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Reply to "Why do people have investment properties over stocks?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lock in current prices. My 72 year old cousin was out in Hamptons in 1975 on a biking and camping trip and ended up camping in Montauk point on the beach. When he graduated college he bought a plot of land out there. Small loan and he saved up by living at home two years after school Flash forward 50 years he lives in a mansion in in Montauk. When he was around 59 after 2009/2010 financial crises and building costs low as builders had no work he built the big house The beauty is rents, land prices, home prices keep going up but you lock in prior prices. In his case when he bult his dream home in 2010 his land price was 1977, [/quote] This isn’t the question though. What if he invested in the S&P over that same time horizon.[/quote] Yap, he would have 3 mansions and money left over. [/quote]
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