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Reply to "Are any of you MF’s investing in anacostia?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]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). [/quote] 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.[/quote] Yeah but did you have $200k in cash in 1985 when you bought your house or did you put $40k down and finance the rest? If the latter, then it’s not a fair comparison to putting $200k in the S&P in 1985 since you didn’t actually have that money to invest. [/quote]
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