[quote=bearishgurl][quote=harvey]. . . But please – just for entertainment value – do tell us how we are supposed to save for the long-term without using the investment markets.[/quote]
A suggestion was made earlier here (AN?) to do “CD laddering.” That’s one way. Another way is rental houses. I’m not talking about highly-encumbered ones (HOA/MR). I’m talking about buying a fixer-upper, spending 30-60 days in your off hours to clean it up and then leasing it. Got $150K?? There are plenty of places in SD County where one could buy a house which, after fixed up a little ($5-8K + elbow grease), one can make a steady $1300 – $1600 mo off $160K ($150K purch + closing costs + fix-up $$). Know anywhere else you can do this??
Afraid of getting off the fwy and looking around? Bone up on your “people skills” a bit, pri ;=]
It’s doable.
I wouldn’t have thought so just a year ago.[/quote]
Confused here…
A few weeks ago when were talking about Mira Mesa, I recall you were telling folks how horrible idea was to be buying rental property in Mira Mesa or investing in Mira Mesa at this point because prices were so high.
But now you’re suggesting folks pick up rental property, right now… when inventory is close to 0, when multiple people are bidding on rental properties and pushing the cash flow-ability(I know not such a word) up and up?
Or suggesting a CD ladder right now, at a time when interest rates are at a historic low, for which people are going to be locked in for some time….
I don’t get this….
I think there is one fundamental point that’s not being grasped here.
