Join Early Retirement Today
View Poll Results: Do you own residential real estate as an investment?
I own now, and I new to the game 8 12.90%
I own now, but I am a long-time real estate investor 14 22.58%
I don't own now, but I'm ready to pull the trigger 3 4.84%
Not me! No way! 37 59.68%
Voters: 62. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Residential Real-Estate Investment Poll
Old 07-16-2005, 02:19 PM   #1
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Residential Real-Estate Investment Poll

Unscientific poll to determine if there is a wave of new real estate investors responsible for the housing bubble. * *Do you own residential real estate as an investment (outside of your residence), and if so, are you relatively new to that area of investing (let's say that over 10-years or so makes you a long-time investor).
__________________

__________________
wabmester is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Residential Real-Estate Investment Poll
Old 07-16-2005, 07:32 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Residential Real-Estate Investment Poll

Quote:
Originally Posted by wabmester
Unscientific poll to determine if there is a wave of new real estate investors responsible for the housing bubble. * *Do you own residential real estate as an investment (outside of your residence), and if so, are you relatively new to that area of investing (let's say that over 10-years or so makes you a long-time investor).
Only the Texas condo. 35 years experience. Very confident in our
long term prospects, although we intend not to ever sell.

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 07:02 AM   #3
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Residential Real-Estate Investment Poll

Long term invester in apartment buildings. Now currently invested in some apartment buildings being converted to condos for sell off.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 09:02 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: Residential Real-Estate Investment Poll

Note that Martha's investments are in buildings that are or will be potential condos. I think that is where the residential realestate investor should be. Most apartment complexes require professional management else you spend your life managing tennants and maintaining them.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 10:08 AM   #5
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Re: Residential Real-Estate Investment Poll

Long-time (& long-term) investor in single-family home.*

Spent two hours of yesterday's Saturday afternoon wrestling a 27-year-old garage door to the (forever) closed position.* I'm amazed by the potential energy captured in a spring (and equally impressed by its release).

Considering how I spent the last two, I'm beginning to dread Saturdays...



__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 12:47 PM   #6
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: Residential Real-Estate Investment Poll

Does it count to finish your basement thinking that your house will be used for several family members that didnt save enough for retirement?

I suspect that my house will be at least used as a vacation location by my family.
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 07:12 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Residential Real-Estate Investment Poll

Quote:
Originally Posted by maddythebeagle
Does it count to finish your basement thinking that your house will be used for several family members that didnt save enough for retirement?*

I suspect that my house will be at least used as a vacation location by my family.
This is interesting (at least to me) It seems every woman I dated
prior to remarriage lived mostly alone in a much bigger home than they needed.
(DW is an exception as her place was TINY).
I think the others were still in "mommie mode" and so wanted space for
visiting kids and grandkids. I love my kids and grandkids, but I'll be damned
if I would buy a great big house just so they could visit.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-17-2005, 09:05 PM   #8
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 927
Re: Residential Real-Estate Investment Poll

I've owned one single-family rental for the last 5.5 years, in addition to my own little shack. Both in the Northern California marketplace.

My sister talked me into it so she'd have someplace to live (and sublet rooms from) with her daughter. I let her twist my arm because I was maxing the 401(k) and adding a pile to my Vanguard Index funds, and wanted to diversify because the stock market was making me nervous.

Thanks for reminding me -- I've been meaning to thank her!

Caroline
__________________
Caroline is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-18-2005, 09:50 AM   #9
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Residential Real-Estate Investment Poll

I have a large home we live in for now. A cabin in the mountains for recreation only and a condo we used to rent but are now going to sell as the hassle of dealing with crappy renters is not worth the tax write off.

Ok, the house it much much too big but my late wife needed a big place for all her stuff (long story). Now that I am remarried, DW wants to keep the big house so her grandchilden have a place to stay when the visit and plenty of room to have family holidays and to entertain. I would like to downsize but that is not going to happen for a while.

Not using any of them for investing. The net from the Condo will go to lower debt on a loan so it can be paid off sooner. Otherwise, not in to realestate for gain.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-18-2005, 10:08 AM   #10
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Re: Residential Real-Estate Investment Poll

Down to my last 6 SF. One will be a weekly vacation rental (building now). The rest are "starter" homes (2 and 3 bedroom).

Will "dump" at least 1 or 2 more over the next 3 years. Crystal ball is pretty foogy ... need to hedge.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-18-2005, 11:25 AM   #11
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 322
Re: Residential Real-Estate Investment Poll

long-time investor only because too busy to deal with the hassle of selling properties.
__________________
P.S. is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-18-2005, 09:55 PM   #12
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 260
Re: Residential Real-Estate Investment Poll

I would add

I own now and am looking to take my profit
__________________
GTM is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-19-2005, 07:01 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Residential Real-Estate Investment Poll

I'm not and haven't been a residential RE investor. Given the hassles and headaches, I won't be rushing in, but I would likely be drooling at the prospect if we had a RE crash.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-19-2005, 10:24 AM   #14
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Residential Real-Estate Investment Poll

Not a home owner but I won't be buying as long as rents as still low. Home price app has far outpaced rent rates. Buying when people go belly up in debt sounds like a good approach.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-19-2005, 02:04 PM   #15
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: Residential Real-Estate Investment Poll

Time for a snapshot analysis. Let's see, we have 50 votes, so I'll pretend we have a representative sample.

42% of us either own investment property or plan to soon. That means there's a *lot* of non-owner occupied property out there, which may mean that the friction against selling homes isn't as strong as some people think.

Of those 42% of real-estate investors, about 43% of them (9/21) are or will be new investors. That's quite an influx, so while it may not be the sole factor in the bubble, it probably plays a part.

Of course, the margin of error in this poll is +/- 100%, but I was surprised to see how many here invest in hard real estate.
__________________
wabmester is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-20-2005, 12:12 PM   #16
Dryer sheet aficionado
 
Join Date: Jul 2005
Posts: 28
Re: Residential Real-Estate Investment Poll

Sold 4 last year, still have 2, and one of those is for sale now. Prices too high in So Cal to pass up. Theory: If someone wants to buy something real bad, sell it to them. If they want to sell real bad, buy it from them. Seems to work for me.
__________________
jimhcom is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-20-2005, 09:48 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Jan 2005
Posts: 2,555
Re: Residential Real-Estate Investment Poll

I messed up your poll. I voted before I read the statement below not to count your residence. We only own our own residence and I voted long time owner, instead of no way. Sorry!

Dreamer
__________________
Dreamer is offline   Reply With Quote
Re: Residential Real-Estate Investment Poll
Old 07-20-2005, 10:40 PM   #18
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: Residential Real-Estate Investment Poll

Oh, that's OK. I would have still found a way to interpret the poll results to support my hypothesis.
__________________

__________________
wabmester is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Real estate as an investment wzd FIRE and Money 46 09-30-2008 12:04 PM
Poll: Where'd you put the cash from your real estate sale? wabmester FIRE and Money 19 04-23-2006 07:52 PM
What's a fair split for partners in a real estate investment? thefed Other topics 5 04-14-2006 07:07 PM
Real Estate Bubble in D.C. - CBS News tonite.... Cut-Throat FIRE and Money 23 05-19-2005 02:44 PM
Shiller - "We now have a Real Estate Bubble"...... Cut-Throat FIRE and Money 29 04-11-2005 06:20 PM

 

 
All times are GMT -6. The time now is 01:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.