Originally Posted by
Gunfighter
The S&P returned 462% since 2006 or 9.88% compounded annually. It would have been a winning trade given that mortgages over that period ranged from 3-7%.
An even better play would have been gradually rolling the market position into RE over that period. A hypothetical pilot could have acquired one property per year over the decade from 2006-2015 and built a portfolio of income producing property that exceeds their Delta income. My only regret is that I didn't fall victim to the scam in a bigger way.
I was told I was absolutely stupid by my captain that I didn’t buy a Florida beach rental condo in 2007 like him with the Alpa claim/note. You know, the condos people were flipping that all went bust? And the ones who held out had to pay larger and larger shares of the HOA pots on saltwater maintenance and FL landscaping? Glad RE worked for you!
. The Great Recession was not kind to a number of others.