Monday, October 23, 2006
real estate-most will win
I here so much in the media how real estate keeps on falling and from other people that many will lose their shirt. But reality is, only the gambler and a few unlucky ones will lose in the end. Obviously some of the flippers are just gambling and some will win, and some will lose. The other ones that will lose is people who unluckily bought at the top and have to sell sometime soon because of a job change or other circumstance. But most average joes are in for the long-term and already have some equity and will do fine. It's similar to the tech bubble. Obviously some lost a lot, but they were mostly gamblers buying stocks they didn't know anything about. The long-term divserified investor should be doing very well in this strong bull market.