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If I want to invest, im thinking RE would be great, but with the CDC moratariums, its a risky hedge. On the other hands, the markets are so volatile, im unsure if its a good idea to put money there. Or I could go more tribal, get a single house, and stock pile random stuff here and there

If I want to invest, im thinking RE would be great, but with the CDC moratariums, its a risky hedge. On the other hands, the markets are so volatile, im unsure if its a good idea to put money there. Or I could go more tribal, get a single house, and stock pile random stuff here and there

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[–] • 0 pt

RE's so risky? I and another relative in a different city got letters from different people saying 'hi, records show you own the property at 123 Main St., I'm interesting to buy...' Someone spent $4.33 sending the certified handwritten letter to me. I looked the person up and it's a person already in the same city. What's the rush for scooping up properties in California of all places? It looks like people are combing through neighborhoods looking for rental properties to buy.

[–] • 1 pt

This is happening in real estate and the auto market. If I'm bored I'll engage them and ask, "Why would I want to sell my house/car right now?" They go into their spiel about how much I can get. "OK," I say, "then I have to buy a replacement. What does it matter if I can sell my house for a billion dollars if that billion dollars isn't enough to get a new one?"

Every one of them stops trying to sell me at that point.