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by WORMS_EAT_WORMS 1694 days ago
Comments like this make it seem like it’s all figured out.

Everyone’s situation is different based on income (sounds like you are high income too - which makes choosing where to deposit cash easier), location, family/living requirements, current net worth, job stability, partner income, etc...

It is very possible too your friend made the better decision. There was a time where stocks and house prices going up was different and the world was not in a 10 year plus aggressive bull market.

Ultimately, you do what’s right for you.

1 comments

Absolutely, it all depends. But I keep seeing close friends who are now home poor. They own their place, but that's it. They are done. They don't have any significant money for rainy days, they can't afford anything else because all their money go into their properties.

For me, that's not how I want to live my life. But as you said, everyone is different. So for them, perhaps that's ok. Not judging.

Don’t think you are judging. Comment definitely just came from position of what I infer as having privilege:

- 10 year retirement (no idea your age but assuming this earlier retirement/semi-retirement)

- Rental properties that are cash flow positive (require in most circumstances a bigger down payment)

- Assuming others have enough income left over to put into the stock market after rent. Don’t consider madness for families to balance their lifestyle and savings

Either way, I believe the majority of these homes Zillow bought are more towards the lower-middle class budgets. Which is kind of my point on frustration with the inflated cost. It’s a much bigger impact than a lot of tech bros/girls probably feel personally.