Comments on: Building wealth in real estate http://blackinformant.wordpress.com/2007/03/29/building-wealth-in-real-estate/ African-American culture, news commentary, politics Sun, 20 Jul 2008 07:25:58 +0000 http://wordpress.org/?v=MU By: exe http://blackinformant.wordpress.com/2007/03/29/building-wealth-in-real-estate/#comment-4230 exe Sun, 01 Apr 2007 18:52:26 +0000 http://blackinformant.com/2007/03/29/building-wealth-in-real-estate/#comment-4230 (My earlier comment did not post ) The best thing that you can do for your financial future is to buy a well located house or multi-unit every couple of years or so until you retire. If you look at the valuation of properties in San Francisco, or San Diego, for example, since the 90's devaluation, you can see how well a person who bought and held would have done. Or if you prefer, look at the same valuations since 1975 until now, and see the potential increase in wealth. (My earlier comment did not post ) The best thing that you can do for your financial future is to buy a well located house or multi-unit every couple of years or so until you retire. If you look at the valuation of properties in San Francisco, or San Diego, for example, since the 90’s devaluation, you can see how well a person who bought and held would have done. Or if you prefer, look at the same valuations since 1975 until now, and see the potential increase in wealth.

]]> By: DarkStar http://blackinformant.wordpress.com/2007/03/29/building-wealth-in-real-estate/#comment-4229 DarkStar Sat, 31 Mar 2007 18:14:57 +0000 http://blackinformant.com/2007/03/29/building-wealth-in-real-estate/#comment-4229 DarkStar didn't invest, DarkStar chose a home to live in. People seem to have forgotten the home devauluation of the mid 90s. DarkStar didn’t invest, DarkStar chose a home to live in.

People seem to have forgotten the home devauluation of the mid 90s.

]]> By: exe http://blackinformant.wordpress.com/2007/03/29/building-wealth-in-real-estate/#comment-4228 exe Fri, 30 Mar 2007 17:30:51 +0000 http://blackinformant.com/2007/03/29/building-wealth-in-real-estate/#comment-4228 DarkStar has invested in the wrong location. Look at the front page (online ) article in the NY Times yesterday about how even Omaha Nebraska is experiencing a rise in values. DarkStar has invested in the wrong location. Look at the front page (online ) article in the NY Times yesterday about how even Omaha Nebraska is experiencing a rise in values.

]]> By: DarkStar http://blackinformant.wordpress.com/2007/03/29/building-wealth-in-real-estate/#comment-4227 DarkStar Fri, 30 Mar 2007 02:29:59 +0000 http://blackinformant.com/2007/03/29/building-wealth-in-real-estate/#comment-4227 OK, I just read somewhere that Blacks think investing in real estate is a better way to build wealth than investing in the stock market. That line of thinking is what is holding back the growth in Black wealth. Having seen my 1st home go from $75K in value, to $110K, to $70K and then to $90K, I strongly question the idea of building long term wealth using real estate unless it's long term vs. flipping. OK, I just read somewhere that Blacks think investing in real estate is a better way to build wealth than investing in the stock market. That line of thinking is what is holding back the growth in Black wealth.

Having seen my 1st home go from $75K in value, to $110K, to $70K and then to $90K, I strongly question the idea of building long term wealth using real estate unless it’s long term vs. flipping.

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