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But they offer 10x leverage with the right first time buyer incentives. Invest 50k, earn 4-12% in appreciation on 500k.
by djhn 6y ago
But they offer 10x leverage with the right first time buyer incentives. Invest 50k, earn 4-12% in appreciation on 500k.
- brianwawok 6y agoOr lose 10-20% or more (see Vegas 2008) Also the average cost to sell a house is around 10%. So 10% appreciates means you walk away with what you put in.
- lbotos 6y agofor those curious, here's Vegas data: https://fred.stlouisfed.org/series/LVXRNSA https://fred.stlouisfed.org/series/LVXRNSA
- brianwawok 6y agoI am shocked at how much it has recovered since the bottom.
- mvanbaak 6y agoYeh, ao let me tell you a story: 2008/2009 happened. My house dropped over 70k in price because crisis. So nope
- lbotos 6y agoDid the value never recover?