There’s only so much real estate available. It’s tangible. The value will always go up in long game.
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To have equity.
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Should he just buy gold instead?
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Wrong answer
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Because you don't want to short inflation.
@LoganMohtashami for more detailed breakdown on the housing market health. Although, CA and other high tax states are cooling.Thanks. Twitter will use this to make your timeline better. UndoUndo
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You can do a 30 yr comparisons of renting vs owning.
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Inflation? Buying property is a usually a good investment. Especially if you buy in CA or places where houses hold their value and appreciate.
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Because supposedly being a property owner puts you on a different wealth accumulation curve because you have an equity shelter. or so I'm told
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Grant Cardone, Peter Schiff, and Gary Vee are on the side of not buying a home. That’s decent company to be in.
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The flip is that for the average person, not having a paid for home by retirement age is an intolerable burden on the monthly budget.
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Did those permabears make you rich shorting real estate since they opened their mouth? Grant will definitely tell you the market is at a scary point, so he can sell you his syndication deals, because he's the expert
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No, I’m not rich. I was simply laying out that there is a school of thought that rejects home ownership. Not here to white knight for Cardone or anyone’s else.
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Schools of thought are a dime a dozen. Serious investors have them yes, but they take action and take responsibility for their success. Those furus will not take responsibility for making you miss the 2010 bull market
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You seem really worked up about this and have a lot of assumptions about me. Have a good one.
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Because it fixes your housing costs. Taxes go up but...
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Better to pay rent to yourself in the form of a house payment than a landlord.
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I understand there’s probably reasons not to own but I’ve never been of that school. There’s safety in owning your bricks outright. That’s why you should never take second mortagages.
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