Yes I know the stock market is up - but only because there is no other place for most to try to make some money.
Out here in farm country, there was the very real possibility of making big bucks in real estate (farms) until very recently. Some of the most productive ground selling for over 5 figures/acre. Coming back down now, mainly because corn is under $4/bushel. But if you bought before corn and soybean prices really took off, and sold before they started to come down, there was a lot of money to be made. Like doubling your investment, in fairly short order. The average price/acre of Iowa farm ground is still just under $8K/acre--which I think no one would have predicted just a few years ago.
But now is definitely not the time to buy.
