this post was submitted on 11 Jan 2024
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I am not being snarky. Can you explain your comment? I don't understand what you are saying.
People (talking mom & pop) should not be able to purchase a home simply for the purpose of renting it out.
I agree with that.
The problem is the reason people do that is because of a few things.
S&P 500 did better than that in the last 10 years. I really hate that housing has gone the way it has, because on average it's not as insanely profitable comparable to other asset classes as people make it out to be, it's pretty comparable.
I wish it wasn't comparable though, because we're just parking a ton of cash to do nothing with it.
Capitalism is dumb.
True except it's a little different than equity investments because of the ease of leverage. No one is going to loan me a half million dollars to invest in the S&P500 but they'll have no problem giving me a house to rent out (if I can prove income).
Yeah that's true