4 ms·
Isn't housing a bad investment already? I mean at least for individuals renting has always been pushed as a better alternative.
by thisisit 3y ago
Isn't housing a bad investment already? I mean at least for individuals renting has always been pushed as a better alternative.
- taylodl 3y agoCareful. My house has been appreciating at $50K per year over the past 10 years. That's over $4K per month. I'm essentially being paid to live in my house. Obviously, there are a lot of caveats. I bought my house in 2009 when the housing market hit bottom due to the crash, the seller just wanted to get out and sold it below market value - even the market at that time! Everyone said it was a bad time to buy a house. It was a great time to buy a house! You know when it's generally a bad time to buy a house? When everybody is buying a house! It's like the stock market. When the market crashes those are the best times to pick up stocks on the cheap. Same with houses. That's how you make money.