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And the biggest reason people buy housing is that its been the best investment. The wealthiest people I know are the people that bought houses a long time back
by rr888 4y ago
And the biggest reason people buy housing is that its been the best investment. The wealthiest people I know are the people that bought houses a long time back and kept leveraging up into buying more.
- hnuser847 4y agoThat's the path I'm on right now, not because I love being a landlord, but simply because it's the best investment available.
- megalord 4y agoAnd that's exactly why are houses so damn expensive all over the world. Boom
- pharmakom 4y agoEquities have a higher return historically. Housing is interesting though because mortgages offer huge leverage to retail investors.
- rr888 4y ago> Equities have a higher return historically Maybe in the USA. In other countries real equity returns have been negative for decades.
- pessimizer 4y agoHousing only started beating inflation sometime in the late 90s.