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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,308
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I really LOVE the idea of buying in front of development. If you can predict where things are moving, you will have a total gold mine over the long term.
Comparison- the S&P500 returned 10.x year over year from 1990 to 2023 (I think!). Not awful by any means.
I have an apartment investment that has increased my equity 5x in 6 years. Not without some serious hassles and virtually zero cash back to me- it was all reinvested. I use a manager for this. And, we bought in a very opportune location at a great time.
Future? If I was brilliant and could read the future, buying land is great. Also warehouses with NNN leases is appealing but I am somewhat ignorant about this.
Summary: buy what you know. I go by the “a fool and his money are quickly parted “ theory. Meaning- don’t be a fool.
Good luck!
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