3 ms·
Anyone that works full-time has a high probability of owning a home, just not necessarily in their current city. Not saying that's a good thing, but supply con
by exclusiv 4y ago
Anyone that works full-time has a high probability of owning a home, just not necessarily in their current city.
Not saying that's a good thing, but supply constraints and build costs are here to stay for the major metros. Interest rates and remote work being indefinite should help with prices and create buying opportunities for some in larger cities.
But it's better to play the real estate game by being pragmatic about what you can afford where (buy elsewhere and move, invest elsewhere before buying a primary, etc) and how to get to the next level instead of feeling entitled.
I accepted the reality years ago and did 2 investment properties in other cities before buying my primary in the city I wanted to live in.
It sucks to have to do that and take so long to buy a primary, but the game is about capital. And real estate is one of the few beautiful assets in a sea of bullshit you either 1) don't need or 2) doesn't provide any joy.
I know a lot of people on here have contempt for real estate investing but if you aren't in it, IMO, you are depriving yourself and your family of the absolute easiest way to make money and build wealth. And there are plenty of places where you don't need a ton of cash to get started.