Sort by time | Sort by thread (beta)
- Your queue is empty. Add videos to your queue using this button:
or sign in to load a different list.
Loading...Saving...
Loading...Saving...
Paulson is stupid. Look at where the economy is headed.. the housing market is only destined to get worse. If you own one home and the value of that house isn't growing and isn't expected to grow (considering the fact that the American economy can only get worse when it defaults on one of its loans..which it will)... you're telling me that in spite of growing unemployment and a restricting economy, home values will increase? How stupid. What economics book is that in?
dwinklet 4 months ago
@dwinklet Real estate is not a short term investment. If we all had bought in 2001, we would not be having this conversation. I know people who bought 10 houses prior to the boom, sold during the crash and still made serious money.
stnoyes1 4 months ago in playlist More videos from stnoyes1
@stnoyes1 Of course, real estate is not a short term investment, but I don't think it's in the realm of full-disclosure to show this video as a form to advice without considering the long-term direction of the economy either. I doubt the avg. person buying a home is looking to wait 10-15 years just to get an ROI of 2k/year.
dwinklet 4 months ago
@dwinklet It is very possible for homes to be oversold in the near future. So, it's a good time to buy, since rates are at historical lows. I wouldn't dismiss a guy who made 20 billion betting against the housing market so easily. Nothing goes down or up forever. A house is still value, in that you don't have to live on the street or pay rent.
626718 3 months ago
Some may, some may not. Depends.
However, with so many different types of loans, buyers would not have to put out that kind of money. We are in a Military area, and VA is used heavily. So, not only is it cheaper to invest in, it is a much better return on the money.
In fact, about 2 months ago, Bank of America (I know), was offering a 5% down payment for investors vs. the normal 20% down on VA foreclosures.
stnoyes1 1 year ago
Buying a home in 2011 may be good advice. But comparing stock investment vs. real estate investment... um I'm pretty sure all youtube viewers aren't sitting on 30-40 thousand dollars wondering what to do with it
Pimpjit85 1 year ago