I wholeheartedly agree with you that being responsible seems to go unrewarded in a sense.
I guess I turn to real estate because I believe that although they can manipulate the RE market…it is to a lesser extent of the other markets. I truly get frustrated because I want to learn more about everything you mentioned above in order to make smart decisions with my money. However, when I read your post above it seems like you really know what your talking about and you end up with the same frustration because it does not make sense for them to do what they do.
Just like any other 33 year old I just want to provide for my family and get a decent return for my hard earned money so that one day I do not have to work so hard and can spend more time with my family as opposed to 80% of it working to provide for them.
Having a lot of family in Real Estate I was always amazed by how much my grandparents originally purchased property for, but when I talked to them about it they would always say, “that was a lot of money back then.” So I figure I’m going to try and buy property the way they did and hope for the best.
I feel like a stock or any other investment can go down to $0 without me doing anything wrong except not selling it in time.
A home can always provide a roof over someones head and even with the uncertainty of going up and down…it is always worth a certain amount per month.
I have a lot of respect for a lot of the people that contribute to this blog. I appreciate you bringing up this topic and know there are smart people reading this and would like one of them to tell me I’m wrong and I should do something else with my money because I know leaving it in the bank is not what I intend to do.
