2 ms·

I’m a landlord. I’m losing money because the Seattle market went to shit and nobody will buy this place. I bought for $850k in 2017. Selling now asking $899k a

I’m a landlord. I’m losing money because the Seattle market went to shit and nobody will buy this place. I bought for $850k in 2017. Selling now asking $899k and no-one’s buying. Think of my ARR with inflation and opportunity cost here. I sold Facebook shares to get this. I have made zero return from rents overall. I’d likely have earned $1M if I hadn’t sold those shares.

cma 5mo ago
That's pretty contingent. If you had Snapchat shares instead you'd be ahead.
- philipallstar 5mo ago
  Even selling up and putting the money into the S&P500 would've done a lot better than that[0], so I think it's a reasonable claim. [0] https://investment-estimator.com/s&p-500-calculator https://investment-estimator.com/s&p-500-calculator says $850k in 2017 would be $2.8M by 2026.
markdown 5mo ago
Can I ask why you're selling? Do you happen to be a young person looking to move for better prospects (economic migrant)?