Stock of the Day
Stock of the Day
Out of context: Reply #518
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- nb0
If the stock market looks less attractive for a while (plausible) then we’re in for even more of the “real estate is the safest investment” people and we can expect the housing bubble to grow even more insane.
:(
- My rent hasn’t gone up in 4 years. I’m saving, but can’t save fast enough to keep up with the insane housing marketnb
- I bought my house days before the pandemic. It’s appreciated 20%!monospaced
- Monospaced: if you only own one house, you’re no better off with that extra 20%.nb
- @monospaced that's a liability if you don't flip it
renting/saving/inves... would've made you a lot more ofcgrafician - @nb bubbles pop every decade, we're overduegrafician
- People aren't going to pile in RE with rates rising and construction costs at all-time highs. It'll correct with everything else, just might not be as drastic.formed
- @formed People are already doing that and have been for a couple years consistentlynb
- People aren't saying 'hey, I"ll sell my stocks to buy a home'. They'd put money in REITs or private development investments.formed
- In no way is my home a liability. What a ridiculous thing to say. LOLmonospaced
- I didn’t buy the home to make money, what a stupid fuck assumption. Also a stupid assumption is thinking I didn’t invest in other things.monospaced
- But the most stupid thing is that you imply I’m better of selling it. Weird as fuck dude. It’s my home. LOL.monospaced
- I 100% expect you to get triggered AF and resort to insulting me. So go ahead. Leave the house talk to the adults here who actually have them.monospaced
- @nb, I never implied I was better off with that 20%. Im just remarking on the housing bubble nothing more, just my anecdote which is completely on topic.monospaced
- But of course I’m happy. Growing equity is never a bad thing. Ever. There is literally no downside to appreciation. It will pay off later, obviously.monospaced
- I mostly agree with you, mono.nb
- But there can be a downside to rapid appreciation.nb
- Meanwhile even Elon Musk rents...
But you know better lol
Typical American suburbia mentalitygrafician - The part that people forget when claiming your home is not a good investment is that you LIVE in it, that it is a HIGHER quality than any apartment, etc.formed
- For sale buildings will always be built to a higher standard than disposable, rentals.formed
- Europe disagrees with that statement.grafician