Quoted from pinfixer:
Quoted from JohnnyPinball007:
I just never trusted any of that. I hear people say theirs are up or down(up for a while now). I like rental houses. Next housing crash I hope to pick up more. I like when they go way down because of a recession or whatever, because not only can I pick more up, but also the property taxes are cheaper on mine for a while.
Another good thing about rental houses is the rent does not go down when the value goes down. I am a good landlord, I have never raised anyone's rent. If a house becomes available I adjust the price up then.
Long ago I could have been here bitching about tenants and the sorry property manager I was using, but every since I fired her and took control of everything myself everything has been awesome.
One more thing is I only buy within 5 minutes of where I live, I know others that buy way off somewhere because they found a good deal, hell no, keep everything close, traffic around here sucks.
.....somebody's been listening to Dave Ramsey.
I have heard of a Ramsey guy, he is chef on tv I think. Yeah, I think that is Gordan or something, but I have heard the name Dave Ramsey but I have no clue about any of his stuff.
What I do know is one of my best friends already was a real estate broker with plenty of rental houses himself and he told me to get the John Adams Landlord Survival Guide when I was firing my property manager.
I know big time rental property stuff is not easy, but when you have the right tenants it is awesome!
To each his own, we are all different and like different stuff. I really don't think anyone is right or wrong, we all just like different stuff.
When things are great I know stocks and other stuff are awesome, only downfall for me is higher property taxes. If stocks and other things tank, that is when I do good.
I just really think the stock market has been way too inflated for a very long time. Right now the housing market is way over inflated also. A correction will eventually happen, and people have to have a place to live, and that is why I like houses.
I figure if things ever got so bad there basically was no money period anywhere, I could tell my tenants to start veggie gardens in their yard, and pay me rent with some of the food you grow. I damn sure hope things never get that bad, but if they did I have great tenants that would be happy to give me some of their food for in return a very nice roof over their head. I am not a slum lord, I buy nice houses that I would not mind living in myself.
And no, I don't have a buried bunker with weapons and 5 years of food. I am not one of them.
I just personally like houses for investment, and pinball machines for entertainment.
I wish all of you the best always!
And as far as bitching, it is f-in fall, and still in the 90's here and breaking records. I am so damn sick of this hot weather.