3 ms·
> You may be the worst real estate investor I've ever heard of. You may very well be right. However, everyone I hear saying how much money they made off of the
by WalterBright 5mo ago
> You may be the worst real estate investor I've ever heard of.
You may very well be right. However, everyone I hear saying how much money they made off of their house neglects to mention any of the expenses I listed.
- forgetfreeman 5mo agoSure, I've seen all manner of goofy talking points (both pro and con) around the financials of home ownership. Conversely everyone I've heard say lost their ass on residential real estate either bought too much house in a market overrun with speculation (Hi Florida) or move frequently.
- WalterBright 5mo agoI sold my previous house in 2000. It was sold last year for 4x what I sold it for. Meanwhile, the S&P 500 has gone up 6.3x. And I didn't add in any of the expenses I listed earlier if I'd kept it.
- forgetfreeman 5mo agoYou can't invest your rent in the S&P...