Alexandria Ocasio-Cortez

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05-26-2021, 11:16 AM
brett05

Quote:

Originally Posted by Sluggo1

Interesting that when I used the word "supper" it was met with wild hilarity as it (supposedly) painted me as old fashioned.

Yet when one of the acceptable regulars uses the phrase "my goodness" (and this has happened more than once) …… no comments on that.

Same with flawed arithmetic from one of our resident "stars." No comments there either. Had one of the few conservatives been unable to do subtraction it would have been proof positive of stupidity.

Gee, I wonder if this is how bias in the media works.

I love the last line of sarcasm
05-26-2021, 11:19 AM
mngopher35

Both are good for investment and diversifying is the way to go IMO. Buy a house you can live in and it will gain value over time as you do so. Invest in the stock market with the rest of your available savings/investment $. Over time odds are both will gain value and if housing or stock market explode you will be ready to benefit either way.
05-26-2021, 11:23 AM
brett05

Quote:

Originally Posted by mngopher35

Both are good for investment and diversifying is the way to go IMO. Buy a house you can live in and it will gain value over time as you do so. Invest in the stock market with the rest of your available savings/investment $. Over time odds are both will gain value and if housing or stock market explode you will be ready to benefit either way.

The housing market has been difficult the last 20 years. Unless you bought at the bottom a lot of folks are still upside down on their real estate investments
05-26-2021, 11:47 AM
mngopher35

Quote:

Originally Posted by brett05

The housing market has been difficult the last 20 years. Unless you bought at the bottom a lot of folks are still upside down on their real estate investments

The market has been exploding, I have no idea where you live or what you are talking about but in general many people are making a ton of $ on their housing investments with the market very hot. As with anything, including stocks, you can always choose a bad investment of course. This is probably more likely in some areas than others and should be considered when making the purchase/investment. Over time both houses and stocks increase on average though with stocks actually being more variable but generally a bit better return on average as well.
05-26-2021, 11:49 AM
dbroncsinmo

Quote:

Originally Posted by brett05

The housing market has been difficult the last 20 years. Unless you bought at the bottom a lot of folks are still upside down on their real estate investments

Not even remotely close to reality.
05-26-2021, 11:52 AM
MRSpock

Quote:

Originally Posted by dbroncsinmo

If you don't believe that owning real estate (even if just one house) is one of the best investments you'll ever make....I don't know what to tell you.

You can literally take the difference in cost between renting and owning a home and put it into the stock market... Even in a safe market like the S&P and make a better return then on owning a house.

It's funny how many of you claim to be well off and yet know next to nothing about investing.

Oh and I'd suggest to stop "believing" and start doing math. Much more effective when investing.
05-26-2021, 11:58 AM
MRSpock

https://www.businessinsider.com/robe...t-a-fad-2013-2

This guy is the ****.
05-26-2021, 12:14 PM
mngopher35

Quote:

Originally Posted by MRSpock

You can literally take the difference in cost between renting and owning a home and put it into the stock market... Even in a safe market like the S&P and make a better return then on owning a house.

It's funny how many of you claim to be well off and yet know next to nothing about investing.

You can does not mean you will. The issue with stocks for many is the variability, it is much easier to lose on your investment. This can be person dependent and it might work for you but not everyone is capable of understanding the market and doing things correctly. If you rent and your initially stock investments are bad what do you have now? Not much. Most people end up making less than the average as it pertains to stock and many even end up losing. It is just riskier especially with human emotion/decision making involved.

With a house you can end up with a mortgage/taxes similar to renting in the area (so monthly your expenses are similar), have a roommate paying you to live there each month (you now are gaining an extra say 700/month to invest in stocks anyways), and the investment will also be growing over time as well.

It really depends what you are looking for at the end of the day. Either strategy can work but that's why I noted it is often best to diversify imo.
05-26-2021, 12:17 PM
brett05

Quote:

Originally Posted by mngopher35

The market has been exploding, I have no idea where you live or what you are talking about but in general many people are making a ton of $ on their housing investments with the market very hot. As with anything, including stocks, you can always choose a bad investment of course. This is probably more likely in some areas than others and should be considered when making the purchase/investment. Over time both houses and stocks increase on average though with stocks actually being more variable but generally a bit better return on average as well.

Again over the last 20 years it's been rough. Housing prices have not returned all the way to 2001 prices yet. And certainly not the annual returns that real estate has offered in the past.

It used to be buy more than you can afford because of the money one will make. That is no longer true.
05-26-2021, 12:19 PM
brett05

Quote:

Originally Posted by dbroncsinmo

Not even remotely close to reality.

Yes it is. Housing prices are just getting back to 2001 pricing levels.
05-26-2021, 12:25 PM
mngopher35

Quote:

Originally Posted by brett05

Again over the last 20 years it's been rough. Housing prices have not returned all the way to 2001 prices yet. And certainly not the annual returns that real estate has offered in the past.

It used to be buy more than you can afford because of the money one will make. That is no longer true.

https://www.visualcapitalist.com/20-...0two%20decades.

At the turn of the century, the average U.S. home value was $126,000. Today, that figure is at a record high $259,000 – a 106% increase in just two decades.

https://dqydj.com/historical-home-prices/
This one shows median prices as well and to start 00 it was at $131,674.47 while 12/1/20 was $300,986.69
Even adjusting for inflation it was still much higher as well.
05-26-2021, 12:49 PM
MRSpock

Quote:

Originally Posted by mngopher35

You can does not mean you will. The issue with stocks for many is the variability, it is much easier to lose on your investment. This can be person dependent and it might work for you but not everyone is capable of understanding the market and doing things correctly. If you rent and your initially stock investments are bad what do you have now? Not much. Most people end up making less than the average as it pertains to stock and many even end up losing. It is just riskier especially with human emotion/decision making involved.

With a house you can end up with a mortgage/taxes similar to renting in the area (so monthly your expenses are similar), have a roommate paying you to live there each month (you now are gaining an extra say 700/month to invest in stocks anyways), and the investment will also be growing over time as well.

It really depends what you are looking for at the end of the day. Either strategy can work but that's why I noted it is often best to diversify imo.

Sure but if we're looking at things purely from a return from investment point of view houses are ****.

Houses should be looked at as a purchase. Not an investment.

Again if someone wants to start a family and own a home more power to them. But if you're only buying a house because you think it's some great financial investment you're wasting your money.
05-26-2021, 12:52 PM
MRSpock

Quote:

Originally Posted by mngopher35

https://www.visualcapitalist.com/20-...0two%20decades.

At the turn of the century, the average U.S. home value was $126,000. Today, that figure is at a record high $259,000 – a 106% increase in just two decades.

https://dqydj.com/historical-home-prices/
This one shows median prices as well and to start 00 it was at $131,674.47 while 12/1/20 was $300,986.69
Even adjusting for inflation it was still much higher as well.

Which still doesn't reach the gains in the S&P.

Which if you're younger you'll probably invest in something more volatile.
05-26-2021, 12:57 PM
valade16

Quote:

Originally Posted by MRSpock

Which still doesn't reach the gains in the S&P.

Which if you're younger you'll probably invest in something more volatile.

My house has increased in value by 53% since I bought it in 2014. I can’t imagine stocks having those kind of returns in 7 years.
05-26-2021, 12:59 PM
mngopher35

Quote:

Originally Posted by MRSpock

Sure but if we're looking at things purely from a return from investment point of view houses are ****.

Houses should be looked at as a purchase. Not an investment.

Again if someone wants to start a family and own a home more power to them. But if you're only buying a house because you think it's some great financial investment you're wasting your money.

This is ridiculous I have already shown how they can be an investment, that they also work as a valuable purchase to live in isn't a negative.

You are absolutely not wasting your money by buying a house and having it increase in value over time while also gaining rent $ as well in the process.

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