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Old 12-09-2010, 01:41 PM  
woj
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
Real estate is great if it's going up, but if it's not, and you have to sell you can get burned badly... I have a friend who got a new job and had to relocate, had to sell the house quick, long story short, he couldn't sell it, had to pay mortgage for almost a year before a buyer with a reasonable offer came along... overall he lost like $50k on the whole deal... not fun at all..

I don't know about you guys but I would rather take a $50k hit on stocks, at least that is quick and painless, beats suffering for a year for sure... and it's not like you would ever have to sell stocks, you can always wait out a year or 2 for better prices to recover...
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