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

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[quote=Anonymous][quote=Anonymous][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]

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

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.
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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 [b]diversification, tax efficiency, estate planning, cash flow, etc.  [/b]

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.  [/quote]

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.

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