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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (2535)	3/3/2016 5:21:58 AM
From: peter michaelson	Respond to of 2722

And hundreds of millions still do. And many of those are happy people.

To: THE ANT who wrote (2535)	3/7/2016 4:04:40 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

So true but big difference is how expensive it is for how little you now get size wise in NYC. No doubt Manhattan is incredible but it was also amazing in 1980 without the high cost of living I was looking at some houses in Michigan given the political focus this week plus I have been there a few times already. Is amazing how cheap it still is in decent safe rust belt towns with great infrastructure and Victorian homes from the Gilded Age.. Of course you see this all over the rust belt just feel places like Grand Rapids and Kalamazoo might be better values looking as an outsider... Is a far different game than where I have many rentals in FL with fast growth and lots of equity locust competition or your DC market.

To: THE ANT who wrote (2535)	6/13/2016 11:45:11 AM
From: John Vosilla	Respond to of 2722

Housing values push Americans’ total wealth to record $88T The nearly $500B jump in resi real estate values drove the growth in wealth June 10, 2016 11:35AM Rising home values helped push the overall wealth of Americans to a total of $88.1 trillion through the first quarter of this year – an all-time record. A $498 billion increase in residential real estate values nationwide drove the jump in wealth, offsetting a shaky stock market in the first three months of the year that saw the overall value of equities fall $160 billion, according to a new Federal Reserve report released Thursday. The news is a testament to the U.S. housing economy’s turnaround since the last recession in 2007 and subsequent global financial crisis the following year, according to the Wall Street Journal. That downturn, which was precipitated by a housing bubble, saw households lose more than $12 trillion and resulted in Americans’ net worth bottoming out at $55 trillion in 2009. While the figures are not adjusted for inflation, wealth growth has significantly outpaced inflation, the Journal reported, and the U.S. housing market’s rebound has hugely helped. Homeownership in the U.S. stands at 63.7 percent, and the increase in housing values is benefiting many middle-class households – even those who saw their homes go underwater in recent years as values plummeted. Americans also aren’t taking on as much debt these days. While total household debt increased $17 billion in the first quarter, it remains lower than levels seen during the financial crisis. [WSJ] – Rey Mashayekhi http://therealdeal.com/2016/06/10/housing-values-push-americans-total-wealth-to-record-88t/