Buy a GTR or a House?

Originally Posted by Cmike2780

Tell that to the people who bought a house in Vegas, Arizona, Florida etc... It varies by location obviously, but for the most part, in weaker markets, it might not be another 15 years before the market value rebounds. The supply as of now, far exceeds the demand, hence the increasing amount of people "underwater" with their house. Just as an example, my uncle bought a brand new house in Jacksonville, FL about 3 years ago for about $250k. Really nice house and far larger than anything you could find in NY for the same price. It's valued at around $180k now. He's pretty much stuck there now unless he takes a huge loss. Scary thought should the unexpected happen like a layoff.