Why do my oriental colleagues suggest hoarding money to purchase rental property opposed to my white, western colleagues suggesting max contributions to a 401K for investment purposes? Why the different mentality? We're all salaried accounting professionals in the SF Bay Area.
>rental property
earn increasingly more money as population density gets higher
>401k
get fucked by government when USD hyperinflates after ww3
Interesting perspective. Is it because Americans have been sheltered from the rising geopolitical events unlike their Eastern counterparts?
>as if they don't do both
I live in the bay too. You should definitely invest in rental property. There's a reason condos are being built everywhere.
>>1604040
What about the blacks?
>>1604188
they very well could be doing both. Both groups. But this is what I've observed.
>>1604204
Not OP, but I dunno for sure, anon. Most blacks in my area are afraid of locking their money up anywhere. Best answer I have from experience is that most blacks believe in purchasing property to rent out to others.
Rentals are good, but if you're in the bay area, definitely buy in other states. Prices are way too high in CA right now to make decent rentals.