Rich flocking to real estate

November 30, 2009
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A Barclays survey shows people with more than $800,000 to invest are steering clear of stocks and bonds, and moving into real estate. Click here to see a story about the survey.

The wealthier the person, the more likely they are to prefer real estate, the British bank found. One reason is, they believe real estate, both residential and commercial, is a good investment given the depressed prices.

Aside from their home country, the respondents felt the United States held the greatest real estate opportunities.

What about the Indianapolis area? Would you rather have your money in local real estate or in stocks and bonds?

 

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  • I'll take bonds
    daisydogNovember 30, 2009 2:04 PM
    Indy real estate is likely to show a growth of less that 4% per year for the near future.
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  • Lemmings.....
    Joe SchmoeNovember 30, 2009 2:06 PM
    And the "rich" are never wrong...
    TRUE - Real estate is considered more of a "tangible" investment because the investor can physically and visually assess the asset.
    FALSE - Real estate is a safer investment with more upside and less volatility than stocks/bonds.
    Despite what the NAR - National Association of Realtors (aka National Association of Racketeers) may suggest (without bias of course), real estate has not yet bottomed. If you disagree and see the Obama plan as inspiring economic growth & prosperity, then I am sure you will become a millionaire, assuming you are already a billionaire.
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  • Recreation
    MidwesternNovember 30, 2009 4:15 PM
    Stocks come and go (up and down), but a good piece of real estate cannot be recreated. Although it is a risk, keep in mind urban sprawl, urban renewal, and rural development. Just do not consider real estate a very liquid asset as it takes time to turn.
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  • Pending
    Different JoeNovember 30, 2009 4:45 PM
    All investments (housing, stocks, bonds, gold, etc) are all about timing. Reguardless if you are buying into one thing or another, it is an investment of sorts. For instance, If you decide to (right out of the gate), rent - you will get an easy pay in - no pay out (out side of instant living space). But if you buy a house, you will get a pay in - and pending on market and the investment along the way, pay out lower, higher, or even out from what your buy in market value.

    Granted, the house investments are much longer than your stocks/bonds investments, but all investments are risks, risks you will have to weigh yourself on. This is not a Democrat issue, not a Republican issue, but an issue of how YOU are investing YOUR money in whatever market you invest in. Just gotta act responsibly and wise when investing in the given market.

    Since I am new in the market, I am looking more towards a home than stocks or bonds right now. I can get more use out of a home. Granted, I will have alot more investment in my end, but I will have more (not complete, but) control of the investment output because of that.

    Tell me, Joe Schmoe, Do you own stocks/bonds or even a home? If so, when did you put yourself into that(those) investment(s)? Was it during the worst time in the market (at a high point)? I will agree that we haven't seen the bottom of the housing market yet, but no matter what, we will always need a place to live.
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  • I'll take risk
    Joe BrokerDecember 1, 2009 8:11 AM
    Predicting the bottom is worthless. RE Traders don't make $ by predicting the bottom, they make it by purchasing on a swing. Aiming for the bottom is obvious but buying just before the turnaround or on the way up is the goal. Same with selling, sell near the top, don't guess when you're there-otherwise, you could be the idiot with a bunch of property in the next downturn with nobody to occupy/buy it (see Duke). If that's too risky, I'll sell you a bond and give you back a bond + 1% in 5 years.
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  • Land
    FrumiousDecember 5, 2009 6:00 PM
    "Stocks may rise and fall, utilities and transportation systems may collapse, people are no damned good... but they will always need land, and they'll pay through the nose to get it."
    â??Lex Luthor
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  1. Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.

  2. If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.

  3. John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.

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  5. Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.

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