I believe housing is a good investment & in unicorns
Started by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
and leprichans, fairies, santa clause and bigfoot!
And I do not know how to spell
You have an interesting belief system. The list of things you don't believe in appear to include dictionaries, spell-check, grammar and syntax.
And I believe you might be an idiot
I guess we can add cleverness, humor and good taste to the list of non-beliefs.
over time real estate has been pretty much been the best investment you can make.
"over time real estate has been pretty much been the best investment you can make."
Yes but it depends not only on the *type* of investment also the *time* you make the investment. Stocks are good over time too, but if you bought when nasdaq was at 5000, you won't get back your money until 2050.
so what do you think is a GOOD investment?
Gold
Comic books
"Yes but it depends not only on the type of investment also the time you make the investment."
Of course, but the original post didn't make that distinction, just made a general comment that real estate was not a good investment. He/she may well have mean "now" but didn't say so. In any event, people have been saying the same thing, bubble will burst, no money to be made on real estate, for quite awhile. I sold in 2000 or 2001, made a nice profit, didn't get around to finding a place to buy, so I rented for 2.5 years, wasted a TON on money, spent about 100k in rent while the place i almost bought for 825k was probably worth 1.5-2 times that 2.5 years later. Then I bought in mid 2003, paid 795K, worth probably 1.2+ now. Will now be the time when buyers get hurt (at least in the short term)? We'll see. People should remember there are still places in the world that are significantly more expensive than NY, not saying the market will go up, but some act like it simply can't.
I remember when friends told me I was crazy to buy an Oceanfront lot in Hawaii for
150K...... :0)