Quote:
Originally Posted by Z3guy
No one is making huge returns as claimed on Revscene real estate thread. If we all were, we all would be buying brand new GT3RS Porsches! haha
|
Huge in this sense is a relative term.
The company I work for just purchased a plot of land at a great price and will be building 50+ townhomes on it. This is on top of the few other properties we are currently developing. My boss/wife are taking on all the risk and making, to me, "huge" gains financially. However they aren't going out and buying GT3's
I'd say making 200k on a house you bought 1-3 years ago is pretty "huge" mind you that is if you were to sell.
The one thing I'll add to the notion of "what goes up must come down" or this theory that rising prices always fall is that, within the last 20+ years, what has gotten cheaper for you?
Cost of living?
Food?
Vehicles?
Gas?
Commodities?
Has anything, let alone real estate actually become less expensive overtime? Lol