Originally Posted by Superslif
One can't expect a $500k home purchase to be worth $750k in a few years. I watch many of those home shows where a piece of crap fix-r-upper brings $350k. My area it would be $10k....
At some point the madness of overly inflated real-state can't continue. The same $450k SoCal ranch is $50k here in NE. Ohio.
That's what they said in the 1960s, 1970s, 1980s, 1990s, 2000, and now.
Of course it's a gamble, but aren't all investments? And if I said "here's an investment that for the past 60 years has increased significantly in value across any two data points 15 years apart" -- sure, that's not a guarantee, but it's a darn good indication it's not a bubble.
And remember, the alternative in the OP's case is to buy a motorhome that will definitely depreciate. And they'll need to pay space rent as well, which is 100% guaranteed not to return any value.
And let's say you live in NE Ohio and spend little on your home and put the rest in the bank... unless you accept 2% returns your money is at risk as well.