"NOYB" wrote in message
ink.net...

"DSK" wrote in message
. ..
NOYB wrote:
I've been on the fence on how to advise him. Part of me believes as
you
do: that $340k villa will drop in price once a correction knocks the
speculators out of the market. But if I'm wrong, then where does he
live? If he pays the $340k now, and then it drops, he can just stay in
it until it goes back up again.


Rent cheap and put money into a residential REIT

I don't know anything about REIT's. Can you see 30-50% returns like we're
currently seeing in the real estate market?

Rent is not deductible.

Why can't the brain dead liebrals get it?



And are they any safer than actually owning the real estate?



If the housing market continues to climb fantastically, he'll have a leg
up on affording a place. If it crashes in some places or plateaus in
general, he'll have spread the risk as much as possible.

DSK