4 ms·
Hmmmmmm... As someone with family in Boston and who plans to return there, I really want a some way to invest 20% of my IRA contributions in the Boston housing
by afarrell 10y ago
Hmmmmmm... As someone with family in Boston and who plans to return there, I really want a some way to invest 20% of my IRA contributions in the Boston housing market until I can actually afford to buy a house there and move back.
I wonder if I can help someone else hedge against the market going down.
- eru 10y agoSlightly related, they have housing cooperative in Germany, especially the East. You can own a share, and get much reduced rent in return, in any of the cooperatives apartments and houses in the city. Depending on how well they do, they might also pay a dividend, but mostly the owners of the cooperative are also the renters, so generally they rather keep the rent down than make a profit. I know old people who `paid' for their shares by working on building sites for these very houses in the 50s and 60s. See http://www.wohnungsbaugenossenschaften.de/genossenschaften/how-cooperatives-work http://www.wohnungsbaugenossenschaften.de/genossenschaften/h... and https://en.wikipedia.org/wiki/Housing_cooperative#Germany https://en.wikipedia.org/wiki/Housing_cooperative#Germany