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Originally Posted by SleazyDream
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Right now I own three homes and one lot of land. I live in one and rent the other two out and then am sitting on the lot for a few more years and then I am going to build on that and move there.
I am also looking at buying two more properties this year. More rentals. With the way the market is and still going, I don't see the bubble bursting like a lot of people do, even if I am a little upside down on the rentals the equity over time will pay off the difference and then some.
Reason I don't see CA's bubble bursting is that there are too many investers right now. Everyone is still scared shitless of the stock market so their money is going into more homes. There are tons of people that I forsee getting themselves into some huge trouble being over extended and losing their homes to repo. But there are tons of investers just waiting to gobble those up too.
If you live in CA right now. Buy something, anything, do whatever you can to get a piece of property.
My advice for the day.
I have other investments also that I place cash into and let that grow which are much more basic and simple. Have to diversify you know!