tonycarrera on Nostr: Unpopular opinion: Real estate isn’t a good investment. Most people buy real estate ...

Unpopular opinion: Real estate isn’t a good investment.

Most people buy real estate to buy the home they live in, not to use as a rental property for cash flow.

Buying a home can cost you hundreds of thousands, or even millions, over the long term.

Even with a low fixed interest rate, ever increasing property taxes and insurance rates, home improvements, maintenance and repairs will negate most equity growth over time.

Renting might be a better option for most and you are not locked in if you decide to move on to a different part of town or get a job in a different state. Plus, the property headaches belong to the landlord or property manager which are just a phone call away.

Of course, there are exceptions but in general, I believe the above to be true for most.

#RealEstate #Investing #CashFlow