Stephen Paul Weberposted, “@jrodgers even if you are willing to gamble on the housing market, few can ever access that upside responsibly. 30k in equity market over same period gives more stable growth and liquidity” in reply to @ 2021-211 19:40 UTC
I have owned for 15 years, 4 houses… 2 have 2x’d in value and the 3rd was a 25% growth in value. This 4th house I don’t really care about but it is already pretty good. You have to sell them for it to work.
Right, but most people who sell a house have to buy another in the same market. You only win if you do market arbitrage or know how to remortgage *very* responsibly (sngpl.ma/t5Dz3)
Yes. I suppose that is more true now that it has been in a very long time. I still think both is the best approach. But you are likely right if you have to choose 1.
Ok. But you have to live somewhere. Rent goes where? I think people should be more responsible with what they pay for houses and their budgets but it’s not the market or the house. Should be both.
in our market rent is so much cheaper that put the savings in the market and you’ll have liquid wealth in no time. Saw a whole house for 2.4k/month the other day. Can’t buy for that, plus save all the maintenance etc (sngpl.ma/t5Dz1)
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I have owned for 15 years, 4 houses… 2 have 2x’d in value and the 3rd was a 25% growth in value. This 4th house I don’t really care about but it is already pretty good. You have to sell them for it to work.
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Right, but most people who sell a house have to buy another in the same market. You only win if you do market arbitrage or know how to remortgage *very* responsibly (sngpl.ma/t5Dz3)
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Yes. I suppose that is more true now that it has been in a very long time. I still think both is the best approach. But you are likely right if you have to choose 1.
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Ok. But you have to live somewhere. Rent goes where? I think people should be more responsible with what they pay for houses and their budgets but it’s not the market or the house. Should be both.
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I own my house now as a lifestyle expansion choice, but I waited until I was well past FI to consider it (sngpl.ma/t5Dz2)
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in our market rent is so much cheaper that put the savings in the market and you’ll have liquid wealth in no time. Saw a whole house for 2.4k/month the other day. Can’t buy for that, plus save all the maintenance etc (sngpl.ma/t5Dz1)
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