[quote=FlyerInHi]to be fair, back in 2009-2011, a lot of people though that we bailouts and QE, the economy would crash to a lower bottom. Some people still argue that the reckoning for our financial sins will see the economy sink to a depth heretofore never seen.
There’s a huge difference between investing for returns and buying a house to live.
BG, you’re off the mark. You let your likes dictate your opinions. I’d be surprised if your kids in SF haven’t said that you’re old fashioned.
The guy and his wife who died in the plane crash a few days ago, were real estate developers in Rochester, NY. They began finding opportunities there in 1970s when people were abandoning the rust belt city.
To make money in real estate, you have to anticipate the trends. If your lifestyle corresponds to the trends, then all the better; if not, real estate investing will be more work for you.[/quote]
As others have mentioned–that’s so true. Back in the 90’s we bought investment properties in Carmel Valley and other so called “unlikely” places, at the time–never really imagining to what extent things would eventually take off.
In the past few years, we’ve been doing the same with film investments. Lots of people told us we were crazy to get involved, but, so far, we’ve had more wins than losses.
Lots of times you really don’t know how much you will lose or gain going in, but, if you choose to roll the dice, “educated guesses” can pay off.
