Is real estate still a good investment?
I've been saving a chunk of money for a fancy car, but now I'm considering putting it to a down payment on a house or something that I'd rent out.
>>3093863
Depends on the area you live.
Anyways, the real estate pump is about to pop.
Unless you are able to find tenants to cover up your cost, don't do it
>>3093863
Currently no, the housing market is super inflated right now. Boomers are all out of their mind's charging for 3x the cost of what they originally paid for their houses and young adults are all anxious to get in but can't afford it as is.
It'd probably he best to wait a few years and see what happens.
If youre looking for an investment property, look into buying a duplex or a quadplex, higher ROI.
Dont buy a house unless youre going to live in it.
>>3093899
The area I'm in has been bumping up about 5% or so regularly for the past 6 years or so and has been growing rapidly alongside that.
Worst case scenario I'd live in the place since the monthly payment would be way cheaper than renting out even some shitty little apartment.
What are the signs it's about to pop?
nominal housing prices are at all time highs.
If you're going to invest now, be able to hold for 30 years. Otherwise an investment now might not be wise, unless you're renting it out. In that case it would be less unwise, you'd just need to do the math on it.
>>3093964
I have the means to hold it, and I'll probably be renting it out most of the time. I was just wondering if it'd even be worthwhile as far as a semi-steady source of passive income once I was done living in it.
>>3093913
>It'd probably he best to wait a few years and see what happens.
So that it will become 2x the price it is today?
how hard is it to learn how to take care of a house anyway, I'm hardly Mr. fixit
If you're planning on renting it out just make sure you get a good ROI
but yes real estate is always a good investment
>>3093863
Nah buy something more sensible like a cryptographic hash you can trade for LSD on the internet.