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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Schnullie who wrote (143914)9/1/2008 11:21:09 PM
From: James HuttonRead Replies (2) of 306849
 
So if you agree that there are a lot of unknowns in calculating the return on a piece of real estate, why would you state, "As an investment, you could have done far better with an index fund." Or is your implication I "could have" done far better holding onto the real estate, but there's no way to know without spending a lot of time after the fact trying to figure it out.

On another point: I asked when was the last time you got 5% on a savings account. I didn't ask when was the last time you got a 5% return.

"When was the last time I got a 5% return? I've got a snappy response for that one too:

Feb 2008, about 6 months ago. Countrywide had a 6 month CD yielding 5.5%.

Its gone now but if you want a 5% return today, head to long-term Muni bonds. (I wouldn't touch 'em)."



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