03-04-2020, 02:08 PM
(This post was last modified: 03-04-2020, 02:21 PM by WRXtranceformed.)
Building equity in a single home is a lot different than buying up properties and renting them out. I'm all on board the diversification train and we've got a bunch of home equity right now. But the real smart kids are diversifying by investing in tax havens now so that you can pull out guaranteed income tax free when you retire, no matter what the market has done / will do. The value of your home is always market / time dependent just like the stock market and you're gonna get hit with capital gains if you don't reinvest the funds from any non-primary property you sell in retirement anyway. The Man and the Market are always going to take their cut.
The stock market is always going to rise and fall but its trend line is up over many decades and that's probably never going to discontinue. My personal opinion from lots of observation and that of many experts / advisors is that piecemeal rental properties are a waste of time, money and energy. It is fact that the richest people in real estate do it in the commercial space (which does include residential condos). On the sales side, a good commercial real estate broker makes a good residential real estate broker look like a poor peasant.
There's a ton of commercial zoned land for sale around us right now and I wish I had the funds to buy it up, sit for a bit and develop it. Whoever does is gonna own this part of town.
The stock market is always going to rise and fall but its trend line is up over many decades and that's probably never going to discontinue. My personal opinion from lots of observation and that of many experts / advisors is that piecemeal rental properties are a waste of time, money and energy. It is fact that the richest people in real estate do it in the commercial space (which does include residential condos). On the sales side, a good commercial real estate broker makes a good residential real estate broker look like a poor peasant.
There's a ton of commercial zoned land for sale around us right now and I wish I had the funds to buy it up, sit for a bit and develop it. Whoever does is gonna own this part of town.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks