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> real estate gains have traditionally lagged the stock market

Does that take into account the relative ease and long term leveraging in real estate vs. the stock market?



Considering the above scenario where real estate is gaining at 75k per year. A wealthy individual could easily leaver themselves to 75*5 = 375k/yr. Using the starting cost of a home at 600k, this would equate to an average rate of return of about 300%

Such rates of returns are simply impossible in the general stock market without getting very lucky.


You can lever yourself in the stock market too.


Not with 30-year lock-in in rates and with a similar commitment to avoiding margin calls for that long if your bet goes poorly in the short term.




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