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| Originally Posted by FailingEnterpriseAdmin People said the same thing in Japan in 1989. Since then, property prices have fallen for 15 years in a row. A sure sign of a bubble is when somebody says "you are guaranteed a solid 10% every year". When the market turns, you won't be able to get out in time. |
Yeah, but that was Japan, and this is the USA. Big difference. If you go back 100 years, real estate is hands down the safest and best investment out there. Even if you lose money, which you won't, you can write it off. That's capitalism at its best and you cannot do that in Japan. Reason is because our population keeps increasing because of our immigration policies. I'm sitting on 100K for doing nothing and I get $8000/year in taxes. Not bad.