Quote:
Originally Posted by Hell Puppy
Oh yeah, I have my eyes out for investment opportunities. I dont mind sitting on property for 5-10 years or more, so would love to grab a couple of rental properties.
I would even look at some businesses, but I'm limiting my scope there to things people HAVE to have. Only a fool would buy a business that sells goods or services that most people would consider a luxury or frivolous right now. Those are the first areas of the family budget that get cut.
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Housing prices around here have dropped significantly. The average price of a house in a decent neighbourhood in June was about 1.3 million dollars for an older small family home. Now you can get the same place for about 900K. The interesting thing is how many houses in the 2 to 3 to 5 million dollar range are on the market at the moment. You would think that those folks wouldn't have to sell in a shit market. However, who knows what evil lurks in the portfolios of men.