>Housing prices: +8%
>APR: -3%
>Repairs: -1%
>taxes: -1%
>TOTAL: +3% a year
Am I missing something or do these returns seem pretty shit? And this is on the high end of housing price inflation. Someone debunk this for me.
Housing prices: +8%
Cooper Fisher
Gabriel Torres
Wouldn't it be better to just rent where you live and invest the money saved into any other investment vehicle and if you want to buy, buy somewhere you can rent out?
John Moore
SOMEONE PLEASE ANSWER
Juan Torres
I bought a house in a major city in Texas at the height of the pandemic fear in June, today similar houses are for sale in my neighborhood for almost $90k more. This has unironically been the best and fastest growing investment I have ever made. If you don’t buy in the right spot, or you don’t own the land, real estate can be a shit investment for sure.
Easton Cooper
The alternative is renting where you lose 100 percent a year
Isaiah Rivera
so many wrong numbers....
you think housing appreciates at 8% per year? only the top top top RE gets those types of returns. Average slobhomes are flat returns...maybe 1.5%
Nathaniel James
yep they're shit, most landlords think they're hot shit but can't do the calculations properly
there's still some greedy kikes squeezing pennies here and there that can do better
Anthony Scott
Yes it is shit especially because your gainz are on paper only while your expenses are real so in fact you are cashflow negative and need pretty big pockets over the next 20 years until you sell
Jaxon Flores
buy in a white area its at least 20% a year
Samuel Cooper
It’s a better investment if you buy in an area that’s TURNING white. Gentrification is the best RE play