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re: Stock market vs real estate
Posted on 3/2/13 at 12:29 pm to siliconvalleytiger
Posted on 3/2/13 at 12:29 pm to siliconvalleytiger
I had to make this decision 25 years ago. A wise man told me 'Zach, people are naturally attracted to water. It's where we came from."
So, I bought undeveloped lake front. Best decision I ever made. I would not trust my own judgment on buying real estate unrelated to water.
I've done well with stocks by going blue chips buy and hold with Drips.
My next door neighbor made his fortune buying cheap foreclosed property and renting it. He's a slum lord. I couldn't take the stress.
So, I bought undeveloped lake front. Best decision I ever made. I would not trust my own judgment on buying real estate unrelated to water.
I've done well with stocks by going blue chips buy and hold with Drips.
My next door neighbor made his fortune buying cheap foreclosed property and renting it. He's a slum lord. I couldn't take the stress.
Posted on 3/2/13 at 12:36 pm to Zach
quote:
My next door neighbor made his fortune buying cheap foreclosed property and renting it. He's a slum lord. I couldn't take the stress.
During the housing crash, NPR had a news story about Harvard graduates who pooled their money, bought foreclosed property from people who were underwater but had jobs and just renting it out to the original tenants. Peak market 600K$ house they got at 400k$ and their tenants pay pretty much the entire loan per month. Supposedly they made an absolute killing.
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