@DumbMoneyTV Depends on HOW you invest in real estate. Too many different approaches to lump together. If you buy distressed properties to fix up and refinance your cash out. Then your returns are infinite bc you have no basis left in the investment. You cant do that with equites.
Told myself I’d trim some of my SLV calls when silver hit $100. But couldn’t find it in me to do it today.
I still think we see a healthy pull back soon but price action is too strong to bet against
Somehow this proposal to increase home sales has already had the opposite effect.
I lost a deal this week because a rental property owner I've been negotiating with heard about this proposal and wants to wait to see if he can get out of paying capital gains on the sale.
The dollar didn’t just weaken — it quietly robbed you. Down 28% in five years.
My parents bought their house in 1962 for $16,000.
Back then, gold was $35 an ounce. That house cost 457 ounces of gold.
Today, the house is “worth” $750,000. Gold is about $3,300 an ounce.
That same house is 227 ounces of gold — half the real value.
Everyone thinks they got rich. They didn’t. The measuring stick got warped.
That’s the scam of inflation. Prices go up, politicians get away with it.
People confuse bigger numbers with more wealth.
A million dollars today feels impressive — until you realize it’s the purchasing power of about eighty grand in 1970.
You’re not richer.
The currency is weaker.
@alifarhat79 People love to talk about compound interest and how much their investments will be worth when they retire and then hate on the boomers who have actually done it lol
@1Umairshaikh Many are too risk adverse. The "dumb" people who just do things without thinking through all the things that could go wrong own all the small businesses in your town.
@PeterSchiff Isn't it possible that this run in precious metals is just PM prices catching up to the money printing of the last 6 years rather than a future indicator of economic collapse