The snowbird crowd is ageing
Seems to me in Texas the snowbird crowd is ageing, most are over 70 and many over 80. Every year more are too sick or old to make the trip and many have passed on. There are very few younger snowbirds...
Forum Discussion
CKNSLS wrote:Water-Bug wrote:
Homes are a place to live and not an investment. A lot of people are just now starting to realize that fact. Part of the justification for buying too much house use to be "I can always sell it for more than I paid for it." Not so anymore.
It all depends of what part of the country you live in.
What part of the country you live in has NO bearing on the fact that a home is a place to live and not an investment. Yes, some parts of the country were spared during the recent down turn, but NOBODY knows where the next realestate colapse will happen. One MAJOR earthquake and California realestate is toast. The same goes for any other part of the country. The causes vary but the unpredictability is universal. Industries move, natural disasters happen, economic conditions change. If you can predict all three of those, you don't have any use for an investment.
EDIT. I can dispose of an investment in stocks or bonds in minutes. How long does it take to divest of realestate ? When realestate values are dropping, nobody is buying. Once it hits bottom, only a fool sells.
