To: lwd; qaz123
"Where do you move to though?" and "And what do you buy after you sell? You then become the buyer in a sellers market who will lose their ass when it cycles down."
The article is about housing as investment property and Blackrock buying houses and renting them out. My post was in that perspective -- as investment property it'd be best to sell it now instead of renting it out. I guess would I should have sent was to then put that money into a diversified investment portfolio. LOL
13 posted on
06/14/2021 12:46:16 PM PDT by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Tell It Right
Something about this story doesn't make sense. I have some experience in this area, and I can tell you that detached single-family homes generally aren't very good investments as rental properties.
1. The families that rent them usually have kids, so the maintenance and wear is more extensive than for a home with a single renter or a couple.
2. Your best tenants are the types of people who are ideal homeowners, and those tenants tend not to stay for a long time.
17 posted on
06/14/2021 12:54:43 PM PDT by
Alberta's Child
("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
To: Tell It Right
Got it. Makes sense.
And then, when the real estate market crashes, again, buy more rentals at rock bottom prices.
35 posted on
06/14/2021 1:40:28 PM PDT by
qaz123
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