Quote:
Originally Posted by Retiree
If you are good at investing, it doesn't make sense to buy anything. Lets say you have $200k cash...you can buy a house for $200k and have nothing or invest those $200k, make lets say $20k/year in profits, rent a house and keep the cash, too. You will have more freedom to do whatever whereever, you can move anytime. The only real freedom comes with money, everything else is just an illusion.
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That's not entirely true. For a while it was a very good investment to buy, renovate and flip houses or flats. It's shittier now, but that doesn't mean the housing market was NEVER a good investment. It was. It's worse now, but it WAS a good one.