Re:The Rise of the Rich Renter
by sidlls on Saturday October 07, 2017 @06:19PM
(#15426010)
True, but I think the context here is people buying one (or a very small number) of single family homes as an "investment."
My point is that to "invest" that way in a high cost area is not the smartest move. It's better to buy conservative dividend paying stocks. But if one must "invest" in property it's better to buy 10 for $200k than 1 for $1M. I also didn't mention risk mitigation: the risk of loss on the former is lower.
My point is that to "invest" that way in a high cost area is not the smartest move. It's better to buy conservative dividend paying stocks. But if one must "invest" in property it's better to buy 10 for $200k than 1 for $1M. I also didn't mention risk mitigation: the risk of loss on the former is lower.