Since the end of 2002 the number of real estate clubs affiliated with the National Real Estate Investors Association has grown 300%. And since 1999, the number of stock market clubs has dropped nearly 50%. This may be in part due to the increase in independent investors using real estate investing CRM over playing stocks these days, but the trend is interesting to note regardless.
Remember back when all water cooler, coffee house, and cocktail chatter revolved around stock picks, options, and un-realized capital gains? These days? Houses, appreciation, and un-realized capital gains. Or as one Yale economist notes, “The explosion of real estate groups is symptomatic of the shift of our exuberance from the stock market to the housing market.”
The good news, it’s easier than ever to find a Bay Area real estate investors club. The bad news, it’s easier than ever to find…
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· Real estate investment clubs build up [USA Today]