patrick.net

robertoaribas says

keep deleting all the comments that show what a lying asshole I am, and I'll keep posting them over and over! What the hell else am I going to do in the hell hole called Phoenix.

Shit, that stupid phone keeps ringing from my asshole tenants saying they can't make payment again, the roof is leaking, the heater is broke, or other shit like that. I thought this landlord things would be easy, but man was I wrong. I have to work like a bastard just to sweak out a lousy 5% return. Why the hell did I get into this mess. Dumb stupid that is why.

Hey, even insulting yourself is not allowed on my threads. Even though I agree with your insult here I will have to delete it.

A lot of people on this blog disagree with "robertoaribas".

However, they are all wasting their time. Roberto works in a local market which he knows and it is workings for hm.

Your local market is not the same, and Roberto would not touch it with a 100 foot poll.

While many can predict the direction, few can predict the when the worm turns.

It has always been a problem and it always will be will be.

fedwatcher says

While many can predict the direction, few can predict the when the worm turns.

It has always been a problem and it always will be will be.

Truer words never spoken.

I wish I would have sold my last home 2-3 years later, or sold gold 2-3 years later. Sometimes you just have to take your profits before they become losses. No one can predict the exact turns of the market.

robertoaribas says

I spent a cumulative year in thailand, 3 months in china and 2 months in brazil over the past 15 years as an owner... gotta love summer break, the month off at christmas!

You are a college professor, you get 3 month government vacation. That has nothing to do with investing. Plenty of people do that. Although local teachers I know, usually for some reason pick up second jobs flipping real estate during summer vacation.

wave9x says

Your $100k in stocks would need to go up 50% to match.

The money you have in stocks could well go up 50% in anywhere from five to eight years. Remember, you might be accumulating dividends along with the stock market going up. The beauty of compounding! Also you will be able to put more money into the stock market, if you are not using all that money to pay the mortgage/upkeep on a house.

That being said, I still think it's a wonderful thing to buy a home if it's in any way affordable especially if you plan to stay in one place, because it beats inflation and gives you security that you will never be thrown to the streets in your old age. It's a place to raise your family, makes memories., leave the home to your kids if you can.