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The home you bought in 2006 was supposed to keep going up exponentially in value too, wasn't it? After all, real estate had NEVER depreciated before...
Yep, this was my thinking when I purchased two rental properties ... JUST BEFORE the housing market crashed!
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Real estate has always had ups and downs just like any other market. Dig up some info on the 90's housing market bubble and crash. Not as bad as this one, but bad nevertheless. It took some folks 10 years to regain the value in their homes. In fact, over the last 60 to 80 years, real estate has
averaged only 8% or so in returns. Basic mutual funds have averaged better. I"m not sure Wyatt meant that it was an investment vehicle so much as he was saying that the gun being purchased was a fine choice. I am just collecting the guns I want in my collection. I have other investment vehicles for saving and increasing wealth.