“The difference between Dogecoin and dog biscuits? Fool around and find out…”
I’m not nobody’s investment advisor, just not yours, but I have zero interest in securities, even, much less hypotheticals. But most of the people I do advise have done very well – by avoiding everything arm’s-length and sticking to the soil and the structures appurtenant thereto. 😉
The house I leased last week was purchased ten years ago for $70,500 – and the extra $500 may well have swung the deal in those days. Financed 80/20 and the investor put around $15k back in as rehab. So $30k cash out of pocket is worth $300k today – but not just today. That would be 10x in ten years, but the house has thrown off rental cash-flow the whole time, a little at the start, a lot by now. Ten years of depreciation, plus accelerated depreciation on the appliances – and someday a tax-deferred exit on the appreciation, assuming China Joe doesn’t frolic that up, too.
How much x in ten years? I can’t x that high – and if we have another Summer of “Love”, how much higher can it go? Nothing lasts forever and there is no accounting for luck. But at least half of all crypto-currency “investors” are net losers by now, where the firemen who rescued the economy by buying the houses no one else wanted are becoming millionaires on their prescience.
It could be there’s a clue in there somewhere. If you breathe deep, you just might catch it…
In other news:
Housing Wire: Investors are buying up single-family homes across the US.
The Washington Times: Five Oregon counties vote to explore joining Idaho.
The Federalist: Nearly 20 Percent Of Seattle Police Force Quits Following Defunding And Black Lives Matter Riots.
Housing Wire: What the Biden tax plans mean for the housing market.
Betsy McCaughey: Biden’s War On Single-Family Homeowners.
