Owning nothing is now a luxury, thanks to a number of subscription startups

Re:Owning nothing is now a luxury, thanks to a number of sub... by avgDev on Tuesday June 11, 2019 @10:10AM (#20155530)

I was under the impression that putting money in stock market is basically gambling and you should be ready to lose that money.

Putting money in a property especially if you can do your own upgrades can really pay off. Example, bought a house for $280k,I invested about $50k, its worth about $400k now.

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Re:Owning nothing is now a luxury, thanks to a number of sub... by esoterica on Tuesday June 11, 2019 @11:21AM (#20156208)

Putting money into real estate is also gambling. Remember 2008?

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Re:Owning nothing is now a luxury, thanks to a number of sub... by avgDev on Tuesday June 11, 2019 @01:54PM (#20157785)

It is a lot less risky.

Yeah 2008 happened, however, the prices at least in my area are back to 2007 levels. Short term real estate can be risky but long term it is a relatively safe investment.

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Re:Owning nothing is now a luxury, thanks to a number of sub... by esoterica on Tuesday June 11, 2019 @02:35PM (#20158222)

The stock market has historically been very safe in the long term while risky in the short term as well.

Edit: As long as you are diversified and not putting all your money into meme stocks, of course

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