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I've heard it said that real estate is a risky investment. On the other hand, it's really hard to raise a family of four in a mutual fund.
by riprowan 10y ago
I've heard it said that real estate is a risky investment.
On the other hand, it's really hard to raise a family of four in a mutual fund.
- enraged_camel 10y agoI don't understand what you mean. Raise a family of four on a mutual fund? Why do you feel that you need a mortgage in order to raise a family of four? Why not rent?
- reitanqild 10y agoIt's kind of a joke or a proverb I guess since both houses and funds are investments with a certain risk but houses also double as a place where you and your family can live ;-)
- tptacek 10y agoBecause moving a family of four is extremely disruptive for everyone, and it's very rare to have more than a year's security with a lease, even with a good relationship with the landlord. Not only that, but if your kids are school age, there's serious pressure to find a new rental in the same school area, which makes shopping for a new home that much harder.
- enraged_camel 10y ago>>and it's very rare to have more than a year's security with a lease, even with a good relationship with the landlord. Huh? Landlords prefer stability as much as tenants. Very rarely will they say no to a multi-year lease. They may want to add the option of rent re-evaluation after the first year, but from a landlord's perspective it is very difficult to find good tenants, therefore the longer those tenants stay the better.
- tptacek 10y agoNo landlord I have ever had has ever agreed to a 2-year lease. There's no "huh" about this point: if you rent, your tenancy continues at the pleasure of the landlord. That's not a fun place to be if it's important to you to provide a stable address for your kids for the next 10 years --- and that is usually pretty important.