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Updated almost 5 years ago,
FOR THE LOVE OF GOD STOP BUYING REAL ESTATE
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.