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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Thats why Mother is a Securities Broker...she told me years ago that the Stock Market has out performed RE as an investment. Re is also an ill liquid asset. Whereas Stocks and Bonds are completely liquid as they are priced 24/7. Discussing illiquidity she said there is no way to know the value of RE until you sell it.
However we all do need to live somewhere and that has a COST. We don't live for free, so if that cost is subtracted out, RE will at least return your costs. U also have something that is of value at the end of the day, which U can sell to raise liquidity. So I would be an advocate of being an owner, however I would not be a buyer when a market is overpriced and is giving every indication of taking a tumble.
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"Some Observer"
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