Softening in RE market?? (Dallas, Avery: lease, layoffs, landlord)

[UnfairPark]

Housing is all about luck and timing, buying low and selling high is what makes real estate investment lucrative. However, this shouldn’t apply to your residence. Unless you put your family into a cheap apartment instead of renting a similar home you would’ve bought, you are not making more by renting and investing. It’s all about priorities.

[hbdwihdh378y9]

Originally Posted by DFWUser1

"Past results not a guarantee for future performance" - standard disclaimer - applicable for anything and applicable for real estate also. Price increases seen in last 5+ years was not the norm. So, anything can happen.

Wrong. And you proved my point. If you had lived here longer, you would know that the last five years were a correction of a deviation from the norm.

[crazyforger]

Originally Posted by UnfairPark

Housing is all about luck and timing, buying low and selling high is what makes real estate investment lucrative. However, this shouldn’t apply to your residence. Unless you put your family into a cheap apartment instead of renting a similar home you would’ve bought, you are not making more by renting and investing. It’s all about priorities.

Good. You have better understanding than majority of Homeowners.

Residence isn't an investment. Its a liability.

You will have to do a pro and con assessment while buying a house and not buy it just based on emotions.

Everyone's situation is different. And its all about priorities.

My priority is to make sure that my family isn't cash strapped and live a decent lifestyle to have good memories. This cannot be achieved by buying a house since it would handicap me by not letting me invest.

My investments have lead to the generation of passive income which supplements my salary each month.
We live a much better lifestyle compared to how we would have lived if we had a house.

It gives us great flexibility. Few more years down, I don't have to work to support my family and I am still in my early 30s. I would still work till I drop dead since I love what I do.....but you get my point.

I find more luxury in a 'Cheap' apartment compared to owning a house at this point.
I have already explained why. It needs a paradigm shift in your way of thinking.

[RoamingTX]

Originally Posted by crazyforger

Good. You have better understanding than majority of Homeowners.

Residence isn't an investment. Its a liability.

This is a ridiculous statement.

My priority is to make sure that my family isn't cash strapped and live a decent lifestyle to have good memories. This cannot be achieved by buying a house since it would handicap me by not letting me invest.

Your income doesn't let you do both. That's not a rent/purchase argument. At the end of the day, you're spending money on housing. If it's on rent - that is a sunk cost, but does have its benefits (no maintenance costs, flexibility, etc.)

My investments have lead to the generation of passive income which supplements my salary each month.
We live a much better lifestyle compared to how we would have lived if we had a house.

My RE investments generate enough income to replace my salary, and have some liquidity in the principal.

I find more luxury in a 'Cheap' apartment compared to owning a house at this point.
I have already explained why. It needs a paradigm shift in your way of thinking.

And I hate sharing walls and not having a BBQ pit, so there's no way I'd rent an apartment. My quality of life is more important to me. See, you're making the mistake of thinking there's only one way to skin a cat. You're doing what your income allows you to do, based on your priorities. That's making a decision based on emotions - and it's what everyone does.

There's simply no one answer - everyone's situation is different.

[kyam11]

Originally Posted by RoamingTX

This is a ridiculous statement.



Your income doesn't let you do both. That's not a rent/purchase argument. At the end of the day, you're spending money on housing. If it's on rent - that is a sunk cost, but does have its benefits (no maintenance costs, flexibility, etc.)



My RE investments generate enough income to replace my salary, and have some liquidity in the principal.





And I hate sharing walls and not having a BBQ pit, so ther's no way I'd rent an apartment. My quality of life is more important to me. See, you're making the mistake of thinking there's only one way to skin a cat. You're doing what your income allows you to do, based on your priorities. That's making a decision based on emotions - and it's what everyone does.

There's simply no one answer - everyone's situation is different.

This is a really good post

[MinesotaUser1]

Originally Posted by RoamingTX

This is a ridiculous statement.



Your income doesn't let you do both. That's not a rent/purchase argument. At the end of the day, you're spending money on housing. If it's on rent - that is a sunk cost, but does have its benefits (no maintenance costs, flexibility, etc.)



My RE investments generate enough income to replace my salary, and have some liquidity in the principal.





And I hate sharing walls and not having a BBQ pit, so ther's no way I'd rent an apartment. My quality of life is more important to me. See, you're making the mistake of thinking there's only one way to skin a cat. You're doing what your income allows you to do, based on your priorities. That's making a decision based on emotions - and it's what everyone does.

There's simply no one answer - everyone's situation is different.

Owning a house never be an investment in USA in 90% of places unless you timed the market.

Each one thinks differently, priorties are different. Everyone look at happiness in different ways. One thinks buying a house makes him happy. Other one thinks going to world tour makes him happy and some wants to hold cash for future generation etc. No discussions there.

[Katana49]

Good Lord we've got a lot of clueless people talking about real estate in here.

[EDS_]

Originally Posted by Katana49

Good Lord we've got a lot of clueless people talking about real estate in here.

No joke. I’ve been struck speechless by some of the above comments and trust me I’m not speechless often.

[crazyforger]

Originally Posted by RoamingTX

Your income doesn't let you do both. That's not a rent/purchase argument. At the end of the day, you're spending money on housing. If it's on rent - that is a sunk cost, but does have its benefits (no maintenance costs, flexibility, etc.)


And I hate sharing walls and not having a BBQ pit, so ther's no way I'd rent an apartment. My quality of life is more important to me. See, you're making the mistake of thinking there's only one way to skin a cat. You're doing what your income allows you to do, based on your priorities. That's making a decision based on emotions - and it's what everyone does.
There's simply no one answer - everyone's situation is different.

For the first part, I have already explained in my previous posts,

Let me do it again...

My rent is less than property tax ,insurance and maintenance for a house which gets thrown away anyways.

My savings per month are principal + interest + difference in utility and water bills.
This gets invested into Mutual funds that generate 7% annually

Other things that I haven't added into the equation is the wastage like additional furniture and stuff we buy to 'fill' up the house.




For the second part.....to each his own.
If having a BBQ pit and not sharing a wall is worth that much for you....sure go ahead.
Here is a good analogy regarding that

The Twenty Dollar Swim

[crazyforger]

Originally Posted by kyam11

This is a really good post