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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="RedRocketMike" data-source="post: 16200104" data-attributes="member: 51242"><p>They definitely can be good investments. I know morons who make good money flipping homes. I also know smart people who can't swing a hammer that plow a bunch of money into paying contractors to upgrade a house, then they take a job somewhere else and sell at a loss or breakeven. Or people who bought 20 years ago before the neighborhood got shitty or before it got really nice. </p><p></p><p>Alot of people end up feeling like geniuses when the housing market trend is doing most of the work for them. That can go both ways.</p><p></p><p>I'm saying for most people, simply buying a house isn't a "great investment" for the reasons they think that it is, they see equity as gains. There are many expenses behind the mortgage that the renter escapes.</p><p></p><p>You can do things smart either way. Housing market is hot right now, that makes OP buying a 500k house more than likely not a smart investment ahead of an overdue recession. </p><p></p><p></p><p><a href="https://www.zillow.com/home-values/" target="_blank">https://www.zillow.com/home-values/</a></p></blockquote><p></p>
[QUOTE="RedRocketMike, post: 16200104, member: 51242"] They definitely can be good investments. I know morons who make good money flipping homes. I also know smart people who can't swing a hammer that plow a bunch of money into paying contractors to upgrade a house, then they take a job somewhere else and sell at a loss or breakeven. Or people who bought 20 years ago before the neighborhood got shitty or before it got really nice. Alot of people end up feeling like geniuses when the housing market trend is doing most of the work for them. That can go both ways. I'm saying for most people, simply buying a house isn't a "great investment" for the reasons they think that it is, they see equity as gains. There are many expenses behind the mortgage that the renter escapes. You can do things smart either way. Housing market is hot right now, that makes OP buying a 500k house more than likely not a smart investment ahead of an overdue recession. [URL]https://www.zillow.com/home-values/[/URL] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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