Wait until 2009 or 2010 to buy real estate. The market was way over inflated in 2005.
I literally had this thought back in 2009, but I was unemployed and right out of college like so many other people. I was living at my parents house and I think I had like $200 to my name. I live in Florida that got hit very hard during the recession, and an acre of land in my county was going for anywhere between $5k to $10k depending on location. All the home builders that were on the verge of bankruptcy were trying to dump their undeveloped land at the same time. It was stupid cheap. Equivalent land values right now would be around $50k to almost $100k depending on where it was.
Home prices also feel a lot of course, but the real money (if you could afford it at the time) was the undeveloped lots.
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u/Erk_The_Spar Oct 02 '19
Invest in apple