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Re: fung_derf post# 143

Thursday, 09/20/2018 12:31:09 PM

Thursday, September 20, 2018 12:31:09 PM

Post# of 193
The real estate industry, the banks and the government conned a lot of people, often youngsters, into thinking home ownership is a golden cow. "Buy now before it's too late." You saw what that led to in 2008 in places like Las Vegas and Florida.

I had a neighbor who moved from Las Vegas to my city. He still owns three homes there... all of them deep underwater. Plenty of IHUBers were RE flippers back then. Most disappeared by 2010.

Yields on apartment buildings nowadays are too low to interest me. Yep, repairs and tenants.

Much to be said for living in a nice apartment building.

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