Skip Navigation

Should I buy a flat in NYC or keep investing in a real estate ETF?

Started by mrvibe
over 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
over 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.

Ignored comment. Unhide
Response by dwell
over 16 years ago
Posts: 2341
Member since: Jul 2008

A flat? that's posh. A RE EFT sounds better than a Nigerian prince.

Ignored comment. Unhide
Response by basicinformation
over 16 years ago
Posts: 82
Member since: Oct 2008

which ETF did you invest in exactly ?

Ignored comment. Unhide
Response by falcogold1
over 16 years ago
Posts: 4159
Member since: Sep 2008

Unless that Nigerian prince is in possession of................................an uncola nut.

Ignored comment. Unhide
Response by looking2return
over 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!

Ignored comment. Unhide
Response by glamma
over 16 years ago
Posts: 830
Member since: Jun 2009

don't be a wanker...

Ignored comment. Unhide
Response by mrvibe
over 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...

Ignored comment. Unhide
Response by Topper
over 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!

Ignored comment. Unhide
Response by gcondo
over 16 years ago
Posts: 1111
Member since: Feb 2009

you can buy my flat if you want

Ignored comment. Unhide
Response by Truth
over 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.

Ignored comment. Unhide

Add Your Comment