Who said anything about RE, Im talking about everything. Ive got “liquid” assets that are up 20X in 5 years too. Good luck selling those cards, the posted prices are very different than what they sell for and unless graded 9 or above you most likely have nice things to look at. Ive got my share as well. But getting back to RE it is the most important hedge one can have in life. No matter what happens costs are fixed, tax treatment is favorable and ya gotta live somewhere. I would counter that anyone w/o at least an 8 figure net worth has not planned well if they arent hedged with RE. It clears the way to focus on everything else with minimal worry[/quote]
I definitely agree with you regarding RE as a good hedge. But you continue to throw out the tired opportunity of a lifetime line. As if someone’s life is incomplete if they don’t own a tract home in suburban NC San Diego. Sorry, not feeling bad about that. Feeling very good about my gold though.
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Just over 10 years ago you could buy a house in my hood for $750,000 putting $150,000 down. You would have enjoyed 10 years of stability in a wonderful place. Your PITI would now be about 50% of the current rent. Your principal would now be about $460,000 after paying a monthly amount lower than rent for the home. Your home would be roughly $2M so your equity would have gone from $150K to over $1.5M in about 10 years so thats 10X. You are locked into affordability and have created a good amount of generational wealth for you family. If that isnt the opportunity of a lifetime I dont know what is.
Or 10 years ago you could have bought Gold. It was about $1650. Now its around $2,000. How could you possibly feel good about that?
