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Old 03-24-2011, 08:30 AM
 
Location: Austin, TX
4,760 posts, read 13,827,101 times
Reputation: 3280

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Quote:
Originally Posted by chris_ut View Post
"The following blog post was written by James Altucher, managing director of Formula Capital". This guy is supposed to be some kind of investment executive and didn't do any research up front before apparently getting wiped out in real estate, then cries about it on his blog? Let me hurry up and invest my money with his company.
Ha, that made me chuckle. Tried to give you rep but I got the "have to spread rep around" message.

Anyway, people might be listening to anti-home buying advice:

New Home Sales Dropped to New Historic Low in February - Daniel Indiviglio - Business - The Atlantic
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Old 03-24-2011, 03:25 PM
 
12,671 posts, read 23,806,411 times
Reputation: 2666
Quote:
Originally Posted by emirate25 View Post
According to Trulia, if you punch in some #'s. Invest your money in the stock market, you will actually come out way ahead as far as profits go.

Its very expensive to own a home regardless of the price.

If you have rental income, thats another story.
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Old 03-24-2011, 03:30 PM
 
12,671 posts, read 23,806,411 times
Reputation: 2666
In the long run, you will end up throwing less money in renting in actually owning a home! The stock market investment will make up for all your losses fast.
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Old 03-24-2011, 03:39 PM
 
2,277 posts, read 3,960,467 times
Reputation: 1920
Quote:
Originally Posted by Texas User View Post
The stock market investment will make up for all your losses fast.
Did you just get in from the year 2000?
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Old 03-24-2011, 06:10 PM
 
12,671 posts, read 23,806,411 times
Reputation: 2666
Quote:
Originally Posted by Lost_In_Translation View Post
Did you just get in from the year 2000?
January of 2007. I kept buying and buying while others while dropping out. Got my money's worth.
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