PROPERTY IS REAL YOU CAN PUT YOUR FOOT ON IT. STOCKS ARENT REAL ARTHUR
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Replying to @thelindsayellis
Just because you can put your foot in a house doesn't mean its value can't rapidly dwindle to nothing for reasons you don't understand or control
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Replying to @arthur_affect @thelindsayellis
Also, someone can buy some shit stocks for hundreds/thousands of dollars. Buying real property and keeping your hands on it takes more than that.
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Replying to @TheLegalV @thelindsayellis
Actually buying a house to flip it or rent it out is a huge hassle (and a lot of Internet leftists would argue forces you into an unethical position) Buying the house you live in isn't "investment" but consumption (you can't get the money back out without risk to your lifestyle)
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Replying to @arthur_affect @TheLegalV
it very much is an investment lol aaaaand conversation muted
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Yeah, my house was a domicile and investment, and selling it after 25 years helped fund a different lifestyle.
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*shrug* That "classic life plan" (buy a house to start a family, sell after the kids move out and live on the proceeds in a nice apartment or retirement home) is now failing en masse for affluent boomers
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The reality is that the stock market has shown consistent growth above inflation over the long term while it's existed and the housing market actually hasn't, it's flat Housing as a whole doesn't get more profitable/valuable over time at all
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Picking a neighborhood/house that will show significant appreciation until the time you're ready to move out is certainly possible but it's gambling just like picking stocks And your own personal life strongly affects that gamble (being forced to move too early)
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From what i understand real estate generally isnt that good of an investment if you want to actually make money. It's good if you want to live in your house. Houses dont generally go up in value outside of market forces and take a lot of effort and money to maintain.
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Right, it's a consumption decision, not an investment decision (it's making a bet you'll be staying in one place long enough that you'll be saving money over the cost of rent and gaining the benefit of not having a landlord) Not saying it's a BAD decision but it's not investment
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