I have never considered real estate to be a risky investment. Aside from the bubble-bursting fear, and folks who must expect a ridiculous and quick return, real property is among the best investments you can make. Probably THE best.

We bought two 4-plexes in Scottsdale in Feb of this year for $315k each. They're on the market now at $495k each, the price our agent suggested. We've had one offer, but they didn't like our counter and bailed. I suspect we'll put a few thousand in to spruce it up a little, and maybe drop the price to $480k. In any event, this is far and above my best performing investment ever.

I am interested in Boise, SLC, and am hearing some good things about Kingman AZ. I'll put some of the proceeds into wildly speculative precons, some into another fourplex in a more stable area, and some into a REIT most likely.

Lots of fun! Glad to hear how well you've done in Phoenix, I love stories like that.

I have some Florida land for sale, as well as a very nice bridge in London.

I am in the Cape Coral, Fort Myers area and this trend will not be stopping anytime soon. Even though the residential sales have slowed the business market is still catching up. Statistics show that the business end will not slow until 2009! More consumers more product sales. There is a method to the madness.

Actually, maybe now's a good time to snap up that bridge in London - the dollar's up!