Lil D and I are saying exactly the same thing. She's right.
You see, I am one of those pretty conservative investors. You know the type. Stocks with a long uninterrupted dividend paying history. Stocks that go up and down like all the other stocks. But the check is always in the mail. (Well, at least it has been so far. But who really knows?) I am boring in the money department. To me, a cash investment in real estate is just that, an investment. So I view it like I do any other investment. Pretty conservatively.
When I write about this kind of thing, I always say that I ask myself, "What is the cost of sleep in this one?" I really do that. And it sounds like the rest of you do, too. It's just that sleep costs vary.
I am going to put a link here because some might find it interesting. This link will give you the news history of the Erpenbeck scandal that happened in Northern Kentucky awhile back. After reading about this mess, I knew that I would always buy title insurance. Cash buyers who did not were in for a long, rough ride.
This is a disclaimer, like the ones you hear on television, so I am typing really, really fast so listen closely. This link is for educational purposes only. This link has nothing, I repeat NOTHING to do with TV's developer. This link "don't say nuthin' bad about The Villages." (You have to sing that part or you will think I am using bad grammar.)
If you have read and understand the disclaimer above, and you have signed it, and you are interested in reading about a home title nightmare, click away.
http://www.enquirer.com/erpenbeck/
(Oh and this link tells you more than you ever wanted to know about this thing. But I thought I'd put it out there anyway. Actually, just reading the titles of the many articles included in the link can be an education in itself.)
Boomer