Are any of you MF’s investing in anacostia?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

The next decade is expected to have less than historical stock market growth while housing supply is at an all time low. Demand is increasing. RE is a better place for your cash right now than stocks due to inflation. And then when the Republicans finally push us off the fiscal cliff by defaulting on our debt then I still own a tangible asset that people will have to pay me to rent. Try doing that with the screenshot of your trading account balance.

Ha, where were you a while ago when people were berating me about the idea that *gasp* I should buy a home in part as an investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

Yeah, but here’s the thing 96% of the statistics you see on message boards are total bullshit.

Ah, it's bullshit guy again. It's sad when all you can retort is a swear word. We know you're salty you didn't invest in the stock market and now feel the need to dump on all posters who do. Too bad for you.

So many stupid f’ing posts here that don’t understand the advantages of real estate investing. Investing with leverage and vastly reduced risk vs stock market. Not as liquid, but also generates income and tax advantages.

For anyone looking to invest in real state, it’s not going to be either financial markets or real estate, it’s about diversification, tax efficiency, estate planning, cash flow, etc.

And, if you think you have a leg up on me by putting a mortgage payments worth of cash into your stock picks or an index fund every month, you’re fantasizing.

And if you truly think “95%” of real estate are terrible investments - that’s laughable. You realize people buy CDs at low single digits too, right?

The anti-real estate crew have a sophomoric understanding of investing.

You're triggered because you can't persuade a certain tranche of successful people that your way is better - because it's not. You're buying into what so-called experts have told you is the formula to success. Surely it hasn't escaped your notice that financial advisors aren't incredibly wealthy?

I'm rich, and I made my money exclusively in the stock market - I purposefully did not diversify. Nothing will ever persuade me into SFH real estate, that most unworthy of headaches. If you do what everyone else is doing, well, you're going to find just as much success as they are. Meaning very little. SFH real estate is a lot of running around for not a lot of money, unless you're wealthy enough to do commercial real estate - and that's not Anacostia either!

You know so little about financial investments that you do not know how much you don't know. Have you ever heard this concept? That only the most knowledgeable people can measure how much they don't know? The reverse is that very ignorant people think they know a lot. You fall into the latter category.

Knock yourself out, but don't blame anyone but yourself when you realize other people have gotten ahead with less effort.

You don’t own a home?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

The next decade is expected to have less than historical stock market growth while housing supply is at an all time low. Demand is increasing. RE is a better place for your cash right now than stocks due to inflation. And then when the Republicans finally push us off the fiscal cliff by defaulting on our debt then I still own a tangible asset that people will have to pay me to rent. Try doing that with the screenshot of your trading account balance.

Ha, where were you a while ago when people were berating me about the idea that *gasp* I should buy a home in part as an investment.

Most of these wanna be people are deep in debt. Their bank account is as shallow as they are.

[Anonymous]

I drove through a small sliver of Anacostia to community volunteering event. It didn't seem bad to me. A lot of money has clearly been poured into cleaning up Anacostia. Saw a few younger white people sitting on porches and working in yards. But I only saw a small slice of Anacostia.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

The next decade is expected to have less than historical stock market growth while housing supply is at an all time low. Demand is increasing. RE is a better place for your cash right now than stocks due to inflation. And then when the Republicans finally push us off the fiscal cliff by defaulting on our debt then I still own a tangible asset that people will have to pay me to rent. Try doing that with the screenshot of your trading account balance.

No it's not.

Equity markets are up 10% + over the last six months. Inflation is a fraction of that.

The numbers will never be on your side. Keep thinking your illiquid asset that costs 15k + a year in property taxes, insurance, upkeep, blah blah will make you rich.

“Warren Buffett purported that the end of the last prosperous period for the U.S. economy is happening now.
Berkshire's portfolio is positioned for that view.
S&P 500 earnings should be expected to decline further.”
https://seekingalpha.com/article/4601214-warren-buffett-says-americas-incredible-period-is-ending


I actually budget around 6k/ year expenses but bring in 36k rent/year. Then if I sell it I could get around 650k. When I purchased 10 years ago the value was around 350. The increase in value alone is equivalent to a stock portfolio and then I make thousands of cash every month on top of that. That’s not even mentioning what I could do with leverage. And it has never gone down unlike stocks which have gone up and down drastically over the same period.

[Anonymous]

Anonymous wrote:I drove through a small sliver of Anacostia to community volunteering event. It didn't seem bad to me. A lot of money has clearly been poured into cleaning up Anacostia. Saw a few younger white people sitting on porches and working in yards. But I only saw a small slice of Anacostia.

White peoples in yards? I guess it’s not so bad over there!

[Anonymous]

I have lived and owned my place in Shaw for 18 years. Im not white. Around 2005, my (white) husband and I drove through Anacostia- the historic part. I got out my camera to take a picture of a gorgeous Victorian house while my husband went to get a drink at a 7/11. Within minutes, a swarm of young black kids was all over my car, banging on it and demanding why I was taking a picture of their “grandma’s house.” I ignored them, my husband came back and they dispersed. It was truly frightening.

In the years since, Ive gone east of the ricer frequently, even on a weekly basis, to bring my kids skating at Fort Dupont ice rink, or to ride bikes on the riverfront trail with friends who live in ward 7. I have volunteered with schools and nonprofits located there. I think the neighborhoods and most of the people are beautiful, but I would not recommend anyone with kids to live in wards 7 or 8 if they can avoid it. This past week there was a driveby shooting near Ketchum elementary at noon. I follow a nonprofit, Furnishing Hope, on instagram, and what they described in their post was truly frightening. Crime impacts all of us, but mostly the poor. Buyer beware.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

Yeah, but here’s the thing 96% of the statistics you see on message boards are total bullshit.

Ah, it's bullshit guy again. It's sad when all you can retort is a swear word. We know you're salty you didn't invest in the stock market and now feel the need to dump on all posters who do. Too bad for you.

So many stupid f’ing posts here that don’t understand the advantages of real estate investing. Investing with leverage and vastly reduced risk vs stock market. Not as liquid, but also generates income and tax advantages.

For anyone looking to invest in real state, it’s not going to be either financial markets or real estate, it’s about diversification, tax efficiency, estate planning, cash flow, etc.

And, if you think you have a leg up on me by putting a mortgage payments worth of cash into your stock picks or an index fund every month, you’re fantasizing.

And if you truly think “95%” of real estate are terrible investments - that’s laughable. You realize people buy CDs at low single digits too, right?

The anti-real estate crew have a sophomoric understanding of investing.

I am an owner of a $6B RIA. I know a bit about investing. Sure there are advantages but I see hundreds of portfolios every year and about 95% of the time, their real estate investments do not provide the type of return they expect when you factor in all the costs, upkeep, hassle, lack of liquidity. I would never own a rental property in my life. Not worth it; particularly in DC.

Sure it can diversify your portfolio but it's laughable that you think real estate is the end all be all.

Also, the vast majority of the 2nd gen (aka those inheriting) do NOT want anything to do with inherited property. Most HNW investors we see want to reduce their real estate exposure prior to retirement or passing.

I will take liquidity any day of the week.

Oh and re tax benefits...I put over $300k+ a year into a cash balance plan/401k. It saves me over $150k a year in taxes. I like that.

“End all and be all” you can tell when someone has nothing to add to an argument when they start building strawmen and relying on red herrings. No one said real estate was the end all and be all. Quite the contrary, it was invoked as appropriate for diversification and when some made the shocking claim that renting was actually better than buying a home, there was significant opposition to that absurd claim.

But congrats about being a financial advisor, and observing “95%” of real estate investments are bad. But the stock picking guy above you said you’re poor.

[Anonymous]

Anonymous wrote:No need for name calling.

OP called us Mutual Funds. Why does that upset you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

Yeah, but here’s the thing 96% of the statistics you see on message boards are total bullshit.

Ah, it's bullshit guy again. It's sad when all you can retort is a swear word. We know you're salty you didn't invest in the stock market and now feel the need to dump on all posters who do. Too bad for you.

So many stupid f’ing posts here that don’t understand the advantages of real estate investing. Investing with leverage and vastly reduced risk vs stock market. Not as liquid, but also generates income and tax advantages.

For anyone looking to invest in real state, it’s not going to be either financial markets or real estate, it’s about diversification, tax efficiency, estate planning, cash flow, etc.

And, if you think you have a leg up on me by putting a mortgage payments worth of cash into your stock picks or an index fund every month, you’re fantasizing.

And if you truly think “95%” of real estate are terrible investments - that’s laughable. You realize people buy CDs at low single digits too, right?

The anti-real estate crew have a sophomoric understanding of investing.

I am an owner of a $6B RIA. I know a bit about investing. Sure there are advantages but I see hundreds of portfolios every year and about 95% of the time, their real estate investments do not provide the type of return they expect when you factor in all the costs, upkeep, hassle, lack of liquidity. I would never own a rental property in my life. Not worth it; particularly in DC.

Sure it can diversify your portfolio but it's laughable that you think real estate is the end all be all.

Also, the vast majority of the 2nd gen (aka those inheriting) do NOT want anything to do with inherited property. Most HNW investors we see want to reduce their real estate exposure prior to retirement or passing.

I will take liquidity any day of the week.

Oh and re tax benefits...I put over $300k+ a year into a cash balance plan/401k. It saves me over $150k a year in taxes. I like that.

Ahh yes a multibillionaire is posting on DCUM. Now I’ve heard it all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. I buy real estate to enjoy NOW. I buy stocks for long-term wealth. Stocks don't need maintenance, repairs, and property managers. I will never invest in real estate. Too much trouble (my MIL and BILs all did this for many years).

This is truly the best answer.

95% of the times, homes are horrible investments. People only think they are good because they live in them for so long.

If I bought my home for $200k in 1985 and it's now worth 1.5M that sounds great but its only 5.44% BEFORE taxes, insurance, interest.

1/2 of the S&P 500.

Yeah, but here’s the thing 96% of the statistics you see on message boards are total bullshit.

Ah, it's bullshit guy again. It's sad when all you can retort is a swear word. We know you're salty you didn't invest in the stock market and now feel the need to dump on all posters who do. Too bad for you.

So many stupid f’ing posts here that don’t understand the advantages of real estate investing. Investing with leverage and vastly reduced risk vs stock market. Not as liquid, but also generates income and tax advantages.

For anyone looking to invest in real state, it’s not going to be either financial markets or real estate, it’s about diversification, tax efficiency, estate planning, cash flow, etc.

And, if you think you have a leg up on me by putting a mortgage payments worth of cash into your stock picks or an index fund every month, you’re fantasizing.

And if you truly think “95%” of real estate are terrible investments - that’s laughable. You realize people buy CDs at low single digits too, right?

The anti-real estate crew have a sophomoric understanding of investing.

I am an owner of a $6B RIA. I know a bit about investing. Sure there are advantages but I see hundreds of portfolios every year and about 95% of the time, their real estate investments do not provide the type of return they expect when you factor in all the costs, upkeep, hassle, lack of liquidity. I would never own a rental property in my life. Not worth it; particularly in DC.

Sure it can diversify your portfolio but it's laughable that you think real estate is the end all be all.

Also, the vast majority of the 2nd gen (aka those inheriting) do NOT want anything to do with inherited property. Most HNW investors we see want to reduce their real estate exposure prior to retirement or passing.

I will take liquidity any day of the week.

Oh and re tax benefits...I put over $300k+ a year into a cash balance plan/401k. It saves me over $150k a year in taxes. I like that.

What does, "I am an owner of a $6B RIA" even mean? You are a Registered Investment Advisor, or are you worth 6 Billion? I doubt either one is true. And if it is true that you are putting away 300k in a cash balance plan, you are older than dirt.

[Anonymous]

Anonymous wrote:I have lived and owned my place in Shaw for 18 years. Im not white. Around 2005, my (white) husband and I drove through Anacostia- the historic part. I got out my camera to take a picture of a gorgeous Victorian house while my husband went to get a drink at a 7/11. Within minutes, a swarm of young black kids was all over my car, banging on it and demanding why I was taking a picture of their “grandma’s house.” I ignored them, my husband came back and they dispersed. It was truly frightening.

In the years since, Ive gone east of the ricer frequently, even on a weekly basis, to bring my kids skating at Fort Dupont ice rink, or to ride bikes on the riverfront trail with friends who live in ward 7. I have volunteered with schools and nonprofits located there. I think the neighborhoods and most of the people are beautiful, but I would not recommend anyone with kids to live in wards 7 or 8 if they can avoid it. This past week there was a driveby shooting near Ketchum elementary at noon. I follow a nonprofit, Furnishing Hope, on instagram, and what they described in their post was truly frightening. Crime impacts all of us, but mostly the poor. Buyer beware.

What a bizarre story. What was “truly frightening” about a bunch of kids asking why you are taking pics of their grandmother’s house? And why did you ignore them? Did it ever occur to you that they might be scared of you?

Crime happens all over the city. The reason it’s hard to live in Wards 7 & 8 isn’t the crime— it’s the lack of access to everything you take for granted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have lived and owned my place in Shaw for 18 years. Im not white. Around 2005, my (white) husband and I drove through Anacostia- the historic part. I got out my camera to take a picture of a gorgeous Victorian house while my husband went to get a drink at a 7/11. Within minutes, a swarm of young black kids was all over my car, banging on it and demanding why I was taking a picture of their “grandma’s house.” I ignored them, my husband came back and they dispersed. It was truly frightening.

In the years since, Ive gone east of the ricer frequently, even on a weekly basis, to bring my kids skating at Fort Dupont ice rink, or to ride bikes on the riverfront trail with friends who live in ward 7. I have volunteered with schools and nonprofits located there. I think the neighborhoods and most of the people are beautiful, but I would not recommend anyone with kids to live in wards 7 or 8 if they can avoid it. This past week there was a driveby shooting near Ketchum elementary at noon. I follow a nonprofit, Furnishing Hope, on instagram, and what they described in their post was truly frightening. Crime impacts all of us, but mostly the poor. Buyer beware.

What a bizarre story. What was “truly frightening” about a bunch of kids asking why you are taking pics of their grandmother’s house? And why did you ignore them? Did it ever occur to you that they might be scared of you?

Crime happens all over the city. The reason it’s hard to live in Wards 7 & 8 isn’t the crime— it’s the lack of access to everything you take for granted.

Why would they be scared of a lady taking a picture? That doesn't even make any sense.
She said that a swarm of kids was around her and they were banging on her hood and making demands. If I was an unarmed woman in a bad neighborhood, I would also be frightened.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have lived and owned my place in Shaw for 18 years. Im not white. Around 2005, my (white) husband and I drove through Anacostia- the historic part. I got out my camera to take a picture of a gorgeous Victorian house while my husband went to get a drink at a 7/11. Within minutes, a swarm of young black kids was all over my car, banging on it and demanding why I was taking a picture of their “grandma’s house.” I ignored them, my husband came back and they dispersed. It was truly frightening.

In the years since, Ive gone east of the ricer frequently, even on a weekly basis, to bring my kids skating at Fort Dupont ice rink, or to ride bikes on the riverfront trail with friends who live in ward 7. I have volunteered with schools and nonprofits located there. I think the neighborhoods and most of the people are beautiful, but I would not recommend anyone with kids to live in wards 7 or 8 if they can avoid it. This past week there was a driveby shooting near Ketchum elementary at noon. I follow a nonprofit, Furnishing Hope, on instagram, and what they described in their post was truly frightening. Crime impacts all of us, but mostly the poor. Buyer beware.

What a bizarre story. What was “truly frightening” about a bunch of kids asking why you are taking pics of their grandmother’s house? And why did you ignore them? Did it ever occur to you that they might be scared of you?

Crime happens all over the city. The reason it’s hard to live in Wards 7 & 8 isn’t the crime— it’s the lack of access to everything you take for granted.

Why would they be scared of a lady taking a picture? That doesn't even make any sense.
She said that a swarm of kids was around her and they were banging on her hood and making demands. If I was an unarmed woman in a bad neighborhood, I would also be frightened.

Sounds like they saw themselves as protecting their family. They thought you were plotting to take the property somehow.