re: plenty of greedy gen x and gen ys, page-8

  1. 17,117 Posts.
    re: plenty of greedy gen x and gen ys alan P
    there were a few posters on this site about the year 2000, they thought the resi market had just about peaked, they said they were sellig their homes and renting, then buy back cheaper later
    I believe they were putting the money into the stockmarket
    so in hindsight lets see how they went................
    you could buy property then for about 150.000 to 300,00, now the same is worth 350,00 to 650,000
    and the dot com crash took out a lot of people, and wiped out in some cases 80% of the investment
    so put in 150,000 stocks lose 120.000 = 30,000 left and no house
    cheers
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.