Alexandria Ocasio-Cortez

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05-26-2021, 01:54 PM
Sluggo1

Problem with RE is you can live on it all your life and then some outsider comes along, shoves you off your land and takes it.

Been known to happen.
05-26-2021, 01:59 PM
MRSpock

Whoops wrong one. Trying to find the calculator
05-26-2021, 02:05 PM
mngopher35

Quote:

Originally Posted by MRSpock

Just to be clear an index fund is where you're pooling your money with other investors to create the same effect as investing into a market.

You aren't just rolling the dice on a random s&p stock.

Yes and the other aspect is making sure you are in it for the long haul.

The point being made is that a house/property can also be a good investment. It isn't an either or and it is possible to end up getting a better return and many investors have issues sticking with one long term plan like that through ups and downs in short term. It is going to be different for everyone.

As I noted with Valade you can potentially rent out a room or two and end up with a better overall investment if you reinvest that into the same type of funds. There are obviously other advantages to home ownership too outside of this. A House can be a very good investment just like stocks can and it will often depend on what the individual is looking for/prefers. It doesn't have to be an either or.
05-26-2021, 02:12 PM
MRSpock

Quote:

Originally Posted by mngopher35

Yes and the other aspect is making sure you are in it for the long haul.

The point being made is that a house/property can also be a good investment. It isn't an either or and it is possible to end up getting a better return and many investors have issues sticking with one long term plan like that through ups and downs in short term. It is going to be different for everyone.

As I noted with Valade you can potentially rent out a room or two and end up with a better overall investment if you reinvest that into the same type of funds. There are obviously other advantages to home ownership too outside of this. A House can be a very good investment just like stocks can and it will often depend on what the individual is looking for/prefers. It doesn't have to be an either or.

And you can make more risky investments with much higher payouts.

A house is at best an ok investment.

Again I suggest renting. Especially in this market.
05-26-2021, 02:13 PM
brett05

Quote:

Originally Posted by valade16

You’re saying the average person who invested in stocks in 2014 has had their money double?

My retirement account (stocks and bonds) has basically doubled in that time frame.
05-26-2021, 02:16 PM
brett05

Quote:

Originally Posted by mngopher35

No problem. As I noted it does depend on where you live and there are certainly areas it won't be the case.

I think the key thing to realize is that any of these options have risk/variability and it will come down to each persons specific situation more often than not.

Oh I agree there too.

Like I said, you got someone that bought a home 7-10 years ago they are up a good chunk of change right now. But you go back another 10 years and yeah, not so much. Again at least in my area of Chicagoland.
05-26-2021, 02:16 PM
mngopher35

Quote:

Originally Posted by MRSpock

And you can make more risky investments with much higher payouts.

A house is at best an ok investment.

Again I suggest renting. Especially in this market.

Or lose all your money haha that is why the actual #'s on returns for investors isn't nearly the same as the markets average you have been noting.

I just outlined a way to invest in a house and rent out while ending up with great return on investment and there are many many different markets in this country.
05-26-2021, 02:18 PM
MRSpock

You are adding in all this baggage. I'm simply looking at numbers ran by economists. No coulda woulda shoulda. Brass tax.

Find me a financial advisor who tells you that buying a house is a good investment and I'll show you a liar.

Americans just can't get things out of there head like this.

Buying a house is investing a ton of money into one slow moving stock.
05-26-2021, 02:19 PM
MRSpock

Quote:

Originally Posted by mngopher35

Or lose all your money haha that is why the actual #'s on returns for investors isn't nearly the same as the markets average you have been noting.

I just outlined a way to invest in a house and rent out while ending up with great return on investment and there are many many different markets in this country.

The average return on investment fir home buyers from 1890 to 1990 is..

Guess how much?
05-26-2021, 02:22 PM
MRSpock

It's 0.

While the average for s&p since it's start is about 10%

Believe it or not home buyers make bad decisions too and are forced to sell at terrible times.

Real estate isn't as safe as you're trying to pretend.
05-26-2021, 02:22 PM
Nunuu

Quote:

Originally Posted by MRSpock

The average return on investment fir home buyers from 1890 to 1990 is..

Guess how much?

0% but I am not sure how many of us owned homes in that time frame. I have 6 years of life in that period of time.
05-26-2021, 02:24 PM
mngopher35

Quote:

Originally Posted by MRSpock

You are adding in all this baggage. I'm simply looking at numbers ran by economists. No coulda woulda shoulda. Brass tax.

Find me a financial advisor who tells you that buying a house is a good investment and I'll show you a liar.

Americans just can't get things out of there head like this.

Buying a house is investing a ton of money into one slow moving stock.

You haven't shared any numbers on actual investors, only I have. I also shared numbers for housing to Brett to correct him.

Buying a house is a place to live, security, an opportunity to make extra $ renting as well though. You are focused on only one angle and I have shared how one simple adjustment like renting out a room creates a new avenue for return that you haven't considered at all in your points/discussion.
05-26-2021, 02:25 PM
brett05

Honest question: How is renting better than buying as it relates to a home?
05-26-2021, 02:26 PM
MRSpock

Quote:

Originally Posted by Nunuu

0% but I am not sure how many of us owned homes in that time frame. I have 6 years of life in that period of time.

Well he's trying to present home buying as some guarantee. And it's not.

Just like in the stick market you got people making too big of investments and having to sell at bad times. Resulting in huge losses.

No matter where you invest if you don't have enough to get through a bust period you will likely lose a ton.
05-26-2021, 02:26 PM
mngopher35

Quote:

Originally Posted by MRSpock

It's 0.

While the average for s&p since it's start is about 10%

Believe it or not home buyers make bad decisions too and are forced to sell at terrible times.

Real estate isn't as safe as you're trying to pretend.

This has nothing to do with today.

Believe it or not investors make bad decisions too and are forced to sell at terrible times. Investing isn't as safe as you're trying to pretend.

I am the only one that is willing to acknowledge all of it has risk lol. I have said from the start mixing/diversifying is best for this reason.

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