It's not all sunshine and roses contrary to common wisdom.
No it’s definitely not. Things break, seemingly in a coordinated manner. One year your maintenance costs might be basically 0, another year they could be 5 figures.
In my view, owning a home primarily acts as a safeguard against inflation, it represents a "safe" investment option for "lazy" individuals who reluctant to learn more complex investment strategies that could yield higher, riskier return.
Yeah go find an actual homeowner in person and say that to their face. As a homeowner I can tell you that there’s nothing “lazy” about the home-buying process. It’s stressful, emotional, and challenging. I too dabble in “complex” investing strategies and I can tell you that something like covered calls or “The Wheel” is way easier and more predictable than the typical home-buying process.
At the end of the day, investing is about allocating risk. You keep some % of your money invested in low-risk, stable-return assets. A house is a great example. And you ESPECIALLY don’t invest money loaned on margin in high-volatility assets.
Comments
No it’s definitely not. Things break, seemingly in a coordinated manner. One year your maintenance costs might be basically 0, another year they could be 5 figures.
Yeah go find an actual homeowner in person and say that to their face. As a homeowner I can tell you that there’s nothing “lazy” about the home-buying process. It’s stressful, emotional, and challenging. I too dabble in “complex” investing strategies and I can tell you that something like covered calls or “The Wheel” is way easier and more predictable than the typical home-buying process.
At the end of the day, investing is about allocating risk. You keep some % of your money invested in low-risk, stable-return assets. A house is a great example. And you ESPECIALLY don’t invest money loaned on margin in high-volatility assets.