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.... and he ends with this sentence: By the way, this is going to sound like a contradiction: but I think housing is a great investment right
by ajays 16y ago
.... and he ends with this sentence:
By the way, this is going to sound like a
contradiction: but I think housing is a great
investment right now.
Go figure.
- mrkurt 16y agoHousing is an investment, a home is not.
- nuxi 16y agoOf course it is, just not the monetary kind.
- jaltucher 16y agoYeah, go buy a REIT or a housing-related stock. Then you haev all the investment benefits of owning a house EXCEPT - you don't have to pay extra taxes - no maintenance - you can sell any second you want. So go figure.
- billswift 16y agoAnyone who takes advice from or goes into business with someone who could write "EXCEPT - you don't have to pay extra taxes - no maintenance - you can sell any second you want" is an idiot and deserves anything bad that happens as a result.
- nir 16y agoCould you explain? I think the intention is that you earn from the housing market's growth while keeping your investment liquid?
- billswift 16y agoThe problem is in the first two - taxes and maintenance. You are still paying your share of them. You are likely paying more, proportionately, than you would if you owned the property directly, because you are also paying someone else to handle them for you.