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Originally Posted by dig420
buying a house or several is one of the safest investments you can make. I have a bunch of money in a Vanguard mutual fund that isn't giving me nearly the return as the appreciation on the house, and like butthole says, if you can make the mortgage you can ride out any storm until the value returns.
lose your ass in the stock market and it's just gone, it ain't coming back.
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i agree with most of that you say. But there are some analalysts that say hot areas could be cut in half or even more. The unprecedented run-up had zero to do with fundamentals, and all to do with reckless lending and WW2-era interest rates. this could dwarf any previous real estate bear market by orders of magnitude.
but seriously - HOPE i'm dead wrong.