Quote:
Originally Posted by GordonJ
Dien,
To a person, they ALL have Real Estate investments. Most who had rental properties, to people, have gone out of that business, and favor leasing RE to Businesses. It was the ONE common denominator, no matter how they made their money, they all went "safely" into RE. Land and especially box type warehouse spaces, which can be easily reconfigured to suit many businesses.
Services to products, to inventions...and then into Real Estate. And I took note, most do not have retail stores...but a big box? A sure thing.
|
Hi Gordon,
Thanks, that's fascinating!
I know many people consider buying real estate to be a better alternative to putting in the bank. Instead, buy land and lease it out, and (if you buy smart) you should do much better than keeping your money in the bank...
Of course, not everyone buys land with their excess cash. Some people buy other investments, such as expensive watches, antiques, gold, or stocks...
I didn't know that many people prefer commercial property, though! To my understanding, at least here in Australia, with office property you could have longer periods when it's empty... But when a business leases it, they're more likely to stay long term too. (At least that's what I've heard!)
Best wishes,
Dien