those Lovely Experts at RCG
Well, it was quite a battle over there last week. After reading almost every single post, (my eyes are bleeding) I would have to say the bubblers did a good job. One thing I think stood out big time though was Ardell jumping on The Tim for giving advise with out a liscense. that really cracked me up. She is telling people to buy real estate as an investment as if she were a financial advisor. I don't think that is a realtors area of expertise. And when they say, "buy now or be priced out forever", do they disclose, like stock borkers do, that markets fluctuate and no way is there a guarantee that prices will increase?
Comments
She does blog substantially for sure!
I can only take so much bolded assertions, condescension, implied insults, and argument.
It's either explicitly or implicitly thrown out there that housing is a fabulous investment in any climate, there is never a bad time not to buy, etc etc. This is all understood and the motivations for it are obvious.
I especially liked the "Interest only is great because you can use the cash you're saving to invest!" argument.
The disturbing question I always have is, "if housing is so great, what are you investing in that is a better asset than housing? Why not more housing?"
The real meat of the question I want to ask, though, is this. If realtors/mortgage salesmen have an angle on the most amazing asset class that only goes up, why do they share this knowledge with the public? Also, are they levereging themselves to the hilt to buy any and all properties that come on the market? To read their "licensed invesment advice", it would seem like a no brainer.
So why do they not follow their own advice and all retire as billionaires?
How convenient! If you don't like the truth, silence the truth tellers!