Posted by Eric SEI on April 25, 2010 at 13:21:47 from (74.215.178.40):
In Reply to: one more time: Gold posted by Hughb on April 25, 2010 at 12:13:43:
Over time gold keeps up with inflation, land keeps up with inflation. During different periods of time gold may be ahead of inflation, during other periods of time land may be ahead of inflation. It's all a matter of timing, and anybody who claims to be able to tell which will be better is probably making their money off selling advice.
Being a landlord usually brings in income, but factors like an employer shutting a plant can destroy that income, and bad tenants can cost you money.
Are financial bad times coming? Of course, the question is when? The best way to invest is to assume that good times will not last. People got in trouble in the real estate bubble because they assumed that prices would continue rising faster than inflation. The Dot Com bubble people thought any internet investment would make money. In the 1980's people gambled that farm land prices would continue going up. All these people were wrong.
Personally, I like land. But still, the price has to be right. Lock in interest rates and don't gamble on inflation bailing out bad investments. Interest rates will go up and that will hurt land prices. And Congress will do things that have effects they didn't predict.
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