Should have gotten out during the boom!!
[QUOTE=MrEnternational;2341292]I have a buddy that has been down there ever since I can remember. Back in the day he bought places to rent out. Now the only reason that he is still there is because he can not get all his money out from selling the places he owned.
When you rent you can pick up and walk out at anytime and you have someone to fix shit that breaks. When you buy, you could be creating a headache for yourself. Also, buying is a young person's game. If you are over 60 then do you really want to be buying shit? A joy of being older is that you no longer have shit that ties you down, e.g. wife, kids, mortgage, job.[/QUOTE]I know a few people who sold during the economic boom. Right after brasil was chosen to host the Olympics, the price of real estate went thru the roof, almost all of my friends sold their places for BIGGGGG profits!! Brasilians were responsible for the economic real estate boom in Miami, many sold their apartments for millions and then bought beach front condos in Miami while the economy was still recovering in America.