I’m a real estate investor and real estate has been very good to me for almost 50 years. But the huge money lately has been made in energy and tech.
I’m a gnat compared those guys but I’m very comfortable thanks to real estate and energy investing.
My dad bought his first property in another medium-sized city outside of Boston in the mid-80s and sold it in the early-90s for a near 50% loss. Luckily, he, like so many others in Melrose, has built up a ton of equity after owning our home for a few decades. So he’s made out ok.
I vowed to myself that I would never buy a house during a ‘boom’ period - I’m just sitting here waiting for a bust, even if it’ll take a few years to materialize.