30 years ago yeah. right now its one of the worst things to have. technically its not even an "investment" anymore. its just a product you buy as is.
unless you rent out for profit or something, but thats a whole different game.
That's not true, many urban cores of America are in the process of being revived. One of those cities is Detroit, Detroit has battled with mass home foreclosures for years, however, now that many foreign investors found out about these outrageously inexpensive homes and lots, they're buying them up like toys. The same thing will happen in Baltimore, the Bronx, Philadalphia, Los Angeles, and almost every other city. It's happening. It's a great to invest, maybe better seven years ago though, during the financial crCIA.
Not to mention, throughout the United States there is so much empty land that could be used. If you drive through most of the Mid-West, it's all fields, farms, and more fields. America is one of the few 1st world nations where land is available just about anywhere for ~$10,000 per/acre. With all of these Central American and Mexican immigrants coming in like crazy, and Chinese investors putting their money into America, it's a given that people will start buying a lot of these things up.
Isn't the real estate bubble about to pop again?
No, the market has recovered greatly, and more young people are buying their own homes more than ever (since 2007).
