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FortWayne
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2012 Aug 30, 7:50am
Most of my stock purchases more than doubled in price over the year, I don't think any RE would have done that for me.
You can go buy something in Phoenix, it's still cheap. But it's cheap for a reason.
Dan8267
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2012 Aug 30, 7:53am
You can go buy something in Phoenix, it's still cheap. But it's cheap for a reason.
One word: Detroit.
I don't see prices rising in the long-term in any sun-belt area. Those areas are still higher priced than pre-bubble.
BayArea
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2012 Aug 30, 8:19am
Most of my stock purchases more than doubled in price over the year, I don't think any RE would have done that for me.
You can go buy something in Phoenix, it's still cheap. But it's cheap for a reason.
Freedom 1789-2012
If you said the dow, nasdaq, or the S&P500 doubled in price over the year, that would mean something to all of us. Your stocks selected by you specifically, not so much meaning there however.
And yes, I guess everyone knew that Tom Cruise is gay. But as a Top Gun fan, sometimes I have to pinch myself even though I knew for quite some time myself.
uomo_senza_nome
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2012 Aug 30, 8:20am
Most of my stock purchases more than doubled in price over the year, I don't think any RE would have done that for me.
You'd do better to kiss goodbye to the stocks when they are at a multi year high to ensure you don't lose gains due to volatility. ;)
I don't think any RE would have done that for me.
Investment RE is a different beast. It requires a lot more work than sitting online and issuing buy/sell.
Stocks and RE mostly levitate together, with an edge for stocks as you can sell them with a mouse-click (and set automatic stops).
Dan8267
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2012 Aug 30, 8:30am
And yes, I guess everyone knew that Tom Cruise is gay. But as a Top Gun fan, sometimes I have to pinch myself even though I knew for quite some time myself.
Top Gun wasn't a give-away?
I wonder how many men would have joined the navy had they seen that trailer.
BayArea
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2012 Aug 30, 8:50am
Got me!
I think I may have seen that movie before I knew what gay was. The signs are certainly there, lol.
I don't get it. What makes you think Tom Cruise is gay? He's been married three times. And he got Katie Holmes pregnant so you know he was porking that little pixie with a vengeance. Sounds like a player.
Biff
BayArea
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2012 Aug 30, 9:26am
I don't get it. What makes you think Tom Cruise is gay? He's been married three times. And he got Katie Holmes pregnant so you know he was porking that little pixie with a vengeance. Sounds like a player.
Biff
Right because married guys never turn out to be gay
curious2
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2012 Aug 30, 10:08am
What makes you think Tom Cruise is gay? He's been married three times... Sounds like a player.
Actually it sounds like he still hasn't found what he's looking for, so he hides in a cult. Oops I shouldn't say "cult" - Scientologists react to being called a cult the same way Tom Cruise reacts to being called gay. Hmm, maybe there's a reason that explains both.
PockyClipsNow
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2012 Aug 30, 10:13am
The federal reserve is forcing us to buy up the RE.
CD pays 1%
STOCKS=scary
BONDS=pay crap/scary
This leaves real estate.
curious2
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2012 Aug 30, 10:58am
The federal reserve is forcing us to buy up the RE.
Yes, they call it "helping homeowners," but really the beneficiaries are the FIRE industry that lobbied for it. The "robo-signing" settlement was an especially generous gift, allowing the perpetrators of a criminal fraud to go unpunished while bank shareholders and taxpayers "helped homeowners" by forgiving uncollectible debt that the creditors should have had to mark to market anyway. Whenever politicians say they are "helping homeowners," they are expressly using everyone's government to make most people worse off, especially savers and young people trying to buy their first home.
The LEFTIES are always preoccupied on WHO is GAY and how to OUT them out into PUBLIC .. Its so pathetic!
Rin
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2012 Aug 30, 12:26pm
Right because married guys never turn out to be gay
Ok, so if a man is married and has documented sex with his wife, then he's still potentially gay? I don't know about you but that's really a lame gaydar, if I've ever seen one. Perhaps Tarot cards or a Ouija board may get you better answers.
Comments 1 - 15 of 90 Next » Last » Search these comments
You could not find a better investment between mid 2010 through the end of 2011 than low end real estate. Relatively low prices, record low interest rates, and the fact that the mainstream had not yet been fully let in on the secret. For the smart ones (or lucky ones for that matter) that got in during that time, congrats on the move.
Fast forward to 2012, inventory has reached inexplicably low volumes, prices have surged, and the secret about real estate investment is out.
Case and point... I sit at the family table at dinner, and the topic is real estate investment. I go to lunch with co-workers, and the topic is how to become a slum-lord. I go bowling with some friends, and everyone is talking about buying up low end real estate to rent out. I cannot believe what I am experiencing. It's like everyone with a stable job is all of a sudden a real estate investor. It's not just for the upper class anymore. My secretary bought a damn rental property this year in the Bay Area for gawd's sake!
It will be interesting to see what happens after the election and how real estate responds.
Don't get me wrong, with the rental market also surging, real estate is still a good investment today, but it was a great investment 12-24 months ago.
Waiting patiently...
#housing