patrick.net
An Antidote to Corporate Media
1,364,910 comments by 15,738 users - AD, FortWayneHatesRealtors, The_Deplorable online now
« First « Previous Comments 89 - 90 of 90 Search these comments
B.A.C.A.H.
@
2012 Sep 16, 4:10am
Case and point... I sit at the family table at dinner, and the topic is real estate investment.
What's not Cool and Hip right now? What will your oh-so-smart people laugh at you with derisive comments and derisive smirks about? That's probably the best investment/savings vehicle right now. I don't "know" what that is, but I "think" it may be cash.
ELC
@
2012 Sep 16, 4:31am
I don't "know" what that is, but I "think" it may be cash.
The rate of return reflects the amount of risk. Cash yields nothing because it is the best investment out there. "Waiting patiently" is the best investment right now and the interest rates reflect that.
« First « Previous Comments 89 - 90 of 90 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