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looking to buy a house...
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<blockquote data-quote="kingOFchester" data-source="post: 479131" data-attributes="member: 11246"><p>You mean owning rentals isn't a sure thing? Next you are going to tell me the stimulus package, with all of its pork, isn't a sure thing either!! </p><p> </p><p>I applaued worthlessdriver for using his/her head and taking some risk. You, or someone else said that the 300k houses are now worth 225k. That would be a 25% decline, which is what I have read as being the national average. The stock market has taken a hit of over 40% since 07. I would rather take a 25% decline in realestate, a tangible asset, over 40%+ decline in stocks. If the housing market drops to a 40% decline, you can bet that <em>Barack Obama Special Inauguration Double Sided Gold</em> coin that the stock market will fall FAR FAR below the 7k level we are at today.</p><p> </p><p>Yes, there is risk in real estate, just as all things in life that offer rewards. Peple have and will get burned. But the bottom line, a good investment!!</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 479131, member: 11246"] You mean owning rentals isn't a sure thing? Next you are going to tell me the stimulus package, with all of its pork, isn't a sure thing either!! I applaued worthlessdriver for using his/her head and taking some risk. You, or someone else said that the 300k houses are now worth 225k. That would be a 25% decline, which is what I have read as being the national average. The stock market has taken a hit of over 40% since 07. I would rather take a 25% decline in realestate, a tangible asset, over 40%+ decline in stocks. If the housing market drops to a 40% decline, you can bet that [I]Barack Obama Special Inauguration Double Sided Gold[/I] coin that the stock market will fall FAR FAR below the 7k level we are at today. Yes, there is risk in real estate, just as all things in life that offer rewards. Peple have and will get burned. But the bottom line, a good investment!! [/QUOTE]
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