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I look at it like this - If you could buy a business that was guaranteed to make you 1k-1500/month every year for the rest of your life, while also having some

by nhangen 15y ago

I look at it like this - If you could buy a business that was guaranteed to make you 1k-1500/month every year for the rest of your life, while also having someone pay most or all of the loan required to buy said business, would you do it? I sure as hell would (and did).

davidandgoliath 15y ago
There's that word again -- "guaranteed". Not that making assumptions is a bad thing as the worst case scenario is bankruptcy along with everyone else, but never assume the market is going to remain where it is. $1k-1,500 a month when your neighbor is renting out at a discount is not going to fair well.
- nhangen 15y ago
  There were no less than 10 houses for rent in my neighborhood when I moved, and it's been full ever since. The market for some place to live is endless, and arguably more competitive than the buying/selling market.
  - Goladus 15y ago
    In some places, yes, but not everywhere.