Quote:
Originally Posted by mikeivb
i knew a family that was renting and had most of their money tied up in investments saving up for a down payment... 2008 happened and they lost at least 30-40% of their savings..
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Then 2009 happened and they got back 80% of what they lost.
If they lost 30-40% is it because they were not very diversified. I lost 50% on some equity investments, yet those are already back to the same levels as before the crash, and were actually higher briefly.
There's risk in everything, at least investments let you diversify to spread out the risk. Real estate does not.