2 ms·
> It might work out for some and hit it big, or the market can go belly up and leave you in ruin No different from living in a house you buy. Except what I rec
by tchaffee 4y ago
> It might work out for some and hit it big, or the market can go belly up and leave you in ruin
No different from living in a house you buy. Except what I recommended is a little safer. If you lose your local job because the local economy collapses, you're now stuck with a house you cannot sell, cannot rent, and that ties you to the area. Ouch!
With a rental far away, if that economy collapses it's already a small mortgage so no big deal. If your local economy collapses, you can move out of your local expensive rental and look for work elsewhere. Or even move into the cheap rental investment you just bought if that economy is doing well. Buying far away spreads your risk and is safer than buying to live in near your work.