> Not perfect investor, any investor that put their money in an index fund. Vanguard had a trillion and a half assets in 2010~ and those assets tripled while houses doubled.
You are still making the typical errors. Here, I'll put it in simple terms and maybe this will help the scales fall from your eyes about why real estate is a very popular investment strategy and real estate investors aren't all just a bunch of morons who should have pumped their money into Vanguard index funds.
As a renter, YOU ARE BUYING SOMEBODY ELSE'S PROPERTY FOR THEM.
You always have a a due to pay rent. There is no way too avoid that. When you buy a property you become the recipient of the rent you pay: if you pay rent to yourself, you still have to take it from your paycheck, and the landlord gets his profit. If you dont, then the landlord(yourself) is giving you a place for free.
This explanation is practical in the following sense: you are thinking of buying property, and on the same block you see 2 houses that are identical in every regard except one: one is offered at rent at below market price. Which is the best strategy?
You are still making the typical errors. Here, I'll put it in simple terms and maybe this will help the scales fall from your eyes about why real estate is a very popular investment strategy and real estate investors aren't all just a bunch of morons who should have pumped their money into Vanguard index funds.
As a renter, YOU ARE BUYING SOMEBODY ELSE'S PROPERTY FOR THEM.