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Originally Posted by 1stLand
I am of the opinion that people should buy income producing assets. Best bet there is - Real Estate.
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I agree on buying income producing assets - but why would you buy that property that you have to physically manage, reinvest, and generally worry about instead of borrowing and buying stock in a REIT? Similar asset class, impact of leverage, higher liquidity...
Your capitalization rate better be clearing your cost of capital (weighted average of debt cost and expected return on equity) or else you're losing ground.
I also agree on inner city vs suburbs.
Quote:
Originally Posted by Jonrox
the experiences someone can have going to Mexico and Vegas at 21 years old are much different than the experiences they'd have at 50 years old.
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Yeah, as a 21 year old dude you can hang out with your buddies and get loser plastered playin penny slots while you watch the rich 50 somethings wheel the 20 year old hotties you were chatting up at the pool earlier.
Quote:
Originally Posted by Sylvanfan
.. Not to mention a lot of people my age are tragically uneducated when it comes to money.
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Does your financal education level make you feel like saving and investing is so risky that you might as well not invest?
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Originally Posted by shermanator
I'll agree with this 100%. Any money I save up gets either thrown towards the principal on my mortgage, or towards potential upgrades to my house so that when I do decide to sell, it's worth more than if I hadn't.
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You should still compare that return vs what you'd expect to gain investing elsewhere.