DEPRESSION, 1929, the stock market fell, industry tanked and we had 25% unemployment. As the depression wore on exacerbated by the policies of Hoover and the government, quietly the stock market began to rise. As the rest of the world came out of the depression quickly,(though how can you tell. It still looks like Europe's in a depression, ok , maybe not...) the US struggled on.
Hah. History lesson postponed for an important infomercial... Buy Stock Now! Buy Real Estate Now!
Why?
Because it's cheap! and you're not going to see deals this good for a loooong time.
Just when the economy is "tanking" and oil, real estate and the Dow Jones are in a major slump, everybody's talking about slowing down or saving their money. Anyone with an IRA or 401k needs to max that out now-- Put as much in as possible because it's only going to go up.
And just so you know.. you can actually roll your IRA into real estate---cool huh?
So, you have just put everything you own in the stock market and real estate. 10 years from now, the real estate has doubled. And if you had a couple of houses on those properties... and renters... you've just made off of 2 houses a profit of about $400 X 12 Months = $4800 x10 years = $48,000 for holding property. And that $150,000 house in Houston in 10 years went to $300,000.
California is in a better position. All of that property has depreciated majorly and is close to bottom, if not already there.
So all of this opportunity is out there... Waiting... Why R_U ?
Be Conservative, Be Bold, Be Positive, Opportunistic, Ruggedly Individualistic. Go out and Buy!
But don't take my word for it. Look up the stock market trends in the '30s. Look at real estate values for the past 50 years. Timidity gets you nothing. Those who seek out opportunity find it.
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