Comments on: Young Jeezy’s Guide To Beating The Recession http://www.complex.com/blogs/2008/10/13/young-jeezys-guide-to-beating-the-recession/ Buy. Collect. Obsess. The original buyer's guide for men. Mon, 23 Nov 2009 08:59:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Melody http://www.complex.com/blogs/2008/10/13/young-jeezys-guide-to-beating-the-recession/comment-page-1/#comment-12819 Melody Wed, 15 Oct 2008 21:00:25 +0000 http://www.complex.com/blogs/2008/10/13/young-jeezys-guide-to-beating-the-recession/#comment-12819 This is ridiculous in every way, but I absolutely have to call his bluff on #2. People who invest in real estate right now are going to be seriously f***ed in the long-term. Real incomes are not rising, and won’t be for at least a decade. If you’re buying a home as an anything other than a place to put your head down at night, you ain’t gonna sell it for more than you paid, like, ever. This is why the housing bubble is popping right now! People have mortgages for more money than their house is worth (because the house’s worth is determined by how much another buyer is willing and/or able to pay). We haven't seen the lowest prices yet, and won't for a few months now. Wait 5 months before buying that “investment property” (that's when I'm betting the market will fully crash), and plan on cashing out in two decades, in order to make a profit. On the other hand, I wouldn’t mind someone like Jeezy as my landlord. I’d always pay on time, so he’d never have to shoot me, and I could probably “barter” a few things against my rent. This is ridiculous in every way, but I absolutely have to call his bluff on #2.

People who invest in real estate right now are going to be seriously f***ed in the long-term. Real incomes are not rising, and won’t be for at least a decade. If you’re buying a home as an anything other than a place to put your head down at night, you ain’t gonna sell it for more than you paid, like, ever.

This is why the housing bubble is popping right now! People have mortgages for more money than their house is worth (because the house’s worth is determined by how much another buyer is willing and/or able to pay). We haven’t seen the lowest prices yet, and won’t for a few months now.

Wait 5 months before buying that “investment property” (that’s when I’m betting the market will fully crash), and plan on cashing out in two decades, in order to make a profit.

On the other hand, I wouldn’t mind someone like Jeezy as my landlord. I’d always pay on time, so he’d never have to shoot me, and I could probably “barter” a few things against my rent.

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