Quote:
Originally Posted by DETRoadster
New plan is to buy a house that fits our evolving needs and give the economy some time to cool. Wait for the next recession to hit, then pounce and scoop up and small, easily rentable, property that we have no emotional investment in. Oh, and hire a property management company to take care of the dirty details we don't want to be bothered with!
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also, while we're talking about recessions- i think dave ramsey hits a bullseye here.
secondary to that, be cautious of people giving advice on things they aren't involved in. i've had multiple friends/family give [unsolicited] advice on investing, real estate, etc., and they are broke or not involved in the subject at all. people are quick to share their fears and causes for inaction with others. if i had listened to some people, i would not be in the position i am in today.