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Old 07-01-2019, 07:52 PM
 
Location: Rust'n in Tustin
2,188 posts, read 2,381,850 times
Reputation: 3864

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Quote:
Originally Posted by cheapdad00 View Post
Darling son or dear son
You must be joking?
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Old 07-01-2019, 07:58 PM
 
Location: Central IL
15,213 posts, read 8,518,332 times
Reputation: 35606
Quote:
Originally Posted by ysr_racer View Post
And I've bought stocks that went down, what's your point? But rental properties pay you monthly regardless of what their value does.

Trust me, in 20 years your home will be worth more. Unless you bought in a crappy neighborhood.
No, I won't trust you - you've made numerous misstatements. I hope your luck continues to hold but be ready.
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Old 07-01-2019, 08:20 PM
 
2,038 posts, read 1,947,008 times
Reputation: 3449
Quote:
Originally Posted by NewbieHere View Post
How much did you lose last year. Up 17%, down 11% last year is nothing to brag about.
The S&P 500 is up about 17% ytd and was down 4% last year, not 11%.
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Old 07-01-2019, 08:39 PM
Status: "Re-edit status" (set 15 days ago)
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
4,152 posts, read 1,892,872 times
Reputation: 3185
Quote:
Originally Posted by ysr_racer View Post
You must be joking?
Of course alternative abbreviations: IS, ID, SS,
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Old 07-01-2019, 09:16 PM
 
Location: Rust'n in Tustin
2,188 posts, read 2,381,850 times
Reputation: 3864
Quote:
Originally Posted by leastprime View Post
Of course alternative abbreviations: IS, ID, SS,
My IB (idiot brother) is a PITA

Whether you look at it as an investment or not, most homes appreciate over time.
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Old 07-01-2019, 09:18 PM
 
39 posts, read 35,547 times
Reputation: 53
Quote:
Originally Posted by ysr_racer View Post
And I've bought stocks that went down, what's your point? But rental properties pay you monthly regardless of what their value does.

Trust me, in 20 years your home will be worth more. Unless you bought in a crappy neighborhood.
Wow, the more you post the more you expose yourself. I bought in a wonderful neighborhood, near an amazing company that relocated me there... At a bad time. It was unlucky and i probably made a mistake as we fell in love with the pool and the school district. Then, that wonderful company laid off 20% of the company (not me) at a terrible time for real estate, and the entire local market plummeted. It happens.
And what does the stock market have to do with your 3 bullet declaration about real estate in California?
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Old 07-01-2019, 09:18 PM
 
Location: Rust'n in Tustin
2,188 posts, read 2,381,850 times
Reputation: 3864
Quote:
Originally Posted by reneeh63 View Post
No, I won't trust you - you've made numerous misstatements. I hope your luck continues to hold but be ready.
You're saying your home won't be worth more in 20 years? Maybe in some Podunk backwater place, but in California it will.
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Old 07-01-2019, 09:19 PM
 
Location: Rust'n in Tustin
2,188 posts, read 2,381,850 times
Reputation: 3864
Quote:
Originally Posted by BadgerNCarolina View Post
Wow, the more you post the more you expose yourself. I bought in a wonderful neighborhood, near an amazing company that relocated me there... At a bad time. It was unlucky and i probably made a mistake as we fell in love with the pool and the school district. Then, that wonderful company laid off 20% of the company (not me) at a terrible time for real estate, and the entire local market plummeted. It happens.
And what does the stock market have to do with your 3 bullet declaration about real estate in California?
And what does your primary home have to do with rental property?
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Old 07-02-2019, 02:36 AM
 
71,515 posts, read 71,694,121 times
Reputation: 49088
i live in nyc and i owned a lot of real estate ... my stock market investments blew away our queens real estate , but manhattan did better because it was a special situation deal . it is all deal dependent ...there is nothing inherently that will make one investment better or worse
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Old 07-02-2019, 05:17 AM
 
Location: Central IL
15,213 posts, read 8,518,332 times
Reputation: 35606
Quote:
Originally Posted by ysr_racer View Post
You're saying your home won't be worth more in 20 years? Maybe in some Podunk backwater place, but in California it will.
Ohhhhhhhhhhhhhhhhhhhhhhhh....I have to be in California? Well, I AM in a backwater according to you.

At one point, I had a home that was up 25% in 5 years....now my current home is about even after 20 years. You're not so smart if you think your crystal ball will always be correct when making real estate moves - remember that pride frequently goes before a fall, in markets and in people!

Last edited by reneeh63; 07-02-2019 at 05:27 AM..
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