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Originally Posted by DrinkingHard
Lars you gonna start dumping all that real estate you have or are you going to hold on for a while longer?
Man, if I was in your market I would be dumping like a drunk guy after a night at a mexican taco stand LOL! ;)
DH
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no I am holding but I am not buying more..
the issue is I think we will see a 10-20% drop.. like we did in 1989.. how many people were in real estate back then i was.... 10 years to break even... and it dipped 10-20% I think we will see the same thing.. not a huge crash but ... a decline for sure.. The problem is Porperty taxes.. I am locked in at low property tax values... what else would I do with the money ? I already have so much stock it makes my head spin.. so I figure sit on the houses till they are all paid off and just suck money off the cash cow.. and sell them when i am 70 or leave them in trust to my kid. Plus I bought all this shit in like 2000 so I already have a nice number of years into them. they are not flippers...