90% of Bigger Pockets will never take action on REI
Today is Thanksgiving. Lots of time to talk shop, politics, or real estate investment with family and friends. I just spoke to acquaintance of in law, and he mentioned purchasing home within a year. I spoke to him about repairs and the need to get good at repairs or need to pay someone. The look on his face was glossed over. It's fine, its just small talk.
However, it got me thinking, I speak to a lot of people, family, friends, co-workers, and even people on BP. Only 10%, one of ten, people that I come into will ever take action and buy real estate as an investment. This percentage is also what Brandon of Bigger Pockets says.
Why is this? Of course real estate is just one investment tool, but historically it is the greatest wealth builder. Also, the current market conditions are good in terms of interest rate, economy, jobs, etc. I get the talk of peak cycle and future will be down turn. However, I think there is a still a good 2-3 years upturn, then can re-valuate again.
Terry