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The problem with real estate is your retirement plan for a triplex may not materialize if you own in Detroit, and it's the 1970s and car manufacturing won't eve
by 88913527 4y ago
The problem with real estate is your retirement plan for a triplex may not materialize if you own in Detroit, and it's the 1970s and car manufacturing won't ever decline. It's putting a lot of eggs in one basket. You have no way of knowing if the location will fall out of favor. At least with the stock market, there are many other actors who have a shared interest in its success.
- endisneigh 4y agoThough you're not wrong, most places did not see such a collapse such as Detroit. In the end though, you're hedging greatly with the fact that it's a multi-family. So even if it did fall out of favor, you're paying a fraction of what you would otherwise due to the rental income gained from the other units. Most importantly, you were going to spend money to live somewhere anyway.