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Where to put your cash? A house or a stock - CNBC
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2014 Dec 8, 2:49am 3,359 views 10 comments
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anotheraccount
2014 Dec 8, 3:31am
What investment has beat the stock market over the long run?
For most people the best thing to do is to buy a house first. Then invest.
What investment has beat the stock market over the long run?
Selling bogus paper does quite well, historically. Also creating money out of thin air.
And it is probably not cash, per se, but digital credits.
What investment has beat the stock market over the long run?
a house in the SFBA?
Better than the Google IPO??
Strategist
2014 Dec 8, 5:43am
What investment has beat the stock market over the long run?
Nothing , unless...... you buy your own home with little down, and the payments are comparable to rent, the return on your down over 30 years will even beat the stock market.
The leverage will make all the difference.
http://www.reddit.com/r/IAmA/comments/1fssv7/i_am_james_altucher_founder_of_20_companies_17_of
You said you blew all your money on "expensive toys, trips, and bad ideas" What was the WORST idea?
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[–]jamesaltucher[S] 598 points 1 year ago
1) Buying a house. People always forget: a.) a house is an illiquid investment so you cant get your money back when you need it most b) there's millions of hidden costs when you buy a house c) the bank owns your house. not you. When you sell your soul to a bank, you reap what you sow. d) "choosing yourself" requires freedom. the white picket fence becomes a prison bar.
tatupu70
2014 Dec 8, 7:32am
Very few people actually factor that in to their overall house costs. They just write it off to the "feel good" factor of owning...
I see this all the time on here-how the hell do you (or anyone else on here) know what other people factor in to their purchase?
Strategist
2014 Dec 8, 7:39am
a house is an illiquid investment so you cant get your money back when you need it most
That's the part that really sucks.
It's an ATM machine. Ask anyone.
there's millions of hidden costs when you buy a house
Very few people actually factor that in to their overall house costs. They just write it off to the "feel good" factor of owning...
Millions? Wow. Where did the zeroes come from?
the bank owns your house. not you.
But, I'd rather have that then dealing with a landlord that owns it.
The landlord owns your ass. He can boot yours out at will.
When you sell your soul to a bank, you reap what you sow.
When you sell your soul to a wife, you reap what you sow.... Hmmm....
That's when the house becomes hers and only hers.
the white picket fence becomes a prison bar.
Not if you buy in the SFBA... That's money, baby!!!
If Alcatraz changed its zoning to residential, the billionaires would not want to live anywhere else.
tatupu70
2014 Dec 8, 9:07am
If you were aware, you would see it in their posts when they JUST compare their rent payment to the mortgage payment but don't consider any other costs of "ownership" and think they're doing an "apples to apples" comparison just to the payments!
It's a rough guide, 1st approximation. They also don't list property tax, income tax benefits, future rent increases, etc. Doesn't mean they don't factor it in....
But you live in New Jersey, so it's hard to say how that differs from living in a landfill.
There are parts of NJ that aren't a landfill? Say it ain;t so.
http://www.cnbc.com/id/102249202?trknav=homestack:topnews:1
Even as the stock market soars to record highs, federal regulators are announcing new, cheaper ways for cash-strapped borrowers to buy a home. With the catastrophic housing crash of the last decade still glaring through the rear view mirror, the government is again pushing home ownership as the best way to build wealth, but is it?
"It would perhaps be smarter, if wealth accumulation is your goal, to rent and put money in the stock market, which has historically shown much higher returns than the housing market," said Nobel Prize-winning economist Robert Shiller at a Standard and Poor's conference last week.
#housing