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Real estate
Investing in real estate: worth it or not?
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[QUOTE="Mika, post: 265279, member: 29399"] You need a lot of money to invest in real estate. If you want to invest in a house, you might have to invest $200-$300K. If you don't have that kind of money, you will be required to get a mortgage to finance your house. When you are financing your house through a home loan, you will have to make a downpayment which could be 20-25 percent. If you are supposed to make a 20 percent down payment for a house of $300K, you need $60K, which is already a lot of money. Since a lot of money is involved in investing in the real estate market, real estate is considered a risky market. When the market goes down, it takes years before it regains its value. When you will encounter a substantial loss, you might have to sell during the market crash which will be a big blow for you. [/QUOTE]
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Investing in real estate: worth it or not?
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