/url]


Kindle

[BradshawsHairdresser]

Re: Batch Declares Bankrupcy

Dang. Charlie will be 52 and still have to be playing backup for the Steelers...

[Notleadpoisoned]

Re: Batch Declares Bankrupcy

Dang. Charlie will be 52 and still have to be playing backup for the Steelers...

Hopefully Charlie doesn't end up like Joe Gilliam, living in a cardboard box underneath a bridge and dead by the age of 50.

[feltdizz]

Re: Batch Declares Bankrupcy

Politicians don't make a ton of money but they control ALL the money. Why else would people spend millions running for a position that pays a few hundred thousand

[RuthlessBurgher]

Re: Batch Declares Bankrupcy

Dang. Charlie will be 52 and still have to be playing backup for the Steelers...

Hopefully Charlie doesn't end up like Joe Gilliam, living in a cardboard box underneath a bridge and dead by the age of 50.

Cocaine and alcohol abuse had a lot to do with that.

Charlie just had the poor fortune to invest in real estate in a crappy market, much like Dermontti Dawson, who was forced to declare bankruptcy in the past few years as well.

[Chadman]

Re: Batch Declares Bankrupcy

Chadman would like to feel sorry for guys like Batch & Dawson, but can't.

If you are earning around the million dollars a year mark, and you foolishly dump IT ALL into investments, then who do you have to blame, other than yourself?

Chadman is a gambler. Loves punting on horses. Property, shares- that's all gambling. You gamble that the chance of return is worthy of the risk.

Chadman GETS that.

But even lowly Chadman knows you don't risk more than you can afford to.

If you make $80k a year, or if you earn $25 million a year- the principle holds true- if you can't afford to lose it- don't risk it.

If rich, grown men can't figure it out for themselves- it's on their head.

[birtikidis]

Re: Batch Declares Bankrupcy

I feel for the guy. I know how hard the market fell. Personal experience... I just bought 270k house for just over 95k. that's a heck of a loss.

[feltdizz]

Re: Batch Declares Bankrupcy

Chadman would like to feel sorry for guys like Batch & Dawson, but can't.

If you are earning around the million dollars a year mark, and you foolishly dump IT ALL into investments, then who do you have to blame, other than yourself?

Chadman is a gambler. Loves punting on horses. Property, shares- that's all gambling. You gamble that the chance of return is worthy of the risk.

Chadman GETS that.

But even lowly Chadman knows you don't risk more than you can afford to.

If you make $80k a year, or if you earn $25 million a year- the principle holds true- if you can't afford to lose it- don't risk it.

If rich, grown men can't figure it out for themselves- it's on their head.

I don't think anyone feels sorry for Batch, it's more of a WTF?

He had too much spare time on the sideline thinking about ways to gamble. I did see Batch and Farrior at the Casino before the start of the season.

[feltdizz]

Re: Batch Declares Bankrupcy

I feel for the guy. I know how hard the market fell. Personal experience... I just bought 270k house for just over 95k. that's a heck of a loss.

It's a heck of a loss if he bought it for 270K... housing jumped from 100K to 400K overnight for no reason at all. I feel for anyone who bought at the height of the market.

My in law bought a shack for 30K and sold it for 150K.... and the guy who bought it tried to put it right back on the market for 250K.. he is stuck with it.

I know Charlie was trying to do right by buying up property in the burgh but those places aren't going to go any higher anytime soon. Pittsburgh was never a booming housing market to begin with.

[birtikidis]

Re: Batch Declares Bankrupcy

I feel for the guy. I know how hard the market fell. Personal experience... I just bought 270k house for just over 95k. that's a heck of a loss.

It's a heck of a loss if he bought it for 270K... housing jumped from 100K to 400K overnight for no reason at all. I feel for anyone who bought at the height of the market.

My in law bought a shack for 30K and sold it for 150K.... and the guy who bought it tried to put it right back on the market for 250K.. he is stuck with it.

I know Charlie was trying to do right by buying up property in the burgh but those places aren't going to go any higher anytime soon. Pittsburgh was never a booming housing market to begin with.

yea, absolutely true. And for so long everyone was beating the drum about real estate being the investment that would stay strong.
Good for me, when I'm buying, bad for the seller. Hell the house I bought had just been built in 2006, so it fell like a rock.