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Updated almost 5 years ago,

User Stats

18
Posts
3
Votes
Dan Nad
  • arlington, va
3
Votes |
18
Posts

FOR THE LOVE OF GOD STOP BUYING REAL ESTATE

Dan Nad
  • arlington, va
Posted

I haven't posted on these forums in five years but I have something to say: The end of the world is coming. We are looking at a recession like something we've never seen before. Millions being laid off every day. And yet I see people on these forums buying real estate. Just don't do it. Step back, keep your money in your pocket, and watch and wait. There will be better opportunities. Don't take on debt right now. If you have to buy real estate, buy Vornado at a 10% cap rate. At least wait and see how many people pay their April rent. Wait for prices to adjust. You will thank me later. 

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