Quote:
Originally Posted by LiquidTurbo
I share the same sentiment as you, and I was out for dinner a few nights ago w/ friends where I got into a heated discussion with a friend (who just bought a 400k box of course)
"Where's the proof, how do you explain it?"
What do you say to something like that.
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Proof = simple economics and finance (which most people, especially those buying $400k boxes don't understand)
Explain = well, we all could, but they'd just butt in and interject with stupid comments....
Talking real estate is like talking religion, I don't believe in God, there is no proof - but others do believe in a God, with faith as their support for it - I couldn't and wouldn't want to try to argue religion with someone, as their belief is not based on proof (and I respect that), but thing is with real estate, investing on belief will end up losing u tits loads of moola! That, I don't respect
But just remember, without stupid people, it would be more difficult for people like me to make investments at under fair value when markets over correct, as will happen here in the coming years
Just let ur idiot friend enjoy his expensive shit hole, you can buy the same one soon for $250k
