Home Forums Hunting & Shooting Hunter's Campfire Dow Jones: Buying opportunity?

Cumminscowboy, Stromin and Sharecropper , you are all right. The thing is, Sharecropper know what he is doing in stocks, the other two know real-estate . Peter Lynch said, " buy what you know. My dad did extremely well in rental houses in the far suburbs west of Milwaukee. He bought 1 ac. lots for $4000 and built some nice houses on them. At 84 he still refuses to sell them. But he was a carpenter , and could frame houses in a few weeks, have them done in 6 months. We would live in them, then build another and rent out the one we moved out of. I hate the rental life , so I took the money and bought REITS when several house bids fell through. I would rather have a house I can see with my eyes. I am making the same money as the rental property with the same amount of money. I dont get calls of whining people being short on rent. Dad just put 4k into a roof too. Alhtough , I am getting hammered in real-estate the last 2 weeks, I think it will come back, even though AGNC cut div. by 10%. I just get dividends reinvested and I sleep at night. I am not sure I am better off with the REITS or renting a house but the REIT is easier.