If you have $100k cash, would you buy a house?

[deep-blue-water]

Originally Posted by old biddie

Yes, you would be SOL if you sold now, but if you bought for the long-term, who is to say you would be SOL in five or ten years?
.

in 500 years you might be on top of the world with your real estate purchase

[jimboburnsy]

Originally Posted by Bideshi

Gold's up since my post. How are houses doing?

Getting out of real estate and into gold right now is selling low and buying high. Not great business practice. Just buy $100k worth of whatever Warren Buffet is doing.

[old biddie]

Originally Posted by deep-blue-water

in 500 years you might be on top of the world with your real estate purchase

Another person who knows nothing about business...

[Coldjensens]

Go to Detroit and buy 100,000 houses for $1 each. then sttart a new country

[fairmarketvalue]

Originally Posted by SoCal Bottom Rider

BTW I am not a REA and I am a he. I am offended by your stupid assumptions.
I own 2 homes I purchase PRE_BUBBLE. To make it more clear for you I purchased them
during the last bottom. If I would have listened to the local REA shills out here and came off
the fence prematurely because of their ridiculous scare tactics, I would be SOL now.

This is a shocking disclosure of info that I would never have guessed of you. Own 2 homes that were purchased pre-bubble? Then why, for God's sake, didn't you sell at peak (since you're able to predict the market) and take the money and RUUUNNNN! And why 2 homes? WOW, I don't get it. You have to be the ONLY doomer who supports a "CRASH" that is also a homeowner. Do you live in either one of the 2 homes you own? And are you looking to purchase a third for that "investment" you clearly don't believe in? Remember, houses are not supposed to be "appreciatable assets" according to some. So nothing about your claims makes sense. If you own 2 homes, then I should think you should expect they increase in value over time and since you purchased in the "last bottom", I'm hoping you at least expect to make a profit on those since you've owned them for quite some time. OR should your homes be priced so anyone can afford them because prices are too "inflated"? Just curious. Please let us all know which side you stand. And yes, it's a VERY divided topic. There is no in between. You can't have it both ways.

[Marka]

That would be enough of name calling and personal attacks. This thread is closed now.