The question is how long do you want to ride out the investment? See my post above. I have money tied up in my businesses, housing, investment property, money markets, 401k, IRAs, short term CDs, etc. Diversify my friend.
You know I was living OK in NY on about 55k a year… I am living much better now and have increased my net worth and income by more than double through real estate. You just have to know what you are doing and get yourself in position to get the best possible deal. You know I still have hook ups in WNY for real estate, foreclosures, lenders, etc.