A Quote by Jane Bryant Quinn
Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?
Related Quotes
I've been buying real estate because it's an asset I can control, that I could finance extremely cheaply if I chose to. I do not choose to; I buy my real estate in cash. I'm not interested in making money on it. I just want to keep my money safe.
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
Attention is a bit like real estate, in that they're not making any more of it. Unlike real estate, though, it keeps going up in value.
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
Nobody makes art for an elite, not if they're a real artist. You try and reach as many people as possible with whatever it is that you make. If a chef is making an omelette, he wants everyone to think that it tastes great because he did it. And if it does, then that's a success because everyone eats it.
Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.
Real estate is the best investment in the world because it is the only thing they're not making any more.
I made a tremendous amount of money on real estate. I'll take real
estate rather than go to Wall Street and get 2.8 percent.
The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.
I don't like losing money. I don't go gamble. Because I don't want to lose any money. I didn't grow up with any money and I'm not going to go gamble and lose money.
I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.
There's nowhere in the country that I can't go or won't go. I think it's because I've worked on making my show where everyone can understand it, everyone can relate to it, and no one feels like I'm alienating them.
Real estate is the best investment for small savings. More money is made from the rise in real estate values than from all other causes combined.
On the set of an independent film you can tell that nobody is doing it for the money. Everyone is there because they love the script. A smaller budget sort of unifies everyone; it's a real team effort and that's amazing. But these opportunities just don't present themselves that often for me, so basically any chance I get to do something different I jump on it.
I didn't know there was something really wrong, because everyone was crazy. It's just that everyone else was still functional. I didn't realize that I was any worse off.
Related Authors
Ambrose Bierce Quotes
American
Journalist
Andy Rooney Quotes
American
Journalist
Ann Coulter Quotes
American
Journalist
Anna Quindlen Quotes
American
Journalist
Bill Vaughan Quotes
American
Journalist
Dave Barry Quotes
American
Journalist
Dennis Prager Quotes
American
Journalist
Erma Bombeck Quotes
American
Journalist
Fran Lebowitz Quotes
American
Journalist
George Will Quotes
American
Journalist
Glenn Beck Quotes
American
Journalist
Hunter S. Thompson Quotes
American
Journalist
Mignon McLaughlin Quotes
American
Journalist
Molly Ivins Quotes
American
Journalist
Rachel Maddow Quotes
American
Journalist
Walter Lippmann Quotes
American
Journalist