Seven Harsh Truths About Real Estate
Wednesday, June 15, 2005
Real Estate Journal has a good article about some rather sad truths about Real Estate. I'm convinced that anyone who tries to downplay the market, or even preach about the impending downfall, is secretly up to their ears in real estate investments.
1. A house is an undiversified bet on a single piece of property.
2. Real estate doesn't always go up.
3. Leverage bites when you get it wrong.
4. A house is a long-term investment.
5. The big money is in the rent.
6. Home improvements aren't an investment.
7. Mortgage debt has to be repaid.
RealEstateJournal
posted by author @ 7:54 PM,
