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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (6976)	11/19/2002 9:33:06 PM
From: Moominoid	Read Replies (2) \| Respond to of 306849

Yeah, but Tradelite won't believe it no matter how many times you calculate it. -ggg- Well I have tried to explain this (opportunity cost) to my brother a computer programmer and civil engineer and he doesn't get it. I try to drill it into my students at every opportunity (mostly engineering and computer science majors) some of them are getting it now I think. I think my girlfriend gets it - at least she says she does :P The one really good thing about real estate is that you can buy it with such a small amount of your own money, where else can you find such great leverage? Absolutely - outside of futures trading... but both are high risk propositions.... But if you really want to make money in it as an investment, its best to make it the day you close on the buy. The guys I know who make a pile in it do so by being very shrewd buyers. This is probably true too. While I have knowledge of the theory of real estate investment etc. You hear in Australia about all these "investors" from Victoria getting ripped off investing in rental apartments on the Gold Coast (Queensland). The kind of skills to make a "shrewd buy" are what I have now in stock investment but would need considerable experience to develop in real estate.... Moomin