kaizersose
Golden Member
- May 15, 2003
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Originally posted by: Armitage
Originally posted by: kaizersose
there are reasons that the home prices are so high: climate, natural beauty and jobs.
also, if you look at home prices i doubt that there has been a 10 year block of time in which the prices went down. so yeah, they cost a lot, but you look at it like an investment. sure you can buy a mansion in po-dunk nebraska for $100,000, but what's it going to be worth in 10 years? $100,000.
My cousin lost his shirt on a place in Thousand Oaks back in the early 90s. Real Estate isn't always a safe investment, especially in areas prone ot outrageous prices (like much of California).
a bad investment in any market is a bad investment. that said, long term real estate investments have shown themselves to be quite reliable over long periods of time. there is a limited supply of land and no subsitute for it.
