You always make money buying real estate...... I thought I heard that some time ago before....
Oh ya, I remember, it must've been in the states back in 2008.
LOL
Yeah, you might make money if you invest long term on a 10 year span... if you can survive through -ive value of your real estate tho.
I'm not saying not to buy real estate as an investment. But if you buy with the expectation that you will 'always make money'. Then you seriously just shouldn't invest PERIOD. All investment carries risk. Herd mentality bubble carries the highest risk. Leveraging (mortgage/margin, really the same stuff) on these bubbles are essentially suicide.
This topic has been beaten to death before. If you need a place to live, check twice on your personal circumstances and see if rent or buy is a better option. Do not be misled that buying is ALWAYS better than rent. Do the math and make sure it's the case for your personal situation. Herd mentally have killed lots of people and it can just as easily be you.
Oh, and... don't leverage unless you can bear the worst case scenario. Good luck. |