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Real Estate
Reply to "Sold my house in Frb 2023--the worst time in American history to do so"
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[quote=Anonymous][quote=Anonymous]How old are you? That was not even close to being the worst time in history to sell a house. 2008 and pretty much any year in the 1980s, and even most of the 1990s were worse. You sold because you were relocating, and rental property is overrated as an investment, especially when you don’t live nearby and have to pay a property manager. Unless you’re in a market that is appreciating at a very rapid rate, taxes, insurance, maintenance and property management expenses will eat up your profit. From a purely economic standpoint, you’re better off investing your equity and renting. [/quote] 46[/quote]
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