"Getting Right" with REAL ESTATE??

Don't "Gamble" with your HOUSE??

I was taught in my MONEY and Banking Class, at the Drucker Institute, not to view a house you live in as and "Investment".  "You have to live somewhere", they taught.  A home is much more than an "investment".  People went crazy between the years of 2005 and 2007, according to a Case-Schiller Index, plotted in Barron's, in an article by Hulbert, 7Sep15 issue; pg. 45.  Housing didn't get back "on track" until 2012.

Readers of this BLOG know that, as a single parent, I was able to finance college educations for my kids, because my jobs kept me moving around the country; and, something "funny" happened in Housing, some time around the late 60's.  Drucker explained it as the "collapse" in the Savings and Loan Industry.  I got out of Military Housing in 1970, when I bought my first house.  I never regretted it, until I started feeling "squeezed" in the late 1990's.  I decided to "sit it out" after Greenspan dropped Interest Rates in 2001.  I didn't buy again, until 2010.  Things are much better now.  The Index shows Housing "on track" with its slope before 2005.

We now know many more details of how many "dirty fingers" were in the debacle in Housing between 2005 and the Meltdown in 2008.  I rented in Miami between 2003 and 2005, and saw, first hand, Minority Small Business Owners, "gamble" , "big-time", buying and "flipping" houses.  We now know how "Operators" were "sharking" Minority Home Owners.  Most of them got away "clean"!  I experienced "dirty fingers", starting after 1989.  I got a good Real Estate Lawyer to help me catch the thugs and make them pay-up.! Those were the days of the Keating Five, when 5 of our most renowned U.S. Senators were busy "cooking books" on the side.  Some ot them were caught.  Not so, for the thugs who participated in the DickandDubya session!  We're still waiting to see some of those High Rollers, "Rolled" into Jail!

Stay Vigilant!  As we're being offered a DEAL (by someone in Real Estate, incidentally), REMEMBER:  Beware someone offering you a DEAL that smells "too good to be true"!

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