We know our readers love a good finance debate. Given the market these days, we think it’s about time to air our thoughts on housing market crashes. We don’t exactly see eye to eye on this matter, and would love to having our readers weigh in on who’s argument they side with.
The debate begins!
Miel: Given that we currently have $605k in real estate assets, I think we are better off seeing a leveling off of real estate than an all out burst of the bubble. We are likely to only hold on to these properties for another five years. I think we’d be better off maintaining the value our properties currently have than to put more money into the declining market and have more ‘greater’ assets are a declined rate.
James: Even though so much of our money is tied up in real estate, I’d love to find some good cheap real estate to purchase while the market is down. Ultimately the market will go up, and we’ll be better off. I could be talked into purchasing some REITs (Real Estate Investment Trusts) which would give us exposure to the real estate market but without the hassle.
Of course we both question having the time and energy to both with another invest place, but that’s another debate.
Miel&James
