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By LiveWorkDream · Posted
That is EXACTLY why we purchased a property in 2021, after not having one for many years. It was terrifying not having a place we could go and feel at home. We squeezed in right before interest rates went up. -
By LiveWorkDream · Posted
LOL thanks for calling me a youth! I'm 54. You're right, that's high interest. The highest we've ever paid was 8.75%. Great points about being frugal. -
By Lou Schneider · Posted
Should be OK. The road to avoid is CA 36 between Red Bluff on I-5 and the coast. -
By Lou Schneider · Posted
The Pandemic may have influenced the latest poll. Many fulltimers found themselves with nowhere to stay when the government shut down recreational facilities nationwide including most campgrounds. My lot in the Pahrump co-op saved me from a similar fate when "two weeks to slow the surge" stretched into several months of a total shutdown. Having a place where I could go and ride out the closures was priceless. -
While I'm not trying to speak for Rod, it sees to me that the point was to see what other's opinions on the issue are, and that was successful. To me one of the more interesting aspects of the poll is that it seems to have changed significantly since a similar one was run about 15 or 20 years ago. While that may be true in the recent past, over the long term, Investopedia has a very different opinion. In terms of averages, stocks have tended to have higher total returns over time. The S&P 500 stock index has had an average annualized return around 10% over very long periods (higher if you include dividends), while average annual real estate returns are often more in the 4-8% range.
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