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Originally Posted by look 171
BTW, I agree with RL, but the investment is much higher then buying a 50-60k car so the risk is greater.
How's are homes moving up in your neck of the woods? In socal (certain parts, but LA is still on fire), the market has not slow up much. This time of the year is typically a bit soft for a couple of months but buyers are still buying.
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Inventory is very low here (Northern NJ) in the $500k - $850k segment, as well as in other segments. Many of the homes for sale have been on the market for 6+ months, and they are not in desirable locations, and/or they need a lot of updates.
It is like going to an apple orchard that has been picked clean, save for a few apples that are hard to reach, have fallen to the ground, or are just plain rotten.
I sold my home last year (2014) - listed at the end of March, accepted an offer in Auguest, and closed in September. Haven't found anything that meets our requirements and needs. In my area, the RE market picks up in the spring, so until then, Mrs. Z and I are waiting it out in a little 1 bedroom apartment, with all our furniture and possessions stuffed into a storage unit...
Back on topic, regarding investing -- if you are in RE long term, the investment can be better than the stock market. If you are in RE short term - it is riskier, but can still pay off well, if you are wise in what you are doing. In my case, I lived in my home for over 20 years, and the value increased by 100%. Not a bad ROI...
-Z-man.