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Updated over 11 years ago,
Why are people scared of real estate
Hey guys, I have something I have been pondering about for a while. It seems that many people are scared to take the dive into real estate due to the risk. Now I know that this has been discussed many times over, but I find it very intriguing that people will spend 100,000 on a college degree, but will not spend even half of that on a first real estate investment/ learning. To be honest I wouldnt spend that much on the learning part since everything we need is here at bigger pockets (the 15 bucks a month for pro is def worth it) but concerning a real estate investment.... this is a no brainer, as long as the numbers work.
I am leaning toward the fact that college gives a peace of paper stating that somebody has a degree as being what makes people lean toward dishing out the money for college.
For example, I know people where I went to school that paid 50K+ for a degree in music education.... yes... music education.... without a full ride.
Long story short, is just amazes me that lengths people will go to achieve a simple piece of paper, even with a bleak job outlook ahead of them. That peace of paper must have some amazing lure factor wrapped into it obviously.