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by forgetfreeman 5 days ago
You may be the worst real estate investor I've ever heard of. If housing was actually a lousy investment Blackrock and Berkshire Hathaway wouldn't have real estate holdings and they're both in the residential market in a big way.
1 comments
WalterBright 5 days 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.

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forgetfreeman 4 days ago
Sure, 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.
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WalterBright 4 days ago
I 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.

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forgetfreeman 4 days ago
You can't invest your rent in the S&P...
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