Originally Posted by MRGALT2U
I like the "renting" idea.* I my case, I think I can win big keeping
50-60% of our port. in real estate, and it provides inflation
protection.* Anyway, I think renting is a must if moving to an area
you don't know extremely well.
When I first graduated from college and moved to an apartment in Boston there were two retired couples who had lived in the apt. complex for over 30 years. *By the time I moved out of the apartment, the rent had increased from $130 per month to $800 per month (the T *had extended close to the apt. complex and real estate in general was going through the roof). *That was a big lesson for me to realize that owning my own residence was a good way to beat inflation.
I bought my house 13 years ago and paid it off this summer. *I don't even pay attention to the price of real estate, it doesn't matter to me. *I now have a cheap place to live ($1,900 for property taxes plus any home improvements).
I don't own REITs or any other real estate. *I guess I'm market timing - I've been mostly in short term securities for about a year. *I think we're heading for a down turn in both housing and the stock market.
Just My Opinion,