patrick.net

tatupu70 says

You're even dumber than I though if you believe that real estate is a paper asset.

The way he talks, it's just toilet paper.

What do you mean real estate is over priced???

Ironworker says

I believe it will go down, not much, for very brief period of time before it goes up again. Maybe 10-15% in SF Bay Area.

The difference is that it will be a buyers market and buyers will have little, little, little more to chose from and little less competition.

Then here is an idea - move away from the SF area.

Ironworker says

The fact is we all who didn't buy in 2011-2014 are regretting it. I'm one of them.

It was oportunity of a lifetime we probably won't see anymore.

Agreed, we bought in 2011 (in Houston) and the house has more than doubled what we paid for it. By the same token, if we sell the stuff that is out there now is too expensive for us. Guess I'll wait till it triples in value.

DooDahMan says

mmmarvel says

Guess I'll wait till it triples in value.

Has it done so now ?

My shack is almost there if we are to believe Zillow. All in less than 10 years. It can't last - not with my fucking luck.

Corporations pay way less taxes than individuals. RE game is unfair and corrupt when corporation competing with individuals. Take for example 1978 prop 13, corporations keep original entities to continue tax basis when acquiring and pay almost zero property taxes.