brin
Super Member
Same here Ken...Land and other real estate has been my concentration since the early 70's as well...and I am so glad..
Thoughts on investing in gold/silver
- Thread starter carpenter383
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Same here Ken...Land and other real estate has been my concentration since the early 70's as well...and I am so glad..
sweettractors
Advertiser
You know Bob, The auctioneer always says this before the auction starts. "They ain't ever going to be anymore of it made" Ken Sweet
brin
Super Member
Yep he does Ken...I remember my Aunt blessing me out years ago for selling calves ..she told me to never do that ..hold all your calves and build your heard..sell your bull...LOL...she also told me to never sell any of the land since they were not making any more . So true.
beppington
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tallyho8
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Even though I made the most money investing in real estate, it still depends vastly on your choice of purchases.
The 160 acres of land in the Ozark National Forest that I inherited in 1975 was worth $200 and acre then and is only worth about $900 an acre now.
All my other investments did much better than this.
I do know people who lost money in real estate simply because they were not knowledgeable enough to know what they were doing and would frequently buy the best, most expensive home in the area and expect it to appreciate.
I always buy the cheapest home in a good area knowing that the more expensive surrounding homes will pull up it's value.
The 160 acres of land in the Ozark National Forest that I inherited in 1975 was worth $200 and acre then and is only worth about $900 an acre now.
All my other investments did much better than this.
I do know people who lost money in real estate simply because they were not knowledgeable enough to know what they were doing and would frequently buy the best, most expensive home in the area and expect it to appreciate.
I always buy the cheapest home in a good area knowing that the more expensive surrounding homes will pull up it's value.
MossRoad
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We have a 40% house vacancy rate here in South Bend, Indiana. You can buy houses for under 20K all over the place. The problem is, there is no one to live in them. No jobs. No renters. No buyers, either. Just plain down, down, down around here. It is a good time to buy cheap, buy only if you have money to tie up for an unforeseeable amount of time. The way things are around here, no new jobs are on the horizon, the kids are moving away and that is that. Game over for this town. It will be an empty crime ridden slum in town and a few nice subdivisions on the outskirts at best. There are vacant factory buildings, vacant land, empty apartment houses, etc.... really bleak.
That's why I don't invest in real estate around here and stick to the stock market.
tallyho8
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That is a wiser choice in your situation because I don't believe in buying real estate far from home and in your situation, not near home either.
sweettractors
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Our most prominent auctioneer in the area will sell a manure spreader, but won't stand behind it
Ain't he got the nerve Ken Sweetdmccarty
Super Star Member
Oil will run out.
The question is WHEN.
We were supposed to be out of oil 10 years ago in 2000. That is what the "experts" told us back in the 70's.
When will oil run out?
Knowing the WHEN will determine how much money one makes. Or looses.
It is called timing the market.
Later,
Dan
