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I mean you can make any investment look great if you just make up the return. What percentage of houses triples in value over 10 years? And home much are you s

I mean you can make any investment look great if you just make up the return. What percentage of houses triples in value over 10 years? And home much are you spending in maintaining, insuring, and paying taxes in 10 years? I think your point still stands but its not nearly as fabulous an investment as you are suggesting

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Velorivox 1y ago
> I think your point still stands Thanks. > its not nearly as fabulous an investment as you are suggesting In case it wasn't clear, I'm not trying to give investment advice (my comment is very focused on what happened, not what will happen). I am however, implying that a lot of people made bad financial decisions by misapprehending their situation and consuming the wrong "content". I believe many people can be spared significant regret if they double-check, disbelieve, or replace much of what they’re told by the internet.
jrs235 1y ago
The home value didn't triple. Their equity did. Put $60,000 down on a $300,000 home. Live in it three years. Sell it for $540,000. Just made $240,000 in three years by investing $60,000. Granted there's also costs associated with carrying the home and mortgage one needs to count against the full profit and return.