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<i>"A QUESTION FOR ALL OF YOU NAYSAYERS:



If you don't invest in real estate, what is your optimal choice for long term investing?"</i><p>


I am a bit unsure of the definition of naysayer, but I would not characterize folks who think there are better investments than real estate right now as naysayers. We may be saying nay to re, but are saying yea to renting and investing in other asset classes for the time being.<p>


Real estate is my favorite asset class and has brought me the greatest gains, but right now I think we are five years into a twenty year commodity bull market. I am presently watching WM, DSL, and CROX for shorting opportunities. I have been telling the folks in here for a couple of months to buy gold, but it seems that line of thinking is just giving me a rep as a nutter.
 
<p>I must tell all of you that this has been the best message board. I enjoyed talking to all of you about the real estate market. I look forward to future discussions. </p>

<p>ROO, I hope we all gave you good advice. It's great to hear arguments from both sides. Hopefully this information will help you make your decision!</p>
 
<em>"but it seems that line of thinking is just giving me a rep as a nutter."</em>





If you have been buying gold futures over the last couple of months, you are a rich nutter.
 
<p><em>Have fun with your 3 1/2 % taxable savings account. I'm sure that interest will compound at the speed of light.</em></p>

<p>At least he's making money. You, on the other hand, are losing it....at the speed of light. DOH ! </p>

<p>In other words....don't mess with my man effen. </p>
 
I get Ladera1's smugness. They heavily levered themselves into an RE position at just the right time and made riches. Their downfall is in not realizing that they were VERY VERY lucky to do this and it's not likely to happen again for a long time.
 
<p>While I do enjoy real estate, even I notice that houses are not the best market now. While they do make money long term, they are not the best and once you throw in cost of ownership as well taxes and upkeep, it really isn't that great. I've started investing in apartments now and while the cashflow is pretty stinky now, at least its a few dollars a month. Give it a year or two and i'll be "hopefully" in the 10kish range.</p>

<p>As for keeping up with the OC-Joneses, I bought a $7M property and I drive a Focus, they completely discounted me until I showed up with a fleet of people to support the buy. Because of their discounting me, I happily deducted 1% from their fees for the poor service up front. </p>

<p>Good luck with Ladera Ranch, I like it alot, but its a bit overpriced right about now. Anyways good luck</p>

<p>-bix</p>
 
<p>Thanks everyone for that heated discussion!</p>

<p>I really like what you said Joyce, a home won't be nice because it's 2200 sq ft. it all depends of what you make out of it. Along the same lines...I got married not long ago, my best man said something along the lines of :</p>

<p>"Hapiness is not something you find in life. You don't wait to have a home to be happy, you don't wait to have kids to be happy, you don't wait to have your kids in school to be happy, you don't wait for your kids to move out of the house to be happy, neither do you wait until you retire to be happy. Happiness is not a destination but a trajectory. What you do in your day-to-day life dictates how happy and accomplished you are."</p>

<p>I also want to thanks the regular posters on this forum, I can't tell you how interesting you are. I'm nowhere as savy as most you are when it comes to real estate, but I am way more savy than 99% of the public because of your dedicated hard work.</p>

<p>IR, why don't you publish a book? You would have to organize all your analysis together and you would have a very nice book to sell!</p>

<p>Now about me, I'd like to buy a home. I'm lucky, I'm young, have good credit and a good job (same for my wife), so we can afford a first home in the current market. However, no matter how tempting it is to own your first home, I understand it's not time yet. I don't need to move to a bigger house, we have no kids and 2 bedrooms (converted to a study room and a bedroom). So we probably won't rent a house and stay at Anacapa from TIC for the next year or so. We'll see after that!</p>
 
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