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      05-23-2013, 12:33 PM   #3344
amanda hor$t
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Drives: a380
Join Date: Sep 2012
Location: ny ny

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^ the thing about real estate is that it's "real". no matter what it's worth on paper, you can live in it, sleep/party/work etc. renting (either rooms or in its entirety) is an obvious option. or grow tomatoes in your backyard and raise chickens in the garage: essentially an ecosystem. there will always be renters, and rent rates closely follow the cost of living. in ancient times, nobility was defined by land ownership. i can sell all my stocks with a few clicks, but to get out of my house you'll have to carry my bat and my lifeless body first.

hopefully the guy isn't all invested in detroit. you can't make land, so in a good city with constant population growth, there's only one direction real estate can go long term. of course, revolution (or something close enough like a really screwed gov) is possible, and that's why i'd prefer condos scattered all over the world over one mansion.

and cash, well that's food. in ancient china rice was traded like cash.

Last edited by amanda hor$t; 05-23-2013 at 03:34 PM..
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