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I've done better with my home investment than I have with my managed investment funds. I bought my flat in 1994 for $107,000 and it's now worth $715,000 after M

by mrlyc 9y ago

I've done better with my home investment than I have with my managed investment funds. I bought my flat in 1994 for $107,000 and it's now worth $715,000 after Melbourne had the same rise in house prices as San Francisco. Two problems, though. (1) The money is locked up. I can't take a couple of bricks down to the travel agent and exchange them for tickets. (2) I am locked up. Google wants me to work for them but are quite insistent that I move to California. I guess remote work can only go so far.

jjeaff 9y ago
Some people do better in the lottery than their managed investments too.
- tonfa 9y ago
  And that's less than the return of the s&p in the same period (~880k).
  - jjeaff 9y ago
    Well, I assume you are calculating as if you paid all cash for the house. With a mortgage, you leverage quite a bit. Most would never be able to leverage that much to invest in the stock market.
throwaway30yo 9y ago
You could get a HELOC?
toasterlovin 9y ago
Home equity line of credit.