Reply to Are any of you MF’s investing in anacostia?

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[quote=Anonymous][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]

But you bought it with money you did not have. You got a loan. You used leverage. You don’t get a loan to invest in the stock market. That is the difference and makes real estate a sweet deal. [/quote]

A 30 year fixed rate mortgage was 12% in 1985, so that means you would have paid $650K in interest on a $200k mortgage during the life of that mortgage. That is the difference and makes the stock market a sweet deal. [/quote]

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