Quote:
Originally Posted by muthisdev
You're assuming that you can rent a property out for what what the mortgage on it is.
It didn't work that way in 2008. Depending on the area, there were places where house values were 1/3rd of what they were in 2005. So you'd be taking a bath just by letting someone live there. I have friends with horror stories.
Question is if this sort of thing will happen again. My guess is yes. Especially if there's more deregulation.
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When the tech bubble pops, everything is going down with it. It's going to be bad.
Sitting on something hoping it goes up is not an investment. It's speculation. Crypto is full of this.
If you are a speculator, have a blast, but don't lie to yourself.
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