Quote:
Originally posted by sextoyking
Fm,
real estate is usually always a safe bet.
We have 2 rentals in town, and a nice one at the beach.
Unlike stocks, if the market dies at least you still have something to show for it.
happy holidays
Todd
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Todd!!! wassup???? Happy Holidays to you and yours.
btw, I need to talk to you about a new video deal, can you call me on Monday?
I just looked it up in the 2002 book of records - Bill Gates is now worth $60 billion - that's $30 billion less than 2 years ago. This means he lost 33% of his wealth in two years.
Using this as a guage and comparing this to the Southern California real estate market that has increased anywhere from 20% to 40% depending upon the area - I'll bet Gates would loved to have cashed in some of his stock two years ago and purchased real estate in So Cal. If he had done so he's be worth over $100 billion, do the math.
I'll stick with real estate in lieu of stocks or bank interest.