/biz/ - Business & Finance

tl;dr

Real estate is an investment like any other, it's just that for a while (no longer though) the banks were pushing through bad loans, and then placing bets on them.

Buying a house (or 3) for yourself and your family is all well and good, but unless you find an area in which property is undervalued...it's a fool's game.

Let's say that Detroit could get on par with New York City in 20 years though...if that were the case and someone invested right now, yeah, they'd be loaded.