Originally Posted by
redietz
Originally Posted by
accountinquestion
Redietz never even considered APs likely have large amounts of money sitting around. He just wants leverage online.
The poll thing is just another product if being a nutbar.
You should probably buy a home with those large amounts of money. Real estate is a good investment some places.
Bought a condo with cash in a very hip area of town just recently.
The question is should I buy another? It may or may not be for cash... (depends on whether I liquidate other assets)
My concern is the areas running out of water. I don't need to explain why but I'm not going to buy a house around Phoenix, LV, and other areas to a lesser extent. Probably keep it in the same state but not necessarily same city. No places on the East Coast and no places close to the coast period.
Home insurance is already becoming hard to obtain in many areas. Inflation keeps going up. Rebuilding isn't going to be cheap. Housing in strategic locations seems like a good plan. No bumfuck TN methville places.
Hard assets (is that right word?) make me feel better than the stock market. Returns may not be as high but I don't really need that much money - just a study supply for a comfortable middle class existence.
My current place I just purchased is right next to a medical school of a flagship school and some other areas. I look out during the day when the parking lot has thinned out. Lots of benzes and mercedes. The higher demand means always higher prices which keeps out all the people looking to save a few hundred in rent. Not everyone can readily come up with $500.
I'm having a $9,000 bed installed. Murphy beds aren't cheap. Everything else in the condo is.