250
Gold for house (lemmy.ca)
submitted 7 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml

wood for sheep?

you are viewing a single comment's thread
view the rest of the comments
[-] Kecessa@sh.itjust.works 0 points 7 months ago* (last edited 7 months ago)

For sure, it just illustrates that as much as the market can feel fucked up, as an investment housing isn't necessarily the best. I've checked the numbers many times when I hear people talking about their parent buying a house for X$ in 19XX and it's very rare that they beat the market. It's the people that bought in 2009/2010 or right before COVID that are the real winners when it comes to real estate as an investment because they made a lot of money for the amount of time, but people who buy as an investment to hold it long term? Nah

this post was submitted on 28 Jan 2024
250 points (74.7% liked)

Memes

45124 readers
1653 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS