Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead - eviltoast
  • bustrpoindextr@lemmy.world
    3·
    11 months ago

    I mean if you bought in 2021 and sold now you probably still made about 90k American. But you’d be fucked on the interest rates if you tried to buy again.

    But if you were a real estate mogul, and sold a bunch of properties, on average you’d make 90k per property over those two years and not be dealing with interest rates, which is why the guy from the article is telling people to rent.

    But you do have a point, it’s not always. If you bought earlier this year and only intended to stay one year, you’re fucked

      • bustrpoindextr@lemmy.world
        4·
        11 months ago

        The average across America have increased by 90k though over that time. Your area is… Strange.

        Cost of buying is negligible, it’s really just cost of selling. So fine, you’d come out with like 65k