Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by cwalv on Thursday May 02, 2019 @03:03AM
(#19805463)
> but when your employment market changes and you need to move to Houston, the hedge is gone
That's the other end of the coin that's really easy to miss. I moved to Las Vegas in 2011, when my wife graduated (and where she landed in a nation-wide job search), thinking it'd be easy to find a job in any city with > 500k people (given that I had no trouble finding jobs as a recent CS grad in the relatively small metro of Champaign-Urbana, IL). It wasn't.
It's also easy to miss that "leverage" simply isn't available as an "investment tool" to most people, except with a mortage.
That's the other end of the coin that's really easy to miss. I moved to Las Vegas in 2011, when my wife graduated (and where she landed in a nation-wide job search), thinking it'd be easy to find a job in any city with > 500k people (given that I had no trouble finding jobs as a recent CS grad in the relatively small metro of Champaign-Urbana, IL). It wasn't.
It's also easy to miss that "leverage" simply isn't available as an "investment tool" to most people, except with a mortage.