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<p>[QUOTE="medoraman, post: 4828316, member: 26302"]I never said people have not made money at it. I am simply pointing out real estate is tied to local politicians. It is not in any way portable wealth. Therefore, if the US was to lower in attractiveness any RE holdings would be tied to it. I understand I pointed out outliers, but if you buy RE in a community and suddenly something happens, (like banning coal, world price for oil collapses, etc), you cannot pick up your investment and move elsewhere. Let's talk to people outside major coal mining locations and see how great their RE investment has been.</p><p><br /></p><p>That was my point. Its not portable. PM in many ways is a horrible investment, yet one thing it has is portability. If something happened here, I feel good that I could carry some liquid assets to someplace that is better, and could afford to do so in a moment's notice. I have a young family, and this is part of my protection for them. How is owning an apartment complex going to help you if everything goes to heck here and you need to get out? Just trying to cover all bases.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4828316, member: 26302"]I never said people have not made money at it. I am simply pointing out real estate is tied to local politicians. It is not in any way portable wealth. Therefore, if the US was to lower in attractiveness any RE holdings would be tied to it. I understand I pointed out outliers, but if you buy RE in a community and suddenly something happens, (like banning coal, world price for oil collapses, etc), you cannot pick up your investment and move elsewhere. Let's talk to people outside major coal mining locations and see how great their RE investment has been. That was my point. Its not portable. PM in many ways is a horrible investment, yet one thing it has is portability. If something happened here, I feel good that I could carry some liquid assets to someplace that is better, and could afford to do so in a moment's notice. I have a young family, and this is part of my protection for them. How is owning an apartment complex going to help you if everything goes to heck here and you need to get out? Just trying to cover all bases.[/QUOTE]
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