Quote:
Originally Posted by NoHaveMSG
Not really true. I’ve bought two houses in the last 12 years, one for 70k and for 90k. I rented one and lived in the other. Remodeled and sold both and came out with significant amount of profit.
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You remodeled, so that changes things a little. Also, timing; It IS possible to come out ahead; long term, that is unstable; I am NOT saying that it can't happen, but that it is unsustainable.
It's probably a much better place to put money than a bank account, and should be much more stable than gambling...er, investing in the market. But, over the long term, if it does much beyond keeping up with inflation, we have problems.
And guess what... we have problems!