You got to love all these baby boomer aged investors giving advice on how to get rich. Most my age never got the chance to buy property ridiculously cheap, and are now having to rent it from the boomers.
Not sure how old you are, but did you consider property in Florida or Detroit during the global financial crisis? Planet Money had the story of a girl who bought a house for $12,000 and rents it at $700/month:
I'm not saying it's easy (hey, I didn't do it myself). But there have been opportunities. You've got to put the effort into finding the opportunities & be brave enough to jump in & take the risk.
http://www.npr.org/blogs/money/2012/03/09/148218539/this-14-...
I'm not saying it's easy (hey, I didn't do it myself). But there have been opportunities. You've got to put the effort into finding the opportunities & be brave enough to jump in & take the risk.