Should I buy a flat in NYC or keep investing in a real estate ETF?
Started by mrvibe
about 16 years ago
Posts: 25
Member since: Apr 2008
Discussion about
My story is easy, i am renting and have got a few dollars saved to buy an apartment uptown. Since I did not find anything at the right price for me, I have put all the money in a real estate ETF luckily in march, the downpayment money has more than doubled basically more than offsetting the money i am paying for rent each month.
Should I just keep it like this or cash in and buy before the rates starts to pick up?
Response by anon3
about 16 years ago
Posts: 309
Member since: Apr 2007
uh, real estate is going DOWN. Maybe a better idea is to oh, I don't know, rent and invest money in something that will actually go up? This is a no brainer.
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Response by dwell
about 16 years ago
Posts: 2341
Member since: Jul 2008
A flat? that's posh. A RE EFT sounds better than a Nigerian prince.
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Response by basicinformation
about 16 years ago
Posts: 82
Member since: Oct 2008
which ETF did you invest in exactly ?
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Response by falcogold1
about 16 years ago
Posts: 4159
Member since: Sep 2008
Unless that Nigerian prince is in possession of................................an uncola nut.
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Response by looking2return
about 16 years ago
Posts: 182
Member since: Jan 2009
Are you looking for a flat with lift? Do you plan to share it with a mate? Or perhaps you're all mouth and trousers?
I think both these could turn into quite a cock up as neither is a flutter.
Cheerio!
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Response by glamma
about 16 years ago
Posts: 830
Member since: Jun 2009
don't be a wanker...
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Response by mrvibe
about 16 years ago
Posts: 25
Member since: Apr 2008
URE is the current vehicle, successful so far... like everybody, i am trying to get the most value as possible and not let the money sleeps...
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Response by Topper
about 16 years ago
Posts: 1335
Member since: May 2008
I'm sure you know that that is one volatile (risky) ETF as it is 2X. (Expense ratio is also high - but largely reflects the leverage.) Good luck!
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Response by gcondo
about 16 years ago
Posts: 1111
Member since: Feb 2009
you can buy my flat if you want
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Response by Truth
about 16 years ago
Posts: 5641
Member since: Dec 2009
Check the Building out first, before you even think about buying there. The web-sites for the N.Y.C. Dept. of Buildings, and the HPD will provide you with inportant information about the Building. If you see a history of, and/or any open violations and overdue compliance: DO NOT BUY IN THAT BUILDING.
Don't assume that , in the case of Condo Buildings; the Condo Board of Managers,and the managing agent are honest and ethical. Don't trust the Meeting minutes.
Feel free to check my address on those sites: 150 East 56th Street, in Manhattan. My Building has been mis-managed for years. Check for lawsuits on the Building, too. You'll find all that, and more; at my address. You will then know more about my Building than most of the owners know.
uh, real estate is going DOWN. Maybe a better idea is to oh, I don't know, rent and invest money in something that will actually go up? This is a no brainer.
A flat? that's posh. A RE EFT sounds better than a Nigerian prince.
which ETF did you invest in exactly ?
Unless that Nigerian prince is in possession of................................an uncola nut.
Are you looking for a flat with lift? Do you plan to share it with a mate? Or perhaps you're all mouth and trousers?
I think both these could turn into quite a cock up as neither is a flutter.
Cheerio!
don't be a wanker...
URE is the current vehicle, successful so far... like everybody, i am trying to get the most value as possible and not let the money sleeps...
I'm sure you know that that is one volatile (risky) ETF as it is 2X. (Expense ratio is also high - but largely reflects the leverage.) Good luck!
you can buy my flat if you want
Check the Building out first, before you even think about buying there. The web-sites for the N.Y.C. Dept. of Buildings, and the HPD will provide you with inportant information about the Building. If you see a history of, and/or any open violations and overdue compliance: DO NOT BUY IN THAT BUILDING.
Don't assume that , in the case of Condo Buildings; the Condo Board of Managers,and the managing agent are honest and ethical. Don't trust the Meeting minutes.
Feel free to check my address on those sites: 150 East 56th Street, in Manhattan. My Building has been mis-managed for years. Check for lawsuits on the Building, too. You'll find all that, and more; at my address. You will then know more about my Building than most of the owners know.