Ooh, OP - tell us you migrated over from the Washington Probs comments without telling us you migrated over from the Washington Probs comments.

I don't have money to invest. There are lots of cranes (big development $) in Anacostia recently.

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.

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.

Anonymous wrote:I mean, I looked before prices began climbing. But these are peoples' homes, and it's their community. I'm not liking the idea of buying properties from under people who call the area home.

Isn’t that the case literally everywhere?

I mean, I looked before prices began climbing. But these are peoples' homes, and it's their community. I'm not liking the idea of buying properties from under people who call the area home.

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 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.

Anonymous wrote:No need for name calling.

Haha. I thought that’s what the title meant. I couldn’t think of anything else. Very strange way to post.

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.

Anonymous wrote:No need for name calling.

I think it's the delusional individual who calls himself a buying shark. Cringe.

No need for name calling.

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).

Me again. The house I live in close to downtown Bethesda has increased 75% in value since we bought it 10 years ago. But we bought it for the short commute and good schools.

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).

If I didn’t have a kid to think about, I might by in Lily Ponds.

Yes

DC charters & publics there are gentrifying each passing year, and there is still plenty of demand to live right in DC among young childless folks. Lots of companies calling workers back into the office. I also believe that if you make a house really nice (structurally & aesthetically), it will attract well-off buyers and renters regardless of location. If you have a crap house, you'll attract crap.

Or EOTR in general? Why or why not?