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They're up because housing has virtually no supply and massive demand, though. Houses are terrible assets as investment vehicles as they have very low returns a
by OldTimeCoffee 5y ago
They're up because housing has virtually no supply and massive demand, though. Houses are terrible assets as investment vehicles as they have very low returns and high disposal costs. They're really a last resort unless you want to be a landlord.
- jraby3 5y agoI disagree with this comment. Real estate can provide solid 5-7% after tax returns (in parts of the US) and due to leverage and low mortgage rates, a small annual increase in price can greatly increase the value of your investment. Most people only think of real estate as local, so if you look for returns in nyc or SF, you’ll be disappointed. But if you are willing to invest in property across the US you can find areas with much lower prices and higher rents.