My rent is even cheaper. $455 a month in a rural area. Only problem now is Intel is building a huge plant about 10 miles away. Shits gonna get pricey soon!
MESO-Rx
Anabolic Steroids
Owning a home
- Thread starter Ridethelightningbarefoot
- Start date
Buy a house now while you can. Then sell that mufucka once Intel is done building. Or you could even just buy a big plot of land and then sell it to a developer for them to build a subdivision on, depending on how big the plant is going to be and how many people it will employ.
Not a bad idea. It's a 20 billion dollar operation on a 1000 acre site. Supposed to create 3000 jobs and 7000 construction jobs
Yeah man that's where the money is at. I have invested in real estate and am quite familiar with this stuff. All the land around tat area will skyrocket in value, developers will be lookingnto buy it up to build subdivisions for people.
It's Intel, so they will be building bigass expensive houses too and really nice neighborhoods. This is the kind of thing that gets farmers RICH. They own X acres and then some developer decides to buy it for 10 million because they knownince they chop it up into residential lots they'll make a 60 million return.
Just something to look into. If it has already been announced then it might be too late, people may already be taking action or asking top top dollar for their properties because they know about the influx of high income families that will come a couple years down the road.
TrenTrenTren
Banned
Me too. If I didn't have kids, I live in a fucking tent. Fuck it.
malfeasance
Member
Opportunity.
Time to start investing in property.
Commercial property, especially, but even residential - all those workers are going to need a place to live, and you can be renting to them.
MR_Midas
Member
This is a very good option, you need to think about it well.
MR_Midas
Member
More and more I think about investing in real estate, the more I read, the more I want to do it.
malfeasance
Member
Just be careful about borrowing. The risk is in the leverage.
The thing about it is that you are in control of your money, it is active investing.
If you hand someone else $100K, they didn't work for that money, if that money is lost eventually they might be out a job, but you're out your future retirement.
You buy a fixer upper, you do the work and sale it and pocket a $25K profit for 2 months of work. Then you get another and do the same and over and over.
Pretty soon you don't have to work for anyone else, you answer to no one. That's the good life, it's freedom and you're gaining confidence because you know you're not dependent on anyone else or a career that you could lose eventually for any number of reasons.
The only challenge for most people is to get the money for that first purchase, that requires saving and people might not be able to do that with the cost of living the way it is today.
MR_Midas
Member
It is true that the main problem is the starting point and the first capital that needs to be earned. And there already the variant of a mathematical progression fully works.
MR_Midas
Member
Many people forget about these risks and do not take them into account. And then already when faced turns into a big problem.
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