Real estate?? Tell that to anyone who bought prior to 08, and anyone who’s bought in the last 24mo. When these prices re-correct (and they will) people will be underwater on value for a decade or more. I can’t say I agree - I’m a “little guy” and I’ve made shit tons of money from the stock market before I even hit my early 30s. The last 5 years especially, but buying into the bottom of 2009 helped.
Timing is indeed everything. I bought several houses in 2005 and 2006, back when they were giving out >100% LTV mortgages like candy. Then moved and bought again at bargain prices in 2009 after the 08 crash. Now in my primary home since 2014. All along I kept those properties and am making decent returns. Real estate has worked out for me, but everyone's situation is different.
Real estate?? Tell that to anyone who bought prior to 08, and anyone who’s bought in the last 24mo. When these prices re-correct (and they will) people will be underwater on value for a decade or more. I can’t say I agree - I’m a “little guy” and I’ve made shit tons of money from the stock market before I even hit my early 30s. The last 5 years especially, but buying into the bottom of 2009 helped.
Timing is indeed everything. I bought several houses in 2005 and 2006, back when they were giving out >100% LTV mortgages like candy. Then moved and bought again at bargain prices in 2009 after the 08 crash. Now in my primary home since 2014. All along I kept those properties and am making decent returns. Real estate has worked out for me, but everyone's situation is different.