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Title: What to Do?
Source: [None]
URL Source: [None]
Published: Jun 16, 2011
Author: me
Post Date: 2011-06-16 21:41:46 by Lod
Keywords: None
Views: 2220
Comments: 24

A question for you friends - should we liquidate all stocks and bond holdings, and put the proceeds into gold and silver, or real estate, or whatever?

Thanks much.

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#3. To: Lod (#0)

No for real estate, yes for gold and silver. Real estate hasn't hit bottom yet, not even close. When it does, then jump in cautiously, cause the government can easily take your land, but they can't as easily take your gold and silver when they don't even know you have it or where it is.

RickyJ  posted on  2011-06-16   23:25:00 ET  Reply   Untrace   Trace   Private Reply  

No for real estate, yes for gold and silver.

I disagree on real estate. You can go to the court house steps and purchase property on the auction block for 20K under value right now. It's a tangible asset and people need a place to live. Don't forget to run a check on outstanding dues on the property that cloud title and factor that into paying 20K less than worth.

abraxas  posted on  2011-06-17   9:55:05 ET  Reply   Untrace   Trace   Private Reply  

The rentals that we bought, pre RTC in the late '80s for 25-35 cents on the foreclosed loan amount have given us a nice income stream over the years.

In this depression, the real estate in CenTex is not taking the hit that many other parts of our country are experiencing.

My friend in GA recently bought a luxury condo from Fannie for 130K; it was on the local tax rolls at 330+K.

RE is the most localized of any market out there: what's true here, may not be true elsewhere.

I appreciate everyone's thoughts and input here.

Lod  posted on  2011-06-17   12:38:37 ET  Reply   Untrace   Trace   Private Reply  

RE is the most localized of any market out there: what's true here, may not be true elsewhere.

That is true. It's a ripe market here. I have many friends investing, thrilled to buy at $40 and under per square foot with a recap rate of 3 years. They report hundreds of people lining up to rent as soon as it hits the market. I've never bought an ad to rent my properties here, just a sign in the window brings about great tenants.

abraxas  posted on  2011-06-17   13:06:20 ET  Reply   Untrace   Trace   Private Reply  

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