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| Imzadi |
 Posted: Thu Feb 10, 2005 2:50 pm Post subject: Buying real estate vs. stocks? |
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Investing Associate
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| I heard it is better to invest in real estate nowadays (after 9/11) than stocks as so many lost their shirt after 9/11. Is this really true or just a fallacy? |
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| drmikedogg |
| Posted: Thu Feb 10, 2005 6:35 pm Post subject: |
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Investing Associate
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Depends on how much money you have.  |
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| Imzadi |
| Posted: Thu Feb 10, 2005 9:54 pm Post subject: |
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Investing Associate
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| drmikedogg wrote: | | Depends on how much money you have. |
Why should that matter? I know people who invested what little they had in stocks before 9/11 and now have no retirement fund left. I know others who had a lot of money & lost most of their investments. It only takes another terrorist attack to wipe out what's left. |
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| fladoozle84 |
| Posted: Sun Feb 20, 2005 12:00 pm Post subject: |
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Investing Sr. Associate
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| Real estate takes a little more money going into it then just general stocks. My parents have started in real estate (they were the "lost their retirement savings" crowd) and are quite excited. |
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| paula0000 |
| Posted: Mon Feb 21, 2005 3:50 pm Post subject: |
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Investing Manager
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| I know so many who have made great $ in real estate. I'm just more scared to take the plunge of being responsible for a 2nd property (besides my principle residence). |
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| fladoozle84 |
| Posted: Mon Feb 21, 2005 5:02 pm Post subject: |
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Investing Sr. Associate
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| My parents rent out their second (and third) properties to pay the morgage. |
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| jeepgirl30 |
| Posted: Tue Feb 22, 2005 5:57 am Post subject: |
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Investing Sr. Associate
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| Dh talks about getting rental properties however he is so Tim the Toolman and can not even change a lightblub! I am too afraid of repair costs, upgrades, and bad tenants. |
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| mrsboz |
| Posted: Tue Feb 22, 2005 9:32 am Post subject: |
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Investing Sr. Associate
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| YOu never know what will happen. The stock market can fluctuate just like home prices can. They always go up and down. My house that I am in now has doubled within the last nine years but you never know what will happen. I had a second house before and hated the thought that something could go wrong. She called many times with things that had to be fixed and since we don't know how to do it we had to pay someone to do it. If you know how to fix things up yourself it is probably a good idea if not it isn't much fun. |
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| eagertolearn |
| Posted: Tue Feb 22, 2005 10:02 am Post subject: |
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Investing Sr. Associate
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My brother purchased a condo in a gated tennis community in Florida and then rented it out for an astronomical amount each month before eventually moving into it himself.
If you were to ask him, he would definitely say that real estate is the best way to go. His girlfriend lost half a million dollars in the stock market!  Now she too invests solely in real estate. |
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| Leighla |
| Posted: Tue Feb 22, 2005 3:41 pm Post subject: |
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Investing Associate
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| I think it's a smart way to go. As long as the location, location, location is good or even has potential you are onto something. It's somewhat of a risk, but not as risky as the stock market. |
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| eagertolearn |
| Posted: Thu Feb 24, 2005 1:56 pm Post subject: |
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Investing Sr. Associate
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| If you're going to invest in real estate the rule of thumb is to buy the WORST looking house in the BEST neighborhood. Bring it up to par and you'll have a sure seller! |
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| wallace6 |
| Posted: Thu Mar 03, 2005 9:12 am Post subject: Real Estate vs. Stock |
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Investing Sr. Associate
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| We do both. We own rentals and have a stock portfolio. Real estate takes more of your time. |
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| paula0000 |
| Posted: Thu Mar 03, 2005 3:10 pm Post subject: |
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Investing Manager
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| I have heard the same thing as "eagertolearn". Go for a good neighbourhood and fix up the smallest/worst looking house. |
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| trixiezzz |
| Posted: Thu Mar 03, 2005 6:11 pm Post subject: |
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Investing Manager
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| Imzadi wrote: | | I know people who invested what little they had in stocks before 9/11 and now have no retirement fund left. I know others who had a lot of money & lost most of their investments. It only takes another terrorist attack to wipe out what's left. |
I don't understand. We have several stock-based retirement funds and none of them was wiped out after 9/11. Are you saying this applied only to some people or all people? The stock market has consistently made at least 10% to 12% average returns for every decade, including the depression. Are you talking about the short period of time immediately after 9/11? There were probably more people who lost their retirement savings from the collapse of Worldcom than from 9/11. |
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| wallace6 |
| Posted: Mon Mar 07, 2005 11:30 am Post subject: Stock vs Real Estate |
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Investing Sr. Associate
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| The tax savings can be significantly better with real estate than stocks - unless you are talking about your IRA. |
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