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Maybe off topic, but I keep hearing about real estate being a bad investment, yet those same posters frequently if not always tout the stock market as a return. Can't help but notice the disconnect that those that tout the so called "superior" stock flat stock market returns over the recent real estate returns. Are we looking at Google's and Apple's and ignoring Facebook's an Bank America's?

Can't help but conclude people decide base on emotion an then cherry pick facts to back up their opinion. I just don't see real estate so under performing.

> 'You can't sell a house up in Millbrook/Sharon, let alone Putnam Valley or less desirable areas'

What do you mean? I am sure if the house is priced right, it will sell. You can never NOT sell a house. There is always an equilibrium price somewhere.

VERY interesting posting by JButton. I have never seen anyone isolate and identify LAND as the true reason most real estate appreciates. Interesting theory. And yes, to counteract that, you need to constantly maintain the house in question, to keep it up to date. Unless there's no more land, you'll always compete with new construction.

Moral: Buy where there's no more land! (NYC is the ultimate example)

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NYC RE was

One thing I really like about owning real estate is I can enjoy it (as opposed to a bond or stock, which I also own). Decorate it,customize it, plant a garden and know that in a year or two I won't have to move. There is a certain emotionally satisfying component to "ownership", knowing I can pay this place off. That makes me feel good (it might not make you feel good though). And then after 10 or 15 years I can sell it and put some money in the bank or another home, can't predict that far out what my return will be, but I feel pretty sure there will something. In a perfect world if I could rent long term at a significant discount to owning and wisely invest the difference that might work out as well. But I have not had great luck with saving, investing in equities over the years. With two kids and an impulsive nature, medical emergencies that have come up-something usually gets in the way of my savings plan. Then I'm broke and still renting (: Lol.

I feel the same way about second homes. We had a little cottage in the Catskills with fruit trees, great views, 10 acres, wild berry's, deer and a wonderful garden. We really enjoyed our time there and made great memories with our children. It was affordable enough that there was no pressure to always have to go, I think that's the key. I actually built it myself, that was fun, but of course everyone told me not to do it-glad I did. When we tired of it, we sold it and bought a small place on a lake.

Life really is short, be responsible but remember to factor in the emotional components, not juts the financial ones and enjoy the present moment.

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Thanks Truth. Must have been the yogi tea I had this morning..lol.

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KeithB, which decade of life are you in? 50s?

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I'm 48 and holding up well (: I'm almost afraid to ask, but why?

Keith Burkhardt
The Burkhardt Group

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