How Does Real Estate Seem Like A Good Investment in 2008? Part 2
November 20th, 2008 • Related • Filed Under
We saw in the first post that the Dow Industrial average is down 44 percent in the past 52 weeks. That is trouble enough.
But imagine being long in Oil?
Oil dips below $50 a barrel on New York exchange for the first time since reaching record high of $147 in July. via CNN
You would be down 66 percent.
Maybe real estate is still a brightspot in the economy even with the drop in prices.
It was just ahead of it’s time…
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
Comment by Carmine Tutera, Street Wise Investments Inc. on 20 November 2008:
Not only is real estate a bright spot it should be a part of everyone’s IRA and 401K account because of the following*:
1). Nobody can inside trade your property*
2). No one can fake the balance sheet*
3). No one can fake the vacancy on your commercial strip center*.
These are just a few reasons why commercial real estate should be a big part of your overall investment strategy.
*Takes into consideration that you take an active role in your “own” investments and don’t hand them over to someone who just wants to suck off you (like a management company).