Quote Originally Posted by Sanlmar View Post
Thanks for the kind words Forum.

I’m out of the market. I really don’t even play daily swings lately.

Real estate. Multi generational opportunity. We (extended family too) have literally closed many sales for some of our kids, nieces and nephews. A duplex is pending. Kid will live in it so maybe no one has to put down 25% instead maybe 3%. We will see.

My sister in law got her real estate license to save and negotiate useless brokerage fees. I was halfway through the material a few years ago and quit like a quitter.

Google appraisal gap insurance. In an age where there are insane bidding wars this has been effective. No question one deal happened strictly because of this. It’s just an interesting concept even if you aren’t interested in real estate.

I know someone who married into the Ernie Boch family. We just visited with them in Naples. Generational wealth and family squabbles but you feel the importance of leaving a legacy. The money is just beyond comprehension. What they spill made another guy we know wealthy doing car stereo and controls for the local dealerships.

Just rambling but that’s what’s on my mind.

We sold our place in Naples a few years ago when I realized how close Pooh was. If he’s building I’m selling. You would too. Now I’m crying. Can’t even drive by it we missed out on so much money.

Tech dump is discounted cash flow ... interest rate rise. But trade the froth not fundamentals.
Very interesting. I caught myself thinking aloud lately, if I'd just put every saved $ on real estate since being able to save at 10 (in the 1970s) until now, EVERYTHING in EVERY market would have made a killing. You don't need to specific, it just always went up.

Only worry: Interest rates coincide with this pretty much. 1970's/1980's:maybe 10-20% interest. 1990s like 5-8% 2000's til now, 5 down to measly 1.5 to 2%. Is all of this JUST because of interest rates? Could be. So what if they don't go down no more?!

But it just feels like you don't lose with real estate (except 2009, which turned out to be a buying opp of course)...