Quote:
Originally posted by Nicky
if u wanted to make a good deal at gold u should have bought 3 years ago, the money is in real estate.....
|
Yes, that's exactly where it's at. The real estate market has been red hot for the past few years, interest rates have been historically low, buyers have overextended/leveraged themselves (by buying more house than they can really afford, and by refinancing their homes), and if the interest rates start to rise in sharp increments like predicted (to keep foreign countries invested in US T-Bills), there will be a lot of good deals to be had as people bail, out or loose their homes.
On the flip side, if you hold real estate in your portfolio and inflation rises, you will build equity quite quickly!