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Real Estate
Reply to "Impact of stock market crash on real estate?"
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[quote=Anonymous][quote=Anonymous]I don’t think OP is wrong. Most people won’t touch their money right now, but for those who were unsure of what to do, they might prefer real estate over stock market right now.[/quote] This. Many people will just ride out the stock market and see what happens. But some people who pulled out their money before this downturn or are concerned about further dips might diversify by purchasing real estate. Then there are some people who actually did well with investments and want to get out now as further stock market plunges are predicted. We're considering an investment property. We put a good chunk in interest bearing accounts (before this downturn) with the idea that we would eventually buy stocks on the dip. But now we're reconsidering. It feels like our hunch paid off and we saved a good bit of our assets. We also lost a bit of our assets in the stock market. Do we want to risk it all by putting everything (except our CDs) in the stock market? I don't have a great answer. It just seems like we might be throwing good money after bad if we buy stocks now. At least with an investment home we can wait for a real estate upswing to sell it. Historically, real estate is a good investment if you have ~10 years to ride out any downturns to sell when the upturn happens. [/quote]
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