Originally Posted by JerryFF
For years people have told me how they have been making money in real estate and urged me to spend just a little time learning some very safe and basic strategies. I told them I didn't have the time, that I was doing fine with my finances and investments.
Now I have over a million miles and points in various programs and they have over a million dollars (actually several millions) and I am wondering how I could have been so blind and unwilling to be converted.
Let's not be too arrogant. Today, I know a hundred times more about miles and points than they do but I would gladly trade my miles for their money.
Are these comparable?
There is great deal of risk for that reward in the property market. Property is not a very liquid investment and real estate prices were never guaranteed to increase. Not signing up for a FF program is leaving money on the table. It's yours for the taking, you have already paid for it.
These elite deals are not guaranteed either, however. The Economist keeps writing that FF miles are the most over valued currency in the world, so there is a risk of devaluation but you are never going to go upside down on your mileage mortgage......