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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (522120)	10/20/2009 2:56:28 PM
From: tejek	Read Replies (1) \| Respond to of 1583405

"Its sad but why do people think they can dabble in real estate?" Because, it's "Safe as Houses"! Until lately, it's been a very low risk way to accumulate and store wealth. It's also favored by governments, federal state and local and has many tax advantages. Plus, everyone needs a place to live, and therefore has some experience with RE. It's easy to understand and not scary. But you know its never been safe. Back in the early 90s in LA, I can't tell you how many people got burned.....forced into foreclosure and BK. The only difference this time is that there are new spots effected......like NV and FLA. Timing housing is just as difficult as stocks and much less liquid.