I saw an interesting comment in a newsletter I get. The editorial was called "Why I love real estate". The author then went on to compare real estate to stocks. His point? Google shares, less than one month ago, were trading at $475. They are now trading at $368. No house purchased for $475K would be suddenly worth $368 in three weeks.
So, keep that in mind when thinking about a real estate purchase. Even when markets in real estate go through "corrections", they rarely lose the kind of money or percentages that you can lose in the stock market. It's not that it can't happen, but it certainly is rare.
Michael
