That’s a popular question right now. Lawrence Yun, the chief economist for the National Association of Realtors, reports that an investor who bought a property in Las Vegas five years ago would be ahead by $150,000 today. The gain would be $200,000 in Miami, and $54,000 on average for the U.S. as a whole. Those who bought during the boom and tried to sell quickly face a potential loss, but real estate investors who plan to hold for their investment for a reasonable period of time, are doing quite well. The $10,000 they invested as a down payment on a typically priced home for the typical 5% annual appreciation will net $110,000 over 10 years. That same $10,000 invested in stocks appreciating 10% annually will return $23,600.