Quote:
Originally Posted by BrianL99
I think I've read at least 20 posts in this thread, making the argument that no matter what pay for your home in TV, it's going to be a "great investment" and you'll always have sensational, market-defying appreciation.
For all who buy into this nonsense, he's a little history lesson.
Tulipmania: About the Dutch Tulip Bulb Market Bubble |
I don't expect market defying appreciation. But real estate has always been a pretty good investment. Save for a short time around the 2008 crash it usually beats the stock market. Even in 2008, if you could stick it out a couple years you still made out. Only people that got burned then had sub-prime mortgages that went variable and they couldn't afford their payments.