Quote from: yanka50 on November 07, 2015, 11:08:04 AM

Quote from: deliciousowl on November 06, 2015, 09:23:51 PM

Honest answer? Tiny apartments near massive, stable job creation locations bought during a recession. At larger scales, industrial real estate. And in my personal opinion, Bitcoin (very long-term). The rest is tricky and I personally try to stay away from other investments.

I am with you on this one, real estate is a great way to invest your money.

The good thing about real estate is that you get rent paid every month and you still have your money, but are not able to spend more than a fraction at a time. This also limits spending sprees and encourages you to be frugal. And after 8 - 12 years its 100% profit, while you could still sell the property. Just don't buy at the peak of a bubble.... If the apartment is small AND fancy in a popular location, you can rent it out on a weekly basis to tourists for much higher amounts.

I think in Hungary there are currently lots of options to buy small apartments for dirt cheap ($30,000) at the moment. A real estate mogul friend of mine told me it would be a good idea to invest in that, but I haven't researched or looked into it. Please don't take my word for it, and do your own research. These are just ideas. He basically said it as a fleeting comment so I don't even know whether he looked into it that much or not. Someone else told me Hungary is too expensive for real estate... but that person didn't know shit to be honest.

What I thought was hilarious is that a friend of mine in the UK lives in fancy hotels throughout the entire year because with deals, negotiation and all the services provided it is much cheaper for him than to rent an apartment. He does own a property but he doesn't plan to live there, so it's rented out for a higher price than he pays for hotels. Ridiculous...